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Company formation in France

France has a relatively high corporate tax rate for trading income (approx. 34%) and the tax authorities do not tolerate France company transactions related to companies from traditional tax havens. Nevertheless, a France company’s prestigious status can be used to your advantage, for example, to purchase and hold brand names.

French company key features

  • Minimum share capital is €2 but banks require more than this figure in order to set up an account. The traditional share capital has been €8,000 but a minimum amount could be deposited of around €4,000.
  • Minimum number of directors is one.
  • Non EU directors must  apply for the government authorization
  • All French entities must now have regulatory books (Accounting, Stock, Minutes) that must be certified by Companies house. These books must be kept by the company or the accountant.
  • Shelf Companies with VAT available. Ask now.