Why do I need a corporate bank account?
In France, if you have an incorporated business you will need to open a French corporate bank account. However, this process has become increasingly more difficult due to heightened precautions combatting anti-money laundering and counter terrorism. Understandably, the administrative process is therefore more complex and lengthy. It is therefore valuable to know the documents required and steps involved in this process. To learn more about this, read our page on opening a corporate bank account : Opening a Corporate Bank Account in France – Maupard
Not only does a corporate bank account allow the business owner to separate business finances from personal finances, there are several benefits that a corporate bank acocunt can offer.
A corporate bank account is required for an ‘SAS’, and ‘SARL’. These are legal structures which refer to the type of entity which you have established in France. Within these structures, a corporate bank account allows these entities to perform full commercial activity in France without the need of a minimum share capital.
Moreover, these structures are considered ‘fully incorporated’ companies and there is no restriction on the number of shareholders, underlining another noteworthy advantage.
The SAS and SARL are great options for companies seeking a permanent solution in France, independent from the parent company of their business. In this respect, the corporate bank account provides the next level of independence for the subsidiary.
Opening a corporate bank account can be a long and lengthy process. Maupard Fiduciaire has years of experience in this area and our experts can anticipate the challenges which you may face.
In conjunction with this, over the last 30 years we have nutured trusting relationships with nearby banks. Maupard Fiduciaire will support you in the preparation and presentation of your documents to the banks, providing you with the best possible chance in having your application approved.
For more information on this, do not hesitate to contact us either by telephone at +33 (0)1 53 93 94 20 or send an email to [email protected]. Our experts will be more than happy to answer any questions you may have..
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