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8. Business Banking, Accounting & Insurance in France
8.1. Business Banking in FranceIf 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.
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.
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