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Doing Business in French Guiana

French Guiana offers a unique combination of advantages for businesses looking to establish themselves in the region. Here are some key points to consider when doing business in French Guiana.

Advantages

  • Stable Political and Legal Environment: French Guiana provides a stable environment for businesses, with minimal risk of disruption or instability.
  • Access to EU Markets: As an overseas department of France, French Guiana has access to the European Union’s (EU) single market, providing businesses with a large and diverse customer base.
  • Competitive Tax Incentives: French Guiana offers competitive tax incentives, including a corporate tax rate of 26.50 percent, which is comparable to other countries in the region.
  • Strategic Location: Located on the northern coast of South America, French Guiana provides a strategic location for businesses looking to serve both regional and global markets.
  • Abundant Natural Resources: French Guiana has an abundance of natural resources, including timber, minerals, and hydroelectric power.

Tax Regime

  • Corporate Tax Rate: The corporate tax rate in French Guiana is 26.50 percent, which is the same as mainland France.
  • Individual Tax Rates: Individual tax rates in France for individuals are progressive, ranging from 0% to 45%.

Company Types

French Guiana allows similar types of companies to be established as in mainland France, including:

  • Sole Proprietorships
  • Partnerships
  • Limited Liability Companies (SARL)
  • Public Limited Companies (SA)
  • Simplified Joint-Stock Companies (SAS)
  • Cooperatives

Economy

The economy of French Guiana is relatively small and dominated by the public sector. However, this presents opportunities for businesses to establish themselves in key sectors such as:

  • Natural Resources: Exploiting the abundance of natural resources in French Guiana.
  • Infrastructure Development: Investing in infrastructure development projects, such as transportation networks and energy generation.
  • Tourism: Developing the tourism industry to capitalize on the country’s unique culture and natural beauty.

In conclusion, French Guiana presents opportunities for businesses due to its stable environment, access to EU markets, and abundant natural resources. However, it’s essential to carefully consider the tax regime and company types before setting up a business in French Guiana.