|Local Time (LIVE):||3:08 PM|
|Local Currency:||$1 = €0.89|
|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. Despite the opportunity for growth, there are a number of challenges to overcome when doing business in France, none more so than differing 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.