Share Capital Deposit in France from Algeria: What Is the Procedure?
Entrepreneurs, shareholders and investors residing in Algeria can set up a company in France and deposit its share capital with a French notary.
A notarial deposit is particularly suitable for founders who do not yet have the company’s definitive French business bank account. The office reviews the file before any transfer in order to identify the subscribers, the company being formed and the conditions under which the funds may be received.
The service may concern a SAS, SASU, SARL or EURL. Shareholders may be individuals or, subject to review of the required supporting documents, legal entities established in Algeria.
For an international file, documents relating to identity, ultimate beneficial owners and the source of funds may be requested. Where an Algerian company subscribes to the capital, its corporate documents and information identifying its representatives must also be provided.
The transfer of funds from Algeria must be prepared in advance. The proposed transfer arrangements and available supporting documents are reviewed before the office provides payment instructions. Funds should therefore not be transferred before the file has been approved.
After receipt of the capital and completion of the required checks, the notary issues the certificate of deposit of funds. Where the file is complete, the certificate can be issued within 24 business hours after receipt of the funds.
Once the company has been registered, the funds are released after the required documents have been provided and transferred to the bank account opened in the company’s name.
Chassaint & Cerclé Notaires assists entrepreneurs based in Algeria with their share capital deposits in France. For further information, click here.
Do you assist entrepreneurs setting up companies in France?
Our notarial office works with company formation firms, law firms, accounting firms and professionals assisting businesses with their incorporation or establishment in France to handle recurring share capital deposits, particularly for foreign founders and investors.
