France has Europe’s most extensive road network and Roissy-Charles-de-Gaulle is Europe’s busiest airport for freight and second-busiest in terms of passenger numbers. France also has Europe’s second-largest high-speed rail network. Paris-Le Bourget is Europe’s leading business airport.
One of Europe’s leading management industries with almost €3,600 billion of managed assets (i.e. 1.5 times French GDP), including €1,700 billion in investment funds and €1,900 billion in mandates. Over €450 billion managed for non-resident clients.
France is the world’s leading tourist destination in terms of visitor numbers (UNWTO, 2015) and ranks third in the world in terms of health infrastructure meeting the needs of society (IMD, 2015). France ranks eighth in the world for life expectancy at birth (82.8 years). It has great cultural and creative appeal: the Louvre is by far the world’s most visited museum.
The Competitiveness and Employment Tax Credit (CICE) and the Responsibility and Solidarity Pact together make up a €40 billion reduction in production costs for companies: this is equivalent to almost 2% of GDP which will support activity and enable 500,000 jobs to be created by 2020.
France is the European leader in terms of e-administration and is fourth in the global ranking based on three criteria: on-line services offered by the government, telecommunications infrastructures and its population’s level of education.
The act on the simplification of running companies, which was passed in December 2014, enabled companies and users to make savings of €3.3 billion in 2013-2014. The single individual social declaration will save companies €1.6 billion in 2015-2016.
France has signed tax conventions with over 120 countries (avoidance of double taxation). It has also provided companies with a single contact for tax matters (Tax4Business) and adapted residence permits (Talents Passport, created in 2015).
A grant and a support mechanism for innovative entrepreneurs were also set up, known as the French Tech ticket. 50 foreign entrepreneurs benefited from this mechanism in 2016, with the number increasing to 70 in 2017.