On 4 August, the law providing for the creation of a simplified limited liability company (Société À Responsabilité Limitée Simplifiée - Sàrl-S) was published in Luxembourg's Official Gazette. The new business form is for natural person entrepreneurs, and involves lower establishment costs, quicker establishment time and an initial capital requirement of just 1 euro. The Sàrl-S may be formed by a notarial deed or a private agreement, and formation should be able to be completed in 1 day.
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