After setting up company consulting services in France

Setting up a company in France is just the beginning of your business journey and brand development. After completing the registration process, businesses will need to carry out a number of other procedures to be able to conduct business activities. Viet An Law would like to guide you through some consulting services after establishing a company in France through the article below.

Consulting services for VAT registration after setting up company in France

Registering for Value Added Tax (VAT) or TVA (Taxe sur la Valeur Ajoutée) is an important and mandatory step for most businesses operating in France. This is a consumption tax applied on goods and services within the European Union (EU).

Why do I need to register for VAT?

• Legal compliance: Registering and paying VAT is a legal obligation of businesses. Compliance helps businesses avoid fines and legal trouble.
• Transactions within the EU: If your business plans to transact with partners within the EU, VAT registration is required to carry out transactions legally.
• Tax deductions: Businesses can be entitled to deductions for VAT paid on input goods and services, helping to reduce operating costs.

Steps to register for VAT

• Prepare documents: Prepare all necessary documents, including:
  • Business Registration Certificate
  • Company Charter
  • Legal representative’s identity document
  • Other papers at the request of the tax authority
• Submit dossiers: Submit VAT registration dossiers online or in person at the tax authority.
• Get a VAT ID: After completing the procedure, you will receive a VAT ID.

Consulting services for registration with social security organizations after setting up company in France

In France, there are many different social security organizations, depending on the type of business and the industry in which they operate. However, there are some key organizations that businesses can apply for including:

• URSSAF (Union de Recouvrement des Cotisations de Sécurité Sociale et d’Allocations Familiales): This organization is responsible for collecting social security contributions from businesses and employees.
• CPAM (Caisse Primaire d’Assurance Maladie): This organization administers health insurance for workers.
• CARSAT (Caisse d’Assurance Retraite et de la Santé au Travail): This organization administers pension insurance and occupational accident insurance.
• Pôle Emploi: This organization administers unemployment insurance.

Steps to apply

• Identify the organizations that need to register: Depending on the type of business and the line of operation, you need to identify the social security organizations that you need to register.
• Prepare documents: Prepare all necessary documents, including:
  • Business Registration Certificate
  • Company Charter
  • Legal representative’s identity document
  • Other documents required by each organization
• Application: Submit the application online or in person at the offices of social security organizations.
• Get a registration number: After completing the procedure, you will receive a registration number from social security organizations.

Consulting services for filing post-incorporation reports in France

Types of reports to be performed:

Businesses need to make many different types of reports, depending on the type of business, business line and legal regulations. Here are some common types of reports:

• Financial statements: Financial statements (reports on business results, cash flow reports, reports on financial situation) need to be made and submitted periodically to tax authorities and other state management agencies.
• Tax reporting: Enterprises need to declare and pay taxes in accordance with the law (value-added tax, corporate income tax, personal income tax,…).
• Labor report: Enterprises need to report on the situation of labor employment, salaries, social insurance and other labor-related issues to state management agencies.
• Statistical reports: Enterprises need to make statistical reports at the request of statistical agencies.