Choosing a registered address for your company is one of the first pieces of administrative information required when setting up a business. The domiciliation address, also known as the "registered office" , determines the nationality of the company, its country of taxation and the competent jurisdiction in the event of a dispute.
It must be mentioned on all official documents, which is why it is your showcase.
French law makes it possible to separate a company's place of work from its registered office, which is why domiciliation companies offer a wide range ofprestigious addresses to domicile companies, as well as many other complementary services that are essential to the success of your projects.
In the third quarter of 2017, the quantity of professional opportunities increased by 53% which places Rennes as the second most attractive metropolis in France, behind Paris (Source: RegionsJob study, 2017).
Here's an overview of the advantages for companies that choose to set up business here.
Brittany has over 2,500 kilometers of coastline, and 3.2 million inhabitants, most of whom live in the Rennes metropolis.
Despite several difficulties in the early 2000s following the closure of a number of industrial activities, today it is a dynamic metropolis with one of the lowest unemployment rates in France, at just 8.8%.
Approximately 25,000 additional residents settle here every year
With the exception of Rennes, most of the population is concentrated around the coast, in Vannes, Lorient, Quimper, Saint-Brieuc and Saint-Malo.
The construction sector is particularly dynamic in Brittany, while maintaining moderate real estate prices per square meter at an average of €2,100, compared with an average of €2,800 in the rest of mainland France.
In Rennes in particular, the construction sector hired over 300 employees in 2017.
Focus on the advantages of domiciliation in Rennes!
Rennes is the second most dynamic provincial city. It ranks eighth in terms of student numbers. In 2012, it was named "France's most pleasant city to live in", whether you're a student, working or retired.
For business leaders, the metropolis' dynamism and investment in modernization are helping to attract numerous projects to the area.
Between January and June 2017, the Rennes metropolitan area saw its unemployment rate fall by 0.4 points, with a net creation of 2,200 jobs since 2016
Among the most dynamic sectors, business services and digital technology are driving the city's growth, with companies of all sizes, from Thales and CapGemini to small start-ups such as Telecom Santé and Blacknut.
Of the 170 French digital companies exhibiting at Mobile Wold Congress 2017 in Barcelona, 12 were from the Rennes metropolis!
Numerous large-scale initiatives are aimed at equipping it to meet the major challenges of the 21st century:
- Rennes 2030 is a vast investment of 2 billion euros over five years to modernize the metropolis and adapt it to new technical and technological challenges. Among the projects on the program, 1.2 billion euros have been invested in metro line B, 100 million in the future Convention Center, scheduled for 2018, and 18 million in the Cité Internationale. These modernizations are real assets for attracting new companies to the region.
- Renovation of the city center: Following major projects carried out between 2011 and 2016, a new phase is now underway for both private and commercial real estate. The city's real estate stock is expanding to accommodate more businesses.
- Among other current initiatives, the Courrouze project is expected to create around 3,000 jobs.
Rennes is France's 1st most favorable city for property investment in 2017 (Source: Explorimmo)
Rennes is well connected to the capital thanks to its TGV line, which makes the journey in just two hours, and its new Eurorennes station.
Situated between the coast and the region's main historical monuments, it offers a privileged living environment in which many French people find happiness.
Business domiciliation in Rennes is a strategic advantage for entrepreneurs.
For several years now, the Brittany region has been organizing a wide range of assistance schemes to help companies set up in the region and increase their opportunities for growth. The Region has simplified its intervention tools to meet the main development challenges facing companies, particularly SMEs.
It encourages business start-ups by granting honor loans to entrepreneurs with low personal capital. The Banque Publique d'Investissement branch in Brittany plays an active role in business financing. Finally, they organize equity investments in start-up companies.
With more than 17,000 sessions planned over the next ten years, the region is also mobilizing to facilitate business takeovers.
BPI France and the Brittany region offer guarantee schemes to enable access to credit by sharing the risks involved in financing the takeover.
The BRIT (Bretagne Reprise Initiative Transmission) fund , set up in collaboration with regional banks, provides honor loans to members of the "Bretagne Initiative" and "Entreprendre en Bretagne" networks.
The economic context and initiatives are often more favorable in the provinces than in Paris. It all depends on the market and your sector of activity.
Don't underestimate the dynamism of many of the country's regions and metropolises, and you'll often be able to seize opportunities that can make all the difference.
Written by our expert Paul LASBARRERES-CANDAU
August 10, 2018
