In practice, the S.A. and S.à.r.l have proved to be the principal forms normally used. The main features of these two corporate forms are presented in the summary table here below.
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Société Anonyme (S.A.) /Public Limited Liability Company
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Formation |
By notary |
By notary |
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Minimum Subscribed Capital |
EUR 31,000 |
EUR 12,500 |
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Minimum paid-up Capital |
25% |
100% |
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Currency of the Share Capital |
Any |
Any |
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Number of Shareholders |
1 minimum |
1 to 40 |
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Legal form of Shareholders |
Individual or legal entity |
Individual or legal entity |
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Type of Shares |
Registered or bearer |
Registered |
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Management |
Board of Directors (1 if 1 shareholder, 3 otherwise) |
Director(s) (minimum 1) |
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Residence requirements for Managers |
None |
None |
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Annual Shareholder's Meeting
|
Once per year |
Once per year only if more than 25 associates |
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Accounts |
Once per year and submitted to Register |
Once per year and submitted to Register |
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Auditor |
Required |
Required only if more than 25 associates |
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Audit |
If size of the Company requires it |
If size of the Company requires it |
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Report |
Required |
Not required |