Luxembourg Investment Vehicle Overview
SCA/S.à r.l.: What are these vehicles?
In and out
S.à r.l. = Private limited liability company
(Société à responsabilité limitée)
|SCA = Partnership limited by shares
(Société en commandite par actions)
S.à r.l.: Transferring shares is not easy as it requires the consent
of the other shareholders and must be registered on the Trade
and Companies Register and published
SCA: Shares are transferable as per the provisions of the articles
of association
Driver
S.à r.l.: One or several managers, who do not need to be shareholders
SCA: Usually one general partner (a shareholder with full personal
liability) or a third party
Incorporation
In the presence
of a Luxembourg
notary public
Shareholder(s)
S.à r.l.: From 1 to 100 members
(shareholders) with liability limited
to their contribution
SCA: Unlimited number with liability
limited to their contribution
Capital
S.à r.l.: Minimum EUR 12,000
SCA: Minimum EUR 30,000View entire presentation