Presented by:

Group 4

Political system – republic

Capital city – Paris

Total area – 550,000 KM2

Population – 60.4 Million

Literacy Rate – 99%

Life Expectancy – 79.05 Years

Economy of France:

The share of France in world export and imports has been in the range of 4.7% to 4.9% and 4.6% to 4.8% respectively during 2002-04.

While countries like Greece Spain and Portugal have trade deficit, France has been on the side with trade with trade surplus trade balance of 11.2 billion in 2004 in the recent years.

Although France economy has performed well in the past, the country faces a daunting task in meeting with the fiscal challenge posted by the ratio of people retired to those employed doubling by 2030.

This has obvious implications for the sustainability of the countries pension scheme.

International mobility for foreign company directors and employees

France has implemented international mobility measures designed to

help bring in skilled employees and facilitate intra-group employee

mobility. As such, multi-year residence permits have also been

introduced that provide foreign nationals and their families with a

complete legal framework. A ‘one-stop shop’ has been introduced in

selected departments at the French Immigration and Citizenship

Office (OFII) to improve the quality of service to companies.

Expatriate personnel in France also benefit from tax and social

security measures specifically designed to offset the costs of

expatriation.

Flexible conditions for nationals from the European union (EU) and the European economic area (EEA)

EU, EEA and Swiss nationals are free to travel and work in France

without a visa, residence permit or work permit. They must simply

register with the mairie (municipal offices) of their commune within

three months of their arrival. Following the admission of Croatia to

the EU on July 1, 2013, only Croatian nationals are subject to

specific rules during a transition period expected to end by 2020.

During this time, Croatian nationals must obtain a work permit for

any work performed as an employee. There are no restrictions on

them finding work in one of the 291 sectors listed by the Ministerial

Order of October 1, 2012. With the exception of regulated

professions, commercial and industrial professions are not subject

to any restrictions.

Applying for a work permit for a short -term stay in France

The originating company sends a completed temporary work

permit application to the French local employment authorities

(Unité territoriale) at least three weeks before the arrival of

the foreign employee to obtain a temporary work permit.

The temporary work permit is valid for up to 90 days; the

short-stay visa cannot be renewed and the company must

ensure that the validity periods for the work permit and the

visa correspond. For foreign companies that regularly send

employees to their subsidiaries in France for assignments shorter

than 90 days, a government memorandum on November 12,

2010 allows them to apply for an annual work permit. Employees

can use this work permit to obtain a multiple-entry short-term visa

from their local Consulate which is valid for 12 months.

Government support for business

>>Subsidized or interest-free loans

>>Grants for physical investment projects and R&D

>>Reduced real estate costs

>>Tax exemptions

>>Exemptions from employer social security contributions

>>Tax credits

>>Covering certain expenses (e.g. training costs for new employees,

etc.)

>>Government guarantees

>>Equity investments

Problems in the France Business Environment

The Income tax burden in France is already high in

international comparison.

Water is a limited resource so it can be a major problems

for the Industrialist sector in the France economy.

France is ranked in the top 25 countries (on the corruption

perception Index of government organizations) in the world

for being perceived as least corrupt compared to 176 other

countries. There are laws, regulations and penalties to

reduce and prevent corruption in France. As a

consequence, the French legal system has witnessed

numerous investigations and successful convictions of

corrupt public officials and businessmen.

Conclusion France is the logical choice, with its location at the heart

of the EU.

Second Highest in FDI inflow.

23,000 foreign companies already in France.

Qualified and highly productive labor force, unparalleled infrastructure, and low business setup, real estate and electricity costs.

No. 1 in Nuclear Energy Production

Although France economy has performed well in the past, the country faces a daunting task in meeting the fiscal challenge posted by the ratio of people retired to those employed doubling by 2030.

This has obvious implications for the sustainability of the country's pension scheme.