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Show HN: How to start a business in France

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41–50 of 69 posts

Re: Show HN: How to start a business in France

#41
what are the advantages of opening an llc in france compared to the US/UK/HK?

what about taxation?

how easy can I take money out of the company?

how easy is it to close a business?

couldn’t find anything on the website. is there a gov.uk equivalent i could check?

Re: Show HN: How to start a business in France

#42

I am French and I applaud at any initiative to help the part of the French economy not under the government control (circa 45%)! 1. But even if my browser is set to English, I see French on https://embauche.beta.gouv.fr/ and most of the issues on the Github repository are written in French! What signal do you want to send? 2. As one can find on " https://embauche.beta.gouv.fr/" the employee gets only half of what the…

I'm not sure what you mean by "deep pockets" of the "Sécurité Sociale" (is it "deep" in the sense that it's seen as bottomless, has a rather big deficit for parts of it, and it kinda assumed to be bailed out by taxpayer ; or "deep" because someone keeps the money ?) Also, we have to make one thing clear about the whole system in France, that's quite different from other places: your employer does not pay for your ret…

Its not that unique social system, quite contrary - a lot of countries have this setup since 50s or 60s. Eastern Europe is moving/moved from this system in many cases.

You can either save for yourself (ie in mandatory pension funds) and have a risk of bankruptcy (with some governmental cover, but can't expect 100%), or have a system where current workers pay pensions for current retirees, or some mix of those. And all you can do is hope hard that once you retire, there will be enough people working for your pension (it won't). You have to save/invest aside to be really safe in 20-30 years - not really great social system if you ask me. Expect retirement age to be raised gradually exactly because this is failing.

It is utterly unsustainable, demographic curve and raw numbers won't let you do miracles, and you can't rely on pure immigration to fix this these days.

Happy to be in the system which doesn't work like that, I can see how much I have spared, what is the projection for retirement etc. I can decide when I to retire and manage with what I have saved.

Re: Show HN: How to start a business in France

#43
Congrats for the successful Show HN maelito.

If you're located near Paris, we are starting a new meetup about programming and startups. The first drink will be held the 6 november near Bastille (where the French Revolution started):

http://meetup.com/dailyprog/events/tmsrjqyxpbjb

I hope some people from Beta Gouv will come. I do my best to promote that new community (especially towards VCs).

Feedbacks and insights are welcome :-)

Re: Show HN: How to start a business in France

#44

Earlier quoted context omitted.

Same here. I left because France is not attractive indeed. And I also agree core changes are needed to make France attractive for entrepreneurs. At the same time, the points that OP makes are still valid :). For someone that wants to open a company, social aids and healthcare access can matter. Other countries are more open than France is, but it doesn't make France a black hole where nobody can make a good career. T…

You're right that this initiative is one step in the right direction. I don't want my comments perceived as too negative. I'm one of the people singing "Let's make France great again!"

Amen to that !

Re: Show HN: How to start a business in France

#45

I am French and I applaud at any initiative to help the part of the French economy not under the government control (circa 45%)! 1. But even if my browser is set to English, I see French on https://embauche.beta.gouv.fr/ and most of the issues on the Github repository are written in French! What signal do you want to send? 2. As one can find on " https://embauche.beta.gouv.fr/" the employee gets only half of what the…

> most of the issues on the Github repository are written in French! What signal do you want to send?

The source of that website is the French law anyway, the code is just for reference, you have to understand French to do business in France.

Re: Show HN: How to start a business in France

#46
post #27

Earlier quoted context omitted.

The median salary is around 1800 euros for workers[1]. Not sure where you got the 1200 euros figure from. [1] https://www.insee.fr/fr/statistiques/3135908

No that is not the median salary but average salary: In addition they are increased as if their were for 1600h/year (équivalent temps plein)

No, that is the median EQTP. The average is around 2250 euros/month EQTP.

Re: Show HN: How to start a business in France

#47

Earlier quoted context omitted.

That's because in France you get indirect salary as well whereas in other countries you have to pay some of those things from the indirect salary from your own pocket. To compare to a US salary, I would personally add 30 to 40% to those raw figures to reflect external costs. > Something else to note is also employment laws, which are way more strict in France and makes it either extremely expansive or just impossible…

There is no concept of indirect salary I am aware of. Do you mean that medical insurance is paid straight out of your salary to the state? This is a huge benefit to US, but only US - all european countries apart from Switzerland have this, and many other palces around the world too. Or you mean social insurance? Same story, you pay it from the money your employer pays you, its just that you don't do it by yourself -…

They also created a calculator if you speak French: https://embauche.beta.gouv.fr/. So the employer also pays the retirement, health insurance, unemployment benefits, work accidents and family benefits.

Re: Show HN: How to start a business in France

#49
I went through this process myself recently and found it to be pretty challenging to understand the differences between the company types - particularly since my french is still pretty weak. This is a great resource though, wish I knew about it sooner!

Re: Show HN: How to start a business in France

#50
post #41

what are the advantages of opening an llc in france compared to the US/UK/HK? what about taxation? how easy can I take money out of the company? how easy is it to close a business? couldn’t find anything on the website. is there a gov.uk equivalent i could check?

Taxation is one of our next features. How can the director pay itself (salary, dividends) is also on the list.
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