Eternity Law International — News — Company registration in France

Company registration in France

Published:
December 14, 2020

More recently, France was ranked among those states that offer not the easiest conditions for the creation and development of commercial projects by foreign entrepreneurs. To remedy this situation, government agencies have focused all their efforts on laying a solid foundation for investors to act openly and freely. Now, France is trying to attract as much foreign capital of owners as possible, for which it greatly simplifies the process of opening and registering organizations.

Owners of companies can in the future receive the right to obtain a residence permit, and not only for themselves, but also for their family members. In this state, it is also allowed to create offices in the virtual space, through which telephone calls and correspondence will be sent.

Jurisdiction

French companies have an obligation to provide reporting and continuous accounting, for which they must hire an appropriate specialist. Many organizations, instead of one director, hire two in order to simplify the procedure for social security payments. In this case, non-residents must provide the authorities with a document confirming that they have no criminal record (received no more than 3 months ago), certified by an apostille and translated into French.

France is not offshore because commercial activities are taxed between 20 and 33 percent. However, in some cases, an entrepreneur can count on certain privileges.

Forms of enterprises in France

You can create a company in French jurisdiction in several of the following forms, choosing one of them that is most suitable in a particular case:

  • A company that has a sole owner who is responsible for all of its property.
  • A full partnership is a legal entity that does not bear public responsibility. Each of the participants in such a partnership shall be jointly and severally liable. There are no minimum capital requirements.
  • Simple limited society. This is a legal entity that conducts public reporting, for which there is a division of participants by levels of responsibility depending on their contributions. There are no requirements for the capital.
  • SCPA is a limited partnership. The members of such a partnership are responsible for all property, in addition, the organization includes shareholders. The registered capital is 225,000 euros. Public subscription – 37,000.
  • SA. Analog of AO. The capital varies – 37-225,000 euros (public subscription is not included here). Number of shareholders and founders: 7+. The company must create an administrative and supervisory structure without fail.
  • SARL. This is OOO. The minimum registered capital is € 7,500+. Participants: from 2.

Among non-resident entrepreneurs, the latter option is most common, since it is the most convenient for foreigners. Setting up such a company takes 3 to 4 weeks. Annual accounts are subject to audit by auditors.

Procedure for opening a French company

  1. Authorized bodies accept and check documents. Then the corresponding entry is made in the Free Register.
  2. The created organization is entered into national lists.
  3. A tax identification number is assigned.
  4. If necessary – registration of a license.
  5. Registration with social insurance. After that, a Certificate is issued.
  6. If the company is hiring personnel, an application must be made to the labor inspection authorities.

If you need to register a company in France, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in France. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

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