Share Capital Deposit in France from India: What Is the Procedure?
Entrepreneurs and investors residing in India can set up a company in France and deposit its share capital with a French notary.
Using a notary makes it possible to deposit the capital without waiting for the company’s definitive French business bank account to be opened. Before any transfer, the office reviews the articles, the list of subscribers and the documents concerning the parties involved.
The procedure may concern a SAS, SASU, SARL or EURL. A shareholder may be an individual residing in India or an Indian company, provided in the latter case that documents identifying the legal entity, its representatives and its ultimate beneficial owners are supplied.
Given the international nature of the transaction, the office may request supporting documents concerning the source of funds and the account from which the capital will be transferred.
The conditions governing the transfer of funds from India to France should be checked before the transfer. The file is therefore reviewed in advance so that payment instructions can be provided before the capital is sent.
After receipt of the funds and completion of the necessary checks, the notary issues the certificate of deposit of funds used for company registration. 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 and the required documents provided, the capital is released and transferred to the bank account opened in the French company’s name.
Chassaint & Cerclé Notaires assists entrepreneurs based in India 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.
