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Business France is the national agency supporting the international development of the French economy, responsible for fostering export growth by French businesses, as well as promoting and facilitating international investment in France.
It promotes France’s companies, business image and nationwide attractiveness as an investment location, and also runs the VIE international internship program.
Founded on January 1, 2015 through a merger between Ubifrance and the Invest in France Agency. The agency has 1,500 personnel, both in France and in 70 countries throughout the world, who work with a network of public- and private-sector partners.
The Annual Report on Foreign Investment in France is a method for analyzing foreign investment projects and their contribution to the French economy. Established in 1993 in partnership with France’s regional economic development agencies, the Annual Report provides a summary of all foreign investment projects creating sustainable employment in France, listing confirmed projects and detailing the number of jobs that each project generates.
It provides detailed statistical analysis by business sector, business activity, investment type, source country and host region. Data concerning the amounts involved in specific investment projects are not always made available by companies, and so form no part of the analysis.
Initial analysis of company nationality depends on the location of its registered office, which determines the jurisdiction that applies. This principle is refined by the notion of a company’s genuine registered office under French law, which is established through jurisprudence.
This concept involves determining the place where, inter alia, meetings of the company’s management bodies are held, strategic decisions are taken, and key contracts are signed. Accordingly, and in line with European Union guidelines, INSEE (the French National Institute for Statistics and Economic Studies) considers that the controlling country of a multinational corporation is defined by the country in which the entity possessing operational control is established and where financial information concerning all of its subsidiaries is usually consolidated. For certain firms, this entity may not necessarily correspond to the head of the group or parent company. Under this definition, the nationality of the firm’s leading shareholders has no bearing on that which is assigned to the firm as a whole. The initial analysis is refined by the notion of control over the activities of the firm’s subsidiaries.
The statistical criterion chosen for data collection is majority control (ownership of more than 50% of the firm’s shares with voting rights). It is assumed that share ownership of more than 50% confers genuine control over the firm, even though in certain cases control may be exercised with less than this amount.
The Annual Report is based on the publicly announced number of jobs to be created or maintained over the next three years, which is the approximate time frame that companies use when planning investment.
Three methods were used to select the projects in the Annual Report:
- An analysis of the competitive environment by consulting observatories of globally mobile investment that track public announcements of job-creating foreign investments in France and Europe.
- Projects detected by the former Invest in France Agency (IFA), primarily through its network of 23 foreign offices.
- Data collected by France’s regional economic development agencies for their areas through contact with economic stakeholders and foreign investors.
Based on these sources, the Annual Report is compiled using a cross-validation process of each identified project between the IFA, France’s regional economic development agencies and other regional partners.
Discover the “2015 Annual report: Foreign investment in France“
Discover the summary of foreign investment and exports in France in 2015.
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