France - Societe a Responsabilite Limitee (Sarl) Company Formation
A French Societe a Responsabilite Limitee (Sarl) is the equivalent to a Limited Liability Company. This means that the shareholders responsibilities for the company’s financial liabilities are limited to the value of shares that they own.
France is very liberal about which company names are allowed. Most company names are allowed so long as it is not used by another company in the same industry. We will check your chosen company name with the Register of the Commercial Courts and the Institut National de la Propriété Industrielle.
A French Sarl is required to have a registered agent and a registered address where all official correspondence is sent. These are both provided as part of our incorporation service.
A French company only requires one person to act as a director, this person may be of any nationality and may not be a corporate entity. Director names are filed on the public register.
A French company only requires one person to act as a shareholder. This person may be of any nationality and may be a corporate entity, with a maximum total of 50 shareholders. Shareholder names are filed on the public register. No annual general meeting of shareholders is required if there are less than 25 shareholders.
The minimum fixed share capital of a French Sàrl is rounded up to an amount which is easily divisible, with a minimum paid up capital of 1 EUR. The amount chosen is held with the notary, a bank or in a Caisse de Dêpot during the course of the formation of the company.
A Sarl is required to file an annual return, register of officers and accounts. An audit can be expected, although only in some cases.
The incorporation of your new company takes between one to two weeks from the moment we have your proof of address and I.D. Please note the company will not be ready for trading until a bank account is established and the share capital paid up.
Proof of Identity
As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.
A visit to France is not required for the formation of a new company. Where French banks are concerned, a bank visit will be required.