Why move your business to France in a post-Brexit world
The post-Brexit era has catalysed a rise in European nations’ attempts to entice businesses away from the United Kingdom. As an already prominent force in the corporate world, Paris is well-equipped to replace London as the financial hub of Europe. Alongside the significant asset shifts from the UK to France, this move has been accompanied by numerous headquarter relocations, signalling France’s triumphs in securing the retreat of firms from major UK industries. In the past many EU firms would bypass their own nations in favour of relocating in London. However, as France looks to be the favourite post-Brexit destination for European foreign investment, large firms’ moves to France are paving the way for smaller firms to follow. Businesses from the USA who would have previously moved their operations to the UK are now choosing to create European links via France, seeking to avoid the notoriously cumbersome red tape. Settling in France seems to be the preferred means of maintaining a stable position in the EU. Smaller firms are looking to move to France due to the unaffordability of the regulatory nightmare they now face being outside the European single market. They wish to access the European pool of talent that sits at their fingertips when within the Schengen Zone, accompanied by the ease of a single currency.
Even before Brexit France was an attractive destination for businesses, facilitated by Macron’s 2017 long-term economic reforms, aiming to promote foreign investment. Such policies have led to the establishment of numerous overseas firms in France, now being followed by a Brexit related larger migration of businesses into France. Furthermore, Covid-19 seems to have had a negligible effect on foreign investors’ confidence in the nation, leading the president of Business France, Christophe Lecourtier, to highlight to Le Figaro how the continued faith of overseas investors has ensured both the creation and protection of thousands of jobs throughout the country. Thus, in a post-Brexit world, as France looks to be well on its way to becoming Europe’s dominant economy, there are innumerable reasons why one should be looking to move their business to here.
Whether you seek assistance navigating the post-Brexit red tape, or wish to move your business to France, Maupard offers these services and would be happy to help!
We encourage you to get in contact with our team over email at email@example.com or over the phone on +33 (0)1 53 93 94 20.