France SARL vs SAS

SARL is a legal entity in France, with the full name Société à Responsabilité Limitée, abbreviated as SARL. It is a type of company with limited liability and a mixed ownership structure. SARL does not publicly participate in the market, thus it does not need to publicly issue shares. According to French law, SARL needs at least one shareholder at the time of establishment. In addition, SARL also requires at least one director to manage company affairs. Unlike companies in other countries, SARL can have directors from any nationality and does not require a local person to be appointed. Furthermore, SARL does not need to designate a legal representative or have a company secretary. The minimum registered capital starts from 1 euro and requirement for capital verification. Overall, SARL is a flexible and simple legal entity suitable for small businesses and entrepreneurs.