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Corporate law reforms aimed at developing opportunities for tech start-ups and entrepreneurs in Luxembourg are due to come into force next week. The new SARL-S company structure reduces minimum share capital and set-up costs, and is aimed at developing start-up activity in the tech sector within the jurisdiction.
Bertrand Geradin, who heads Ogier's Luxembourg Corporate and Commercial team, said that the changes which were agreed last year were designed to attract entrepreneurs in the tech sector, as well as other areas of the economy. Bertrand said: "The new SARL-S structure changes the playing field – instead of effective costs of up to 20,000 euros in minimum share capital and legal and notary fees under the existing rules, the new structure will enable a company to...
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