France Company Formation & Business Setup - S K Patodia

1
S K Patodia
2
Company Formation in France
France, a country with the fifth largest
economy, is known for best labour productivity in
the world. Additionally, its per capita income
from the service and goods sector in one of the
highest in Europe. The globalisation of the
French economy is an established fact. It can be
measured by the dynamic nature of its trade with
Europe and the rest of the world. It can also be
seen in capital movements, i.e., France is both a
major investor in other countries and a favoured
destination for international investment. A
policy has been launched in France to raise its
growth rate and improve its trade balance. It is
based on raising household purchasing power. It
will necessarily involve winning new positions in
the most dynamic regions of the world economy,
developing its offering of innovative,
high-value-added products and services, and a
greater contribution from medium-sized firms.

• France Company Formation

3
Procedure for Company Formation in France

• 1) Reserve a company name with the INPI
• 2) Deposit Minimum Share Capital in a bank
  account and obtain a confirmation certificate
• 3) Publish a company incorporation notice in
  appropriate journal
• 4) Preparation of companys deed of incorporation
  and Memorandum Articles of association
• 5) Submit the necessary documents to the
  Companies House (Centre de Formalities des
  Enterprises (CFE) in France

4
6) After verification, the CFE enters the name of
the company in the Registre Natinale des
Enterprises (RNE) 7) After this the newly
formed company will receive the SIRENE (Systeme
Informatique pour le Repertoire des Enterprises),
SIRET (Systéme Informatique pour le Répertoire
des Establisements) and NAF (Nomenclature des
Activitees Francaises) numbers 8) Lastly, buy
the company books and have them stamped from the
commercial courts
5
Requirements for business setup in France

• Basic Requirements
• Minimum 1 Shareholder is required (any
  nationality)
• No requirement of Director, instead 1 manager is
  to be appointed by the shareholders who must be a
  resident of the member state of European Union
• Minimum Share Capital of 1 Euro
• Registered Office Address
• Documents Required
• At least 2 Completed copies of Application Form,
  Articles of Association and other documents
  signed by all the shareholders

6

• A Certificate issued by the bank certifying that
  the amount of initial share capital has been paid
  up by the shareholders
• Copy of notice published in the appropriate
  journal for company formation in France
• Passport Copies of the shareholders along with a
  declaration stating absence of any criminal
  record against them
• Proof of companys registered office address
  (rent agreement / lease agreement)
• A certificate ascertaining the names of the
  shareholders, the number of shares subscribed and
  the amount of share capital paid up by each of
  them

7
Our Services

• Checking of Name, Activity, Location, etc. and
  reserving the same
• Evaluation and Orientation regarding the most
  appropriate tax category
• Evaluation and Orientation regarding the most
  appropriate company form
• Preparation, Drafting and Elaboration of Company
  documents (like Articles of Association or By-
  Laws)
• Complete analysis of all the other required
  corporate documents
• Filing of Articles of Association or By-laws with
  the CFE
• Publication of Notice in the appropriate journal
• Prestigious Address
• Forwarding of Incoming Post by Email

8
Time Period

• It generally takes about 8 10 days for company
  registration in France.
• Click on http//skpatodia.in/company-formation-in
  -france.php
• Contact Ayush Sharma ayush.sharma_at_skpatodia.in
  91 8879486026