Opening a Company in France

A presentation brought to you by our law firm in France

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Reasons to Start a Business in France

France is one of the largest countries in Europe and provides access to a significant internal market. It also acts as a gateway to the rest of the European Union.

As one of the most famous countries in the world and a global economic power, France receives an large number of foreign direct investments.

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Company Formation in France

The company formation process lasts about four days. Investors must follow a few steps, including:

• choosing a type of company and an available company name;

• depositing the minimum share capital;• setting-up a registered office; • registering the company for tax purposes and for hiring

employees.

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The Business Start-Up Costs in France

A mandatory cost for starting a business in France is the minimum share capital. This varies according to the type of company and it can be increased afterwards, if stipulated in the articles of association.

Other costs include fees payable to French authorities, notary fees or those for obtaining special permits and licenses.

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Types of Companies in France >>

The limited liability company is a popular business form in France. It has a low minimum share capital, making it suitable for small and medium enterprises.

The joint stock company is generally chosen by large businesses. It can be formed by individuals or other companies and it requires a significantly larger initial share capital.

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>> Types of Companies in France

The commercial partnership is suitable for individuals with the same business goals, but their liability is extensive. It does not require a minimum share capital.

The sole proprietorship is incorporated by only one individual, fully liable for the debts and obligations of his/her business.

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Company Registration in France

Investors who decide upon the most suitable business form must begin the company registration procedure.

French companies are registered with the Centre for Business Formalities - Centre des Formalités des Entreprises (CFE). Different types of registration centres exist according to the business activity performed by the company: commercial, trader, agricultural and others.

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Hiring Employees in France

The French Labour Code contains the main provisions and conditions for hiring employees. Two types of employment contracts are allowed in the country: with limited or unlimited term.

The French workforce is highly educated, qualified and productive.

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Corporate Taxation in France

Registered companies must observe the taxation rules as well as the reporting and accounting requirements.

The corporate income tax in France has a standard value and is levied on the business profits derived from the country (both for resident and non-resident companies).

Other taxes for companies include: the payroll tax, real property tax, social security, stamp duty or the transfer tax.

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Advantages for Foreign Investors in France

Foreign investors are welcomed in France and they can benefit from the large number of double tax avoidance treaties signed by France with other jurisdictions.

The Government encourages certain business activities, including research and development and innovation.

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Legal Assistance for Company Formation in France

Our lawyers in France can help you open a business and complete all of the required formalities for company registration.

We can provide legal counselling and assistance for any business field and in all areas of French law.

Thank you for your attention!

For more information please contact us at:

 (+44)203-287 0408 (for international clients)office@lawyersfrance.eu

http://www.lawyersfrance.eu/

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