Emigrate for

Develop an Activity

“The hand that receives is always below of that who gives!” Amadou Hampâté Bâ

The “Nomade-Développeur” made no mistake, we won’t succeed in anything without a sacred dose of efforts! And believe that the Reunion Island is a country if idleness would be a big mistake. Like dreaming for all these European funds, whose management is opaque and discretionary. Only those who “deserve” which are usually part of the inner circle of the local microcosm will generally have access, and too bad for the general interest.

In 2013, 6,498 companies were created in Reunion Island. The unemployment rate is 29 %, including 58.6 % of young people aged between 15-24 who are affected.

“Good” commercials are actively sought… Like some other disciplines where talent is conspicuous by their absence. By evidence, the national education must quickly review its deficiencies to overcome these issues. Wishful thinking?

Investment volume (IDE): Millions of US $

In 20 years, France has lost a large part of its economy which comprised of very small and medium enterprises, being pushed to bankruptcy by the social organizations and other deficiencies and serious faults of some jurisdictions indiscriminately. The price to be paid, especially in terms of jobs and assistance, proves increasingly heavy.

France is not a country for the pioneers developers, being full of talents, without any important financial area, can be used as a collateral to a pawnbroker. Unemployment figures are underestimated for decades, which makes the happiness of training organizations, often linked to local authorities, which then show generous and caring. The result does not matter, on the contrary!

In fact, France is a country that really does not like its activities- developers, they face discrimination, and in certain case racism. For proof, simply observe the judgments of the labour courts … In Saint -Pierre for example, 95% of employers are doomed!

And what about the very suggestive interpretation of judgments on appeal when it is literally the opposite of the first instance! Astronomical sums are often required without actual harm resulting in the refusal to employ in order to avoid such mishap, unfair.  And when a union leader harangue a meeting and warned against these “bosses” who seem all nice, “beware, even these people want to fool you.” If this is not a form of racism…

If the employer has to pay damages without any ground, in contrary, the companies never receive any compensation for actual faults, capture, attacks on freedom of operation, etc…

France really discourages anyone who wish to operate and many talents are going to be exerted elsewhere.

Authorization prior to implantation, hiring

Employee, self-employed, entrepreneur, investor, depending on your situation, you depend on status and conditions for admissions which are more or less favorable. The right choice is obvious! The agency promoting foreign investment in the country gives information about the authorizations necessary for implantation.

Registration and Inscription procedures

The creation of a company in France requires some formalities. In case of using a name or an original business name, it is wise to check beforehand with the INPI that the name is not already used or filed as a trademark. Likewise, the name used for the company or the product sold, may apply for a trademark with the INPI and reserve the name of the domain with the AFNIC in the event of a creation, more or less long term, of a website.

However it happens to some entrepreneurs find that their company name, supposed to have been the first object of verification, has been awarded several times and in the same department to other stores! Alerted to this detrimental and harmful confusion, the CCI and the Commercial Court answer the same way, “take a lawyer”!

The developer of new activities for her entire working life, will suffer the shortcomings of others in everyday life, without claiming to stress, overwork, anxiety, distress, burnout and other discomforts, for which they are exempted but uncontaminated.

France will never testify its consideration for you and will do everything to remove forever your enterprising mind, regardless you are on its territory or abroad wherever you wear its high colours and contribute to its success.

Legal Statute

In many cases the SAS is recommended and best preserves the interests of developers investors, for now. It is wise to enjoy it while there is still time, because it will not lost for long…

Types of companies	Number of partners	Minimum and/or maximum capital	Responsibilities of the associates	Registration rights	Publication of accounts
Indivual entrepreneur only	1 person	No concept of capital	The entrepreneur is responsible for the company’s debts on his personal property.	Nothing	No
The limited liability company (LLC)	Minimum 2 partners, maximum 100 associates	The amount of share capital is freely set by the partners according to the size of the business, and the company’s capital requirements. The cash contributions must be released at least a fifth of their value at the time of incorporation of the company. The balance must always be paid within 5 years.	Liability is limited to the amount contributed.	About 420 €	Yes
The limited liability company (LLC)	1 person	€ 7,500 minimum. 20% of cash contributions must be paid at the time of incorporation, the balance to be paid within 5 years.	Liability is limited to the amount contributed.	About 420 €	Yes
The public limited company (PLC)	Minimum 7 shareholders	€ 37,000 minimum with release of at least half of the sum during the creation date and the remaining balance to be paid within 5 years.	Their liability is limited to the amount contributed.	About 420 €	Yes
The simplified joint stock company.	Minimum: 2 person or entity	No capital is required.	The liability is limited to their contributions administered by a president, not by a manager who is attached to the Employee Scheme and not to the RSI. Statutory auditor if turnover more than 2 million €. Disposal of shares cheaper than the sari.	€ 450.	Yes
The partnership (SNC).	Minimum 2 partners.	No minimum capital.	Their liability is joint and several.	Nothing	No
The company limited by shares	There are two types of partners: general partners and limited partners.	No minimum capital.	The partners’ liability is joint and several. Liability of sleeping partners is limited to the amount contributed.	Nothing	N c
Civil society.	Minimum 2 partners.	No minimum capital.	Members have unlimited liability for the debts.	Nothing	No

Procedures and arrangements
Registration of a business (company, craftsman, shopkeeper, etc.) requires necessarily passing through the services of the Chamber of Commerce and Industry (CCI), the Chamber of Trades, the URSSAF.

The name of a business is verified both by its agencies and the registry of the commercial court. However, this is not an absolute guarantee of safety. Several companies in the same department may bear the same name! The troubles have just begin.

Legislation & regulatory framework

The Commercial Code, the Civil Code, the Tax Code regulating entrepreneurship. The Labour Code has increased from some 900 laws in 1960 to over 9,000 in 2014, without counting the jurisprudence! Very clever is the one who can claim not to be trapped! Especially since some laws are generally unclear, purposely and become retroactive and changes in interpretations… It follows abusive ups, defamatory sentences, where the abuse of ignorance and dominant position are deliberately consumed with premeditation.

Currency Exchange control

There are no restrictions on the repatriation of capital or profits, however, an authorization from the Bank of France is requested. An amount of not more than $10,000 should not enter and especially go out from the territory.

Regulations on equity

The majority stake of a local company by a foreign investor is authorized in France, but beware, any cession must be communicated to the personnel 3 month before… This guarantee is binding.

The CRE (Company resume by employees) is a too little known formula which however has many advantages in France, especially for the TPE TPI, and even for certain PME PMI.

Find a job an Internship

Legislation and key labor market indicators

Active population

	2007	2008	2009	2010	2011	2012
Workforce numbers	306,800	322,900	326,700	339,900	343,300	345,200
Participation rate of 15 – 64 years in %	57.9	59.8	60	61.3	61.2	60.7

Distribution of employment by sector of activity at 31 December 2012 in %

Agriculture,	1.3
Industry	7.2
Construction	7.9
Tertiary Merchant	45.4
Tertiary Non-Merchant	40.2

Workers in the country

Working conditions: 6/10

Living conditions: 7/10
Climate: 6/10

Contract of employment

Employment contracts are governed by the law, supplemented by collective agreements. The formality of the work contract, hiring conditions and dismissal constraints are enough regulated.

Salaries

Monthly minimum legal wage : 1445.38 euros

Contributions:

Employer contribution: 42 % to 45 %.
Employee contribution: 22%
Duration of working time – weekly legal duration: 35
Retirement age: 62 years

To these contributions is added to the employer contribution for maintaining the union movement and the partial assumption of complementary health.

Trade unions

Average union: 10%.

The main trade unions are:

CGT (General Confederation of Labour)
CFDT (French Confederation of Workers)
CGC (General Confederation of Managers)
CFTC (French Confederation of Christian Workers).

Go on Retirement

If you retire in a foreign country, learn a language, learn about rules and adapt to unknown habits makes you worry, and if you are of French nationality, you can opt for the sun, beaches and coconut trees in the DOM and COM overseas! In addition, you will find significant tax advantages, and despite a necessary adaptation, you will not lose your bearings completely. But beware, these destinations to the end of the world have their advantages and disadvantages.

To reduce your income tax: Guadeloupe, Martinique, Guiana, Reunion Island and Mayotte.

The overseas departments are not tax havens. They follow the same tax treatment as France: Income tax, Local tax, inheritance tax, wealth tax. But you can benefit from many cuts. Merely to live there entitles you to a reduction in your income tax. It is 40% capped at 6,700 euros in Guiana and Mayotte, and 30% capped at 5,100 euros if you prefer Guadeloupe, Martinique or Reunion Island. In addition, if you buy a new or renovated property that will become your primary residence for at least five years, you are entitled to a second tax cut whose benefits are spread over ten years.

Advantages: you stay in France. You benefit of social benefits and the French healthcare system and you will continue to be subject to the national legal system for all your actions (communications, consumer and construction law…).

Disadvantages: life is expensive, warranting a reduced VAT rate (8.5% instead of 20 %, with a reduced rate of 2.10%).
The value added tax is temporarily not applicable in the departments of Guiana and Mayotte (see Article 294-1 of the CGI). But it is hard to implement!

Processes: they are the same as for a relocation in France.

Our Sense

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