Section 2: Persons authorised to carry out doorstep selling

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Article L341-3

French Monetary and Financial CodeIn force

Updated 7 Nov 2023

Only the following may use or engage in the activity of banking or financial canvassing, within the limits of the specific provisions governing them:

1° Credit institutions or finance companies as defined in article L. 511-1, the bodies mentioned in article L. 518-1, electronic money institutions, payment institutions, account information service providers, investment firms and insurance companies as defined in article L. 531-4 of this Code and article L. 310-1 of the Insurance Code respectively, supplementary occupational pension funds as mentioned inarticle L. 381-1 of the same code, the venture capital companies mentioned in article 1-1 of law no. 85-695 of 11 July 1985 containing various economic and financial provisions, with a view to subscribing the securities they issue, the collective investment management companies defined in article L. 543-1 of this code with a view to subscribing the financial securities issued by the collective investments they manage, as well as equivalent institutions and undertakings authorised in another Member State of the European Union and authorised to operate on French territory;

2° Companies, within the framework of schemes covered by Book III of Part Three of the Labour Code which they offer to their beneficiaries, as well as legal entities which they appoint to offer one of these schemes entered into by the company. In this case, and without prejudice to the information and marketing rules to which they are subject, only the provisions of article L. 341-9, 3° of article L. 353-2 (1) and article L. 353-4 of this code are applicable to these canvassing activities;

3° Financial investment advisers as defined in article L. 541-1 ;

4° The banking and payment services intermediaries referred to in article L. 519-1;

5° The tied agents referred to in Article L. 545-1;

6° Participative finance service providers referred to in Article L. 547-1 and participative finance service providers approved in another Member State of the European Union and authorised to operate on French territory;

7° Issuers of tokens that have obtained the visa provided for in Article L. 552-4 ;

8° Service providers approved under the conditions set out in Article L. 54-10-5.

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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