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A law aimed at modernising the economy was implemented by the French Parliament on 23rd July 2008. Chapter 1 creates 'self-contractor' status for the independant contractor.
Who can benefit from this new measure?
This status is meant for people who do not necessarily want to set up a trade company for their business and who would like to start or end their business easily. This includes employees or retired persons.
What is the procedure to start or terminte the business?
A simple written notice and the submission of a form to the Centre de Formalités des Entreprises (Business Formalities Center) or a notice and submission through their website is sufficient to start, freeze or cease a business. There is no requirement to register small businesses started on top of an employment or a retirement.
A simplified scheme for the payment of tax and social security contributions
- Monthly or quarterly payment in full discharge of tax and social security contributions
- These liabilities amount to a percentage of the turnover
- No turnover results in no tax or social security liability
- No advance payment of tax and social security contributions
Fixed rate, according to the nature of business
13% of turnover (up to 80 000 €) for trade
23% of turnover (up to 32 000 €) for services
Protection of personal real estate and land assets
On top of his or her main home, the independent worker will be able to make 'non-seizable' all his real-estate property, built or non-built, by notifying a clerk. This is applicable as long as these assets are not allocated for professional use.
Use of your home as your professional premises
The requirement to obtain a permit to use a home located on the ground floor as professional premises will be scrapped, including for trade businesses.
For more information
Please contact Eric Rollin at Groupe Synerga
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