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Demystifying Business Creation in France

Posted by Bakerville2 - Created: 15 years ago
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5 replies (Showing replies: 1 to 5)

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Posted by pub.valbonne - 15 years ago

if I may, cotisation on year 1 isn't beeing waived but only deffered. Basically they give you "some breathing space" but will get you later ... re 1euro company - only attractive if you don't need to borrow money, otherwise the bank won't play the game if you have nothing to put down as a guaranty. you are in France so all advise will come with a bill unlike in Britain where it is free !! Think twice before setting up in France, a UK +succursal in France is to consider...

Good luck, Anne

 

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Posted by mike-179830 - 15 years ago

I don't have any Internet references to hand, I'm afraid.

Talk to an appropriatelly-qualified accountant for the full details, but what I've heard from some specialists is that you pay nothing for the first year, get assessed at the end of that year, and pay 20% of the due amount per year for the next five years (on top of the cotisations that you have to pay for years 2-6 anyway). I'll see if I can find chapter and verse online, but the advice to speak to a profesional in the field still stands!

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Mike

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Posted by munchkin-191066 - 15 years ago

Mike

Hello..could you tell me where to find the info on cotisations being waived for 1st year of creation...I've found plenty of sites re. the 1€ apport but can't find ANYTHING about the new cotisation law from January. Where would I go to get confirmation on this?

thanks

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Posted by mike-179830 - 15 years ago

AngloINFO (UK) Limited has a fully-registered succursale (branch office) for its sales operation in France (complete with RCS registration, TVA number, etc.).

Business creation in France is getting simpler, incidentally. You can now create a SARL with €1 of capital, and as of January 2004 you don't pay cotisations during the first year's trading. A suitably-qualified accountant can advise whether that is the way to go, or whether it is better to be a micro-business first.

And remember that companies don't have limited liability; the shareholders of the company do.

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Mike

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Posted by apu - 15 years ago

this is simple...unless you are sure that you will make money do not set up anything...the state will take money from you from the first day...

also you should try to be a mirco-company...just a one man band for as long as legally possible...this will stop the french goverment breeding your company to death...

or try what angloinfo did register in the uk...i am not sure how they declare there advertising sales in france...opps watch out this answer will now be deleted...

the chamber of commerce do one and 5 day course for creating business plans...it is well worth the money...you must speak french or go along with a french speaking buddy...