Practicalities

• Signature of a power of attorney and of an appointment of our firm as tax representative for the Company.
• Accreditation of this file by the administration.

The power of attorney represents the contract between the parties and defines procedures, essentially the monthly sending of essential documents for:

• filing the special register,
• monthly declarations,
• payments, credits and refunds if applicable,
• our reports.

Insurance Companies not established in France and operating under the free provision of services system

Principles

Foreign insurance companies may, without being established in France, commercialize risks and life insurance policies there, in accordance with certain conditions, in particular:

Conditions

• Application for prior approval from the French Ministry of Economy and Finances, via the Ministry of Finance of the country in which the Company is established (article L 321-1 of the Insurance Code).
• The appointment of a tax representative who is personally responsible for the payment of taxes and deductions, in compliance with the General Tax Code.
• The payment of IPT –Tax on Insurance Premiums- at the current rate and sundries or the inclusive deduction on the death of the owner of a life insurance policy, as French insurance companies are required to.

The Scope of our assistance

Results of compliance with the General Tax Code and consists in:

• Assuming responsibility for the file.
• declaring and paying taxes and deductions pertaining to premiums issued by the Company,
• keeping an up-to-date record,
• reporting to the Company,
• assisting tax auditors.

We also assist our subscribers for any steps and questions with respect to their situation and regulations, in collaboration, if appropriate, with their consultants.