AGN Live Country Guides

Doing Business in France

Published in June 2016

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:

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.


Air transport opportunity in Greece     (November 2016)

Calling businesses involved in airport and waterdrome operation and associated services, seaplane servicing, air tourism services, scheduled flights, charter operation and air freight.   

The Greek government is set to introduce a huge expansion in its air travel infrastructure through the development of a series of new Waterdromes in the Greek territory. The plan is for 60 new facilities by 2025 which will be served by a 20 seaplanes fleet. The estimated investment requirement is €43,83m.

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


AGN Tax Publications:

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 in 2016. 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 2016

European Countries Comparison


The 2016 corporate tax survey covers most European countries (including Israel, Turkey and Ukraine) 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 2016

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, 2016, 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 2016

European Countries Comparison


The objective of the survey is to establish how much of a self employed’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 salary 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 a net turnover of €100,000.
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:


June 2017

2017 EURM - another successful conference


The 2017 European Regional Meeting was held in Budapest, Hungary and featured many new sessions, networking, and idea sharing.

read full article to learn more
 


December 2016

A TAX International Becomes an AGN Member Firm


AGN welcomes A TAX International (ATI) into membership. Located in Ljubljana, Slovenia, the firm is focused on doing business internationally.

read full article to learn more
 

AGN Firms in the country


France
BM&A
11 rue de Laborde
75008 Paris
Phone: +33 (0) 1 40 08 99 50
EMail: contact@bma-paris.com
BM&A - Lyon
32 rue de la Republique
69002 Lyon
Phone: +33 (0)4 69 98 00 25
EMail: contact@bma-lyon.com
Caderas Martin S.A.
43, rue de Liege
75008 Paris
Phone: (+33 1) 44 90 25 25
EMail: contact@caderas-martin.com
Dixon Wilson
19 Avenue de l'Opera
75001 Paris
Phone: (+33 1) 47 03 12 90
EMail: sophie.lemaitre@dixonwilson.fr
GROUPE EXCEL
65 Rue du Bois Brule
44115 Basse Goulaine
Phone: (+33 2) 40 15 66 15
EMail: antoine.hubert@groupe-excel.fr
GROUPE EXCEL

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

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

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

Clamart
Phone: (+33 1) 44 82 78 84
EMail: antoine.hubert@groupe-excel.fr
There was an error retrieving information from our database, please try again later.
GROUPE EXCEL - Sud Est

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Six Fours
Phone: +33 4 42 60 05 78
EMail:
GROUPE EXCEL - Sud Ouest
150 Avenue d'allemagne
82002 Montauban
Phone: (+33 5) 63 21 74 00
EMail: antoine.hubert@groupe-excel.fr
GROUPE EXCEL BOURGOGNE (Burgundy)

Auxerre
Phone: (+33 3) 86 54 47 04
EMail:
GROUPE EXCEL BOURGOGNE (Burgundy)

Avallon
Phone: (+33 3) 86 54 47 04
EMail:
GROUPE EXCEL BOURGOGNE (Burgundy)

89700 Beaune
Phone: (+33 3) 86 54 47 04
EMail:
GROUPE EXCEL BOURGOGNE (Burgundy)

89700 Dijon
Phone:
EMail:
GROUPE EXCEL BOURGOGNE (Burgundy)

Migennes
Phone: (+33 3) 86 54 47 04
EMail:
GROUPE EXCEL BOURGOGNE (Burgundy)

Sens
Phone: (+33 3) 86 54 47 04
EMail:
GROUPE EXCEL BOURGOGNE (Burgundy)
1 rue Georges Pompidou
89700 Tonnerre
Phone: (+33 3) 86 54 47 04
EMail: paupert@groupe-excel.fr
GROUPE EXCEL GRAND EST (Eastern France)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Joinville le Pont
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
Phone: (+33 2) 40 15 66 15
EMail: antoine.hubert@groupe-excel.fr
GROUPE EXCEL PARIS - ILE DE FRANCE

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

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

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