= Doing Business reform making it easier to do business. = Doing Business reform making it more difficult to do business.
France passed a law that enables debtors to implement a restructuring plan with financial creditors only, without affecting trade creditors.
A fuller electronic connection between notaries and land registry decreased time to transfer property in France and made it easier to obtain encumbrance and ownership documents from the registry.
France enhanced the process of insolvency by encouraging pre-insolvency work-outs while also no longer requiring the estimation of the assets by a public auctioneer.
Update in salary ceilings changed the effective rates for social security and payroll taxes. Electronic filing became mandatory for social security contributions, effective January 1, 2007 for companies which are liable for more than 800,000 EUR in social security contributions
Trading Across Borders:
France speeded up and simplified its customs clearance procedures by introducing an electronic customs declaration and eliminating the need to submit certain documents.
The new Tele@ctes system allows notaries to access the land registry electronically, reducing delays.
A unified collateral registry which is centralized geographically became operational in France.