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Natural person

A "natural person" is any living human being.

A natural person can be recognised by several characteristics:

  • a family name

  • a first name (or several)

  • a home address (fixed for at least 6 months per year)

  • a nationality.

A natural person has a legal personality, which means that he or she has rights (e.g. voting rights) and duties (e.g. respect for others).

In France, in order to benefit fully and autonomously from his legal personality, a natural person must be of legal age (or emancipated) and not be placed under guardianship or curatorship.

Corporate entity

According to the INSEE site:

In French law, a corporate entity is a group with legal personality. Generally a corporate entity is made up of a group of natural persons working together to achieve a shared goal. The group may also bring together natural persons and corporate entities. It can also be made up of just one element.

Its legal personality gives the corporate entity rights and responsibilities. French law distinguishes between:

  • corporate entities in public law: the State, local authorities, public establishments, etc.

  • corporate entities in private law: most commonly private companies, civil companies (SC), economic interest groups and associations. Some corporate entities in private law are entrusted with the operation of services of general economic interest.

😄 So to recap...

  • A corporate entity is an entity which, although it doesn’t have a head and two arms and legs, possesses rights and responsibilities.

  • It is controlled by natural persons, or corporate entities but with natural persons at their roots. In fact, when you go back to the source, you always find a natural person at the beginning.

  • It can be governed by public or private law.

  • And last but not least, if it meets the required criteria, it can proceed to a capital deposit with Qonto!

Qonto registration

When you register with Qonto, you will be asked to define your shareholding type:

To file the capital of a company with one or more legal entities as shareholders, you only need to provide :

  • The date/place of birth of the physical representative

  • A copy of the ID of the physical representative of each corporate entity.

We’ll take care of finding the proof of registration (synthèse INPI définitive, extrait Kbis or extrait INPI) and bylaws, so you don’t need to worry !

💡 Additional documents may be requested outside the registration process for Italian 🇮🇹, Spanish 🇪🇸, German 🇩🇪, and English 🇬🇧 legal entities.

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