Hi, Can anyone help, I'm looking to open a bank account in France, in Euros, for a U.K Ltd company, Asked at my usual bank and they are unable/not interested in helping me. Does anyone have experience of doing this? thanks in advanceMartyn
Hi Martyn. I have no personal experience, but it might help to ask a firm that specialises in Business Advice such as ExAudit here : http://paris.angloinfo.com/af/31/paris-and-ile-de-france-business-services.html They will be able to give you the correct advice and probably even suggest a bank.
Hi Marty and Mary,
Forget it; it isn't going to happen!
To have any sort of bank account in France (as per Banque de France) you need to be a person "moral or physique" that is to say an individual or a French registered business! No way around that! Even with a codicille no bank will touch you without a good reason as to why you need a French bank account.
Your best (and cheapest) option is to consider opening a "Bureau de Liaison" in France, assuming that you have someone resident here to act as "The Manager". Cost is less than €100 and takes less than a week.
This will give you a SIRET, allowing you to open a bank account in the name of the company BUT if you are planning to use this account to "cash French cheques and then draw/move the money" forget it!
A BDL doesn't allow you to raise invoices in France (legally). Banking in France is much more strictly regulated than in the UK.
PM if you need any help.
I agree with Andrew. Extremely difficult to open a French bank account for a UK company.I own a French company, and it was difficult enough, to open a bank account, and it took weeks.
Why do you need this exactly?
I have a Euro account at Citibank London and all my European business was transacted though this account, without problem, even though I lived, and still live, in France.
I think you've hit the nail on the head. I too keep my UK Ltd company for larger projects as I am registered an an Auto Entrepreneur in France. For these I invoice from the UK, by the UK company to be paid to my Euro account in the UK and everything works just fine. Of course I declare my dividends from the UK company on my French tax return but I save a fortune in Social Charges.
The only reasonfor someone to want to open a French bank account for a UK Ltd company (without being registered in France) is, in my experience, simply someone wanting to cash French cheques locally for a service "possibly" not declared in France, the very reason it is not possible to do so.
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