The subscribed capital of an investment company in risk capital (société d’investissement en capital à risque - “SICAR”) with the share premium (primes d’émission) or the value of the amount constituting partnership interests shall not be less than EUR 1,000,000.
This minimum must be reached within a period of 12 months following the licensing of the company.
Under the law on SICAR, the share capital of a partnership limited by shares (société en commandite par actions), a public limited company (société anonyme), a limited liability company (société à responsabilité limitée) and a cooperative company in the form of a public limited company (société coopérative organisée comme une société anonyme) must be entirely subscribed, and a least 5% of each share must paid-up in cash or by means of a contribution other than in cash.
References: Article 4(1) and 5(2) of the amended law of 15 June 2004 relating to SICAR; Authorisation and Supervision (SICAR), September 13, 2020, Bertrand Mariaux.
*Podcast #273:
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Bertrand Mariaux, Avocat à la Cour, LL.M. (hons.)
Prestation de serment (Swearing-in oath): Luxembourg (2011), Certificat d’Aptitude à la Profession d’Avocat, École de Formation professionnelle des Barreaux de la Cour d’appel de Paris (2009), Bond University (LL.M. (distinct.), International Legal Practice, 2010), Université Sorbonne Paris Nord & University of Limerick (Master in European & International Law - major in economics, 2008), certified Expert in Microfinance (Frankfurt School of Finance & Management, 2015), social entrepreneurship (University of Oxford, 2015 & The Wharton School of Social Policy & Practice, 2014) and social & solidarity economy (International Labour Organization Academy - Social & Solidarity Economy, Organisation Internationale du Travail - Économie Sociale et Solidaire, 2017)