Retail is one of the most prolific economic sectors in France as the population’s purchase power is a high one. One of the segments of the retail industry is the fast-moving consumer goods (FMCG) sector which represents an important share of the products bought by individuals living in France. It should also be noted that FMCG products are categorized according to the International Standard Industrial Classification.
Among the most sold FMCG products are foodstuff, drinks, cosmetics and even over-the-counter drugs. Opening a company in the FMCG sector in France can bring substantial income to owners of such businesses.
Our French company formation consultants can offer more information on the FMCG industry.
Starting a business in the FMCG industry in France begins at the local Commercial Register in the city where the activity will be carried out. It should be noted that depending on the type of business one intends to open, for example a shop, a drug store or a mini-market, the owner must register the company with the specific office of the Chamber of Commerce. Our company registration agents in France can guide you through the company formation process and will also help you with the paperwork which must be submitted with the authorities.
As seen above, there are many products which can be considered as fast-moving consumer goods and depending on the profile of the company, various licenses must be obtained with the authorities. Considering some products are imported, an import license and a certificate of origin will be required when opening a company in the French FMCG sector.
Retail stores must also apply for certain licenses with the city hall in order to be able to sell their products on the chosen premises. The requirements are more stringent for companies selling foodstuff categorized as FMCG as it considered non-durable and specific licenses must be obtained. These products must also be labeled accordingly.
We recommend outsourcing accounting services for your company in France. Thus, you can collaborate with one of our accountants in France and find out as much information as possible about payroll, bookkeeping, debt monitoring, tax registration, audits, and more. We are here to help you with the preparation of annual financial statements, an extremely important accounting procedure.
For full information on how to establish a company in the FMCG industry, do not hesitate to contact our company formation representatives in France. Our French agents can also guide you through the company formation process.