Indo-French relations: How Indian businesses can set up a company in France

Indo-French relations: How Indian businesses can set up a company in France

As the President of France Emmanuel Macron will be on a state visit to India on Jan 25th – 26th January 2024, as the Chief Guest of India’s 75th Republic Day celebrations at the invitation of Prime Minister Narendra Modi, here’s a quick look at the key things to know for businesses to looking to set up a company in France:

As the President of France Emmanuel Macron will be on a state visit to India on Jan 25th – 26th January 2024, as the Chief Guest of India’s 75th Republic Day celebrations at the invitation of Prime Minister Narendra Modi, here’s a quick look at the key things to know for businesses to looking to set up a company in France:

Choose the appropriate business structure based on the entity's requirements.

Choose the appropriate business structure based on the entity's requirements.

Business Structure Selection

Name Verification

Name Verification

Ensure the uniqueness and non-offensiveness of the business name by checking it on the Commercial Court Registry and the French Patent and Trademark Office website.

Ensure the uniqueness and non-offensiveness of the business name by checking it on the Commercial Court Registry and the French Patent and Trademark Office website.

Bank Account Opening

Open a business account (in the city you want to base yourself on) to deposit the share capital, facilitating financial transactions and overall financial management.

Open a business account (in the city you want to base yourself on) to deposit the share capital, facilitating financial transactions and overall financial management.

Business Registration

Submit the registration application on the Centre de Formalités des Entreprises website.

Submit the registration application on the Centre de Formalités des Entreprises website.

Legal Incorporation Notice

Legal Incorporation Notice

Announce the company's incorporation in a regional newspaper.

Announce the company's incorporation in a regional newspaper.

Identification Numbers

Receive SIRET, SIRENE, and NAF identification numbers, crucial for enterprise recognition.

Receive SIRET, SIRENE, and NAF identification numbers, crucial for enterprise recognition.

Business Plan Development

Initiate the business plan creation process, outlining the mission statement and vision for the company.

Initiate the business plan creation process, outlining the mission statement and vision for the company.

Company Registration

Complete necessary paperwork and submit it to relevant government agencies for official registration, obtaining a unique SIRET number.

Tax Compliance

Tax Compliance

Understand and comply with French tax regulations; seek guidance from local accountants or tax consultants.

Understand and comply with French tax regulations; seek guidance from local accountants or tax consultants.

Market Research

Conduct comprehensive market research to gauge product or service demand in France, analyze competition, and identify the target audience.

Image source : Pixabay

Disclaimer: The content is for informational purposes only and should not be construed as advice.

Disclaimer: The content is for informational purposes only and should not be construed as advice.