Online shopping has increased a lot during the last several years in France. This is because of the good internet infrastructure the country has, but also because most of the population use credit cards to pay for their shopping, no matter whether done in a traditional or online store. At the moment, French residents’ preferred payment methods are credit cards in a proportion of 57%, 25% prefer to pay using electronic transfer methods and only 2% of the population pays using cash.
Those who want to open an e-commerce business in France should know that this country hosts one of the greatest number of startups in the world. Our company formation agents in France can assist with the registration of a business.
Those interested in starting online shops or other types of e-commerce businesses in France will be glad to know that this industry rose by close to 15% in 2016 compared to the previous year. In numbers, e-commerce reached 72 billion euros last year, which is one of the best results registered at European level.
Also, not only locals buy goods from online stores, as the number of foreigners ordering goods online from French e-commerce companies is also on the rise. At the moment, there are more than 120,000 online stores operating in here, making France the 6th largest e-commerce market in the world.
Our French company formation consultants can explain the legislation related to opening an e-commerce business here.
Setting up an e-commerce platform will imply registering a company in France. The same process which requires preparing incorporation documents, filings with the Trade Register and obtaining tax and VAT numbers are mandatory.
However, there are also a few other steps which must be completed, and these are:
The marketing phase of the e-commerce business must not be forgotten when operating on a such large market like the French one.
If you want to set up an e-commerce business in France and need assistance, we remind you that you can rely on us for the company registration procedure, so please feel free to contact us.