Subsection 3: Bank charges

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Article L753-4

French Monetary and Financial CodeIn force

Updated 6 Nov 2023

I. - In French Polynesia, credit institutions, payment institutions, electronic money institutions and the Office des postes et télécommunications de Polynésie française shall, between 1 June and 31 July, at the invitation of the High Commissioner and in the presence of the Institut d'émission d'outre-mer, take part in negotiations aimed at reaching an agreement to moderate the prices of the banking services referred to in Article L. 753-3.
By 1 June at the latest, each credit institution shall present its proposed tariffs for the next one to three years. Negotiations will give priority to reducing the charges that differ most from those set out in the annual report of the banking charges observatory published by the Financial Services Advisory Committee.
The agreement will be made public by order of the High Commissioner no later than 1st September each year and will apply from 1st January of the following year.
II. - In the absence of an agreement by 1st September and taking into account the negotiations held, the High Commissioner shall set the maximum overall price of the list of banking services mentioned in Article L. 753-3 for all the establishments mentioned in the first paragraph of I of this Article by order, after obtaining the opinion of the Institut d'émission d'outre-mer. The High Commissioner's order is published no later than 1st November and applies from 1st January of the following year.

Mariela Petrova

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Working with a corporate lawyer in France — Q&A

Any time a strategic decision changes how the company is owned, governed or contractually bound — incorporation, fundraising, M&A, restructuring, shareholder agreements, or major commercial contracts. Earlier engagement always costs less than later remediation.

A notary (notaire) is a public officer who authenticates specific deeds (mainly real-estate transfers and certain family-law acts). A corporate lawyer (avocat) advises on strategy, negotiates and drafts company documents, and represents you in disputes. The two roles complement rather than overlap.

Yes — most of our clients are foreign suppliers, investors or holding entities. We bridge the gap between French law and your home jurisdiction's expectations and deliver everything bilingually.

The SAS (Société par Actions Simplifiée) is the default choice for most international structures: flexible governance, single shareholder allowed, no minimum capital, and works cleanly with foreign holding entities. We assess SARL, SA, SCI on the merits when the situation calls for it.

Yes — communications with a French avocat are protected by the secret professionnel (Article 66-5 of the Law of 31 December 1971). This protection is broader than the common-law attorney-client privilege and applies to written and oral exchanges.

We work on fixed fees for clearly scoped engagements (incorporation, contract drafting, audits) and on monthly retainers for ongoing advisory. Hourly billing is the exception, not the default. You always know the cost before work starts.

Typical timeline is 2–3 weeks from KYC kick-off to RCS registration, assuming standard documentation. Holding-company structures, foreign-shareholder identification or in-kind contributions can extend this — we flag the gating items at the first meeting.

Absolutely. We routinely coordinate with your in-house counsel, expert-comptable or notaire — pragmatic collaboration is the norm, not the exception. We send them everything they need to do their part without duplicating work.

Mariela Petrova

Mariela Petrova

Avocate au Barreau de Paris

Toque #C2396

15+ Years In Corporate Practice

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Communications protected by professional secrecy — secret professionnel de l'avocat, Article 66-5 of the Law of 31 December 1971.

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