Business in France

1. WHAT TO
KNOW BEFORE
CREATING A COMPANY
IN FRANCE
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France is probably the biggest nation in Europe and the European Union. It has
been the focal point of convergence in Europe. France has remained to be one
of the foreign investment attractions in various sectors of business activities.
The capital city of France is Paris which has been central in business
development due to its dynamic cultural heritage and center for business.
France has got laws that govern the process of registering
companies in its territories. The legal formalities of starting
a company or a business in France are not lengthy and tedious
as you may think. The most crucial of the requirement is the
documentation. You will need personal identification documents
like an Identity card issued by a government locally or internationally
for non-nationals. For foreigners in France, they should first obtain a
trading license to incorporate any type of business in the region.
The following forms of business and company units are allowed as per
the Commercial Law of France.
Partnership type of business where it comprises of two members
Coming together to start a business
The public limited company which is the most preferred by foreigners
A Public Limited Liability Company also known as Joint Stock
Company
Single Shareholder Company characterized by a single shareholder
Private Limited Liability Company normally a good take for the
independent and self-employed experts
Sole-proprietorship which is a business owned and operated by one
person
REGISTRATION
PERSONAL INFORMATION
CONTACT INFORMATION
REGISTRATION
Business Registration
Business INFORMATION
A Limited liability company in France is also known as SARL,
Foreign investors can opt for several structures of companies
available in France; the most common formation of companies is
SARL.
It is an abbreviation of Société à Responsabilité Limitée which
means in English, Limited Liability Company.
The most important thing to note is that the regulations governing
company formation in France apply uniformly to both the locals and
foreign investors. One of the most important fulfillments is having a
registered office space for the Company.
As for the foreigners wishing to set up a limited liability company in
France, you will need the following;
As a foreigner, you will need a residence permit to run a business in
France
Personal information of all the shareholders i.e. their full names and
addresses
Information regarding the directors where at least one director
appointed by the shareholders
A foreigner will need to secure an address to be used as a registered
address for the company.
A few documentation including evidence of the Company’s Bank
Accounts with the local banks in France to be issued with Taxation
compliance documents leading to the issuance of a VAT number.
A license also has to be issued to the company with the local
authorities for it to be fully operational as well as be included in the list
of companies in France in the registrar of Companies.
The Commercial Law there in France demands that the following
has to be applicable by businesses in the region in terms of capital
formation.
For the sole proprietorship, there is no limit of capital contribution
so far.
For a Public Limited Liability Company, the shareholders have to
meet a share capital of around 40,000 Euros not ales the article in
the companies act of France is amended.
For the rest of the types of Companies formations, there are no
maximum or minimum share capital requirements.
Thank You For Reading How To Form A Company In France. For More Information
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