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Having the small however impactful phrase ‘Paris’ hooked up to your model or enterprise can do wonders to your advertising technique. However it’s not simply vogue designers who want the mark of France’s capital metropolis on their labels and enterprise playing cards. International buyers from everywhere in the world – particularly merchants within the European export/import business – often come to Paris to open a department in France in an effort to stamp their presence on the French market.
Establishing a department out of the country is a comparatively simple course of. Because it’s an extension of an present (dad or mum) firm it has no separate authorized id and studies on to its dad or mum firm and as such the dad or mum firm is financially accountable.
Associated article: Begin A Enterprise In France in 8 Steps
To open a department of a overseas firm in France, you will want assist from a firm formation agent who can kind out all of the paperwork for you. The very first thing they’ll do is kind out a registered workplace or premises in Paris (or another French area you want to do enterprise in) and register the department with the Commerce Registry. They may assist you to to collate numerous paperwork which can must be translated by a licensed French translator. These embrace:
- Memorandum and Articles of Affiliation of the dad or mum firm.
- copies of the Certificates of Incorporation
- utility to register a department
To verify the accounting aspect of the enterprise is right, the department should even be registered for VAT (TVA in France) and a supervisor or director ought to be appointed to run the department.
In case you require a extra everlasting place in France, you even have the choice of establishing a subsidiary as a substitute – resembling a SARL (restricted legal responsibility firm), EURL (single proprietor restricted legal responsibility firm), SA (public restricted firm) or SAS (simplified joint inventory firm).
Associated article: What is the distinction between a SARL, SAS, SA, EURL & Micro-Entreprise?
In these circumstances, the subsidiary’s capital is owned by the dad or mum firm however the subsidiary is an autonomous entity ruled by French regulation. As such the subsidiary acts totally in its personal identify with solely normal administration by the dad or mum firm and in flip the dad or mum firm isn’t accountable for the subsidiary’s monetary points or money owed.
In case you want extra data on firm and department formation, registering a brand new enterprise in France, opening a checking account in France or discovering an English talking French Chartered Accountant, please click on obtain our free information beneath, and both name us instantly on 0033 (0)1 53 57 49 10 or electronic mail us from our contact web page and we’ll be blissful to debate your necessities.