Why Set Up Business in France?
Thinking of Setting Up a Business in France? Here’s Why You Should
Businesses looking to expand and take their influence a step further into the international market will be faced with this one challenge – where do they set up? With a myriad of possibilities to choose from, finding the right country to set up a business can prove to be a challenge on its own.
While different countries have their own unique appeal about them, there is one country in Europe that stands out among the others. And that’s France.
A Leader Among the European Nations
A country that is rich in history and independence, France also has strategic location working in its favor when it comes to why businesses should consider setting up in this vibrant hub. Sharing its border with six other countries makes France a natural crossroad, ideal for both European and International trade. It is also the largest country in Western Europe.
Huge Market Potential
Being the largest country in Western Europe, the purchasing power is the strongest here. With approximately 64 million people calling this country home, both local and international businesses have the opportunity here to reach out to the diverse market and offer a wide range of services to meet the needs of the people. And taking into the account the number of tourists that flock to the city of love every year, that’s an even greater business opportunity just waiting to be seized.
Welcoming Towards Foreign Investors
Setting up a business in France is not as difficult as one might initially think. For one thing, the rules and regulations for setting up companies are all similar regardless of the business’s origin. The procedures for setting up a business in France is in fact now easier than ever because it can be done online. How easy is that?
Manageable Start-up Costs
Compared to other G20 countries, the start-up costs involved in setting up a business in France is much easier than you might think. Some of these costs include:
- Facility costs
- Utility costs
- Taxes for mandatory procedures
- Corporate tax
- Labour costs
On average, it takes approximately 7 days to set up a new business in France.
Productive & Dynamic Workforce
France has one of the best ranking scores in terms of productivity. When compared with other European countries, France has one of the best hourly productivity rates. France also places emphasis on its quality of life which is reflected in its environment, cost of living, culture, infrastructure and economy.
The Ease of Currency Exchange
Having both Franc and Euro makes it easier for business owners to do business with other European countries. If opening a business from Malaysia for example, the exchange rate between the RM and Euro or Franc gives the Malaysian business a bit of an edge in terms of revenue and profit.
France is a beautiful country, rich with culture and a diverse group of people. Setting up a business in France, when done right, could be just the right step that a business needs to launch it into its next level of success.