France company registration

France company registration

DOING BUSINESS IN FRANCE

Since 2003, Healy Consultants has assisted our Clients with business registration in France. Our services include i) France company formation services ii) government license registration iii) corporate bank account opening services in France and abroad iv) employee recruitment services v) visa strategies and vi) office rental solutions in Paris and other French cities.

France business setup summary

  1. France is the 2nd largest market in the Europe Union after Germany. Formation of a local company is a must for our Clients willing to increase their sales in Europe;
  2. The most commonly used business entity to start business in France is the simplified joint stock company. Find more information on the different types of legal entities on this page;
  3. While the paid up capital to start a company in France is only €1, it is necessary to open a corporate bank account before proceeding with the registration of the company. Find no travel banking solutions on this page;
  4. While the published corporation tax rate is 34%, Healy Consultants Group PLC helps our Clients enjoy an effective rate of 9%;
  5. With our deep knowledge of the French taxation system and our “think outside the box” approach, we optimize the use of legal tax incentives and exemptions available for French companies, but little known outside of France;
  6. French people are usually not fluent in English and our Clients usually decide to hire a local sales team. Navigating the local labor laws can however be complex so hiring a local HR manager is also recommended.
SummarySimplified JSCFast business solutionPartnershipLLCPLCBranchRepresentative office
Best use of company?Trading/holding companySigning urgent contractsProfessional ServicesTrading companyStock Exchange listingBank branchesMarketing and research
Legally tax exempt if properly structured?YesYesYesYesYesYesYes
Corporate bank account location?HSBC FranceCredit AgricoleHSBC UKSociete GeneraleBarclays FranceSCB FranceCaisse d’epargne
Client must travel to France?NoNoNoNoNoNoNo
Can secure trade finance?YesYesYesYesYesYesNo
Limited liability entity?YesYesNoYesYesNoNo
VAT payable on sales to local customers?20%20%20%20%20%20%0%
Withholding tax on payments to overseas owners?YesYesYesYesYesYesNo
Average total engagement costs?€11,790€22,850€13,210€11,790€14,390€12,790€10,940
Average total engagement period?9 weeks2 weeks9 weeks9 weeks10 weeks11 weeks9 weeks
Accounting and tax considerationsSimplified JSCFast business solutionPartnershipLLCPLCBranchRepresentative office
Statutory corporation tax payable?33%33%0%33%33%33%0%
Must file an annual France tax return?YesYesYesYesYesYesYes
Effective corporate tax rate on net profits of €250,000?30%30%0%30%30%30%0%
Must file annual financial statements?YesYesYesYesYesYesYes
Investment income is legally tax exempt in France?NoNoNoNoNoNoNo
Access to double taxation treaties?YesYesYesYesYesYesNo
This entity enjoys Government incentives?YesYesYesYesYesYesNo
Monthly VAT reporting to the Government?YesYesYesYesYesYesNo
Legally tax exempt entity?NoNoYesNoNoNoYes
Dividends received are legally tax exempt?NoNoNoNoNoNoNo
Company registrationSimplified JSCFast business solutionPartnershipLLCPLCBranchRepresentative office
Resident director\partner\manager required?NoNoNoNoNoYesYes
Minimum number of shareholders\partners?11217Parent companyParent company
Minimum number of directors/managers?1111411
Minimum paid up share capital?€1€1€2€1€37,000€1€1
Shelf companies available?YesYesNoYesNoNoNo
Time to incorporate a new entity?2 weeks1 week2 weeks2 weeks3 weeks4 weeks2 weeks
Can easily convert to a local PLC company?YesYesNoYesYesNoNo
Can have preference shareholders?YesNoNoNoYesNoNo
Business considerationsSimplified JSCFast business solutionPartnershipLLCPLCBranchRepresentative office
Can invoice local customers?YesYesYesYesYesYes
Can hire local staff?YesYesYesYesYesYesYes
Can rent local office space?YesYesYesYesYesYesYes
Secures a residence visa for business owner?YesYesYesYesYesNoNo
Good entity for trademark registration?YesYesNoYesYesYesNo
Other useful informationSimplified JSCFast business solutionPartnershipLLCPLCBranchRepresentative office

France has signed free trade agreements?Yes
This country is a member of WIPO and TRIPS?Yes
The country is a member of the ICSID?Yes
Average customs duties suffered?1%
Government foreign investment approval is required?No
Average monthly office rental? (€ per sq. m.)€23
Minimum statutory monthly salary?€1,466
Average monthly € salary for local employees?€2,200
€ deposit interest rate? (1 year average)0.8%
US$ deposit interest rate? (1 year average)0.1%
Overseas remittance currency controls?No
Public register of shareholders and directors?Yes
Banking considerations
Multi-currency bank accounts available?Yes
Corporate visa debit cards available?Yes
Quality of e-banking platform?
Crowd funding available in this country?Yes

Company registration

  • Time to incorporate: Two weeks
  • Cost to set up: €10,840
  • Minimum capital: €1
  • Physical office required: No

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: No
  • Resident director: No

Key facts

  • Corporate tax rate: 33.33%
  • Corporate tax base: Territorial
  • Shelf companies: No
  • Main company type: SAS

Frequently asked questions

Contact us

For additional information on our business registration services in France, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon
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