If you are interested in going abroad, whether it is for business purposes or for vacation, France is one location hard to be disappointed by.
France and America have been doing business for a long time, in fact some Chamber of Commerce in America are the first we created in the world. France has always seen the USA as the Promised Land. Freedom and Entrepreneurship are respected values in the French culture. On top of this, cultural influences from both countries interacted like no other one for centuries.
When a company is ready to expand its business over its country’s borders the same sensitive question is asked: “Where should we go?”
And this is the most important question because you will capitalize on this experience. For example China is ranked #1 for foreign place to invest, due to the high potential turnover of any investment. Nevertheless the price to pay could be very high. Ask the entire beer industry that left China a decade ago with billions invested... More and more we meet business men who would rather invest in safer market than going back to high risk markets.
Europe is a 740 Million people market. They don’t speak the same language and have very different culture but that can also be an asset. Diversifying a portfolio is the best way to minimize financial exposure. Entering Europe for business is like entering a big house with many rooms, it gives you time to develop in a specific market and if you fail, you can try again with another door.
France is the 1st place for Foreign Direct Investment stocks in Europe (UK included) and the 2nd in the world, right behind… The United States of America.
In 2012 America became the first foreign investor in France before Germany. The result came up in the newspapers with the greetings of American companies confirming that France remains a top destination to enter the European market and a great place for living.
If you are thinking about expanding your activity in Europe, The FACC stands by your side to help you in this delicate step. We will connect you with our headquarters in Paris, with local development agencies that will find incubators for you, provide you with market studies and physical address in the city of your choice.
Moving with us is the best way to ensure a smooth landing and a perfect integration!
You will find below some documents we found interesting.
We strongly encourage you to read our section about our sister city in France, it’s our most active partner and most of our contacts are longtime friends, more than able to take your business to the next step. Click on the link below to open the doors of the FACC selection of best place to invest in France:
For those who know France, they will all agree about how diverse the country is. Small, but diverse. We will take you wherever you want in France, but if you give us a minute we might convince you about one place in particular. Click on the picture below to start your journey...
France is ranked as the world's fifth largest and Europe's second largest economy by nominal GDP; with 39 of the 500 biggest companies of the world in 2010, France ranks world's 4th and Europe's 1st in the Fortune Global 500 ahead of Germany and the UK. France joined 11 other EU members to launch the euro on 1 January 1999, with euro coins and banknotes completely replacing the French franc (₣) in early 2002.
France derives 79% of its electricity from nuclear power, the highest percentage in the world.
France has a mixed economy which combines extensive private enterprise (nearly 2.5 million companies registered) with substantial (though declining) state enterprise and government intervention (see dirigisme). The government retains considerable influence over key segments of infrastructure sectors, with majority ownership of railway, electricity, aircraft, nuclear power and telecommunications. It has been gradually relaxing its control over these sectors since the early 1990s.
France is part of a monetary union, the Eurozone (dark blue), and of the EU single market.
The government is slowly corporatising the state sector and selling off holdings in France Télécom, Air France, as well as the insurance, banking, and defence industries. France has an important aerospace industry led by the European consortium Airbus, and has its own national spaceport, the Centre Spatial Guyanais.
According to the World Trade Organization (WTO), in 2009 France was the world's sixth-largest exporter and the fourth-largest importer of manufactured goods. In 2008, France was the third-largest recipient of foreign direct investment among OECD countries at $117.9 billion, ranking behind Luxembourg (where foreign direct investment was essentially monetary transfers to banks located in that country) and the United States ($316.1 billion), but above the United Kingdom ($96.9 billion), Germany ($24.9 billion), or Japan ($24.4 billion).
In the same year, French companies invested $220 billion outside of France, ranking France as the second most important outward direct investor in the OECD, behind the United States ($311.8 billion), and ahead of the United Kingdom ($111.4 billion), Japan ($128 billion) and Germany ($156.5 billion). With 39 of the 500 biggest companies of the world in 2010, France ranks 4th in the Fortune Global 500, behind the USA, Japan and China, but ahead of Germany and the UK.
Financial services, banking and the insurance sector are an important part of France's economy. The Paris stock exchange market (French: La Bourse de Paris) is an ancient institution, as it was created by Louis XV in 1724. In 2000, the stock exchanges of Paris, Amsterdam and Bruxelles merged into Euronext. In 2007, Euronext merged with the New York stock exchange to form NYSE Euronext, the world's largest stock exchange. Euronext Paris, the French branch of the NYSE Euronext group is Europe's second largest stock exchange market, behind the London Stock Exchange.
French companies have maintained key positions in the Insurance and Banking industries: AXA is the world's largest insurance company, and is ranked by Fortune the ninth richest corporation by revenues. The leading French banks are BNP Paribas and the Crédit Agricole, ranking as the world's 1st and 6th largest banks in 2010 (determined by the amount of assets), while the Société Générale group was ranked the world's eight largest in 2008–2009.
France is the smallest emitter of carbon dioxide among the seven most industrialized countries in the world, due to its heavy investment in nuclear power. As a result of large investments in nuclear technology, most of the electricity produced in the country is generated by 59 nuclear power plants (78% in 2006, up from only 8% in 1973, 24% in 1980, and 75% in 1990). In this context, renewable energies (see the power cooperative Enercoop) are having difficulties taking off the ground.