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COMPANIES |
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CORPORATE & COMPANY LAWLuxembourg Law acknowledges six types of commercial
companies:
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| Public
Limited Company |
Private
Limited Company |
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| Constitution |
Notarial deed, registered
with the Registre of Commerce & published
in extenso in the Mémorial |
Idem |
| Capital |
capital subscribed is
minimum € 31,000 -
1/4 of which must be paid-in |
capital subscribed is
minimum € 12,500 to be
fully paid in |
| Shares |
Nominative or Bearer |
Nominative only |
| Shareholders |
1 or several persons
(individuals or companies) Luxembourg or foreign nationals Residents or Non Residents Representation of the shareholder possible by mandate/proxies or fiduciary/trust contracts |
1 or several associates Idem |
| Assembly |
The General Assembly
takes place once a year |
Idem if > 25 associates |
| Administrative Council |
minimum 3 persons
(1 if one shareholder) OR Conseil de Surveillance & Directoire |
1 or several managers |
| Statutory auditor |
1 required |
None if < 25 p Idem if > 25 p |
| Audit |
if the size of the company
requires it |
Idem |
| Accounts |
once per year to
be submitted to the Register |
Idem |
| Report |
an Auditor's report
is required |
no report is needed |
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