In France, the Companies are required to prepare Accounting Statements in compliance with French GAAP, while public companies are required to publish IFRS accounts annually. All the Listed Companies are required to prepare a group financial statement in accordance with International Financial Reporting Standards (IFRS). And other companies or LLC to prepare their annual financial statements in accordance with accounting principles promulgated by the French Commercial Code and the General Accounting Chart (Plan Comptable Général; “French GAAP”).
YourGlobalPro professionals can assist you with the entire bookkeeping and accounting services for your France Business Setup as per your business needs including implementation of financial accounting software, accounting records preparation and time to time preparation of budgets, forecasts.
All the France Companies and LLC must have an Annual audit on their statutory financial statements. Also, consolidated financial statements are also subject to an audit. Only Small private corporations/LLCs are exempt for audit of their annual accounts. Generally, the Auditors of the entity are appointed by the shareholders’ resolution or by the constitution of the entity, for period of six years.
Based on the size of the business – the companies are required to prepare and file financial statements with the Authority. YourGlobalPro professionals also provide auditing services as required by your business.
Bank Account opening in France involves a lot of paperwork. The documentation requirement differs from Bank to Bank and need to be complied for the Bank account opening. All banks are stable, reliable and offer the same level of services.
YourGlobalPro professional can facilitate all the paper work in relation to banking need and can assist you in opening bank account for your business plan in France.