French PM during his speech at the Europlace annual dinner
12 July 2018

Paris financial centre, an attractive prospect: commitments maintained, new initiatives

The Prime Minister attended the Paris Europlace annual dinner on 11 July. Édouard Philippe took the opportunity to present the latest measures implemented to ensure that the Paris financial centre continues to be the most attractive and competitive in Europe.
 
Foreign investment projects in France increased by 31% in 2017. Paris is now the most attractive European city.

These good results should not mask the need for new measures to ensure that Paris remains Europe’s most sought-after financial centre, including:
 
  • At the start of the 2018/2019 school year, 1,000 more places will be opened in the Region’s international lycées and international sections. A European school is set to open in Courbevoie in September 2019, taking in pupils from kindergarten to final year of secondary education and including preparation for the European Baccalaureate.
     
  • International certification of English language levels obtained in France will be developed. Jean-Michel Blanquer and Frédérique Vidal will be making proposals for universalisation of such certification, starting with the international Brevet de Technicien Supérieur (BTS – Higher Technical Certificate) and vocational bachelor’s degree courses before extending the principle to lycées and universities.
     
  • The CDG Express and Grand Paris Express project is Europe’s largest-scale transport infrastructure project to date. It will radically transform ways of getting about in the Île-de-France Region.
     
  • Strengthening of Eurozone banking and capital markets unions is now central to the Franco-German roadmap’s priorities. It will enable autonomous funding of European companies by facilitating crossborder investments and circulation of savings within the EU, with financial markets and European supervisory authorities operating at full efficiency.
     
  • Simplification of standards will enable abolition of restrictions not imposed by European law, and the "Tax for business" single entry point is designed to inform foreign investors on the French tax system, facilitate their completion of formalities and explain the workings of the impatriate employee regime, which is one of the major advantages provided by the Paris financial centre. Fiscal convergence will also speed up the European project for harmonisation of the corporate tax base.

Our Ambition for Paris’ Financial Centre - Press kit

 

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