EURL - Enterprise Unipersonnelle à Responsabilité Limitée

An Entreprise Unipersonnelle à Responsabilité Limitée - EURL, is a private limited company with one shareholder. The EURL is run by a manager who may be either the sole partner, or a third party. The manager's appointment and powers are detailed in the Articles of Incorporation.

Characteristics of an EURL:

• Only a nominal capital requirement - minimum capital of 1 euro.
• One shareholder. This can be a company or an individual.
• Up to 50 partners are allowed.
• For small enterprises based on one person.
• Simple to set up and operate for a closed structure as less formal procedures.
• Transfer of the shareholdings to family members is usual.
• Fiscal transparency is usual although company tax can also be levied, depending on the facts and agreements with the French fiscal authorities.
• Subject to transfer tax in the event of sale of shares.