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Company Incorporation Procedure Being the 5th largest economy in the world, France has been slower than many of its EU counterparts to embrace a truly liberal business culture. At the same time, it has aggressively sought to attract Foreign Direct Investment Checklist- and with considerable success. So, the result is that it is now very simple and straightforward to set up business in France, although local advice is essential in order to ensure compliance with legal and financial regulations.
It is the second largest market in the European Union after Germany.
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There is no fixed pattern for company registration in France. Options range from opening a small representative office – a bureau de liaison – through to acquiring an existing company or setting up a new business from scratch. A SARL (Limited Company) or SAS (Simplified Joint Stock Company) are the most popular for overseas clients.
France has a well-developed legal and regulatory system broadly similar to that in other EU member states. There are a few restrictions on setting up companies, except in certain areas such as banking and insurance and there is no restriction on imports or capital from abroad. However, state ownership is still a significant trait of the French economy, particularly in infrastructure industries and some restrictions still apply to the same.
Main kinds of French Company Incorporation –
Once it is approved, one should proceed with rest of the procedure.
France has signed double taxation treaties with around 123 countries, so it an international market hub. Also, France legal system is a party to the New York Convention.
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