Subsection 2: Companies authorised to grant certain guarantees

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R518-63R518-64R518-65R518-66R518-67R518-68R518-69

Article R518-64

French Monetary and Financial CodeIn force
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Updated 5 Nov 2023

The committee comprises the following members

1° Three representatives of the Minister for the Economy, including one member of the Inspectorate General of Finance;

2° Two representatives of the Minister for Employment, including one member of the Inspectorate General of Social Affairs;

3° One representative of the Minister for Small and Medium-sized Enterprises;

4° A representative of the Minister for the Solidarity Economy;

5° A representative of the Minister for Industry;

6° A representative of the Minister responsible for regional planning;

7° A representative of the Minister for Defence;

8° Two representatives of credit institutions and finance companies;

9° Two qualified individuals.

The members of the committee are appointed by order of the Minister for the Economy for a period of five years. This order appoints an alternate for each full member. The members mentioned in 2° to 7° are appointed on the recommendation of the Minister concerned, and the members mentioned in 8° on the recommendation of the Association française des établissements de crédit et des entreprises d'investissement and the Fédération bancaire française.

The Chairman of the Committee is appointed from among its members by order of the Minister for the Economy.

The secretariat of the Committee is provided by the departments of the Minister for the Economy.

The Committee meets at least twice a year, convened by its Chairman, who sets the agenda. Meetings are not open to the public.

Decisions are taken by a majority of the members present. In the event of a tie, the Chairman has the casting vote.

The Committee draws up its own rules of procedure.

The members of the Committee and the persons who contribute to its activities are bound by professional secrecy with regard to information that comes to their knowledge in the course of their duties. All members of the Committee shall refrain from deliberating if they have or have had a direct personal interest in the company on which the Committee is called upon to take a decision.

Mariela Petrova

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Common Questions

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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