France is one of the most developed economies of the European Union which is a very important factor foreign investor take into account when choosing where to open a company. Other decisive reasons that influence their decisions are the taxation system, the legislation related to opening companies and the workforce. According to recent statistics, most foreign enterprisers consider the French labor force is highly productive.
Our French company formation agents can offer information on the employment legislation in this country.
As a matter of fact, foreign investors aren’t wrong at all when choosing to open companies in France because of the workforce. Surveys show that the workforce in France is 20% more performant than other EU states’ labor forces. This is mainly due to the fact has a longer working week, however French employees have the possibility to work extra hours which leads to more flexibility at the workplace.
Other reports show that the French labor force is their level of expertise, as approximately 7% of the country’s Gross Domestic Product is injected in education and training of employees of French companies. The educational grid is free which provides for a qualified workforce for all levels of employment.
If you want to open a company in France and need assistance our local consultants can assist you with the company registration process.
It is important to know that France welcomes both EU and non-EU nationals who want to work in French companies. Considering there are many foreign companies operating in France through branch offices and subsidiaries, foreign languages are highly appreciated by foreign investors.
When it comes to the distribution of the workforce, agriculture is one of the most productive industries in France and it employs a large portion of the workers. Other significant number of employees can be found in the IT and the engineering industries, but also in the pharmaceutical cluster.
If you need information on how to hire employees in France, do not hesitate to contact us. Our company registration agents in France can also assist you with the registration of the business with the Trade Register.