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, which means anonymous 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. does not need to appoint a legal representative, have a local person serving as a director, or require a company secretary. The minimum registered capital is 31,000 euros and does not require capital verification. Overall, S.A. is a flexible and popular legal entity form suitable for various types of businesses.