12 March 2007 |  Print this Article | Share on Facebook | Share on linkedin

Abolishment of minimum par value requirement

The law of 21 December 2006 has amended the Luxembourg company law. It is no longer required that the shares issued by a  société anonyme, a société en commandite par actions or a société à responsabilité limitée have a minimum par value per share.

Prior to the new law, the minimum par value per share were set for an S.A. and a S.C.A. at 1,24 Euro per share and at 24,79 Euro for an S.à .r.l

The minimum share capital requirements have however been maintained (for an S.A.: 30.986,69 Euro and for an S.à r.l. 12.394,68 Euro).

This abolishment is certainly important in light of the calculation of shareholdings in joint ventures.