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A Guide To Starting A Company In France
By David Appia |
November 25, 2010, Thursday
|
Print Edition
Print Edition
IN a very useful and efficient way, all the necessary formalities for setting up a new company or enterprise in France can be dealt with in one place: the "Centre de Formalit's des Entreprises," or CFE. This center takes charge of all documents required to set up, change or close down companies and delivers them to the relevant authorities.
A foreign company that wants?to prospect for business in France and promote its products can start by having a single employee or by opening?a liaison office to reduce administrative procedures. This option involves a particular tax and company status. Foreign companies may also employ sales representatives or the use the services of a?sales agent.
Companies can set up a subsidiary to get incorporated under the French law, and it offers certain advantages such as companies don't have to bear unlimited liability for the debts of their French structures and their subsidiaries are entitled to renewable commercial leases. And subsidiaries may apply for government assistance when starting up or expanding.
(The author is David Appia, chairman and chief executive officer of French Ambassador for International Investment.)
A foreign company that wants?to prospect for business in France and promote its products can start by having a single employee or by opening?a liaison office to reduce administrative procedures. This option involves a particular tax and company status. Foreign companies may also employ sales representatives or the use the services of a?sales agent.
Companies can set up a subsidiary to get incorporated under the French law, and it offers certain advantages such as companies don't have to bear unlimited liability for the debts of their French structures and their subsidiaries are entitled to renewable commercial leases. And subsidiaries may apply for government assistance when starting up or expanding.
(The author is David Appia, chairman and chief executive officer of French Ambassador for International Investment.)
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