One-stop shop to facilitate administrative procedures for foreign investors in Paris region [fr]
The Choose Paris Region one-stop shop is being introduced to promote investment by foreign companies in Ile de France (Paris region). It has been formed by pooling resources from the Ile de France Regional Council (working through the Paris Région Entreprises body) and Paris City Hall, as well as Paris&Co, the French capital’s economic development and innovation agency, the Métropole du Greater Paris, the Paris Ile de France Chamber of Commerce and Industry, and Business France, the government agency supporting the international development of the French economy. French Prime Minister Manuel announced on November 3 that Ross McInnes will be the economic ambassador économique pour la région Île-de-France le 3 novembre.
This one-stop shop is intended to serve as a gateway for foreign companies looking to set up business in the Paris region to complete a wide range of administrative procedures.
• It provides them with information about all of France’s key strengths and advantages, sector by sector, its vibrant business ecosystems, and deep talent pools.
• It also helps them understand the regulatory, tax and employment law framework, and provides an overview of educational provision, as well as of the advantages open to economic migrants.
• Once an investment decision has been made, it can streamline the procedures to set up a business.
Every company that contacts the one-stop shop will be put in contact with a lead investment advisor who will become their main port of call, and whose responsibility it will be to respond to queries and support the decision-making process. They will in turn request information from a network of leading experts from within central and local government, as well as the private sector.
Working example: The investment advisor can forward the company’s tax queries to the Tax4Business service set up by the Ministry for the Economy and Finances. Tax4Business has the expertise to inform investors about all applicable tax legislation to their investment, and if necessary provide investors with a tax ruling from the French Tax Authorities.
Pooling resources and improving co-ordination between Business France and the various different business support entities in the Paris region will enable a variety of procedures to be completed more quickly and accurately. The one-stop shop will respond to all kinds of company queries, from those concerning employing personnel, to others regarding, for example, the issuing of residence permits, employment regulations for spouses, and educational provision (130 international school programs in the Paris region).