Europe Emirates Group can help you start your business in France
France company formation offers the société à responsabilité limitée (SARL) structure, with applicants required to register for VAT (a four-week process) and appoint a French chartered accountant to handle company business. The total formation process takes one month.
Forming an SARL requires individuals or companies outside the EU to obtain approval from the French government, which involves a criminal background check and translation of the record into French by a government-certified translator.
To register as an SARL, the company name must initially be submitted for approval along with a declaration of company business intent. One director and two shareholders should be appointed with photographic ID required for approval. The names of director spouses are also required.
Physical office presence is mandated and the French registrar will require a copy of the agreement between the landlord and company that authorises the address to be used as the official business address.
The director can be from any country and hold any citizenship. Only one director is mandated and there are no shareholder restrictions. There are also no requirements for annual meetings, provided that there are fewer than 25 shareholders in the corporation. The director, however, has to be a person.
In France, the company director is considered to be a self-employed individual, which means they have to pay social security at the rate that a French self-employed citizen would pay.
Minimum available share capital is required and each shareholder has to have the percentage of total shares they hold declared, and the company has to provide proof of the capital requirement in the company bank account. The company must also declare when financial statements will be closed.
The registration requires that documents are filed with the Centre de Formalités des Entreprises. Once this is completed, the company is published in the Official Journal and pays the registration fee and the stamp duty. The company will also have to register with the tax authority, appoint its director and provide the minutes of the meeting and issue any shares.