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Establish a Cryptocurrency Company in France

Updated on Wednesday 13th December 2017

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Establish-a-cryptocurrency-company-in-FranceFrance is one of the most advanced countries in Europe when it comes to offering competitive financial services to natural persons and companies. Also, France was the first country in the world to open the largest innovation center dedicated to startup companies developing new technologies for everyday use. One these technologies is related to the use of digital money, also known as cryptocurrency which in France is regulated since 2014.

Those who want to start cryptocurrency businesses in France can do so in a well-regulated environment which provides for the operation, taxation and exchange of digital money.

Our company formation consultants in France can offer information on the legislation applicable to cryptocurrency companies.

How to register a cryptocurrency business in France

Establishing a French cryptocurrency company does not imply any special process; therefore, the company registration process will be carried out the same as for other type of financial company. Also, there are no special licenses to be obtained when opening this type of company.

Our company registration agents in France can guide you through the registration procedure of a cryptocurrency business.

Regulations related to the cryptocurrency sector in France

Those who want to start cryptocurrency companies in France should know the government is planning to adopt new measures which allow for the adoption of digital money, such as the bitcoin. For this purpose, the National Bank of France is also preparing to install cryptocurrency ATMs.

Until now, cryptocurrencies were used to trade mainly on e-commerce platforms. The current regulations also provide for the following:

  • -          the existence of a cryptocurrency market;
  • -          digital monies are subject to the capital gains tax;
  • -          transactions with cryptocurrencies must be transparent.

The new regulations which are currently under work provide for encouraging startups to create blockchain technology, France seeking to become a “Startup Nation”.

Foreign entrepreneurs interested in investing in the fintech industry are welcome to establish cryptocurrency companies in France. If you need assistance with the company registration process, please contact our French representatives.

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