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France

Company Formation and Related Services

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Buying a European shelf company with VAT number

Whenever you need to start doing business immediately in a European country and you need a company with a VAT number, you don’t have to wait for the bureaucratic procedures.

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Partner Law Firms

We encourage you to contact our partner law firms in Bucharest: Rolegal and E&C, both part of our legal network.

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Tax Minimization Structures

BridgeWest is specialized in special corporate structures designed for tax minimization. No matter where you want to incorporate your company, you will need to consider how you can legally minimize costs.

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Doing Business in France

August 24, 2011, 1:28 am
BridgeWest

Country profile

France is a republic with 22 administrative regions that contain 96 departments. Its population of 65 million lives either in the metropolitan area, or in overseas territories. France is considered the largest West-European Country, with a surface of 545,630 kilometers square of land and 1,400 kilometers square of water. Overseas French territories include Guadeloupe, Martinique, French-Guyana and Réunion, with similar legal systems as the metropolitan area and French Polynesia, Wallis, and Fortuna as well as Mayotte, St. Pierre and Miquelon with their own local rules. There are also French Southern and Antarctic Territories and the atoll of Clipperton, together with New Caledonia, a nation that fights at present for independency, which will be decided in a referendum scheduled in the next seven or eight years. France’s neighbours are Belgium, Switzerland, Luxembourg, Spain, Italy,Germany, Andorra and Monaco. The capital city of France is Paris and other important cities are Marseille, Lyon, Toulouse, Strasbourg, Nice, Rennes, Lille, Bordeaux. French inhabitants are French speakers, in a country where the currency is euro since 1999. France is part of EU, UN, NATO, G8 and many other international groups. 

Statistics

France is a leader in Western Europe because of its size, location and large economy, together with the membership in almost all European organizations, strong military posture, and energetic diplomacy. The Gross Domestic Product in 2010 was 2.580 trillion dollars, with a 1.5% growth rate. The unemployment rate is pretty high though, with 9.5% of the labor force in search of a job.France is facing a high level of immigration lately, with 3.56 in 1,000 people.

Main industries

France is a large economy, with substantial agricultural resources, a large industrial base, and a highly skilled work force. Its main industries focus on aerospace, automotive, pharmaceuticals, tourism, industrial machinery, food and drink.

Some of the most important industries in Paris are tourism, finance, banking, pharmaceuticals, fashion, telecommunications, media and automobile. Besides, 40% of employees found themselves a job in printing industries in the French capital city.

In Strasbourg, the main industries are metal casting, machine and tool construction, oil and gas refining, and boatbuilding.

Lyon is a major banking and pharmaceutical power in France, while Marseille is well-known for its oldest industry of manufacturing the soap.

Salaries

France has a well-developed economy, with a high standard of living and, consequently, a high medium income. A French employee earns a medium wage of 3,600 EUR per month, his minimum possible salary being 1,392 EUR.

Main corporate taxes

The standard corporate tax in France is 33.33%. A reduced 8% tax rate applies to long term capital gains, and 15% corporate tax rate applies to the fraction of profits of companies owned in 75% by natural persons, with a profit of 38.120 EUR.

The VAT in France or Value Added Tax has a standard rate of 19.6% since April 2000 and applies to the majority of products and services, while the reduced rate of 5.5% applies only to some sectors, such as public health or culture.

In France, taxpayers are able to choose the standard dividend tax rate of 18% applied to gross dividend with no deductions or abatements or for the regular scale rates which apply for each business with relevant deductions or modifications.

If you are late for paying the taxes, you are subject to a 10% penalty.

BridgeWest offers assistance for setting up a company in France, including virtual office and other related services.




Open Business in France
We guarantee a cost-efficient solution for full company setup, bank account and VAT registration
Company Formation in France

Paris

Setting up a company in France can be done in a short amount of time and implies low costs.

Any person - no matter his or her nationality or residency - can be a director or a shareholder in a company in France. Shareholders of a Fren ... [More]

Lawyers in France

Paris

BridgeWest provides a wide range of legal services in France through our affiliated French lawyers and Law Firms in Paris and other major cities in France. We are mainly specialized in the main aspects of French Commercial Law, including Company F ... [More]