AGN Live Country Guides

Doing Business in France

Updated in February 2018

France is the world's fifth largest economy, and is considered one of the most modern countries in the world. A leading country with high global influences, as the country is member of the United Nations Security, Council, NATO, the G-8 , the G-20 amongst others.

Being at the heart of Europe, which is the largest market in the world, the country can offer good economic solutions to potential exporters.

With 66,5 million people and one main language, French, their GDP is worth 2829.19 billion US$ (2014), which represents 4.56% of the economy of the world. The GDP increased by 1.2% in 2015. France has signed agreements to address taxation with over 160 countries in the world.

The economy in France is diversified across many sectors. Tourism in France represents the third largest income in the world, the country is the most visited destination in the world. The government has privatized many large companies, while maintaining a strong presence in specific sectors such as power, public transport and defence industries. While capitalism is in full development in France, there are several social legislations and tax policies to mitigate the economic inequality.

Exports in 2014 were $571B, of which $118B were on transportation (cars, planes, helicopters), $106B of Machines and $95B on Pharmaceutical and Chemical products.

France is the 6 th largest importer in the world ($654B), with over $130B in machines in 2014, $98B in mineral products and $91B in transportation, including cars.

Relationships with international businesses continue. In order to avoid the 'redundancy' risk of the use of static data about various countries, this portal incorporates various live data feeds from:

  • The Organisation for Economic Cooperation and Development (OECD)
  • The World Bank
  • The observatory of Economic Complexity

 

 

Use the navigations buttons below to access to more live data:
Inflation, Development indicators, Exports, Trade Balance, and more.

OECD Country Comparison Portal

The window below is a direct feed of regularly updated information from the OECD. It provides data concerning everything from GDP growth, fiscal balance, investment, and unemployment rates to consumption, import volume and export volume. The window allows comparisons between France and other countries of the OECD average for these factors.

Inflation (CPI)

Total, Annual growth rate (%)

World Bank Development Indicators

The window below is a feed from the World Bank website and shows the primary World Bank collection of development indicators, compiled from officially-recognized international sources. It presents the most current and accurate Franceian and global development data available, and includes national, regional and global estimates. Amongst others it covers critical areas of Agriculture & Rural Development, Climate Change, Economy & Growth, Education, Energy & Mining, Environment, External Debt, Health, Infrastructure and Labor & Social Protection

Exports

This graph is taken from The Observatory of Economic Complexity (OEC). Products, represented by rectangles, are drawn from the 775 individual product classes found in the Standardized International Trade Code.

This graph shows volumes of goods exported from France.

Imports

This graph is taken from The Observatory of Economic Complexity (OEC). Products, represented by rectangles, are drawn from the 775 individual product classes found in the Standardized International Trade Code.

This graph shows volumes of goods imported into France.

Trade Balance

This graph is taken from The Observatory of Economic Complexity (OEC).

This graph illustrates the subsequent trade balance of exports and imports to and from France.

Destinations

This graph is taken from The Observatory of Economic Complexity (OEC).

This graph shows the destinations of goods and services by country.

 

Business Opportunities in Europe:

THE ‘MACRON EFFECT’ MAKING FRANCE AN ATTRACTIVE PLACE FOR FOREIGN DIRECT INVESTMENT     (May 2018)

Emmanuel Macron took office as the President of France on 14 May 2017, becoming the youngest president in French history and youngest head of state since Napoleon. His victory was based on a manifesto of significant social and economic reform. As his program has started to take effect, Macron has been hailed as having re-launched the French economy as an attractive destination for foreign direct investment – the so called “Macron Effect”.

find the firm best prepared to serve you

NOWS THE TIME TO REVIEW YOUR FOREIGN CURRENCY LOAN     (July 2017)

Foreign Currency Loans became very popular a few years ago. Depending on the currency they potentially offered consumers and companies low interest rates, at attractive exchange rates. But recent experience has shown they can become a problem where they have been sold to consumers and small firms that may not be familiar with the potential pitfalls of such sudden changes in exchange rates. Many legacy loans are still active and still causing problems.

There are professional ways to hand foreign currency loans through Managed Currency Mortgages. A successful currency manager will move the borrower's debt into a currency which subsequently falls in value against the base currency.

For more information about how to hand foreign currency loans through Managed Currency Mortgages, contact an AGN member that can help you.


IRELAND OFFERS GREAT R&D TAX RELIEF     (March 2017)

The Knowledge Development Box in Ireland – 6.25% Corporate Tax Rate.    

The Knowledge Development Box (KDB) in Ireland provides for a 6.25% tax rate on profits derived from patented or other protected inventions and certain copyright software.

For more information about how to take advantage of this opportunity, contact the AGN firm best prepared to help you.


AGN Tax Publications:


The AGN European Region produces annual tax brochures that compare taxes among European countries. Interesting comparisons from year to year give insight into trends.

These surveys are available by report type and year.

Learn more
 

The AGN Europe Taxation Task Force produces annual Tax Brochures. These contain tables that show the main aspects of a tax that are easily and quickly compared between the European Countries participating in the surveys. There is also a graph comparing the most important data, and an article with an overview of the European situation. These brochures are available in electronic format and have been designed so you can easily print them in-house if you prefer. Members and clients refer to the brochures as useful overview of key Tax data in Europe.

Corporate Tax 2017

European Countries Comparison


The 2017 corporate tax survey covers most European countries (including Turkey) and aims to calculate the effective corporate tax payable using a model profit and loss account for a standard trading company with pre-tax accounting profit of € 930,000.00. It also calculates the dividend receivable by shareholders of a company resident in a non-treaty (tax haven) country. Additionally the percentage of accounting profit received as dividend is shown under different assumptions.

read full publication
 
Gift & Inheritance 2017

European Countries Comparison


Inheritance and Gift taxes are often overlooked when deciding which jurisdiction to relocate to, so those individuals who do not want a considerable part of their savings to be left to the State must consider the impact of these taxes and any related tax planning opportunities that may arise.
 
The objective of the survey was to compare levels of inheritance tax payable based on a married individual who died without a valid Will on January 1, 2017, leaving a surviving spouse and two children. The assets owned at death were: a house worth €600.000, cash of €1.000.000, quoted company shares valued at €300.000 and unquoted company shares valued at €700.000 (total asset value €2.600.000).

read full publication
 
Parent Companies 2017

European Countries Comparison


Parent companies are used to hold participation in group companies, to collect dividends and make capital gains from the sale of subsidiaries in the most tax efficient way. The objective of the survey of parent company jurisdictions is to compare and contrast the conditions for the exemption of dividends and capital gains and to try to identify the most useful and flexible jurisdiction to place the parent company. The tax calculations are based on a standard profit and loss account and balance sheet with subsidiaries in France, Germany, USA and Switzerland.

read full publication
 
Salaries & Social Security Tax 2017

European Countries Comparison


The objective of the survey is to establish how much of an employee’s gross salary is left after income tax and social security charges. It also calculates the employer’s social charges allowing comparison of the cost of employment to an employer. The survey is based on a married individual with two children, annual gross salary of €100,000, a company car costing €40,000 when new, and paying annual mortgage interest of €7,500.
read full publication
 

Self Employed Tax 2017

European Countries Comparison


The objective of the self employed survey is to establish how much of a self employed person’s gross salary is left after income tax and social security charges. In addition, the survey considers what deductions the self employed person is allowed to make when calculating taxable profits. The survey is based on a married individual with two children, annual gross turnover of €130,000, a new car costing €40,000, a new computer costing €2,000, travel expenses of €10,000 and other business expenses of €8,000 leaving net turnover of €100,000.
read full publication
 
VAT 2017

European Countries Comparison


Not only is it a condition of membership of the EU for all member states to have VAT but also for its main characteristics to be uniformly implemented. This should make cross border trading easy but in practice does not as there are numerous local variations which can lead to costly errors, penalties and high compliance costs.

The objective of the AGN Europe VAT survey is to collate data about the main characteristics of VAT as it is implemented in the European Region jurisdictions and to try to highlight the key differences between them. It also acts as the basis for the VAT Survey Brochure, which is a useful reference source in respect of some of the main components of the VAT system.
read full publication
 
Online tax surveys are also created every year which contain some additional data to the brochures; if you want to see the latest version of these, please contact Marlijn Lawson or click here.

AGN News:

October 2018

AGN welcomes new member firm in Ukraine: ACTIV-AUDIT


Audit company "ACTIVE-AUDIT" was founded in 2000 in Kiev (Ukraine) and for more than 18 years has been providing various types of audit services, starting with the audit of financial statements of enterprises and banks, ending with the audit of the information security management system.

learn more
 
September 2018

AGN EMEA board welcomes new UK director


Martin Gibbs, Managing Partner of Coventry (UK) based member firm Dafferns LLP has been co-opted by the AGN EMEA regional Board.  

learn more
 

AGN Firms in the country


France
BM&A
11 rue de Laborde
75008 Paris
Time Zone:
Phone: +33 (0) 1 40 08 99 50
EMail: contact@bma-paris.com
BM&A - Lyon
32 rue de la Republique
69002 Lyon
Time Zone:
Phone: +33 (0) 4 69 98 00 25
EMail: contact@bma-lyon.com
Caderas Martin S.A.
43, rue de Liege
75008 Paris
Time Zone: GMT +1
Phone: (+33 1) 44 90 25 25
EMail: contact@caderas-martin.com
GROUPE EXCEL
65 Rue du Bois Brule
44115 Basse Goulaine
Time Zone:
Phone: (+33 2) 40 15 66 15
EMail: antoine.hubert@groupe-excel.fr
GROUPE EXCEL

Brionne
Time Zone:
Phone: (+33 2) 40 15 66 15
EMail:
GROUPE EXCEL

Brionne
Time Zone:
Phone: (+33 2) 40 15 66 15
EMail:
GROUPE EXCEL - ILE DE FRANCE

Cergy Pontoise
Time Zone:
Phone: (+33 1) 44 82 78 84
EMail: antoine.hubert@groupe-excel.fr
GROUPE EXCEL - ILE DE FRANCE

Clamart
Time Zone:
Phone: (+33 1) 44 82 78 84
EMail: antoine.hubert@groupe-excel.fr
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GROUPE EXCEL - Sud Est

5108-44351 Lyon
Time Zone:
Phone: (+33 4) 74 66 02 85
EMail:
GROUPE EXCEL - Grand Est

57951 Metz
Time Zone:
Phone: (+33 3) 87 56 49 00
EMail: antoine.hubert@groupe-excel.fr
GROUPE EXCEL

Migennes
Time Zone:
Phone: (+33 2) 40 15 66 15
EMail:
GROUPE EXCEL - ILE DE FRANCE
C/OBenjamin-Dermagne Maehawa
19 Rue du Purbigo
75002 Paris
Time Zone:
Phone: (+33 1) 44 82 78 84
EMail: antoine.hubert@groupe-excel.fr
GROUPE EXCEL

Pelissane
Time Zone:
Phone: (+33 2) 40 15 66 15
EMail:
GROUPE EXCEL - NORMANDIE
4 place Lorraine
27800 Brionne
Time Zone:
Phone: +33 2 32 44 85 12
EMail: excel-nomrandie@groupe-excel.fr
GROUPE EXCEL - NORMANDIE

27800 Caen
Time Zone:
Phone: +33 2 32 44 85 12
EMail:
GROUPE EXCEL - NORMANDIE

27800 Carentan
Time Zone:
Phone: +33 2 32 44 85 12
EMail:
GROUPE EXCEL - NORMANDIE

Courseulles s/mer
Time Zone:
Phone: +33 2 32 44 85 12
EMail:
GROUPE EXCEL - NORMANDIE

Fecamp
Time Zone:
Phone: +33 2 32 44 85 12
EMail:
GROUPE EXCEL - NORMANDIE

Herouville Saint-Clair
Time Zone:
Phone: +33 2 32 44 85 12
EMail:
GROUPE EXCEL - NORMANDIE

L'aigle
Time Zone:
Phone: +33 2 32 44 85 12
EMail:
GROUPE EXCEL - Ouest

Guerande
Time Zone:
Phone: (+33 2) 28 01 15 65
EMail:
GROUPE EXCEL - Ouest

Pornic
Time Zone:
Phone: (+33 2) 28 01 15 65
EMail:
GROUPE EXCEL - Ouest

Pouzauges
Time Zone:
Phone: (+33 2) 28 01 15 65
EMail:
GROUPE EXCEL - Ouest

Thouars
Time Zone:
Phone: (+33 2) 28 01 15 65
EMail:
GROUPE EXCEL - PACA CORSE

Aix-en-Provence
Time Zone:
Phone: +33 4 42 60 05 78
EMail:
GROUPE EXCEL - PACA CORSE

Cagnes sur Mer
Time Zone:
Phone: +33 4 42 60 05 78
EMail:
GROUPE EXCEL - PACA CORSE

Chateaurenard
Time Zone:
Phone: +33 4 42 60 05 78
EMail:
GROUPE EXCEL - PACA CORSE

Gareoult
Time Zone:
Phone: +33 4 42 60 05 78
EMail:
GROUPE EXCEL - PACA CORSE

La Garde
Time Zone:
Phone: +33 4 42 60 05 78
EMail:
GROUPE EXCEL - PACA CORSE
20 Place Roux de Brignoles
13330 Pelissane
Time Zone:
Phone: +33 4 42 60 05 78
EMail: excel-paca-corse@groupe-excel.fr
GROUPE EXCEL - PACA CORSE

Pelissanne
Time Zone:
Phone: +33 4 42 60 05 78
EMail:
GROUPE EXCEL - PACA CORSE

Saint Martin de Crau
Time Zone:
Phone: +33 4 42 60 05 78
EMail:
GROUPE EXCEL - PACA CORSE

Saint Remy de Provence
Time Zone:
Phone: +33 4 42 60 05 78
EMail:
GROUPE EXCEL - PACA CORSE

Six Fours
Time Zone:
Phone: +33 4 42 60 05 78
EMail:
GROUPE EXCEL - Sud Ouest
150 Avenue d'allemagne
82002 Montauban
Time Zone:
Phone: (+33 5) 63 21 74 00
EMail: antoine.hubert@groupe-excel.fr
GROUPE EXCEL BOURGOGNE (Burgundy)
19 avenue Pierre Larousse
89000 Auxerre
Time Zone:
Phone: (+33 3) 86 51 22 24
EMail: monika.clerc@groupe-excel.fr
GROUPE EXCEL BOURGOGNE (Burgundy)
19 avenue Pierre Larousse
B.P. 164
89003 AUXERRE CEDEX
Time Zone:
Phone: (+33 3) 86 51 22 24
EMail: eric.morize@groupe-excel.fr
GROUPE EXCEL BOURGOGNE (Burgundy)
95 rue de Lyon
89200 Avallon
Time Zone:
Phone: (+33 3) 86 34 55 05
EMail: paupert@groupe-excel.fr
GROUPE EXCEL BOURGOGNE (Burgundy)
4 Rue Rene Char
21000 Dijon
Time Zone:
Phone: 0033 03 80 60 84 00
EMail: claude.orssaud@groupe-excel.fr
GROUPE EXCEL BOURGOGNE (Burgundy)
37 B Avenue Françoise Giroud
BP 61073
21010 DIJON CEDEX
Time Zone:
Phone: (+33 3) 80 58 20 58
EMail: thomas.blanc@cabinetlds.com
GROUPE EXCEL BOURGOGNE (Burgundy)

Sens
Time Zone:
Phone: (+33 9) 82 24 58 35
EMail: richard.delattre@groupe-excel.fr
GROUPE EXCEL BOURGOGNE (Burgundy)
8 Rue Claude Aillot
89700 Tonnerre
Time Zone:
Phone: (+33 3) 86 55 28 49
EMail: paupert@groupe-excel.fr
GROUPE EXCEL GRAND EST (Eastern France)

57070 Gerardmer
Time Zone:
Phone: (+33 3) 87 56 49 00
EMail:
GROUPE EXCEL GRAND EST (Eastern France)

Jarville La Margrange
Time Zone:
Phone: (+33 3) 87 56 49 00
EMail:
GROUPE EXCEL GRAND EST (Eastern France)

Laxou
Time Zone:
Phone: (+33 3) 87 56 49 00
EMail:
GROUPE EXCEL GRAND EST (Eastern France)
13 Route de Borny
57070 Metz
Time Zone:
Phone: (+33 3) 87 56 49 00
EMail: antoine.hubert@groupe-excel.fr
GROUPE EXCEL GRAND EST (Eastern France)

Mulhouse
Time Zone:
Phone: (+33 3) 87 56 49 00
EMail:
GROUPE EXCEL GRAND EST (Eastern France)

Nancy
Time Zone:
Phone: (+33 3) 87 56 49 00
EMail:
GROUPE EXCEL GRAND EST (Eastern France)

Sarrebourg
Time Zone:
Phone: (+33 3) 87 56 49 00
EMail:
GROUPE EXCEL GRAND EST (Eastern France)

Sarreguemines
Time Zone:
Phone: (+33 3) 87 56 49 00
EMail:
GROUPE EXCEL OUEST (Western France)
65 Rue du Bois Brule
44115 Basse Goulaine
Time Zone:
Phone: (+33 2) 51 71 0210
EMail: antoine.hubert@groupe-excel.fr
GROUPE EXCEL OUEST (Western France)

Beacouze
Time Zone:
Phone: (+33 2) 51 71 0210
EMail:
GROUPE EXCEL OUEST (Western France)

Fouesnant
Time Zone:
Phone: (+33 2) 51 71 0210
EMail:
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There was an error retrieving information from our database, please try again later.
GROUPE EXCEL OUEST (Western France)

Lesneven
Time Zone:
Phone: (+33 2) 28 01 15 65
EMail:
GROUPE EXCEL OUEST (Western France)

Nantes
Time Zone:
Phone: (+33 2) 51 71 0210
EMail:
GROUPE EXCEL OUEST (Western France)

44115 Ploemeur
Time Zone:
Phone: (+33 2) 51 71 0210
EMail:
GROUPE EXCEL OUEST (Western France)

Ploemeur
Time Zone:
Phone: (+33 2) 51 71 0210
EMail:
GROUPE EXCEL OUEST (Western France)

44115 Saint Brevin
Time Zone:
Phone: (+33 2) 51 71 0210
EMail:
GROUPE EXCEL OUEST (Western France)

Saint Renan
Time Zone:
Phone: (+33 2) 28 01 15 65
EMail:
GROUPE EXCEL OUEST (Western France)

44115 St Andre le Marche
Time Zone:
Phone: (+33 2) 51 71 0210
EMail:
GROUPE EXCEL OUEST (Western France)

44115 St Barthelemy Anjou
Time Zone:
Phone: (+33 2) 51 71 0210
EMail:
GROUPE EXCEL OUEST (Western France)

Villedieu La Blouere
Time Zone:
Phone: (+33 2) 51 71 0210
EMail:
GROUPE EXCEL PARIS - ILE DE FRANCE

Brionne
Time Zone:
Phone: (+33 2) 40 15 66 15
EMail:
GROUPE EXCEL PARIS - ILE DE FRANCE

Cergy Pontoise
Time Zone:
Phone: (+33 2) 40 15 66 15
EMail:
GROUPE EXCEL PARIS - ILE DE FRANCE

Ecouan
Time Zone:
Phone: (+33 2) 40 15 66 15
EMail:
GROUPE EXCEL PARIS - ILE DE FRANCE

Joinville le Pont
Time Zone:
Phone: (+33 2) 40 15 66 15
EMail:
GROUPE EXCEL PARIS - ILE DE FRANCE
c/o Benjanin-Demarge-Maehawa
19 Rue de Purbigo
75002 Paris
Time Zone:
Phone: (+33 2) 40 15 66 15
EMail: antoine.hubert@groupe-excel.fr
GROUPE EXCEL PARIS - ILE DE FRANCE

75002 Rozay en Brie
Time Zone:
Phone: (+33 2) 40 15 66 15
EMail:
GROUPE EXCEL RHONE-ALPES (South Eastern France)

Grenoble
Time Zone:
Phone: (+33 4) 74 66 02 85
EMail:
GROUPE EXCEL SUD EST (South Eastern France)

Champagne au Mont d'Or
Time Zone:
Phone: (+33 4) 74 66 02 85
EMail: