Business Reforms in France
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Protecting Minority Investors: France strengthened minority investors protections by increasing corporate transparency.
Paying Taxes: France made paying taxes less costly by lowering rates for social security and training contributions.
Dealing with Construction Permits: France made dealing with construction permits less expensive by reducing the cost of obtaining a building permit
Registering Property: France made transferring property more expensive by increasing property transfer tax rate and introducing an additional tax for businesses in Paris.
Labor Market Regulation: France reformed its labor legislation by introducing changes to the administration of labor tribunals, extending Sunday and evening work in areas designated as international tourist zones and facilitating employee employer dialogue.
Paying Taxes: France made paying taxes less costly for companies by introducing a credit against corporate income tax and reducing labor tax rates paid by employers.
Starting a Business: France made starting a business easier by reducing the time it takes to register a company at the one-stop shop (Centre de Formalités des Entreprises).
Labor Market Regulation: France substantially amended its labor market regulations, including the provisions dealing with large-scale collective redundancy processes.
Registering Property: France made transferring property easier by speeding up the registration of the deed of sale at the land registry.
Resolving Insolvency: France passed a law that enables debtors to implement a restructuring plan with financial creditors only, without affecting trade creditors.
Registering Property: France made transferring property easier and less time consuming by more fully implementing an online system that enables notaries to obtain encumbrance and ownership documents from the land registry electronically.
Resolving Insolvency: France enhanced its insolvency process by encouraging preinsolvency workouts and eliminating the requirement that a public auctioneer provide the estimation of the debtor’s assets.
Paying Taxes: France made paying taxes easier for companies by changing the effective rates for social security and payroll taxes and by making electronic filing mandatory for social security contributions by companies liable for more than €800,000 in such contributions.
Trading across Borders: France speeded up and simplified customs clearance procedures by introducing an electronic customs declaration and eliminating the need to submit certain documents.
Registering Property: France reduced the time required to register property by implementing a new system (Télé@ctes) allowing notaries to access the land registry electronically.
Getting Credit: France strengthened its secured transactions system by launching a unified and geographically centralized collateral registry.