4 ms·
Corporate tax is 30% But corporate tax alone is not a good way to evaluate the opportunity of creating your company in France. As a startup you are supposedly
by karambahh 10y ago
Corporate tax is 30%
But corporate tax alone is not a good way to evaluate the opportunity of creating your company in France.
As a startup you are supposedly doing innovative stuff and R&D so you actually get tax credits[0].
Crédit Impôt Recherche &Crédit Impôt Innovation brings you up to 30% of your R&D investment.
As a startup in France you are eligible to the Jeune Entreprise Innovante status which basically means you pay nearly no social contributions on the salary of your R&D personnel (which is a huuuge amount: as a rule of thumb, total cost of 1 salesperson is roughly twice his/her net salary. Paying half of that for your engineers is...cool).
As a startup in France you also get grants from BPI (Banque Publique d'Investissement) and colateral for your private loans.
As a startup in some regions of France you can get local grants which can be a huge amount as well (and Paris is not one of them).
If you want to try to get into the French Tech Ecosystem, there is a program similar to Startup Chile, French Tech Ticket[1], but the grant is only 25k€
To give an anecdotal example, I raised south of 1M€ of private equity (which is obvious a very small amount by US or european standards), but I got almost as much public grants/tax credits/local help. My colleagues/competitors located in the Paris region got substantially less local help for the same amount of money raised and comparable market/R&D programs.
[0] http://cache.media.enseignementsup-recherche.gouv.fr/file/CIR/18/1/CIRanglais08_33181.pdf http://cache.media.enseignementsup-recherche.gouv.fr/file/CI...
[1] http://www.frenchtechticket.com/ http://www.frenchtechticket.com/
- greenleafjacob 10y agoThe U.S. has an R&D tax credit as well [1] [1] https://www.irs.gov/businesses/small-businesses-self-employed/research-and-development-manufacturing-tax-tips https://www.irs.gov/businesses/small-businesses-self-employe...
- CaptainZapp 10y agowhich basically means you pay nearly no social contributions Doesn't that cut into the social security accounts of your engineering staff?
- maattdd 10y agoNo ! You still have full (health -including dental-, unemployment, retirement) social security for the engineering staff.
- CaptainZapp 10y agomerci