France is a country where innovation meets tradition, offering a dynamic environment for business growth. From its robust economy to its world-class infrastructure, France has earned its place as one of Europe’s most attractive destinations for foreign entrepreneurs. If you’re looking to establish a company that offers flexibility, scalability, and investor appeal, the Société par Actions Simplifiée (SAS) is a perfect choice. Whether you’re starting a new company or growing your existing business, the SAS structure provides a solid foundation for success.
The SAS has become the go-to business entity for savvy entrepreneurs, offering unparalleled governance flexibility and legal protections. By 2022, more than 65% of newly formed companies in France were registered as SAS, a testament to its popularity. In this article, we’ll walk you through everything you need to know to register a SAS company in France, from requirements to benefits, ensuring a smooth incorporation process.
Let’s explore why registering a SAS company in France is one of the smartest moves for your business expansion in Europe.
What is an SAS Company in France?
A Société par Actions Simplifiée (SAS) is a simplified joint-stock company designed to provide entrepreneurs with maximum flexibility in managing their business. Introduced in 1994, the SAS allows shareholders to draft customized bylaws that define how the company is governed, including decision-making processes, profit-sharing, and voting rights.
The SAS is particularly suited for businesses aiming to attract investors, as it offers fewer restrictions than the SARL (limited liability company). With no upper limit on the number of shareholders and the ability to issue various classes of shares, the SAS is ideal for startups and larger corporations alike.
Benefits of Registering an SAS Company in France
Why should you choose the SAS structure? Here are some key advantages:
- Flexible Governance: Shareholders can design bylaws that cater to the company’s unique needs.
- Limited Liability: Protects personal assets by limiting liability to the amount of share capital.
- Investor Appeal: Simplified share issuance and management make it attractive to venture capitalists and private equity firms.
- Tax Efficiency: Offers the option to choose between corporate tax (IS) and personal tax (IR), depending on the company’s size and structure.
- Scalability: Perfect for businesses looking to scale rapidly, with no cap on the number of shareholders.
Requirements to Register a SAS Company in France
To register a SAS, ensure you meet these criteria:
- Partners: An SAS must have at least 2 partners who can be an individual or a legal entity.
- President: Every SAS must appoint a president as the legal representative.
- Share Capital: Minimum share capital is €1, making it available to companies of all kinds.
- Registered Address: A legal address in France is required.
- Bank Account: Set up a professional bank account in France to deposit share capital.
Step-by-Step Process to Register an SAS Company in France
Choose a Business Name:
Ensure the name is unique by searching the INPI database.
Draft Articles of Association
The articles of association of the company define the company’s governance structure, shareholder roles, and decision-making processes.
Appoint a President
The president represents the business in all administrative and legal affairs.
Deposit Share Capital
Open a French corporate bank account and deposit the share capital to obtain a deposit certificate.
Publish a Notice
Announce the company’s incorporation in a legal journal (Journal d’Annonces Légales).
Register with the Commercial Court
Submit the necessary paperwork to the Centre de Formalités des Entreprises (CFE) for entry into the Trade and Companies Register (RCS).
Documents Needed to Register an SAS Company in France
- Valid ID or passport of shareholders and the president.
- Proof of address for the firm’s registered office.
- Drafted Articles of Association.
- Declaration of Beneficial Ownership.
- Bank deposit certificate.
- Proof of publication in a legal journal.
Can Foreigners Register an SAS Company in France?
Absolutely! France welcomes foreign entrepreneurs with open arms.
Here’s what you need to know:
- No Residency Requirement: Shareholders or the president do not need to reside in France.
- Local Address: A registered office in France is mandatory. Virtual office services are a viable option.
- Visa Requirements: While incorporation doesn’t require a visa, managing the business may require a business visa or residence permit.
SAS vs SASU: What’s the Difference?
The SAS (Société par Actions Simplifiée) and SASU (Société par Actions Simplifiée Unipersonnelle) share many similarities but differ in terms of the number of shareholders and intended use:
Number of Shareholders:
A SAS must have at least two shareholders, making it an excellent choice for partnerships and businesses that want to involve multiple investors. In contrast, a SASU is designed for single-shareholder businesses, often preferred by solo entrepreneurs.
Governance Flexibility:
Both structures allow shareholders to draft customized bylaws. However, an SAS is often better suited for companies planning to scale or bring in external investors, as it supports complex shareholder arrangements.
Legal and Taxation Features:
Both structures benefit from limited liability and can choose between corporate tax (IS) or personal tax (IR). The SASU is often seen as a stepping stone, as it can easily convert into a Société par Actions Simplifiée when additional shareholders are added.
Suitability:
The SAS is ideal for larger businesses or those anticipating rapid growth, while the SASU is perfect for freelancers, consultants, or solo entrepreneurs seeking a corporate structure.
Both options provide robust legal protections and flexibility, making them highly appealing for different types of businesses depending on their goals and size.
Conclusion
Registering an SAS company in France can provide entrepreneurs with a plethora of opportunities. Whether you’re an innovator with a groundbreaking idea or an established entrepreneur expanding your global footprint, the SAS structure offers the flexibility and support you need to succeed. France’s pro-business policies, skilled workforce, and strategic location at the heart of Europe make it the perfect location for your next venture.
Take the leap today and join the thousands of entrepreneurs who have chosen France as their business home. Connect with our experts to establish a successful company in one of Europe’s most vibrant economies.
FAQ’s
The minimum share capital for a SAS is just €1, making it highly accessible.
No, the process can be handled remotely, but you’ll need a registered address in France.
You must file annual financial statements, maintain accurate records, and comply with tax filing requirements (corporate tax and VAT).
