Why registration company in France?
France is the world’s 5th largest economy and the fourth largest recipient of foreign investment in Europe. With a GDP per capita of $35,000, France is an excellent country to do business. More than 20,000 foreign companies are already up and running in France. Unlike many other countries, the rules, regulations, rights, obligations and available State Aid are the same for all companies whether they are French or not.
Company Registration France is rather simple as long as the requirements of the law are met. Soha Europe Invest can assist you in the process of setting up a French company, ensuring the process is simple and stress-free.
Company registration in France
Company registration in France is overseen by the French Center for Business Formalities (Centre de Formalités des Entreprises - CFE) - this is the institution that handles the applications for registering French companies and manages the entire process. The CFE can also handle the registration for the Register of Commerce and Companies.
Registering a company in France
The first step for registering a French company is to verify if the chosen name is available. If the name can be used, a bank account needs to be opened for the company and the initial capital must be deposited.
All the necessary documents for company registration in France are submitted at the French Center for Business Formalities. All the documents are filed in the same place and by requesting the services of the CFE, investors benefit from a simplified business incorporation procedure.
The registration of a new French company must be made according to the type of business the company will engage in:
1- commercial companies with no artisan activities are registered at the Chamber of Commerce and Industry;
2- artisans and companies that engage in activities that involve various crafts need to register at the Chamber of Trade;
3- commercial agents and non-trading companies must register at the Registry of Commerce;
4- companies that engage in agricultural activities must register at the Chamber of Agriculture.
Each company must obtain the Kbis extract from the Register Commerce and Companies (RCS). This is a document that unifies all the information the company is obliged to report. It attests the legal existence of the company.
Types of companies in France
According to French law, there are several types of structures that can be formed in the country. Detailed below are the types of companies that can be opened by foreign investors and nationals in France:
The Societé Par Actions Simplifieé (Simplified Stock Company) is a vehicle for creating a joint venture between a French company and a foreign partner. Previously, French companies had found it difficult to enter into joint-venture relationships with foreign companies because of the rigidity of French corporate law. However, SAS companies are increasingly finding favour with foreign investors considering company formation France, particularly in the USA.
Any new company in France is given a business registration number, a SIRET number (with 14 digits) which also contains the company’s SIREN number (the first 9 digits of the SIRET number). An APE code is also given to any company: it is a five figure code that identifies the business activity. VAT registration will also be required, according to the types of commercial activities you wish to perform.