Foreign investors coming to France have several options to set up their own business. While most of them choose to register a company from scratch, some of them decide to buy ready-made companies. The other option is to buy shares in a company. Each option has its advantages and ultimately it is up to the businessman to decide to best way to go.
Our company formation representatives in France can assist foreign enterprisers in starting a new business in this country.
The ready-made or shelf company is a business that has been registered sometime in the past and at the moment of the purchase it is “on a shelf”. Ready-made companies are often called aged companies. This process of buying shelf companies in popular all over the world, including in France. The main reasons that foreign entrepreneurs buy shelf companies in France is that they are no longer required to go through the company registration process.
The French shelf company is registered with the Trade Register and with the tax authorities, therefore no other incorporation formalities need to be completed. The purchase of the company is done by drafting a sale-purchase agreement which is duly notarized, followed by the actual transfer of the shelf company to the new owner. It must be taken into consideration that depending on the activities to be carried out, the new owner could be required to apply for business licenses related to the activity to be carried out.
You can also watch the video below if you want to buy a shelf company in France:
Apart from the obvious reason of being already registered, buying a French shelf company implies many other benefits. Ready-made companies come with registered addresses, corporate bank accounts and tax identification and VAT numbers.
The new owners may also amend the French shelf companies’ statutory documents and appoint new managers or directors and can even incorporate the history of an older business in the ready-made company.
For information about all the advantages of buying a shelf company in France or assistance with the purchase, you can rely on our company registration agents. You can also contact us if you want to open a new company in France.