With the number of startups booming during the last couple of years, it was natural for more financing solutions to be enabled by the French government. However, two recent studies show that in 2016 venture capital for startups has increased considerably. It must be noted that venture capital is provided by private companies and not by the authorities which proves that the French business community believes in companies with high development potential. Our French lawyers can assist entrepreneurs interested in opening companies in this country.
Foreign investors oriented towards the French tourism industry will welcome the news that France was the world’s leading destination for tourists in 2016. The total number of foreign visitors rose to 83 million last year in France. Statistics show that France surpassed Spain and the United States in the number of foreign citizens coming here for leisure purposes. Our lawyers in France can assist foreign investors interested in setting up business in the tourism industry.
The signs of the expected economy growth in France appeared in the last quarter of 2016, due to more resistant consumer market and numerous important investments in the country. Experts and statistics predict the same trends for this year, when France must remain one of the strongest economies in Europe, aligning with the powerful countries. If you are interested in making investments in France, you are advised to solicit help and guidance from our France lawyers. They can also help you in tax matters for your company registered in France.
When you think of France, you think of tourism, French bread, fashion, arts, culture, the Eiffel Tower, justice, beautiful landscapes, wines, great food and important history, but besides the above mentioned, the country has a stable economy and a great investment potential. There are so many significant domains where local and foreign entrepreneurs can analyze the opportunities and can suitably enter the market to make profits.
France continues to remain one of the most attractive countries in terms of foreign investments at global and European level, according to the latest Foreign Direct Investment Confidence Index released by A.T. Kearney. The main factors leading to France’s position in the report are several reforms undertaken by the government. Our French lawyers can offer more information on the latest changes brought to the legislation on foreign direct investment.
The closeness to Africa brought France significant advantages when it comes to investments. This is why a great number of companies in the innovation sectors have gathered at a meeting held in Paris in order to agree upon investments opportunities for French companies in Africa. Our lawyers in France can offer more information on the legislation on foreign direct investment.
The French tax authorities have recently launched a guide providing for the income tax exemption thresholds and the taxation of non-residents owning properties in France. The new guide offers also an insight on how to file the tax returns before becoming liable for taxation. Our French lawyers can offer more information on the taxation system in this country.
Foreign entrepreneurs who have the possibility to invest a large amount in France can benefit of a residency program that will grant them a 10-year economic residency permit. This facility is granted for non-Schengen entrepreneurs who will make a long-term investment with non-speculative goals.
Great Britain hasn’t even left the EU yet, still many UK nationals living or commuting to France are starting to weigh their options on whether to move back to the UK or simply move out for good. The same happened to UK business owners who now have to face a difficult choice: what country in the EU is a better fit for needs after Brexit? From many points of view, France seems one of the appropriate choices after Brexit.
France excels in terms of foreign investment attractiveness, according to the latest survey issued by the EY for 2016. Data shows that France remains among the strongest recipients of foreign investments in Europe, occupying the third position. Our lawyers in France can provide more information on the legislation governing foreign direct investments.
Unemployment levels have dropped in March and April in France, according to the latest survey carried by the National Institute of Statistics and Economic Studies (INSEE). These were the first two consecutive months when the unemployment level has decreased since the economic crisis began. France is also about the change its Labor Law in order to help employment go up.
Foreign enterprisers coming to France can now benefit from simplified procedures if setting up a sole trader, also known as registering as auto-entrepreneurs, in this country. The Employment Law was amended last year in order to encourage the establishment of small businesses. This year, the sole trader registration procedure underwent a slight change, the first one being the reference term for this type of entity, now called micro-entrepreneur. Below you can learn how to register as a micro-entrepreneur in France in 5 steps.
The tax rebates the Government has implemented last year have had a positive impact on the overall tax burden in 2015. Both individuals and companies have benefited from tax cuts which led to a slight fall of the tax burden last year. This is the result of the Responsibility and Solidarity Pact combined with the tax credit for competitiveness and employment. Our lawyers in France can provide you with information about the two legislative measures.
Investors in France who own property have ways of minimizing the inheritance tax payable by their heirs. This is applicable both to French residents and non-residents.The experts at our law firm in France can give you useful information about the inheritance law and the tax liabilities that arise after a property is passed on.
A palm oil tax will apply for the manufacturing of food in France. The value of the tax was ten times larger but the Government decided to adopt the lower, more realistic tax.The palm oil tax will be levied per ton of produced food, starting with 2017 and will gradually grow until it will reach its final value in 2020. The measure is part of the biodiversity bill in France and will influence trading companies as well as food manufacturers in the country.
The changes planned for the Employment law in France have been regarded as controversial and they have been seen as detrimental for the individuals hired in the country. However, some business owners believe that the new changes will improve the relationship with their employees. Our lawyers in France are able to tell you detailed information about the applicability of the new employment measures.
The social charges imposed on rental income and capital gains produced by non-residents in France will be maintained in 2016. The tax liability will be applicable on income derived from rental and investment income in France produced in 2015, taxable in 2016. These social charges are maintained despite a ruling from the European Court. However, individuals have already applied for tax refunds for these payments made until 2015. The experts at our law firm in France can help you with tax compliance in the country if you are a non-resident.
An entrepreneur in France has certain tax advantages and benefits from a simpler taxation regime. France imposes a pay-as-you-go system for individuals who act as self-employed entrepreneurs, in contrast to the regime reel status which is the standard tax status for a business in France. While there are some differences that are more convenient for the entrepreneur, at least in terms of social security contributions, the taxation differences need to be observed accordingly before entering into a business arrangement or opening a company in France.
A while back France announced the extension of the tax credit scheme for video games in order to loosen up the eligibility criteria for gaming companies. The new tax credit scheme has decreased the minimum investment threshold and allows French companies to deduct certain costs related to employees. The new French tax credit scheme applies to small and medium companies operating in the video gaming industry.
The French Government announced a series of tax measures aiming to reduce administrative requirements and the simplification of tax compliance. The package includes 92 measures, most of them dedicated to the simplification of administrative procedures French companies must go through every time when they have to deal with the tax authorities. Another measure targeting the income tax deduction at source is also under debate.
After the French Supreme Court determined that a higher rate of capital gains tax on non-EEA residents was illegal, now non-residents living outside the EEA who sold property in France, in 2014, can apply for a refund. Our French law firm provide the needed assistance if you want to claim a refund.
A new legislative reform regarding home improvements will now make it mandatory for property owners in France to disclose any modifications brought to the building for the purpose of taxation in the following year. This measure aims at allowing for a better determination of a property’s true value and will also increase the income received from local councils from the taxes due for property improvements. Our French law firm can offer you assistance if you need more information on local rates for property modifications.