France -Next Global destination for your business 

France is a business-friendly country, with one of the largest markets in Europe, and access to the European single market. Its capital, Paris, is an important financial center in the region and the European leader in venture capital.

France Economy

The economy of France is a highly developed social market economy with notable state participation in strategic sectors. It is the world's seventh-largest economy by nominal GDP and the tenth-largest economy by PPP. constituting around 4% of world GDP.

Foreign Direct Investments

France attracts bulk FDI amongst its European counterparts, being 13th largest recipient of FDI in the world as per UNCTAD. Luxembourg, Switzerland, Netherlands and the United Kingdom are the main investors in France and represent more than 50% of the stock of FDI.

Opportunity Mapping

France is an economically refined nation with a large, diverse, and sophisticated consumer base. There are opportunities for exporters with innovative products in various sectors, including aerospace, consulting business, food products, pharmaceuticals, renewable energy technologies.

India in France

The economic ties between India and France have flourished, paving the way for enhanced cooperation and mutual prosperity. Trade relations have witnessed steady growth, with bilateral trade reaching an impressive $13.4 Bn in 2022-23, marking a significant 7.72% increase from the previous year.

Indian companies having base in France are Infosys, Wipro, Bharat Forge, Muragappa, United Phosphorus, Crompton Greaves (Avantha Group), Titagarh, Air Works, Biological E, Transasia and Axis Aerospace.

Corporate Structure

Entrepreneurs must be aware of the laws, rules, and regulations of France in order to successfully incorporate and operate a business there. It also give investors the option to choose the corporate structure that best suits their needs.

Limited Liability Company (EURL)

This can be considered as a special category of limited liability company as the EURL has only one shareholder. Its operating rules are very similar to those of the SARL. At the time of the company's constitution, at least 20% of cash contributions must be made available. 

Private Limited Company (SARL)

SARL is the most common form of company in France. This type of business can only be incorporated by at least two shareholders, and they can be natural or legal persons. This structure is usually recommended for small and medium-sized companies which are set up in France.

Public Limited Company (SA)

The SA is composed of at least two shareholders (and 7 if it is listed on the stock exchange) with a minimum share capital of 37 000 €. It is headed by a President and a Chief Executive Officer (who may be one and the same person) and by a Board of Directors composed of at least three people.

Foreign Entities in France

Certain formalities are imposed on different companies depending upon the type of business entity such as in the case of joint stock companies, at least 50% of the share capital must be deposited upon formation, the private company can have one or two directors, however, the minimum number is one and the public company must have a board of directors comprised of 3 to 18 members. French companies are also required to appoint auditors who will verify their accounts.

Taxation System

French investors benefit from a wide network of tax treaties with 122 nations, which helps them manage their businesses successfully and prevents double taxation on their income.

Corporate Tax

Large enterprises (annual turnover of EUR 250 million or more) are assessed to corporate tax at the unified standard rate of 25%. SMEs (turnover below EUR 10 million) are subject to a reduced corporate tax rate of 15% on profits up to EUR 42,500 and at standard rate on the excess over EUR 42,500.

Dividend Tax

Dividends paid to Investor are taxed at the rate of 21% on the gross amount of dividend received by Investors. The 12.8% withholding tax rate applies to foreign individuals in France, while the 28% tax rate applies to legal entities and private recipients.

VAT

The standard VAT rate in France is 20%. It applies to most goods and services. The two reduced VAT rates are 10% and 5.5%. The super-reduced rate is 2.1%. France also has some zero-rated goods, the sale of which must still be reported on your VAT return, even though no VAT is charged.

Taxation of Non Resident entities

Non-residents in France are only taxed on their French-sourced income. Non-resident taxes are typically collected by withholding at the source. These withholding taxes are applied at progressive rates of 0%, 12%, and 20%, depending on the total amount of taxable income. A non-resident company is subject to CIT in France on income attributable to French business activity or to a French PE, as well as on income from real estate located in France. Non-resident companies are not taxable in France regarding capital gains derived from the disposal of French assets unless these are part of a PE.

Foreign entity Options

The French economy remains diversified and relatively resilient. Entrepreneurship is made possible by institutional characteristics including robust property rights protection and a generally effective regulatory environment. 

Branch Office

A branch is an office through which a foreign company engages in business in France. The branch has no independent legal personality although for tax and foreign financial relations purposes it is treated Independent. Foreign company is directly and fully responsible for all liabilities and undertakings of its French branch office.

Subsidiary Company

The subsidiary company is a separate legal entity created under and governed by French law. It is an independent entity from the foreign parent company shareholder and, in principle, shareholders have no liability for the debts or undertakings of the subsidiary, the recourse of the subsidiary's creditors or co-contracting parties being limited to the assets of the subsidiary.

Joint Venture

There are 2 types of JV's, First is Corporate JV which can take the legal form of a group or of a commercial company with or without limitation of liability. Second is Contractual JV, this must comply with the general rules of contract law. It has no separate corporate personality from the parties to it.

France Business

France is the second largest EU economy. Three sectors dominate its employment: health & social care, wholesale & retail trade and manufacturing. Some leading global companies have their headquarters in France. France has a stable business climate that attracts investors from around the world. The French government devotes significant resources to attracting foreign investment through policy incentives, marketing, overseas trade promotion offices, and investor support mechanisms. 

The G20 summit held under the Presidency of India has given the message of remembering that the 21st century is a time that has the potential to give a new direction to the entire world. It's a time when years old challenges demand new solutions from us. Our Honorable Prime Minister Narendra Modi has stated his belief in One Earth-One Family-One Future.

StartanIdea has a vision of connecting cities, countries and destinations as one big business platform. This can only be achieved when the three life cycles of a business are taken care of at one place, working as one big family of global and local professionals. This vision will thrust the business growth by combining local benefits and incentives into a global masterpiece.

The recently concluded G20 summit under the Presidency of India has adopted a New Delhi Leaders' Declaration and the motto of this Presidency was "One Earth One Family One Future". StartanIdea has conceptualize and aligned its vision and mission in line with long term goals of G20 and has adopted its own motto of "Global Presence Global Solution Global Business".

• We support the G20 mantra of “One Earth” and envision to create a product that instils trust and confidence amongst businesses to expand their “Global Presence” to every nooks & corners of World.
• We adhere to the idea of "One Family" and promise to create true “Global Solution” a Single Entity - Master service provider for all compliance, governance, operations and exit advisory requirements on Global scale . 
• We promise "One Future" by bridging the dreams of "Global Businesses" and advising them on availing the best wealth creation and expansion opportunities by aligning international policies and incentives available around the World . 

Kenya- Economy and Opportunity

Kenya Showcase

Next global destination for your business

Kenya has a market-based economy and is generally considered the economic, commercial, financial and logistics hub of East Africa. Kenya has aboilshed price & exchange controls alongwith government initiatives for macro economic sustainability.

Kenya Economy

Kenya’s economic performance softened in 2022 though country’s long-term growth rate has increased over the time. Real GDP expanded by 4.8 percent in 2022, The GDP of Kenya stood at 113.42 billion USD in 2022 and is expected to reach 119.66 billion USD by the end of 2023.

Foreign Direct Investments

Kenya’s total stock of FDI stood at $10.4bn, with major investors including the UK, Mauritius, the US, South Africa and France. FDI stock is predominantly concentrated in finance and insurance (around 33%), information and communication (16.1%), wholesale and retail (15.4%) and manufacturing activities (14.8%).

Opportunity Mapping

Kenya has witnessed growth in entrepreneurship and innovation which has resulted in the rise of small businesses in the country. The government is encouraging and supporting the growth of small and medium-sized enterprises (SMEs) with key sectors being agriculture, manufacturing, real estate, services & energy sector.

India in Kenya

India and Kenya are maritime neighbours with robust and multi-faceted partnership, marked by regular high-level visits, increasing trade and investment and extensive people to people contacts. In 2021, India export accounted $2.55B to Kenya. The main products that India exported to Kenya are Refined Petroleum ($504M), Packaged Medicaments ($253M), and Semi-Finished Iron ($149M). Indian companies have a significant presence in Kenya like the Tata Group, Essar, Reliance Industries and Bharti Airtel.

Kenya is one of Africa's top investment destinations and, as a centre for commerce, finance, and logistics, it provides a variety of corporate structures to potential investors.

Limited Liability Partnership

Partners within a LLP are classified into 2 classes. One is general partners who engage in full management and control of the business and accept full personal responsibility for the liabilities and other is limited partners who have no personal liability beyond their investment.

Private Limited Company

They are separate and distinct entities from their owners and are registered for tax as a separate entity. It has its own rights, obligations and a life separate from its owners. It requires a minimum of at least one director and a maximum of 50 members.

Public Limited Company

The public can buy and sell shares in the company. The company shares can be traded at the Over The Counter (OTC) market and the Nairobi Securities Stock Exchange. It requires a minimum of 7 shareholders and 2 directors and has no maximum limit.

Foreign Entities in Kenya

A Kenya private limited company requires minimum of 1 director & 1 shareholder of any nationality who can be
living outside of Kenya. However, foreigners wishing to relocate to Kenya by obtaining an entrepreneur visa are
required to show that they have (or will) invest at least US$100,000 in the company. After business setup in Kenya, all companies are required to first register for tax with the Kenya Revenue Authority and then prepare financial statements, which must always be audited.

The Kenya Revenue Authority (KRA) is the agency in charge of the collection and receipt of all revenue on behalf of the Kenyan government making the process straightforward and adaptable for its users.

Corporate Tax

Resident companies are taxable in Kenya on income accrued or derived from Kenya. They are also charged for business activities outside Kenya. The rate of CIT for resident companies, including subsidiary companies of foreign parent companies, is 30%.

Dividend Tax

Dividends received by a resident company from a company where it holds directly or indirectly more than 12.5% of the shares is exempt from tax. This means that dividend received by a resident company from its local or foreign subsidiary is tax exempt. The tax rate for dividends paid to Kenya residents is 5%.

VAT

The value added tax is a tax that is applicable to the sale or import of taxable goods and services, and is administered by the Kenya Revenue Authority. If the taxable supplies worth 5,000,000 KES or more within a year, then one have to register for VAT. The rate vary from 0% to 16%.

Taxation of Non Resident entities

Non-resident companies are subject to Kenya Corporate Income Tax (CIT) only on the trading profits attributable to a Kenyan PE. Where a non-resident person carries on business in Kenya through a permanent establishment, the income attributable to the PE will be considered income accrued in or derived from Kenya and it will be subject to tax at the non-resident CIT rate of 37.5%. Lower rates may apply to non-residents where there is a DTT in force which can vary from 5% to 20%.

The government has initiated various reforms to hasten, streamline and simplify procedures which directly affect businesses with reference to the Doing Business Indicators by the World Bank.

Branch Office

Branch Registration is a requirement for all companies incorporated outside Kenya that intend to operate in Kenya. Branches must have a local representative resident in Kenya, who may be a citizen or a non- citizen. It is taxed at 37.5%.

Subsidiary Company

A subsidiary is considered a local company with compliance requirements similar to those of local companies. It is taxed as resident entity, at the rate of 30% with the local tax benefit available to it.

Joint Venture

For JV in Kenya, the partners must first register the venture with the Registrar of Companies. The registration process involves submitting the company’s memorandum and articles of association, details of the partners.

Kenya Business

Kenya posted tremendous growth in the services sector, contributed mainly by tourism, real estate and financial
sectors, and which now contributes more than 50% of GDP. India is one of the largest exporters of goods to Kenya, especially in sectors like refined petroleum and pharmaceuticals. The Foreign Investment Protection Act (FIPA) of Kenya guarantees capital repatriation and remittance of dividends and interest to foreign investors, who are free to convert and repatriate profits including uncapitalized retained profits.

Canada- Economy and Opportunity

Canada Showcase

Next global destination for your business

Canada is projected to have steady growth by OECD. The country earned its top spot due to its trade freedom, investor protection, low corruption, minimal red tape and low corporate tax rates.

Canada Economy

The economy of Canada is a highly developed mixed economy, with the world's eighth-largest economy as
of 2022, and a nominal GDP of approximately US$2.221 trillion. It is one of the world's largest trading nation, with a highly globalized economy.

Foreign Direct Investments

The stock of foreign direct investment in Canada grew 6.0% (+$71.6 billion), reaching $1,263.9 billion at the end of 2022. The industry with the largest foreign direct investment in Canada in 2022 was the management of companies and enterprises at 394.2 billion Canadian dollars.

Opportunity Mapping

Canada is the largest foreign supplier of energy , including oil, natural gas, and electric power, and a top source of US uranium imports. Canada provides opportunity to work in different area such as Electrical Engineer, Aerospace Engineer, Software Engineer, Human Resources Manager, Web Developer.

India in Canada

Canada and India have longstanding bilateral relations built upon shared traditions of democracy, pluralism and strong interpersonal connections. A priority market for Canada, in 2022, India was Canada’s 9th largest trading partner. India will be a key partner as Canada strengthens its economic links to the Indo-Pacific under a new, comprehensive strategy for the region. Indian companies like Tata Consultancy Services, Aditya Birla Group, Infosys and Wipro have significant presence in Canada.

Canada is a diversified country that is an excellent place to do business, with a variety of corporate structures. Small enterprises to major multinational corporations operate in Canada.

Limited Liability Partnership

LLPs protect all partners from liability and in most provinces, LLPs are only available in high-risk industries, such as law, accounting, architecture, or medical care. Provincial legislation governs LLPs, and the protection differs based on your province.

Federal Corporation

Federal corporations are incorporated pursuant to the Canada Business Corporations Act(CBCA). They have the right to carry on business anywhere in Canada under their registered corporate name.

Provincial Corporation

Provincial corporations are incorporated pursuant to the applicable provincial corporate statute. They only have the right to carry on business within the Province or Territory of incorporation.

Foreign Entities in Canada

In Canada, corporations can be formed with no capitalrequirements and as few as one director and one shareholder, with a minimum of 25% of directors being Canadian residents. The corporation must maintain a registered office in the province of Canada indicated in its articles at all times. Foreign companies seeking to operate in Canada can set up branches and subsidiaries.

The taxation system in Canada is based on the type of income earned, the status of the corporation, and the Canadian province or territory in which the income is earned, giving its investors options to operate.

Corporate Tax

The general federal rate of tax on corporations is 38%. A 10% rebate applies to the extent the income has been earned in a Canadian province, bringing the federal rate down to 28%. It is further reduced by a general rate reduction of 13%, resulting in a general rate of 15%.

Dividend Tax

When a shareholder receives a dividend, they must include it in their tax return. Dividends taxes have their own rate at federal and provincial leval. The tax component of qualified dividends is taxed at 15.0198 percent, while the tax portion of non-eligible dividends is taxed at 9.031%.

GST

The GST is applicable on taxable sales, leases, or other supplies in Canada. It is determined on the basis of place of supply. The rate depends on the province or territory. Currently the rates vary from 5% to 15%.

Taxation of Non Resident entities

Canada's tax treaties generally provide that the business profits of a non-resident corporation are not subject to
Canadian tax unless the non-resident corporation carries on business in Canada through a Permanent Establishment (PE) situated in Canada and the business profits are attributed to that PE. Canadian financial institutions and other payers have to withhold non-resident tax at a rate of
25% on Dividend, Interest earned from Canadian-source income.

Canada is a vast landmass whose transportation, infrastructure and physical location makes it one of the most accessible country in the world, and well-positioned to serve foreign business or entrepreneurs.

Branch Office

A branch office is an extension of the parent corporation’s business. Branches are registered provincially in each
Province in which the foreign business proposes to operate. It requires Canadian address and a Canadian resident agent for service.

Subsidiary Company

A subsidiary is a separate corporation which is controlled by the parent corporation. It allows for a division of liability between the Canadian and the foreign operation. It follows separate business opportunities and initiate
its own contractual arrangements.

Joint Venture

JV's are governed by the contracts arrived at between private parties. The terms of collaboration, respective contributions and the arrangements regarding management and sharing of profits are typically set out in the contract.

Canada Business

Canada provides various Business immigration options to its investors who want to start business in Canada such as Canadian entrepreneurs can expand businesses, obtain permanent residency after one year of working experience, through ICT Work Permits. Provincial Nominee Programs (PNP) this immigration pathway is available in all Canadian provinces, most foreign entrepreneurs use the Entrepreneur streams of British Columbia PNP and Ontario PNP. Canada provides various Business immigration options to its investors who want to start business in Canada such as Canadian entrepreneurs can expand businesses, obtain permanent residency after one year of working experience, through ICT Work Permits. Provincial Nominee Programs (PNP) this immigration pathway is available in all Canadian provinces, most foreign entrepreneurs use the Entrepreneur streams