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France Company Formation

FRANCE

Type of Entity: Limited_Liability_Company (SARL)
Type of law: French civil law
Shelf company availability: No
Incorporation time frame: Two days to four weeks
Minimum Government fees: EUR 1
Regular Corporate Income Tax: 25%
Double Tax Treaty access: Yes, Companies have access to 108 tax treaties
Minimum issued share capital : A minimum of EUR 1 (it is advisable to start with a minimum of EUR 1,500)
Minimum paid up share capital on incorporation: No minimum, fixed in the company statutory rules
Minimum number of Shareholders required: One
Bearer Shares: No
Nominee Shareholders Permitted: Yes
Minimum number of directors: One is required to be appointed by the shareholders
Corporate directors permitted: Yes
Local directors required: No
Local meeting required : Yes, it is obligated to hold an annual meeting each year to approve the annual accounts.
Company secretary required : Not applicable
General Meetings of Shareholders: Yes, once a year
Local Registered office required: No office required, just a mail box
Tax residence to benefit from Tax Treaty network: Yes
Exchange Control: Not existing
Disclosure of beneficial owner to Company Registrar: Yes (he or she must be an individual (not a legal entity)
Government register of directors: Yes, should be registered with the French Registry of Commerce and Companies (RCS)
Annual return: Yes
Submission of accounts: Yes, All French companies must file their corporate tax returns usually by April the 30th
Audit: No, but a statutory auditor is necessary if SARL exceeds two of the following three thresholds :
  • Pre-tax turnover over EUR8 million
  • Total balance sheet over EUR4 million or
  • 50 employees
Change of domicile Permitted Yes

We do our best to monitor the compliance of this jurisdiction with the latest international regulations set by OECD and other international institutions and countries.

At any moment, Damalion may decline any customer demand about this jurisdiction, at its sole discretion and without any obligation to provide any reason.

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