France remains the most attractive country in Europe for foreign investors – MENAFN.COM

France remains the most attractive country in Europe for foreign investors – MENAFN.COM

United Arab Emirates: the 2021 EY Attractiveness Survey for France, published by EY, confirms France's position as European leader for incoming foreign investment in 2020. France held its no. 1 position in 2020, receiving 985 investment projects across the country. For the second year running, it was ahead of the United Kingdom and Germany. This achievement demonstrates the robust fundamentals of the French economy, strengthened by the proactive reforms the Government has implemented over the last four years. A vast programme of long-term reforms has been implemented since 2017 to enhance France's attractiveness for businesses. The Government has taken strong steps to boost competitiveness: cutting corporate taxation, reforming the labour market, making the research tax credit permanent, and reforming the taxation of persons through the creation of the flat tax on income and the real estate wealth tax. In addition, the Government has worked to simplify procedures for companies and investors, particularly through the 2019 business transformation and growth (PACTE) Act. These structural, long-term reforms made France Europe's most attractive country in 2019. France's continued leadership this year demonstrates the effectiveness of the massive support measures deployed by France to address the economic consequences of the COVID-19 crisis. An exceptional