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France, in Top of Countries where is Easy to Do Business in

Written by: Bridgewest

Company-formation-guidelines-in-FranceForeign investors interested in doing business in France can take advantage of the guide put at their disposal by the World Bank which issued the 2017 Doing Business Report in which the company registration process is detailed. Foreign entrepreneurs seeking to open a company in France can read below some of the new aspects related to creating a business in this country.

The French company formation procedure is quite simple

The World Bank announces France is one of the easiest countries in Europe to do business in thanks to the fast business incorporation procedure through the one-stop shop, how the Center of Formalities for Companies (CFE) is known.

The new company registration procedure in France, as recommended in the Doing Business Report, implies the following steps:

  • -          preparing a business plan;
  • -          carrying out a market research or feasibility study;
  • -          applying for public or private funding;
  • -          reserving a company name and choosing a business address;
  • -          naming the company officers;
  • -          depositing the share capital and opening the bank account;
  • -          preparing the company’s statutory documents and filing them with the CFE;
  • -          enlisting the employees with the social security authorities.

Another recommendation coming from the World Bank is for business owners to insure their company.

Our company formation consultants in France can assist those interested in starting a business in this country.

Special authorizations when setting up a company in France

The report draws attention that this year, several new sectors require special authorization from accredited institutions upon the registration of a company. The following industries require special permits and licenses:

  • -          gambling activities, except for casinos;
  • -          research and development activities;
  • -          private security services;
  • -          certain fields of the IT industry, such as security audit and IT systems certification;
  • -          encryption and decryption activities;
  • -          weapons manufacturing activities.

Foreign enterprisers interested in establishing a company in France can also choose between the types of structures which can be explained by our local agents. If you need assistance in creating a business in France, do not hesitate to contact our company formation consultants.

 

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