Entries by Jean-Claude Armand

Young Innovative Enterprise and research tax credit : the accumulated tax savings

Young Innovative Enterprise and research tax credit (CIR) – Abstract Not only can the subsidiary of a foreign company acquire Young Innovative Enterprise but it can also accumulate it with the research tax credit under certains conditions. See the example below. An example of savings Young Innovative Enterprise status and CIR The data An American […]

CICE tax credit : what you need to know

CICE tax credit – Background To signicantly decrease the cost if labor on medium & low wages and and allow Corporate France to garner again market shares worldwide,  the French gouvernment enacted in 2012 the CICE tax credit. Who can benefit from the CICE tax credit? The entity needs to pay corporate tax in France. […]

Doing business in France : in brief

Doing Business in France – The context and underlying questions.. You represent a foreign business that wishes to start an operation in France and you know little or nothing about French business law, or tax and social security legislation. In particular, which legal status should you choose, with which fiscal consequences? Do you need to […]

Manager in France: what are your responsibilities?

On the verge of being appointed as manager in France, what are your responsibilities according to French commercial law and labor law? To begin with, it is key to know your official title? Manager in France and responsibilities; what is your official title? If the subsidiary is an SAS: According to French commercial law, legal representatives […]

Subsidiary in France: which legal status to choose?

When a foreign company wishes to create a subsidiary in France, it can either select the SAS status (French simplified joint stock company), or the SARL status (French limited responsibility company). The advantages and disadvantages of each status The SAS is comparable to the incorporated company in English speaking countries (or the AG in Germany), […]

Incorporating a business in France : how we assist you

The firm’s philosophy when incorporating a business in France At JC Armand and Partners, we do not settle for just informing you of the legal form that your business should adopt in France, particularly if you are a foreign group. Not only because texts in France dedicated to business law or taxation have many exceptions. It depends […]

Incentives in France: what you need to know

Incentives in France : background France has been always a land of breakthroughts : the country invented, among others, photography and the combustion engine, pioneered the automotive and the aircraft industries. It also discovered radioactivity and certain major deseases. Given the aforementioned facts, France started to support the high tec sector 30 years ago. The country beefed up the policy over the past years, by supplying a wide range of grants and tax credits. […]

Worldwide Innovation Challenge

What is the aim of the Worldwide Innovation Challenge?  This contest wants to achieve a couple of goals. The first one is to boost Innovation in France, by giving to the country a broader exposure in innovation and technology. Second, it  strives to attract talents, entrepreneurs and risk-takers from all over the world.  This challenge can finance projects in 7 key fields (energy […]

Employment subsidies in France

WHAT ARE THE CONDITIONS TO GET THESE SUBSIDIES ?   Employment subsidies in France can also be substantial, especially if the subsidiary or the branch  belongs to a group considered as a Small or Medium Enterprise (SME)  under the European definition and develops one or several technological innovation (such as biotechnology, heavy metal recycling, marine […]

Accounting in France

Accounting in France: overview Individual entrepreneurs are generally not subject to any accounting regulations whatsoever. However, practically, the are required to hold a double-entry accounting for tax purposes. However, companies in principle are under the obligation of presenting their (individual) financial statements every 12 months and eventually their consolidated financial statements. Individual annual financial statements […]

Liaison office branch or subsidiary: how to choose?

Answer: In order to establish a business in France, does a foreign company have to systematically create a subsidiary company? In other words, can we find solutions more flexible, less expensive?   A simple registration towards social bodies to hire staff, or  a liaison office, or a branch. The answer to this question depends not only on the […]

Milestones when starting a business in France

What you need to bear in mind when starting a business in France, regardless of your status : If you are a natural person, you can choose the status of individual entrepreneur. This status, which is not expensive and easy to obtain, is particularly suited to activities involving little capital, with a very small operational risk (consultancy […]

Cost of labor in France

Cost of labor in France: overview (general principles) The remuneration paid to wage earners is subject to social security contributions in France, provided that the wage earner works in France. On average, the sums paid by employers represent an average of 45% of the remuneration per contract of wage earners, and the sums paid by […]

Tax service in France

Why tax service in France is key?   Today’s business, legislative and regulatory tax environment in France is becoming increasingly complex. As a result,  preparing and issuing your tax return can be a task that leaves you with more questions than answers. How we work when rendering a tax service in France? When establishing your affiliate in […]

Innovation in France – The Young Innovative Company Status – JEI

The Young Innovative Company Status (JEI) – General overview The status of Young Innovative Company (JEI) enables young companies very active in R&D to get significant financial support to get past the hurdle of the first and most difficult years of their development. It mainly consists in a social expense (tax) exemption researchers’ salaries and corporation […]

Payroll service in France

Payroll tasks and services is one of those areas that grows as your business grows and often reaches a point of demanding a disproportionate percentage of your business’ administrative payroll dollars ou Euros.  At Jean-Claude ARMAND & Partners, our payroll specialists can help correct this imbalance. To this end, we not only comply with regulations, particularly in […]

Foreign companies : how to profit from the research tax credit in France?

Research tax credit in France –  Overview The research tax credit in France (in French “Crédit d’Impôt Recherche” (C.I.R.)) is a tax measure that enables a partial funding of research, development and experimentation (R&D) for companies; it can be in the form of a reimbursement or a reduction of corporate tax. International French group branch offices […]

Labor Law in France

Labor Law in France : what you need to know (general principles) French Labor Law seeks to protect wages and jobs and hence it is quite restrictive for employers. A wage earner is any individual employed by a company in which there is a relationship of subordination. This occurs whenever the employee does not hold […]

Legal forms in France

Corporate law and legal forms in France: what you need to know in a nutshell The main forms of capital-based companies are Limited Liability Companies (S.A.R.L.), Simplified Incorporated Companies (S.A.S.), and Incorporated Companies (S.A). The choice between these three solutions will depend on strategic and managerial considerations. An SARL is chosen (i) if the capital […]

Tax in France

General In France, more than in any other country, the more important a company is the greater the burden of taxes and duties it must bear in relation to turnover. Corporation Tax in France Individual entrepreneurs whose business is not considered a trade activity declare their results based on their cashbox accounts. All other businesses, […]

Accounting service in France

OUR COMMITEMNTS WHERE RENDERING AN ACCOUNTING SERVICE IN FRANCE   When we are in charge of the accounting for an international group, it is not only a matter of our preparing the mandatory financial statements to you, but we must also ensure that we fulfill the role of true financial managers. In this respect, we […]