From the moment that François Hollande became the President of France earlier this year, the international press has been waiting for entrepreneurs to leave the country. Hollande’s 75% tax rule caused quite an uproar in the French community – and even Will Smith said he found it unpalatable. However, this brilliant excuse for a little France bashing has led quite a few journalists astray, as they casually overlook the fact the entrepreneurs threatening to leave also happened to be raising massive rounds of funding to continue doing business at home (oops). I found all of this to be quite hilarious since I didn’t know a single French entrepreneur that was packing up and leaving the country. Well, until now.Read More Pixmania founders: one to leave France, the other to launch local fund
Everytime I meet a new entrepreneur – French, American or otherwise – the topic comes up: What are the differences between being an entrepreneur in the US and in France? In my former job, I was constantly confronted with the opinion from the other side of the Atlantic vis-à-vis doing business in France: “The French are always […]Read More Dear US Entrepreneurs, You Have it Easy.
Yes, that’s right my friends; while Silicon Valley was over there spreading rumors that it’s impossible to score VC money in France, the French government got a little creative. Since 2007, French tax payers can lower their wealth tax (ISF) by investing in a company. French taxpayers can now reduce their wealth tax by up to […]Read More Invest in a Start-up = Reduce your Taxes