Work & Business in France

Starting a Business
- 1. Introduction
- 2. Top Tips
- 3. Start-Up Advice
- 4. Business Classification
- 5. Legal Structure
- 6. Business Registration
- 7. Business Premises
- 8. Banking, Accounting & Insurance
- 9. Business Taxation
- 10. Other Taxes
- 11. Social Security
- 12. Financial Assistance

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8. Business Banking, Accounting & Insurance in France

8.1. Business Banking in France

If you set up a separate company structure to run the business, you will be required to open a bank account in the name of business.

Indeed, even if you do not set up a separate company you are expected by the tax authorities and the banks to have a compte professionelle for your business.

Banks make a charge of at least €25 per quarter for all business accounts.

If you find this charge a burden then, as a start up, you may be able to get the local manager to temporarily waive the charge.

Top Tip!

Another way to get round the charges that banks apply to business accounts is to establish two personal accounts (say, one in your sole name) and use only one for business use! You may still find there are charges, but they are generally less for personal accounts.

All bills in excess of €3000 (€1100 for those in the retail trade) must be settled by cheque or virement. Salary payments can be made in cash up to €1500 per month. Deposit payments in cash are subject to an upper limit of €460.

Informaton on loan finance from banks is included on our pages on Financial Assistance.

The Fédération Bancaire Française has introduced a code of conduct to govern the relationship between small business's and banks. The code is available in English, which you can read by visiting Banking Code of Conduct

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