Since 2003, Healy Consultants Group PLC has assisted our multi-national Clients’ Clients with company registration in France.
Our professional services include i) France company formation services and ii) secure government business license registration and iii) corporate bank account opening services in France and iv) employee recruitment services and visa strategies and iv) office rental solutions in Paris and vii) accounting and tax services.
|LLC||PLC||Simplified JSC||Branch||Rep Office|
|Also known as||SARL||SA||SAS||Branche||Bureau de liaison|
|How long to set the company up?||2 weeks||2 weeks||2 weeks||3 weeks||2 weeks|
|How long to open company bank account?||4 weeks||4 weeks||4 weeks||4 weeks||4 weeks|
|Wholly foreign owned?||Yes||Yes||Yes||Yes||Yes|
|Minimum paid-up share capital?||€1||€37,000||€1||€0||€0|
|Must file annual corporation tax return?||Yes||Yes||Yes||Yes||No|
|Tax Registration Certificate required?||Yes||Yes||Yes||Yes||No|
|Corporate bank account recommendation||BPCE||BNP Paribas||Societe Generale||HSBC||HSBC|
|Does our Client need to travel?||No||No||No||No||No|
|Resident director required?||No||No||No||No||No|
|Resident shareholder required?||No||No||No||No||No|
|Minimum directors allowed?||1||3||1||1||1|
|French resident company secretary required?||No||No||No||No||No|
|Corporate shareholders allowed?||Yes||Yes||Yes||Yes||Yes|
|Corporate director(s) allowed?||No||Yes||Yes||Yes||Yes|
|Public register of shareholders and directors?||Yes||Yes||Yes||Yes||Yes|
|France corporate tax rate?||33%||33%||33%||33%||0%|
|Annual financial statements required?||Yes||Yes||Yes||Yes||No|
|Statutory audit always required?||No||No||No||No||No|
|Allowed to issue sales invoices?||Yes||Yes||Yes||Yes||No|
|Allowed to sign contracts?||Yes||Yes||Yes||Yes||No|
|Allowed to import and export goods?||Yes||Yes||Yes||Yes||No|
|Can rent an office in France?||Yes||Yes||Yes||Yes||Yes|
|Can buy France property?||Yes||Yes||Yes||Yes||No|
|Can own equity in other French companies?||Yes||Yes||Yes||Yes||No|
|Estimate of total business setup costs in Yr. 1||€13,790||€16,390||€13,790||€14,790||€12,940|
|Estimate of total annual costs thereafter (excl. accounting and tax fees)||€1,400||€1,400||€1,400||€1,400||€1,400|
|Sample engagement fee Invoice||View invoice PDF||View invoice PDF||View invoice PDF||View invoice PDF||View invoice PDF|
Advantages of doing business in France
Revenue from sales can be high. While taxes are high in France, our Clients’ sales income can also be high because France boasts the 2nd largest consumer market in Europe, with 65 million locals spending up to €2 trillion annually;
Even though the published corporation tax rate is 34%, Healy Consultants Group PLC helps our Clients enjoy an effective tax rate of 9%. With our deep knowledge of the French taxation system and our “think outside the box” approach, we legally optimize the use of legal tax incentives and exemptions available for French companies;
Good source of funding
The Public Investment Bank offers low-interest loans of up to €1.5 million to finance innovation projects in companies that have i) less than 250 employees; ii) less than 50 million in annual revenue and iii) been operating for at least 3 years;
Disadvantages of doing business in France
Getting business done in France can be challenging because some of their citizens may focus on problems. A habitual focus on what is wrong rather than on what’s going well. Consequently, it can be painful for a foreigner not used to the local culture to run a business and deal with French customers and staff;
Annual business costs
Multi-national companies prefer not to register a company in France because of the extreme high costs of doing business in this European country including i) high staff costs and ii) imposing the highest total taxes on the planet;
There is significant Government control over business activities in France. A painful amount of complex paperwork and filings and reports makes business slow and difficult;
Incorporate a company in France in 12 steps
A French limited liability company can be incorporated within 2 weeks with 1 director and 1 shareholder, who can be of any nationality. The minimum paid-up share capital required is €1 and our Clients do not need to travel to France to complete the engagement.
Time required to start a new SARL company in France is 9 weeks
Open a corporate bank account in France without travel
Opening the corporate account can be completed within 2 weeks of France company formation. Our fee for this service will be €4,950.
Accounting and tax considerations
corporate tax in France
VAT rate in France
withholding tax on dividend payments
withholding tax on royalties payments
April filing deadline for corporate tax return
signed double taxation treaties
The effective corporate tax rate can be as low as 9% for larger companies.
France visa requirements
Only non-EU/EFTA citizens are required to secure a work visa in order to work in France.
Non EU/EFTA entrepreneurs opening a company in France will be required to obtain either a residence permit for resident directors or a circulation visa for non-resident directors.
Employers will be required to apply for a work permit (valid up to 3 years) for hiring a non-EU/EFTA national. This can only be done after company formation in France.
This visa is issued for 3 months for the purpose of either tourism or short-term business.
Frequently Asked Questions
To recommend the optimum non-travel banking strategy for your business, kindly complete the 5-minute questionnaire below.
Within 2 hours thereafter, a senior Consultant will ring you to discuss the specific results you need from Healy Consultants PLC: