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When you register a company in France, the Insee (The National Institute of Statistics and Economic Studies) will give you an APE code, sometimes also called the NAF code.
The “EORI number” stands for Economic Operator’s Registration and Identification. Basically, it’s a number given to all European companies that want to export or import products outside the EU.
One of the most important steps when creating your company is to register your company in the Commerce and Companies Register.
“Social capital” is the French equivalent of “equity”. Basically, it refers to all the money a company got thanks to the money or assets the associates contributed the company. In exchange for these contributions, they receive shares or stocks.
In France, current accounts (or “comptes courants d’associés”) are a means of funding for a company. Basically, it refers to associates lending money to the company by transferring money from their personal account to the account of the company.
The associate’s pact is a convention among associates in a company that is submitted when a company is registered.
The Kbis is an official document given to a company by the Commercial Court. Essentially, it functions as the ID card of a company, and certifies that the company was correctly registered in the Commerce and Companies Register.
When creating a company in France, one of the first things you need to do is build up your “social capital”. To do this, the associates need to make contributions to the capital of your company. There are 3 different types of contributions:
When you set up a company in France, you will get a registration certificate (called KBis) issued by the court of Chamber of Commerce.
