The scope of the French foreign headquarters regime is expanded to include broader definitions of undertakings, and geographic restrictions are eliminated.
French companies can now qualify.
Procedures to secure approval for top executives to work in France are simplified, including the obtaining of a residence permit and business card necessary for a foreign national to hold an officer's or director's position in some French companies. Non-EU companies no longer need the prior authorization of the minister of finance to make significant investments, except in the areas of health or defence. The period for reassessment may be extended if information has been requested from foreign competent authorities. Shortfall penalties for unacceptable interpretations may be reduced if the position was adequately disclosed when the return was filed. New dispute-resolution procedures are designed to reduce litigation, delays, and compliance costs, and to secure equitable resolutions.