Making it easier to set up a business: Sàrl.S now a reality in Luxembourg

This is because the Luxembourg Parliament has adopted on 13 July 2016 the draft Law establishing the simplified limited liability company (société à responsabilité simplifiée - SàrlS).

As announced in its governmental programme, the Government is seeking to stimulate entrepreneurship by reducing the costs of setting up an undertaking and by making the start-up process simpler, quicker and more efficient.

The initiative is aimed in particular at entrepreneurs wishing to launch business activities, which, by their nature, do not necessarily require a substantial amount of start-up capital.