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Can anyone comment on what it's like to run a startup or a smaller high-tech outlet in France? Taxes, social insurance / humangous vacations, bureaucracy matter
by eps 14y ago
Can anyone comment on what it's like to run a startup or a smaller high-tech outlet in France? Taxes, social insurance / humangous vacations, bureaucracy matters - the boring day to day stuff. I'm sure I'm not the only one playing with an idea of moving to Europe, so a first hand account would be much appreciated.
- pilooch 14y agoSure. Low (or even no) taxes on yearly income if you locate your startup well (e.g. put it in an area that gets subventions or tax cuts, checkout so-called ZFU aka Zone Franche Urbaine). If you're innovating (which is, really, an administrative term, that you can put anything under), you'll get tax rebate on the salary mass that you dedicate to R&D. Even further, your startup can be labeled as a 'young innovating company' (JEI, aka Jeune Entreprise Innovante) and you get even more benefits. I (with others) operate a startup with entities both in France and in the US. It is cheaper for us to leave R&D in France because of the subventions mentioned above. Sure, you'll still get plenty of taxes and the euro is strong, which may be good or bad depending on your activities. PM me if you need more details.