France

France: Diverse Subsidies to the Investors

Page: 2/2

The European Union specifies special regulations for major projects with an amount of more than 50 million Euros, if these are implemented by one or more companies within a period of three years and display an indivisible economic combination. In this case, the country informs the European committee regarding the sponsorships, wherein the upper limits are regionally different.

In specific regions with disadvantages, the local public authorities – from the local authorities via the departments through to the regions – furthermore decide that a company shall be completely or partially exempted from local taxes, if it settles there, expands or takes over a different company in need of rehabilitation. The exemption of such taxes is limited to five years.

Gallery

The development bank explicitly welcomes the dedication of foreign companies

Preferential financing for investments are offered through the development bank BPI France, which France has established according to the model of German KfW. "The dedication of foreign companies is a positive, essential factor to create workplaces and to stimulate national economy", explained Nicolas Dufourcq, Director General of BPI France.

The subsidiaries of foreign companies could therefore profit from the financing, according to the same criteria as the French companies. The employees in 42 regional branches of the development bank as provided as contact persons. "The financing models of BPI France contribute towards the attractiveness of investment location, where we want to welcome more foreign partners every day", said BPI-France-General Director Dufourcq.

Subscribe to the newsletter now

Don't Miss out on Our Best Content

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy.

Unfold for details of your consent

(ID:43842588)