Legal framework


Public Limited Company (S.A.)  PRIVATE Limited Company (SARL)
Minimum share capital EUR 31,000 EUR 12,500
Minimum paid up capital at the incorporation 25% i.e. EUR 7.750 100%
Directors / Manager 3 if more than 1 shareholder and 1 if only one shareholder 1
Statutory auditor  yes no unless > 25 shareholders
Bearer shares  yes no
Restriction on transfer of shares  no Yes – require the approval of the shareholders respresenting more than 75% of the subscribed capital
Publication of transfer of shares  no yes
Audit report for contribution in kind  yes  no
Financial assistance provision  applicable  not applicable