Entering the French market – what German companies need to know

France remains German companies’ most important partner in the European Union. German businesses have branch offices or subsidiaries in France, and do M&A and other deals there. Yet despite the proximity, the legal conditions and mentalities of the two countries remain different. Treating the differences with sensitivity is a challenge to German businesses.

Key points in brief     

  • The cultural differences between France and Germany shape the nature of cooperation. In France, language plays a special role. We work bilingually and some of our colleagues are French.   
  • Tax and the law are different, particularly concerning deals, M&A and other transactions. We work with experienced corporate lawyers.     
  • Employment law, health and safety, working times, salary structures, unions and works councils have high priority in France. Our Grant Thornton network includes French partners in employment law.     
  • EU directives and rules often only give the appearance of providing security when doing business in France. We are familiar with the typical local differences.

France – an important player in the EU 

As Germany’s neighbour, France often faces the same problems as we do in this country. Membership of the EU and (the apparent at least) cultural proximity are good reasons for becoming involved in France, in the form of deals, M&A, founding companies or setting up subsidiaries. A high level of attention is required, however, particularly in the areas of tax and law. 

Challenges and solutions 

Due to the EU-regulated environment, the challenges of maintaining business relations with France are not obvious. They exist none the less – including in the legal conditions. What’s more, they are present in intercultural aspects because a lack of understanding often prevails. This then particularly causes problems a long time after you stopped expecting them. We are a member firm of Grant Thornton International Ltd – we work with experts within the country to be able to understand intercultural differences better and to eliminate problems.

We’re there when you need us and provide advisory in the following areas:     

  • Intercultural transactions and post-merger integration       
  • Outsourcing of accounting       
  • ESG and data mining
  • Reporting, annual and consolidated financial statements and
  • All tax and auditing issues.

Contact us with no commitment on your part.

Are you planning to venture into France? Or are you already operating there? Do you need advice on the best way to do business in France? Pierre Saury has excellent contacts in French business circles and the relevant institutions. Take advantage of his expertise and feel free to contact him with your questions with no commitment.

Pierre Saury
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Senior Manager
Pierre Saury
Contact Pierre Saury Learn More about Pierre Saury
Pierre Saury
Contact Pierre Saury Learn More about Pierre Saury
Pierre Saury
Senior Manager
Pierre Saury
+49 40 32088 1223

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