Company formation in France is a viable opportunity for entrepreneurs looking to expand their business globally as it has the fifth largest economy in the world and is known for best labour productivity. Additionally, its per capita income from the service and goods sector is deemed to be one of the highest in Europe. The globalisation of the French economy is an established fact, which can be measured by the dynamic nature of its trade with Europe and the rest of the world. Let's have a look at the reasons why company formation in France is popular.
France comprises the second largest population density in Europe
It has an excellent purchasing power
It has a competitive market and offers exciting business opportunities to foreign investors
The French workforce is qualified and productive
France comprises of one of the most well designed and efficient transport networks in the world providing a fast and reliable way to transport and deliver goods
France is located in the heart of Europe and shares its borders with Belgium, Germany, Luxembourg, Switzerland, Italy and Spain. France also has direct links to the UK, Algeria and Tunisia. This strategically placed location offers international organisations a great opportunity to sell their products in the European Market.
REQUIREMENT TO OPEN A COMPANY
Minimum 1 Shareholder is required (any nationality)
No requirement of Director, instead 1 manager is to be appointed by the shareholders who must be a resident of the member state of European Union
Minimum Share Capital of 1 Euro
Registered Office Address
At least 2 Completed copies of Application Form, Articles of Association and other documents signed by all the shareholders
A Certificate issued by the bank certifying that the amount of initial share capital has been paid up by the shareholders
Copy of notice published in the appropriate journal for company formation in France
Passport Copies of the shareholders along with a declaration stating absence of any criminal record against them