Luxembourg S.A. vs S.à r.l.

S.A. is one of the most common legal entity forms in Luxembourg, and its full name is Société Anonyme, known in English as a public limited company. S.A. belongs to the collective ownership, meaning that shareholders do not bear personal responsibility for the company's debts and obligations. S.A. is a limited liability company, and the shareholders' liability is limited to the amount of their subscribed shares. S.A. can participate in the public market, issue stocks, and be listed on the stock exchange. According to Luxembourg company law, S.A. requires at least one shareholder and at least one director. S.A. acts through its board of directors and does not need to have a local person serving as a director or require a company secretary. The minimum registered capital is EUR 30,000; the capital must be fully subscribed, each share at least one quarter paid up at formation, and the notary verifies it. Overall, S.A. is a flexible and popular legal entity form suitable for various types of businesses.