Gabriel Cien evaluates administrative reforms enacted under French President Emmanuel Macron to accelerate the business registration process for startups.
“He put in place some new processes to incorporate the companies in a faster way. It does not compare to Estonia, ok? But it's still way better than it was a couple of years ago, before he came into power. You know, the paperwork would be easier. The administration has the obligation to answer faster to your request. They open specific one-stop shops when you create your company, whereas before you had to deal with different offices, different administrations, which was kind of a headache.”
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More from Gabriel Cien
Opinion
Cien: France is the best country to start a company from scratch
“If we take everything into account, France is the best country to create a company, a startup. Maybe it's not the best country to grow the startup when you have succeeded generating some revenue and you're scaling up, but it's still going to be the best place …”
Gabriel CienMar 20, 2021▶ 8:06France's Two-Tier System: The 1% Pay No Taxes Legally
AssertionSupported
Cien: French payroll taxes equal 100% of an employee's take-home salary
“If you want to pay 5000 that lands in the pocket of that employee, you would basically have to pay another 5000 In, under the form of different taxes. Unemployment insurance, medical insurance, health insurance, and lots of different other insurance and taxes.”
Gabriel CienMar 20, 2021▶ 17:36France's Two-Tier System: The 1% Pay No Taxes Legally
AssertionContradicted
Cien: Non-resident founders in France need local directors with veto rights
“If you're not located in France you would have to have a sort of a local director who would have a lot of veto rights or on how to manage your company, which comes with risks.”
Gabriel CienMar 20, 2021▶ 5:07France's Two-Tier System: The 1% Pay No Taxes Legally
AssertionSupported
Cien: Experienced French engineers can be hired for 60K per year
“To give you an idea about what I'm talking about, you can find very good engineers with five to 10 years of experience at 60 K per year.”
Gabriel CienMar 20, 2021▶ 9:10France's Two-Tier System: The 1% Pay No Taxes Legally
AssertionContradicted
Cien: France offers annual subsidies covering 50% of R&D spending
“We would take the total amount of money that has been spent on research and development, and the government would give you 50% more under the form of a yearly subsidy, which is huge.”
Gabriel CienMar 20, 2021▶ 11:11France's Two-Tier System: The 1% Pay No Taxes Legally
AssertionSupported
Cien: Macron capped dismissal penalties, turning French firing into a measurable risk
“Things have dramatically changed after Emmanuel Macron came into power. So basically issued a law that specifies the maximum amount of money of penalties that the company would pay if they fire an employee. And when you have a maximum amount, Well, you can mea…”
Gabriel CienMar 20, 2021▶ 13:38France's Two-Tier System: The 1% Pay No Taxes Legally
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