Business Creation And Further Support

Choose a Business Structure

  • Decide on the legal structure of your company. The most common types include:
  • Sole Proprietorship (Entreprise Individuelle): Owned and operated by one individual; simple to set up but offers limited liability.
  • Limited Liability Company (Société à Responsabilité Limitée - SARL): A popular choice for small businesses; combines flexibility with limited liability.
  • Simplified Joint Stock Company (Société par Actions Simplifiée - SAS): Suitable for startups; offers flexibility in management and shareholder structure.
  • Public Limited Company (Société Anonyme - SA): Designed for larger businesses; requires a minimum capital and is more regulated.
   Develop a Business Plan
  • Create a detailed business plan outlining your business concept, market analysis, financial projections, and operational strategies. This will be crucial for securing financing and guiding your business operations.
   Choose a Company Name
  • Select a unique name for your company. You must ensure that it complies with French naming regulations and is not already registered. You can check the availability of your desired name via the Institut National de la Propriété Industrielle (INPI) website.
   Prepare Required Documents
  • Gather the necessary documentation, which may include:
  • Identification documents (passport, residence permit).
  • Proof of address (utility bill, rental agreement).
  • Business plan.
  • Company statutes (bylaws).
  • Proof of capital contribution (if applicable).
   Open a Business Bank Account
  • Open a dedicated bank account in France for your business. Deposit the required share capital, which varies based on the business structure:
  • SARL: Minimum capital of €1 (though a higher amount is recommended for credibility).
  • SAS: Minimum capital of €1 (but often a higher amount is required).
  • SA: Minimum capital of €37,000.
  • You will receive a bank certificate confirming the deposit of capital, which is needed for registration.
   Draft Company Statutes
  • Prepare the company statutes (bylaws) that outline the company’s operating procedures, management structure, and rules. This document must be signed by the founders.
   Obtain Necessary License & Permits
  • Depending on your business activities, you may need specific licenses or permits (e.g., for regulated professions, food businesses, etc.). Research and apply for these as needed.
   Register Your Company
  • Register your company with the Centre de Formalités des Entreprises (CFE). You will need to submit:
  • Completed registration forms.
  • Company statutes.
  • Proof of bank capital deposit.
  • Identification documents.
  • Address proof.
  • Upon successful registration, you will receive a K-bis extract, which serves as the official registration certificate and proof of your business’s legal existence.
   Register for Taxes
  • Register with the Direction Générale des Finances Publiques (DGFiP) for tax purposes. You will receive a SIRET number, which is essential for tax identification and invoicing.
   Setup Accounting & Record-Keeping
  • Establish a system for accounting and bookkeeping to ensure compliance with French financial regulations. Consider hiring a professional accountant or using accounting software.
   Comply With Labor Laws (if hiring)
  • If you plan to hire employees, you must comply with French labor laws, including registering with social security and unemployment insurance organizations.
   Consider Additional Obligations
  • Insurance: Depending on your business type, consider obtaining necessary insurance (e.g., liability insurance).
  • Compliance: Ensure compliance with health and safety regulations, especially if applicable to your business sector.