In the event you’re an Australian who desires to increase their enterprise into Europe, then France is changing into the go-to place for Australian commerce and startup entrepreneurs who need to break into EU markets.
France is now the hub of European startups and has established itself as a hothouse of startup expertise. Funding and help for startups in France have taken off, thanks largely to the creation of tech hubs in each main metropolis, and the world’s largest tech campus Station F in Paris.
The benefits of selecting France, particularly for commerce companies which depend on entry to import and export markets in Europe, is that France is situated in a wonderful place for connecting to each Northern and Southern Europe. It borders Belgium, Luxembourg, Germany, Switzerland, Italy and Spain, in addition to the unbiased south coast nook of Monaco. Along with the quick hop throughout the channel to the UK and Eire, and direct delivery lanes throughout the Mediterranean to Africa, France is completely situated for simple entry to a complete host of potential prospects.
As soon as your French firm is integrated with a registration quantity, you possibly can present a variety of companies in addition to importing and exporting fairly freely, so long as you adjust to laws. When your organization has a French registration quantity, you possibly can simply get an EORI quantity – which stands for Financial Operators Registration and Identification system – that means that you can import and export items all through the EU. It makes administration a lot simpler on the subject of the borders and customs authorities, and streamlines the declaration of products because it means you’re thought to be a French firm who imports from outdoors the EU, versus a overseas exporter who desires to import into the nation.
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There are additionally benefits in with the ability to open a European checking account and bill from Australia in euros, which may get monetary savings in foreign money alternate companies. And by having a enterprise tackle in France, not solely does it give your online business some further credibility (particularly when you’ve got an tackle within the modern capital of Paris) however it’s also possible to apply for non permanent or everlasting work permits and visas, which let you keep, work and even turn into an EU citizen, not simply in France, but in addition all through the remainder of Europe.
When it comes to taxes, your French firm is liable to pay French taxes however for those who’re a shareholder or authorized consultant of the corporate and you continue to stay in Australia, you’re solely liable to pay your revenue tax in Australia. In the event you’ve determined to make the transfer to France and turn into a resident of France, then solely the French declaration and charges would apply. Because the French company tax is simply 26.5% in comparison with Australia’s 30%, that might achieve you a hefty quantity if your online business is profitable, to not point out the decrease tax charges on capital positive factors.
French enterprise laws
The very best kind of firm for Australians to open in France is named an SAS – the Société par Actions Simplifiée, which is a restricted legal responsibility firm. The primary traits of an SAS are as follows:
- The minimal share capital was not too long ago diminished to €1 however we advocate a minimal quantity of round 4,000 euros. Please keep in mind that that is “working capital” and this may be taken out of the account to be used at any time.
- Not less than one director (referred to as a President) and one shareholder is required. They are often the identical individual.
- The president could be a authorized entity, not essentially a bodily individual.
- An auditor could possibly be required if the annual turnover exceeds 8,000,000 euros and/or when you’ve got greater than 50 staff, however that is unlikely the case at the beginning of the SAS.
Underneath French legislation, a registered tackle is obligatory. You may apply for a digital workplace (with mail forwarding and scanning companies, and phone answering companies) or you possibly can go for an workplace, manufacturing unit or warehouse location. No matter you select, it’s simple to vary between the 2, or change addresses for those who choose. Many Australian entrepreneurs begin off with a prestigious headquarters tackle in Paris which then permits them to arrange branches in different French cities comparable to Lyon, Bordeaux or Aix en Provence. With France’s nice 5G protection and broadband connections, it’s potential to decide on anyplace that takes your fancy. And with sturdy Australian connections in France’s enterprise communities comparable to Enterprise France and the French Chambers of Commerce and Trade, you’ll discover loads of assist at hand to clean your means into French commerce.
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One of many optimistic outcomes of the pandemic is that on account of difficulties in travelling for overseas entrepreneurs, the French enterprise system loosened sure restrictions meaning you are able to do just about every part comparable to arrange your organization, kind out a checking account and arrange your workplace, all remotely.
For extra data on how one can arrange a enterprise in France for those who’re an Australian, you possibly can obtain our free information under or check out our designated web page for Australian entrepreneurs.
