France Company Formation

French Republic

Opening a business in France is a prospect for entering the international market.

With state support,  since 2013, it is possible for foreigners to obtain a residence permit under a simplified scheme for up to four years (French Tech Visa). The opportunity to obtain a business visa to France attracts founders and employees of start-up projects, investors in local innovative companies. According to the terms of the program, an applicant for a residence permit must be an adult (from 18 years old), have no criminal record, have a foreign passport and financial resources.

After registering a company in the French Republic, a foreign businessman can open accounts in European banks, offer their services in the markets of EU countries, and, as there are international agreements with other jurisdictions, avoid double taxation. After the expiration of the 4-year period, the permit can be extended, and subsequently apply for permanent residence and French citizenship.

Conditions for registering a company in France

The right to open a company or buy a business in France for citizens of EU member states and the agreement on the European Economic Area (EEA) is granted according to the standard procedure.

Resident permite

To obtain a residence permit, it is necessary to register at the city hall within three months after arriving in the territory of the republic. The procedure and rules for opening a business by persons from other countries are regulated by the law “On the rights of foreigners”. An online application to the consulate for a long-term visa type D must be submitted before entering French territory.

The next step is to apply for a residence permit of the type “Entrepreneur/freelance profession” valid for one year with the possibility of extension up to four years. Alternatively, a person can request a residence card “Talent Passport”. This permit is issued upon the presence of a real business plan for opening a company in France. Within the framework of the law “On the authorization of the Government to simplify and secure business life” dated January 2, 2014, it is possible to carry out entrepreneurial activities without the need to live in the territory of the state. In the above situation, the applicant must register with the RCS (Register of Commerce and Companies) or the RM (Reference Book of Professions).

Small and medium-sized businesses in France are represented by the following forms:

• Individual entrepreneurship (EI);
• Limited liability company (SARL);
• Limited liability company (SA);
• Simplified joint-stock company (SAS);
• Single-member limited liability company (EURL);
• General partnership (SNC);
• Limited liability partnership (SCA);
• Cooperative production company (SCOP).

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If you wish to register a company in Monaco our team will be happy to help you there and provide you with more detailed information, you can contact us at [email protected]