Blog | Clarifications on SIRET and SIREN numbers

Clarifications on SIRET and SIREN numbers

This article aim’s is to clarify:

  • When you need a SIRET number;
  • How to incorporate the company in order to get the SIRET number;
  • Why in some cases it is recommended to have the registered company closed it in order to avoid any issue with French Tax authorities.

When do you need a SIRET number?

The SIRET number is a unique French business identification number and proves the official registration number of a company.

Indeed, any furnished rental activity must be managed by a proper company in our country. It does not matter that you already own a company in another country.

On the other hand, an unfurnished rental activity does not need a SIRET number as it is not considered as a commercial activity. It will obviously have to be declared on your tax return but using other forms.

 

How to get a SIRET number?

In order to get a SIRET number, you need to incorporate your company. The easiest one being the "entreprise individuelle" (sole trader in the UK).

Once you have it, we'll be able to proceed to your first tax return.

Why choosing French Tax Online to help you fill in your company incorporation?

Starting up a new business can be a stressful time for clients who are unsure where to start and it is important that it is done properly to avoid costly mistakes.

French Tax Online has tailored a service to clients who are starting a new business to walk them through the startup process. This starts with a complimentary initial consultation to discuss the client’s plans, goals and requirements.

Choosing this service is alleviating the burden of stress, anxiety and apprehension of French rules, regulations and bureaucracies from your shoulders. Indeed, we handle all the formalities in French on your behalf.

Learn more on this service here.

What is the difference between a SIREN and SIRET number?

  • Your SIREN number (9 digits) identifies your company;
  • The SIRET number (14 digits) determine each place of business operated by the same company.

Does someone who has several properties can manage all the renting activities under the same SIRET number?

Yes, an individual can declare the income from 2 or more properties under the same SIRET number.

Does an individual who has a business in France can use this SIRET number to declare his French real estate income?

Yes, the SIREN number will be the same but the SIRET will be different and two tax returns will be required in this particular case.

Therefore, an individual absolutely need a SIRET number to be able to manage and declare his furnished rental activity, even though the turnover is low.

When and why do you have to close the incorporated company?

As soon as you incorporate your company, French tax office is expecting a tax return every year until it is officially closed whether the company has an activity or not.
Failing to inform the authorities could result to be chased by them in the future and receive penalties. The fees incurred can run until €1500 (150€ for each missing document).

Therefore, if you don't rent any property in France anymore, we highly recommend you to have it closed in order to do not provide the authorities with a tax return anymore (nonetheless, if you still have one or several French properties rented under this SIRET number you can leave the incorporated company opened to be able to submit your declaration for these activities.)

At French Tax Online, we help you through this heavy, complicated and bureaucratic process.

Just relax and forget about all the stress and anxiety associated with this obligation. All you have to do is to enjoy the benefice of the sale of your property.

Learn more on this service here.

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