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PwC's France business network assists companies with expanding their international footprint. If you’re thinking about investing—or already have invested—in the United States or France, FBN's bicultural, bilingual advisors can help you navigate regulatory, language, cultural and other business challenges. Backed by our global team of trusted service providers, we can also work with your organization to manage assurance, tax and advisory issues, such as mergers & acquisitions, due diligence, valuations and investment exit strategies.
Recognized as a leader in research and development, the United States has more international patents registered than any other country. Innovators are protected by a well-structured intellectual property framework. Universities and incubators nationwide nurture new growth. The country ranks at the top for competitiveness and ease of doing business and has a diverse, skilled, innovative and mobile workforce. Geographically the world’s third largest country, the United States offers an abundance of resources and has the most developed, liquid, flexible and efficiency financial markets.
Over 4,600 French companies conduct business in the United States. The nation offers the largest consumer market globally and has free trade agreements with 20 countries, including France, who remains one of America’s top five foreign investors. The commercial relationship between France and United States supports investment, streamlines regulatory structures and increases trade. Foreign direct investment (FDI), including the Transatlantic Trade and Investment Partnership (TTIP), continues to stimulate the economies of both countries.
With over 65 million consumers, France is the second largest European economy and the world’s sixth. The country offers many supports for investment. Set-up and operating costs are lower in France than in many developed countries. For example, creating a company costs less than 1% of average per capita income versus the average 9% in other G20 nations. France has signed tax conventions with over 120 countries to preclude double taxation. The country also provides companies with a single contact for tax matters (Tax4Business) and adapted residence permits (Talents Passport, created in 2015). To promote innovation, France set up French Tech Ticket, a grant and a support mechanism for innovative entrepreneurs. And, in 2016, the Halle Freyssinet, the world’s largest incubator, brought together 1,000 start-ups in Paris. France’s research tax credit (Crédit Impôt Recherche, or CIR) is open to all companies and amounted to approximately €5 billion in 2015.
PwC's advisors have extensive experience working in the United States and around the globe. As you consider markets to enter, we'll help you calculate efforts and costs realistically and adapt approaches to local circumstances, including working conditions, communication styles and processes. Contact us today about any of our three main service areas: deals and consulting, cross-border tax services, and audit and assurance.
Learn more about US inbound tax services