France Market Entry Strategy
SETTING UP BUSINESS IN FRANCE
HOW TO OBTAIN FRANCE VISA?
BUSINESS OPPORTUNITY IN FRANCE
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How to set up Business in France?
The sixth largest economy in the world and the second largest in Europe, France with its high income represents one fifth of the Euro area GDP. It’s strategic location, highly developed infrastructure and world leaders in multiple sectors, under a strong leadership, Les Republicans en Marche makes a highly potential market to invest in. Anyone can set up a business in France. You do not need to be a French or EU citizen to become a French business owner. Infact if you are residing outside EU, you can still open a company in France which could mean opening a virtual office or finding actual premises for your business. Here are the steps of setting up business in France:
Choose the By-laws & Structure of Your French Company
/01
Open a French Business Bank account & deposit the requisite capital
/02
Announce the opening of your business in Press
/03
Register your company with Centre de Formalités des Entreprises & receive ‘Extrait Kbis’
/04
Apply for a EORI number for import and export internationally
/05
France is famous for it’s highly educated and skilled workforce, innovative business leaders, high-quality infrastructure and strong intellectual property rights make it attractive to set up businesses in France. According to the Ernst & Young G20 Entrepreneurship Barometer report 2013, it’s easier to start a business in France in comparison to most of other G20 countries: it’s cheaper, there are fewer steps, and it takes less time. The entire procedure required to set up a small to medium-sized business could take 4-5 days.
Here are a few tips on planning, legal issues, hiring, immigration, and taxes & an overview of the France market that would help you to build a expansion strategy for your business.
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Where to set up Business in France?
Location is one of the most important aspect to be considered while starting a business. No capital city is more glamorous and heady than Paris, but its desirability is reflected in the costs of doing business there. The attraction is obvious but does your business actually need to be there? What if you are able to find a large client base in a more affordable location, there are regional cities with good infrastructure that may make more economic sense & might offer more tax and commercial benefits.
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Top 3 Sectors for Investment in France
France is an advanced and industrialized country and has the second largest economy in Europe. With a GDP of USD 2715.52 billion, France has the sixth largest economy in the world. The economy currently demonstrates growth, after emerging from the financial recession of the 2008. Several industries are the major contributors to the economy, including energy, manufacturing, tourism, agriculture, technology, and transport. Here are the top industries which are growing rapidly and are most suitable for investment:
Energy
France is highly dependent on Nuclear power that currently generates 80% of the total electricity supply, they are seeking to adopt more renewable sources of energy such as solar, wind and hydro powered projects to replace the same.
Manufacturing
Manufacturing is among the largest industries in France, accounting for billions of dollars in the country’s GDP. The country is recognized as the 4th largest automobile manufacturer in the world and is also renowned for its aerospace sector.
Logistics
France with its strong transportation system, densest road network, strong railways and highest concentration of airports makes it a hub for Logistics companies along with its strategic location in Europe and Transatlantic transport network.
DOWNLOAD THE GERMANY MARKET ENTRY REPORT FOR FREE
Germany is a very attractive market for investors and new business owners alike. The large, diversified economy of Germany is supported by a well-developed, reliable infrastructure, a highly-skilled workforce, a positive social climate, a stable legal environment, and a long track record of world-class research and development. Download the German Market Entry report to learn more about this region’s business environment, entity types, taxes, incorporation requirements, and more.
Visa and Immigration
France aims to attract new generation of world-leading companies, boost innovation and job creations, they offer two types of visas based on economic activity.
French Tech Visa: These are available for Founders, Investors and Employees allowing a maximum duration of four years that may be renewed. This passport is also called "Business Investor Residence Permit" and applies for anyone investing personally, via a company they control; or via a company through at least 30% shareholdings. The visa is handled on a privileged one to one basis and can be initiated through the on-line portal, post which based on analysis and investment history and official acceptance letter is sent post which one can apply for a long stay visa or a residence permit.
Applying for the French residency permits provides access to state services and aids, the types of permits provided are as follows:
1. Carte de Sejour - Available to people under the French long-stay visa, who’d apply for a permit within three months or on arrival.
2. Carte de Resident - This application is for spouses of French citizens, expats retiring in France or renewal of Carte de Sejour.
Business Opportunities in France
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