Employment subsidies in France
WHAT ARE THE CONDITIONS TO GET THESE SUBSIDIES?
Employment subsidies in France can also be substantial, especially if the subsidiary or the branch belongs to a group considered as a Small or Medium Enterprise (SME) under the European definition and develops one or several technological innovations (such as biotechnology, heavy metal recycling, marine resources valorization, vegetable protein and vegetal chemistry, individualized medicine, silver economy, big data operation valorization, etc.): in general any recruitment can be eligible to government support. Foreign group’s liaison offices can benefit from employment subsidiaries under the same conditions as French group’s subsidiaries or French capital-owned companies.
These employment subsidies can be accumulated with tax incentives such as the research tax credit (CIR) or the JEI (Young Innovative Status).
WHAT ARE THE MOST INTERESTING EMPLOYMENT SUBSIDIES IN FRANCE AVAILABLE TO COMPANIES?
PM’Up is the most attractive for executive staff recruitment because the employment subsidy can be drawn over a three-year period and sum up to a total of 250 k€. Non-executive recruitment also can benefit either from employment subsidies or from financial support.
Moreover, this subsidy allows the recipient to have access to over 1000 partners and world-class corporations. Finally, the company benefits from the help for free of a counsellor over the aforementioned period.
Unlike PM’UP, which is aimed at financing innovation, employment subsidies in France target a wide range of fields of activity, most of which are industrial. The recipient can acquire either a subsidy or a loan. Of course, should the support be a loan, it is interest-free and can sum up to 20 K€, which is three times as much as the maximum amount for a subvention (7 K€).
Both these subsidies can be summarized as follows:
Employment Subsidies in France
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