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What's to stop you

Posted by lob-189383 - Created: 13 years ago
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setting up a branch of an Irish or English company down here? Shirly with us being in the lovely EU this is possible?Thanks,Lob

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6 replies (Showing replies: 1 to 6)

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Posted by mike-179830 - 13 years ago

Tiger traps? That really depends on the nature of the business (and of the "parent" business). There are so many variables. For some businesses a succursale is an excellent option; for others it might be wildly inappropriate and a subsidiary SARL/EURL (carrying its own limited liability for shareholders) may be more appropriate - you really need to get professional advice. 

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Mike

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Posted by weezer - 13 years ago

lob, my experience was same was much as Mike describes - very straightforward, inexpensive process - however, be aware that in order to "...satisfy all the same requirements as a French one" there is a steady stream of payments to be made.

These are not overwhelming as long as you are aware have budgeted for them: URSSAF, TVA, Soc Security, and if you have staff them it's ASSEDIC and ANPE too. An accountant should be able to help you.

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Posted by lob-189383 - 13 years ago

thks mike - sounds pretty painless - am looking to set up the french division of a friend's uk company. want to have as little outlay as possible to test the water as it's something noone does in france.any large tiger traps you are aware of? - sounds to me like the sensible solution when setting up a french company is about as easy as untying the gordian knot.

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Posted by mike-179830 - 13 years ago

The main setup costs (assuming you have an existing overseas company) are:

getting a registered office in France (siège social) if you haven't got one. If you don't want to have actual offices, lots of companies offer domicilation for about €20 per month or so.getting your overseas company's statutes (M & A, in other words) and registration certificate translated by an official, court-approved translator - say €150-200.Paying the registration fees and the Chambre de Commerce's fee (roughly €150 total, if memory serves).If you use an accountant to do all of this for you (optional - you can walk into the Chambre de Commerce if your French is up to it), then you will need to pay them their fee.

Running costs wil depend on the nature of your business.

After you put in your application, the various numbers you need (RCS, TVA...) trickle in over a couple of weeks.

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Mike

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Posted by lob-189383 - 13 years ago

you have any idea how much all this takes and costs?

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Posted by mike-179830 - 13 years ago

Absolutely nothing. The branch office is called a succursale. You register it with your local Chambre de Commerce for RCS, SIRET and APE numbers, pay French corporation tax on all profits generated in France (and other French charges, just like a SARL), your locally-resident staff are on French contracts (and pay French social charges, as do you as employer), you register for (and charge) French TVA and so on.

Essentially, it is completely straightforward for an overseas (especially EU) business entity to trade in France; it merely has to satisfy all the same requirements as a French one.

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Mike