Starting up in France: Words by Patrick Maupard on setting up a business in the French market
Are you thinking about expanding to France or finally making the jump and starting up in the Paris Region? Maupard Fiduciaire’s CEO and founding partner Patrick Maupard talks about the French business environment and states some facts that could positively influence your decision.
“Paris, London and New York are the three most important cities in the world for international business. In fact, 31 companies of the Fortune Global 500 are based in France, and if Paris were a country it would have the 17th largest economy in the world.
Now that’s not bad for a city. Add that to the fact that in 2012 France had 59 billion dollars of foreign direct investment, and it’s easy to see that it’s a great place to invest.”
True to this statement, the number of companies setting up their businesses in France has in fact risen by 23% since 2013. According to the World Bank, the founding process only requires 4.5 days in France, versus 6 days in the UK or 14.5 in Germany.
In terms of complete startups, France is the leading country in Europe. The tech industry is well-represented with more than 4000 startups in Paris alone. La Halle Freyssinet, which aims to be the world’s largest digital business incubator located in the 13th Arrondissement in Paris, is to be opened in January 2017 and will host 1000 startups from around the world.
“France knows that the best way to stimulate its economy is by investing in startups and small companies. For this reason, France has the most generous tax credit schemes and government subsidies in Europe, making it the ideal place for start-ups and small companies to invest. These are: The JEI tax exoneration initiative for new innovative companies, the CIR tax credit for R&D which is worth 30% of revenue up to 200 million euros and 5% of any amount above that, and the CIPC tax credit which helps to offset the cost of international development.”
“At Maupard Fiduciaire we are all about making expansion more straightforward, so you can focus on doing business and leave the paperwork and coordination to us.”
Are you wondering how one can invest in France yet still manage their businesses all over Europe? Regardless of your company’s status, be it an established corporation abroad looking to set up a branch in France or a startup true to the sense – we can help.
Do not hesitate to contact us via telephone +33 (0) 1 53 93 94 20 or [email protected]. Our team of experts will happily assist you with any queries you might have.