Share Capital Deposit in France from South Korea: What Is the Procedure?
Entrepreneurs, shareholders and investors residing in South Korea can set up a company in France and deposit its share capital with a French notary.
This solution may be used where the founders do not yet have a French business bank account. The file is reviewed before any transfer to verify the identity of the parties, the ownership structure of the company and the information required to receive the capital.
The deposit may concern a SAS, SASU, SARL or EURL, with individual shareholders residing in South Korea or, subject to prior review, a Korean company acting as shareholder.
Where a shareholder is a legal entity, documents identifying the Korean company, its representatives and its ultimate beneficial owners are required. Relevant Korean corporate registry documents may therefore need to be provided, together with supporting documents concerning the source of funds.
Depending on the nature of the documents and their intended use in France, a translation and an apostille, legalisation or another authentication formality may be required after review by the office. The arrangements for the transfer of funds from South Korea to France are reviewed before the funds are sent.
After receipt of the funds and completion of the required checks, the notary issues the certificate of deposit of funds required for the company registration process. The office handles more than 1,000 share capital transactions per year and, where the file is complete, the certificate can generally be issued within 24 business hours after receipt of the funds.
Once the company has been registered and its Kbis, signed articles of association and company bank details have been provided, the funds are released and transferred to the bank account opened in the company’s name.
Chassaint & Cerclé Notaires assists entrepreneurs and investors based in South Korea with the deposit of share capital for French companies. 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.
