Description
On this detailed explanation concerning france is startup friendly.
FRANCE
IS STARTUP-
FRIENDLY
10
KEY INFO IN
POINTS
2
3
4
1
THERE ARE LOTS OF US
Most business startups in Europe (Eurostat).
SPEED OF SET-UP
In 2014, only 4.5 days were required to found
a company in France, versus 6 in the UK and 14.5
in Germany (Doing Business, World Bank).
COST COMPETITIVE
Business start-up costs for procedures (% of GNI per
capita) is 0.9 in France compared to 1.2 in the US and
8.8 in Germany (where it signi?cantly increased in the
last few years). It has remained stable in France
(Doing Business, World Bank).
AMBITION
The largest incubator in the world, Halle Freyssinet,
with more than 1000 startups by 2016. Paris alone
is home to 4,000+ tech startups. 100,000 sq. m. of
co-working spaces in Paris. More than 50 private
accelerator programs in Paris and “French Tech
Cities”.
5
6
7
FUNDING
Experienced and entrepreneur-friendly investors
ensure a solid seed-funding and VC ecosystem.
France is ?rst in the EU for Venture Capital Investment
for Startups with €384 million against €355 million
in Germany and €274 million in the United Kingdom
(Eurostat). Second largest VC ecosystem in Europe
(US$1.2 billion in 2013).
PRO-ACTIVE PUBLIC
POLICIES AT ALL LEVELS
Government, Regions, 9 “French Tech Cities”.
At the national level, President Hollande’s government
has made start-ups a priority with a cohesive policy
(40 measures). These include a ?scal freeze for all tax
measures supporting innovation, Entrepreneur Visa,
a crowdfunding law allowing startups to raise up to
€1 million….
A SPECIAL TAX STATUS
FOR ACCREDITED NEW
INNOVATIVE COMPANIES
Full exemption from tax on pro?ts. Exemptions
from employer payroll taxes and social security
contributions, up to a speci?c threshold. Exemption
from property tax / local business tax. €800 million of
Tax exemptions for 4,500 Young Innovative Enterprises
(since 2004).
8
10
9
FINANCIAL SUPPORT
Numerous government incentives and subsidies to
launch new ventures e.g.: “French Tech” grant of
€30,000 to launch a new venture; a €200 million
French Tech Acceleration fund for Startup accelerator
program; €500 million “Large Venture” fund for
venture capital injections; €600 million of Regional
Innovation Subsidies (2012); €600 million for the
European Innovation Grants (2012); €700 million worth
of Bpifrance subsidies & loans (2012).
SIMPLIFIED LEGISLATIVE
ENVIRONMENT
The French government has simpli?ed administrative
procedures and legislative or regulatory standards.
This reduces the number of tax accounting and
publishing obligations for SMEs and microbusinesses.
RESEARCH FRIENDLY
R&D tax credit covers 30% of all R&D expenses up to
€100 million, and 5% above this threshold. €5 billion
per year of for 20,000 businesses (SMEs – 88%).
For further information, please visit:
www.sayouitofrance.com
Business France
77, boulevard Saint-Jacques
75680 Paris Cedex 14 - France
Tel.: +33 1 44 87 17 17
Fax: +33 1 40 74 73 27 D
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doc_821013868.pdf
On this detailed explanation concerning france is startup friendly.
FRANCE
IS STARTUP-
FRIENDLY
10
KEY INFO IN
POINTS
2
3
4
1
THERE ARE LOTS OF US
Most business startups in Europe (Eurostat).
SPEED OF SET-UP
In 2014, only 4.5 days were required to found
a company in France, versus 6 in the UK and 14.5
in Germany (Doing Business, World Bank).
COST COMPETITIVE
Business start-up costs for procedures (% of GNI per
capita) is 0.9 in France compared to 1.2 in the US and
8.8 in Germany (where it signi?cantly increased in the
last few years). It has remained stable in France
(Doing Business, World Bank).
AMBITION
The largest incubator in the world, Halle Freyssinet,
with more than 1000 startups by 2016. Paris alone
is home to 4,000+ tech startups. 100,000 sq. m. of
co-working spaces in Paris. More than 50 private
accelerator programs in Paris and “French Tech
Cities”.
5
6
7
FUNDING
Experienced and entrepreneur-friendly investors
ensure a solid seed-funding and VC ecosystem.
France is ?rst in the EU for Venture Capital Investment
for Startups with €384 million against €355 million
in Germany and €274 million in the United Kingdom
(Eurostat). Second largest VC ecosystem in Europe
(US$1.2 billion in 2013).
PRO-ACTIVE PUBLIC
POLICIES AT ALL LEVELS
Government, Regions, 9 “French Tech Cities”.
At the national level, President Hollande’s government
has made start-ups a priority with a cohesive policy
(40 measures). These include a ?scal freeze for all tax
measures supporting innovation, Entrepreneur Visa,
a crowdfunding law allowing startups to raise up to
€1 million….
A SPECIAL TAX STATUS
FOR ACCREDITED NEW
INNOVATIVE COMPANIES
Full exemption from tax on pro?ts. Exemptions
from employer payroll taxes and social security
contributions, up to a speci?c threshold. Exemption
from property tax / local business tax. €800 million of
Tax exemptions for 4,500 Young Innovative Enterprises
(since 2004).
8
10
9
FINANCIAL SUPPORT
Numerous government incentives and subsidies to
launch new ventures e.g.: “French Tech” grant of
€30,000 to launch a new venture; a €200 million
French Tech Acceleration fund for Startup accelerator
program; €500 million “Large Venture” fund for
venture capital injections; €600 million of Regional
Innovation Subsidies (2012); €600 million for the
European Innovation Grants (2012); €700 million worth
of Bpifrance subsidies & loans (2012).
SIMPLIFIED LEGISLATIVE
ENVIRONMENT
The French government has simpli?ed administrative
procedures and legislative or regulatory standards.
This reduces the number of tax accounting and
publishing obligations for SMEs and microbusinesses.
RESEARCH FRIENDLY
R&D tax credit covers 30% of all R&D expenses up to
€100 million, and 5% above this threshold. €5 billion
per year of for 20,000 businesses (SMEs – 88%).
For further information, please visit:
www.sayouitofrance.com
Business France
77, boulevard Saint-Jacques
75680 Paris Cedex 14 - France
Tel.: +33 1 44 87 17 17
Fax: +33 1 40 74 73 27 D
e
s
i
g
n
a
n
d
p
r
o
d
u
c
t
i
o
n
-
-
J
a
n
u
a
r
y
2
0
1
5
days
r
e
q
u
i
r
e
d
t
o
f
o
u
n
d
a co
m
p
a
n
y
i
n
F
r
a
n
c
e
4,5
Only
foreign
investment
decisions
per week
13
65
A
c
c
e
s
s
t
o
a m
a
r
k
e
t
o
f
m
i
l
l
i
o
n
co
n
s
u
m
e
r
s
A
N
D
G
A
T
E
W
AY TO
T
H
E
E
M
E
A
Nearly
OF BUSINESS R&D
CONDUCTED BY
FOREIGN COMPANIES
30
%
doc_821013868.pdf