Your Partner for French business expansion
Afyneo is your partner to develop your business in France. Our English speakers specialists will assist your in all the steps of your French market business expansion
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COMPANY FORMATION - ACCOUNTING AND REPORTING - CORPORATE SECRETARIAL - PAYROLL SERVICES
Our Services
A professional team to assist your business development in France
Accounting
Afyneo takes care of all the accounting
functions including the
annual reports and reporting processing
according with the group instructions.
Tax
Our consultants assists your for VAT declarations, taxes, tax returns and all the compliances issues
HR and Payroll
Afyneo takes car of your employees in France from the initial registration to the managed payroll services with a dedicated HR software.
Legal
We assist you from the company creation to the legal formalities with complete compliance with French regulation
Business Support
Our professional English spoken team assists your company to operate in France serenely
Why Afyneo for your French business expansion ?
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Compliance with local accounting and tax regulations.
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Access to a team of experts who understand the local business environment and can provide tailored advice.
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Reduction of the administrative burden and time required to manage accounting and tax obligations.
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Assistance with financial reporting and analysis to support informed decision-making.
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Support with managing cash flow and budgeting.
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Assistance with setting up and managing payroll and employee benefits.
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Minimization of the risk of non-compliance and associated penalties or fines.
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Improved accuracy and completeness of financial records.
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Support with managing currency exchange and foreign exchange risk.
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Assistance with financial due diligence for mergers and acquisitions.
Accounting rules in France
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Tax Year
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Calendar year unless the taxpayer opts for a different end date or a different tax period.
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Accounting Standards
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The French accounting system is based on French GAAP. As a member of the EU, French law is in accordance with European Commission (EC) Regulation No. 1606/2002, which requires the application of IFRS in the preparation of consolidated financial statements of listed companies.
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Accounting Regulation Bodies
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ANC
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Accounting Reports
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All SAs must publish annual financial data and deposit two copies of the approved balance sheet and profit and loss (P&L) statement with the local commercial court within seven months of the end of the financial year and within one month of approval of the accounts.
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A listed SA must publish its annual balance sheet, P&L statement, quarterly sales figures for each branch of activity and a semi-annual provisional balance sheet. Subsidiaries of these companies with a balance sheet of EUR 3 million or more, or portfolios of EUR 300,000 or more, are individually subject to these disclosure requirements. The statement of source and application of funds is compulsory for large companies.​
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Publication Requirements
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There are three levels of reporting: the basic system (normal), an abridged system (for small companies) and a developed system. They depend on the legal form and size of the companies (defined in relation to the total of the balance sheet, the turnover and the number of employees).
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The reporting is annual, except for listed companies for whom reporting is quarterly.
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Professional Accountancy Bodies
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OEC , The Higher Council of the Order of Chartered Accountants
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CNCC , The National Company of Auditors
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Certification and Auditing
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Companies have to seek a statutory auditor to conduct an annual audit of the financial health of their organisation. You can contact an external audito and we can help you for the choice.
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