What financial assistance is available for recruiting a young talent?
Do you want to recruit a young talent for a V.I.E assignment? Find out about all your potential financial and tax assistance opportunities.
V.I.E is an attractive formula for any business that wishes to grow abroad, from startups to large groups. In addition to the social security exemptions, you can benefit from different types of financial and tax assistance. Here is an overview.
Financial assistance
Regional subsidies
To encourage the international growth of their SMEs, most French regions offer financial support to businesses looking to recruit a young professional. For DROMs and COMs, the French Ministry of Overseas offers financial support.
Check out what assistance your region has to offer
Bpifrance financing
Bpifrance canvassing insurance
The budget for V.I.E mission can come under this insurance, which covers you against the risk of failure of commercial canvassing within your target region. This insurance gives you access to immediate cash flow support.
International Growth Loan
This loan enables you to finance intangible investments and working capital requirements linked to international development.
Tax assistance
Deductibility of allowances
Compensation paid to young talent currently employed may be deductible from the taxable income of French companies under certain conditions (see Official Tax Bulletin BOI-BIC-CHG-40-20-30 dated July 15, 2013)
