• The minimum share capital was recently reduced to €1 but banks require more than this figure to set up an account. The traditional share capital was 35,000 euros but a minimum amount could be deposited of around 15,000 euros. Please bear in mind that this is "working capital" and can be taken out of the account for use at any time
• A president and one shareholder is required. They can be the same person in which case the company will incorporated as a SASU
• The president can be a legal entity
• An auditor is required if the company is owned by one or several companies or if the annual turnover exceeds 1,000,000 euros