Favorable Investment Climate
Advanced technology and innovation
Strong manufacturing sector
Strong tourism sector
Tax incentives offered by the Government
Efficient Transport Infrastructure
Low Set Up Costs
Access to EU
A French LLC is known as a Société á responsabilitè limitèe (SARL). It is equivalent to a private limited company in France. This type of business structure is mostly preferred by small and medium-sized businesses. It has low capital requirements and simple incorporation procedures. To establish a French LLC, there must be one director who must be a natural person, one shareholder, and a minimum share capital requirement is €1. The minimum amount is decided among the shareholders. There are no restrictions on the residency of the shareholders or directors of an LLC. The shares of this type of business structure are listed on the stock exchange. This business structure can have 100 shareholders and only one class of stocks can be issued. Shareholders are not personally liable. The manager of this type of business structure has broad powers to act and represent the Company against third parties. The business structure has to conduct annual shareholders meeting every year to get the accounts approved.
In a Partnership, there is an agreement between the partners to share the business profits. In a partnership type of business, the liabilities and assets of the Company are shared among the partners. There are numerous types of partnership structures that can be set up in France which are equivalents of general partnerships (SNCs), Limited Liability Partnerships (SCSs), Civil Companies, Civil Real Estate Companies (SCIs), Economic Interest Groups (GEI), SCA etc.
This type of Company is known as a société par actions simplifiée or SAS. Holding companies and start-up companies can establish this form of the Company as it gives immense flexibility. It allows the shareholders to design the Company as per their requirements. The manager of this business structure can be a natural person or a legal person. The shareholders have the right to determine the rights attached to their shares freely. It is required to appoint an auditor on fulfilment of a few criteria. It cannot make public offerings, so its shares cannot be listed on the stock exchange. There is no specified management structure for SAS except for appointing a company president with the broadest powers in the Company and exercising the maximum powers while representing the Company to third parties. It is not mandatory to establish BOD; however, it can be formed via bylaws.
This Company is similar to the French LLC. For this type of Company, there must be one director and one shareholder, and the minimum capital required is €1. There is no upper limit on the maximum number of shareholders for SAS. Companies can be appointed directors to manage this form of Company. They have to hold an annual shareholder meeting to approve their accounts within six months of closing the last financial year. The management decisions have to be taken in France.
This business structure is known as a société anonyme or SA. It is usually meant for large corporations as it allows the Company to offer shares publicly to the market and requires a large amount of capital. It has a complex mechanism and is not suggested for first-time incorporation in France. The minimum share capital required for forming a French public limited company is €37,000. A minimum of two shareholders is required to incorporate a French Public Limited Company, and there is no limit on the maximum number of shareholders.
The management structure of a French Public Limited Company comprises of:
Where the share capital of the SA is less than €150,000, a single person has been allowed to act with the authority of the directorate. However, this Company has to comply with the requirements of capital. An auditor must be appointed to manage the audits.
There is no personal liability on the member against the debts and obligations of the Company. The typical charter documents include bylaws, shareholders’ meeting resolutions, share transfer registers, and shareholders’ accounts.
A representative office known as “bureau de representation” is an extension office of a foreign parent company in France. It intends to establish a presence in France. It is not a separate entity from its parent company. The purpose of the representative office is to observe the local French market for business opportunities and conduct market research, marketing and promotion activities without having a trading purpose.
The representative office is not allowed to contract or trade on behalf of the parent company. It is only a contact point that enables potential clients and associates to find information about the foreign parent company. The establishment of a representative office is the first step in the establishment of a subsidiary or a branch office in France.
Since it is an extension of the parent company, the parent company has total liability over the activities of the representative office. A representative office in France is not required to register with the RCS but with the Companies Formalities Centre, where the office will be located. It is issued a tax identification number allowing the opening of a bank account.
The representative office has to appoint a representative who shall be a resident of France to represent the activities of the Representative Office in France. The documents required include a Certificate of Incorporation, Articles of Association of the parent company, board resolution to open a representative office in France, passport and other identification papers of the person registering the office in France.
No minimum capital is required to register a Representative Office in France, and it is not allowed to carry out sales-related operations. The office is registered only to establish the Company's presence in France. However, this office can be controlled by foreign shareholders. Similar to the case of the Branch Office, there is no requirement for minimum paid-up share capital.
A branch office (succursale) is a permanent establishment that is not a separate legal entity from its parent company. Such offices are set up during the starting phase of a business. The majority of control of the branch office is by foreign shareholders. The parent company must bear all the branch office debts. No minimum paid-up capital is required to set up a branch office.
A combination of two or more EU companies forms a European Stock Corporation. The minimum capital required for developing a European Joint Corporation is € 120,000.
Real Estate Wealth Tax
Domestic Consumption Taxes on energy products(TICPE)
Corporate Income Tax
Enterslice is one of the leading management consultancy firms which offers end-to-end business set-up, financial, regulatory, taxation, legal, and advisory services to early-stage businesses, start-ups, entrepreneurs, and large corporate houses across the globe.
Our France Entry Strategy services involve the following services:
Our France Entry Strategy is classified into the following:
Business Structures available in France are a French LLC, Partnership, Simplified Joint Stock Company, French Public Limited Company, European Stock Corporation, Branch office, and Representative office. Our business set-up services include advisory related to the type of business structure you should opt for to set up business in France. Our team will assist you in the business registration process, in opening a bank account for the business, and in post-registration compliance.
Our consultants formulate a strategic plan for establishing and operating the business depending on your business needs. We formulate a budget and develop cash flows for your business. We also review internal control processes and conduct business reviews. We provide advisory on issues related to the management of the business.
Our legal experts provide legal advice on business operations, finances, IP protection, etc. We also draft legal documents for your business and review and compile the required documentation. We also ensure that all legal and regulatory compliance are duly complied with.
Our experts provide bookkeeping services, assuring the proper maintenance of different accounting records. This involves keeping thorough and organized financial records, such as cash books, general ledgers, fixed asset registers, and accounts receivable and payable sub-ledgers. In addition to this, we also provide financial reporting, accounting guidance, and bookkeeping services. They aid in the production of accurate financial accounts, ensure conformity to accounting standards, and offer qualified advice on difficult accounting matters. The accounts and financial statements are prepared to reflect the true and fair view of the Company’s operations. On behalf of our clients, we ensure that the accounting and audit requirements are fulfilled.
Our tax experts will assist you in effectively managing your tax obligations and identifying opportunities to lower tax expenses. We ensure that the tax return is timely filed. We provide advisory on direct as well as indirect taxes. As the globe becomes increasingly linked, businesses regularly engage in cross-border transactions with intricate tax ramifications. We provide thorough advice on international tax compliance, double taxation agreements, transfer pricing, and international tax planning by using our worldwide tax consultancy services. Our knowledge aids companies in overcoming the difficulties associated with international taxes and strengthening their worldwide tax position.
Our IP Experts assist in IP Compliance. We assist in getting IP registration by filling out applications for registration and compiling relevant documents. Our team of IP experts also advises on IP compliance and IP Protection. We also assist in enforcing IP rights against any infringement.
An Employer of Record (EOR) is an entity that legally employs workers on behalf of another business. An EOR is fully responsible for all aspects of employment, including compliance, payroll, taxes, and benefits. Our team can act as an EOR and help in onboarding employees for our clients with the best part being that you shall have control over the daily activities and responsibilities of the employees.
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Haiden Group - UAE