Auxadi France
With a GDP of US$2.6 trillion, France is the sixth largest economy in the world and holds a strategic position in the centre of Europe. One of the founding members of the Eurogroup, it is the second most populous Member State, holding a revered place in the EU.
France ranks 32 out of 190 countries in the World Bank’s Ease of Doing Business Index and is a country of services. This sector contributes nearly 70% of GDP and employs three quarters of the population according to the World Bank. The Industry sector, especially manufacturing, accounts for 20% of the country’s wealth, highlighting the telecommunications, electronics, automotive and aerospace sectors.
France is pro-business with a sophisticated financial market, and its overseas territories can help ease access to the Caribbean and South America. It’s main economic sectors include real estate, electronic products, finance and insurance, pharmaceuticals, agrifood and tourism.
On the other hand, France has one of the most expensive workforces and the highest taxes in the EU. Since January 2019, companies are obliged to withhold personal income tax on salaries, payments to professionals or rents. Working with experienced and knowledgeable partners will be vital when expanding or investing in France.
France
With a GDP of US$2.6 trillion, France is the sixth largest economy in the world and holds a strategic position in the centre of Europe. One of the founding members of the Eurogroup, it is the second most populous Member State, holding a revered place in the EU.
France ranks 32 out of 190 countries in the World Bank’s Ease of Doing Business Index and is a country of services. This sector contributes nearly 70% of GDP and employs three quarters of the population according to the World Bank. The Industry sector, especially manufacturing, accounts for 20% of the country’s wealth, highlighting the telecommunications, electronics, automotive and aerospace sectors.
France is pro-business with a sophisticated financial market, and its overseas territories can help ease access to the Caribbean and South America. It’s main economic sectors include real estate, electronic products, finance and insurance, pharmaceuticals, agrifood and tourism.
On the other hand, France has one of the most expensive workforces and the highest taxes in the EU. Since January 2019, companies are obliged to withhold personal income tax on salaries, payments to professionals or rents. Working with experienced and knowledgeable partners will be vital when expanding or investing in France.
Why Auxadi is trusted as an expert outsourcing provider in France
Auxadi is can support you with your global expansion and investments in France. We offer accounting, tax and payroll services, acting as a seamless extension of your finance department. With over 40years’ experience, a single-point-of-contact delivery model and our leading MySPV technology platform, we offer an unrivalled solution that can help you grow your business.
The formalities for setting up a company in France have been greatly simplified thanks to the “One-Stop Shop for the creation of companies”, where all administrative formalities can be carried out. A company can be set up in just four days at a cost of less than 1% of per capita income.
The range of entity options is wide, and includes Liaison Office, Branch and Subsidiary entities. There are distinct and rigid rules surrounding M&A.
International Accounting, Tax and Payroll in 50 countries
Corporations
We can help you with your international expansion and we serve more than 600 clients across many different sections. We become an extension of your finance departments abroad and you can access the accounting information of all your international subsidiaries through a single portal, customised to meet your needs.
Funds
With nearly $7 billion of assets under management, we can take of the corporate management and SPV administration of your investment structures. Whether you’re creating a holding structure in Luxembourg or setting up a SPV in Europe and Latin America, we offer accounting, reporting, tax compliance and directorship solutions to help make your life easier.
Our services
Accounting Specialists
Companies are required to submit accounts in French, in accordance with the French General Accounting Plan (GAP). Companies are obliged to publish their accounts according to the basic system, abbreviated or developed according to their legal form and size.
There are three levels of reporting: the basic system (normal), an abridged system (for small companies) and a developed system. Which system each company uses depends on the legal form and size of the company, defined in relation to the balance sheet total, turnover and employee count.
Reporting is annual for non-listed companies, while listed companies must report quarterly.
We help global corporations and fund managers with all their corporate accounting requirements, using our bespoke technology platform, MySPV.
Our accounting experts in France can help manage:
- Accounting and bookkeeping
- Management accounting
- Statutory accounting
- Official Books and Annual Accounts
- Cash management (including payments)
- Reporting
- Consolidation of finanical statements
- Bank account tracking
- Treasury and cash flow forecasts
- Audit assistance
Tax Specialists
France has a wide network of double taxation agreements with the major trading partners. Most of them stipulate a reduced rate (from 0% to 15%). The country also offers a wide range of tax incentives to investors.
French corporate income tax is 25% (from financial years beginning on or after 1 January 2022), with surcharges for large companies, and a tax-free threshold for SMEs. Basic VAT is 20% for goods and services.
France’s tax consolidation regime allows corporate groups to offset income and losses generated in France from their consolidated financial statements, as well as to eliminate the transactions carried out within the companies belonging to the group.
There are specific and rigid rules surrounding transfer pricing – including five-figure penalties for non-compliance.
Let our expert tax team in France take care of intricate local taxation rules, using our purpose-built automation technology, so you and your operations remain tax compliant.
- Tax compliance – covering multinational, federal, state, and municipal taxes
- Official Books and Annual Accounts
- Assistance with tax inspections and audits
- Tax reviews and claims
Payroll Specialists
France has extensive and complex labour laws, and one of the most expensive workforces in Europe. Over 95% of French workers are covered by collective bargaining agreements – even in non-unionised industries. The French Labour Code is, therefore, supplemented by more generous rules in areas such as paid leave, maternity leave, medical cover and even working hours.
In France, contract negotiations take place at the national, sectorial and company levels. French labour law provides an extensive role for employee representatives and for organised labour. Strikes are common in France and part of the social fabric.
Our experienced and knowledgeable team of payroll specialists in France will use our unique payroll technology platform to manage your payroll function.
Monitor and manage your international subsidiaries with our MultiCountry online platform
Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.
Get access to Auxadi corporate materials and technical guides to know more about us.
Meet the team
Rima Yousfan
Senior VP, Head of International Corporations
Auxadi in France
22, Rue Saint Augustin
75002 Paris
Tel: +352 2843 1120
Count on our professional and extensive experience in the French market, for your investments in France and elsewhere in Europe, the United States and Latin America.