|Local Time (LIVE):||4:14 PM|
|Local Currency:||$1 = €0.84|
|Business Language(s):||French (recommended), English|
|Tax Year Dates:||1st January – 31st December|
For companies looking to expand internationally, France offers up huge opportunities as the second-largest economy and exporter in the EU. The country continues to maintain its status as a world leader in trade and tourism as well as research and development. Its main exports include machinery, such as for aircraft, spacecraft, and vehicles.
In addition to the economic opportunities in France, business owners can enjoy the added benefit of the country’s strategic position. Part of the reason behind France’s trade success throughout history is due to its location close to other wealthy countries. It’s bordered by Belgium, Luxembourg, Germany, Switzerland, Italy and Spain. Not forgetting the UK to the north, and the Atlantic Ocean to the west – historically offering advantageous links to the Americas. Travel in and around France is simple, with extensive public transport networks as well as 50 airports. The largest international airport, Paris-Charles de Gaulle Airport, offers flights to almost 300 destinations in 113 different countries.
Despite the strategic advantages and opportunity for growth, there are a number of challenges to overcome when doing business in France, none more so than payroll and HR. With unique social security systems in place, high corporate rates and naturally, a language barrier, it’s vital to understand the ins and outs of French legislation, payroll and HR compliance. This is where FMP’s HR and payroll services will help.
Working & Living in France
For information on what it’s like to work and live in France, check out our Living & Working in France Guide.
Details correct at time of publication. You should not rely on these details without first seeking professional international advice.