A native of South Africa, Dirk Coetzer is a behavioral psychologist and trade finance specialist who serves as the managing director of the Luxembourg-based company Firminy Capital. In this position, Dirk Coetzer is responsible for the oversight of a firm incorporated as a limited liability company, known in Europe as a société à responsabilité limitée (SARL).
A SARL is a commercial company that combines characteristics of a partnership with characteristics of a capital company. In this sense, the SARL adopts the concept of non-transferrable company shares from the former, and the partners’ liability being limited to the amount of capital they contributed from the latter.
In Luxembourg, any kind of company can be incorporated as a SARL with the exception of savings, investment, and insurance companies. The benefits of incorporating a company as a SARL include the ability of shareholders to establish a firm with less required capital than other types of incorporations, with a minimum share capital of just 12,000 Euros in cash or a contribution in kind in order to establish one.
There are also no stipulations on who can become a partner within a SARL. The only requirement with regard to shareholders is that there be at least two individuals involved, and no more than 100. The company must also be managed by two directors who share equal powers, and must also create a panel of directors.