Chartered accountant providing A global service in France rue Marius Aufan Paris-Levallois France

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1 Chartered accountant providing A global service in France rue Marius Aufan Paris-Levallois France

2 Local service provider Whether you intend to hire an employee representing your company, set up a branch or a subsidiary in France, AFIGEC can be your local service provider. As chartered accountants, we master the subtleties of French laws and regulations. We have considerable experience assisting French subsidiaries or branches and employees of international groups. We understand how French legislation may seem complicate for foreigners. We are keen to explain it to overseas firms and help them to comply with local legislation. Who we are AFIGEC is a local service provider, with more than 30 years of experience, 7 offices across France, and more than 2500 clients. Our 150 professionals, many of whom have had Big 4 Firm experience, are always there when our clients need them. Our international department is located in Paris, and we can provide services throughout France. We are an independent firm and we work with independent professionals. International coverage We are members of the third largest association of independent chartered accountants, PRIMEGLOBAL. We can recommend, if needed, accounting/payroll/tax firms in most countries (North and South America, Europe, Asia, Africa).

3 An expanding firm: A firm created 30 years ago by 2 partners Located in Paris and Normandy area Providing services everywhere in France Today 17 Partners and 150 employees Specialized departments: Audit / Due Diligences Mergers / Acquisitions Transfer pricing Tax compliance / bookkeeping Payroll / Human resources Company secretary services / Legal advice International

4 The international department: A team of 14 people Dedicated to issues relating to international groups Interfacing with our other specialized departments if necessary Everyday communication with foreign clients Virginie DESBAZEILLE Florent BURTIN Please see the short video introducing our international department HERE

5 How we can assist you We offer a diverse range of services such as reporting, payroll, tax compliance, accounting, ongoing corporate legal assistance, cash-management, human resource services. In order to assist foreign firms, our dedicated team will: Create business structures in France : a representative of a foreign firm, a branch, a subsidiary; Choose what kind of company to create with regard to initial share capital, the number of shareholders, whether there are any partners, the responsibilities of the management ; Perform all administrative tasks : invoicing, payment vouchers, verification of expense reports; Prepare accounts in compliance with French standards, calculating and preparing tax returns and financial statements; Prepare reports in compliance with international standards or in accordance with the accounting principles of the parent company (using the group chart of accounts); Handle management accounting, cash flow statements and budgets; Manage the statutory documents for employees : payrolls, social security deductions, the choice of health and life insurance, payroll journal entries, benefits in kind, the integration of stock options, RSU, ESPP; Explain to your employees and financial officers the subtleties of French law and help them to ensure compliance; Adapt our services to your needs such as preparing reports per your specific requirements on our own accounting system and/or on your accounting system through a VPN.

6 Our services Payroll Registering the French branch/subsidiary with social funds Making the formalities necessary for new employees and registering them with social funds Establishing payslips Preparing and e-filing social returns on a monthly/quarterly basis Setting up payments to social funds by direct debit, if possible Preparing and filing the annual social reports to the various French social organizations Assistance with employment contracts in compliance with French Labour Law Providing guidance to foreigners about the specificities of French Labour Law Providing short memoranda explaining many social issues in France Advising about benefits and schemes that can be implemented for the staff Administrative assistance Bookkeeping and management reporting Recording simultaneously entries in French accounts and in accordance with your group chart of accounts Keeping books in compliance with French GAAP, but making as well the necessary adjustments to comply with your group policies (assets capitalization, depreciation method, etc.) Providing reports in excel format, that include a balance sheet, profit & loss statement, trial balance as per your chart of accounts, balance sheet reconciliations, etc. Providing, if needed, departmental accounting (allocation per cost centers, etc.) Submitting reporting packages in due time, as per a predefined time schedule Preparing locally compliant financial statements

7 Tax compliance Completion and filing of tax returns (including VAT returns, corporate tax returns, business licence tax returns, etc.) Setting up payments to tax administration by direct debit, if possible Annual completion and filing of corporate tax return with the French authorities Providing short memoranda explain many tax issues in France Advising about transfer pricing issues, if needed, and international tax issues Cash management and administrative assistance Processing accounts payable Processing employees expense reports Establishing cash forecast in order to anticipate the funding of the French entity that is required Managing payments online in compliance with internal control standards (we prepare transfers on the client s bank website, all the while ensuring that we have the requisite documentation and proper validation from an individual with purchase-validation authority. The transfers are always double-checked by two members of our team. When the transfers are set up, we inform the person in charge of releasing the transfers. Please note that our firm has neither the authority nor the capacity to release the transfers itself.) Assistance with local banks Assistance with expense reporting, and reimbursement policies and procedures

8 Registered address services Providing a registered address for your French branch/subsidiary so that all administrative and tax correspondence may reach quickly your accounting firm Company secretary services Preparing the mandatory annual reports (including the management report and the minutes of the shareholders meeting) Filing the financial statements with the French Commercial Registry Assistance with transfer of registered address Assistance with any corporate legal issue Other assistance as requested We are prepared to assist you in any other matter which may arise.

9 Our expertise AFIGEC wants the best for you and knows your particular needs. We have an experienced team dedicated to international clients, which receives regular training in order to best adapt to any given situation. We pride ourselves on the quality of our work and our professionalism. We are open-minded, reactive and we will endeavor to exceed your requirements. Please do not hesitate to contact us for further information. We provide global services Accounting Compilation Tax returns filing Cash-management Mergers and Acquisition Reporting Payroll Transfer pricing compliance Audit