Doing Business in France - RSM International

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1.4 Local Customs The French enjoy 11 national holidays (jours fériés), and, under the law, five weeks of paid vacations annually. The months of July and August are traditionally when the French take their holidays. Public Holiday 2012 2013 2014 New Year’s Day January 1 January 1 January 1 Easter Monday April 9 April 1 April 21 Labour Day May 1 May 1 May 1 1945 Victory Day May 8 May 8 May 8 Ascension May 17 May 9 May 29 Whit Monday (Pentecôte) May 28 May 20 June 9 Bastille Day July 14 July 14 July 14 Assumption August 15 August 15 August 15 All Saint’s Day November 1 November 1 November 1 Remembrance Day November 11 November 11 November 11 Christmas Day December 25 December 25 December 25 Only Labour Day (May 1st) is a public holiday by statute. The rest of the holidays are granted by convention collective (agreement between employers’ and employees’ unions) or by agreement of the employer. 6 | DOING BUSINESS IN FRANCE
2 Types of business organisations 2.1 Introduction In France, an entrepreneur can choose between two kinds of legal structure: sole trader (entreprise individuelle) and partnerships/company (société). There are two kinds of entities in France, civil (mainly restricted to either professional services or real estate activities) and commercial ones (engaged in trade or businesses). A sole partner may also choose to run a business without creating a company. Regarding the partner responsibility, several kinds of commercial companies can be used as corporate veils in order to protect the partners’ personal assets in case of bankruptcy. Depending on the form of the company, the rules applicable may be different and cover the following subjects: • Structure of the management and managers’ level of power, • Shareholders meeting quorum and majority rules, • Minimum capital required, • Sale of shares to third parties, • Audit requirements. 2.2 Formation of a Company Unlike other countries, in France, the rules, rights and obligations are the same for all companies whether they are French or foreigners. There are numerous types of company structure which are provided by French commercial and civil Law, however today the great majority of trading entities in France have taken the form either of a: • Entreprise Individuelle - One man business - EIRL • Société Anonyme (S.A.) - Corporation • Société à Responsabilité Limitée (S.A.R.L. / E.U.R.L. ) – Limited liability company • Société par Actions simplifiée (S.A.S. / S.A.S.U.) – Simplified joint stock company • Société en non collectif (S.N.C.) – General partnership • Société civile (S.C) – Civil company DOING BUSINESS IN FRANCE | 7
Page 1 and 2: Doing Business in France
Page 3 and 4: Foreword RSM International RSM Inte
Page 5 and 6: Contents 1 General Information 4 Ge
Page 7 and 8: Lake Cap-de-Long in Hautes, Pyrenee
Page 9: The legislative branch is composed
Page 13 and 14: 2.2.1.2 Private Limited Company und
Page 15 and 16: 2.2.2.3 Simplified Join Stock Compa
Page 17 and 18: 2.3 Dissolution and liquidation of
Page 19 and 20: 3 Employment Labor relations are go
Page 21 and 22: 3.4 Termination of the employment c
Page 23 and 24: 3.6 The social security system Fran
Page 25 and 26: 3.7.3 Employee treatment in France
Page 27 and 28: Group treatment Incentives Anti-avo
Page 29 and 30: 4.2.3 General Expenses General expe
Page 31 and 32: 4.2.5 Controlled Foreign Company (C
Page 33 and 34: 4.2.7.1.2 Withholding tax on intere
Page 35 and 36: Croatia 0 0 0 15 0 0 0 Cyprus 0 3 0
Page 37 and 38: Switzerland resident control13 non-
Page 39 and 40: Secondly, if the amount of interest
Page 41 and 42: 4.2.10.2 World tax consolidation Re
Page 43 and 44: 4.4.2 Research and development (R&D
Page 45 and 46: La Défense - the main business dis
Page 47 and 48: 4.6.1.2 Establishment of overall in
Page 49 and 50: 4.6.2.3 Calculation Net wealth tax
Page 51 and 52: 4.7.2.2 Apprenticeship tax (taxe d
Page 53 and 54: 5 Accounting regulations & standard
Page 55 and 56: St. Stephen’s Cathedral, Vienna S
Page 57 and 58: 5.8 Adoption of IFRS in France The
Page 59 and 60: Lyon/South East France RSM CCI Cons
Page 61 and 62:
Notes
Page 63 and 64:
Palais de la Bourse, Bordeaux DOING
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Doing Business in France - RSM International

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