What are the requirements for Business Corporation(SA)company in France?

[richardm1964]

France has been slower than many of its EU counterparts to embrace a truly liberal business pattern. But the minimum share capital needed for SA company in France is €37,000, of which at least half must be paid up. The company must have at least seven shareholders. What are other requirements for Business Corporation(SA)company in France?

 

[clemens]

Thank you richardm1964 😉 Does the share capital need to be paid up, I mean EUR‌ 37.000 is a lot of money, put this on risk needs very deep pockets?

Also isn't there are work around of the many shareholders for a France company? 7 people,‍ you must know very well to invite the to join your company and have some⁠ power....

I think there is a good reason for why business people from France should⁤ look in the direction of a offshore company, much cheaper and easier.... further it provides⁣ a way better protection of your assets.

 

[rotaro]

Would have been nice to get an answer to this question, any other who can‌ supply with something?

 

[clemens]

Maaaaaan it is difficult to find the answer to this on google, however here is‌ what I found, the required share capital for a SARL is EUR 15.000

 

[OAEC]

Half the share capital needs to be paid up. There is no way to work‌ around the 7 Shareholders Rule.

French people who set up Offshore will have problems with‍ the French Tax Authorities.

 

[eromawyn]

It's true that a French SA requires 7 shareholders and a lot of capital. But‌ there are other kind of companies in France. Most common is SARL ; 1 shareholder‍ and 1 € (When there is only one shareholder, a SARL is sometimes called an⁠ EURL, but otherwise, there is no difference with a SARL).

SA is a bit like⁤ a PLC in UK, for bigger companies.