Entrepreneurship is making a comeback in France. According to an annual survey conducted by Agence France entrepreneur (AFE), an organisation that promotes and supports entrepreneurship, new business creation grew by 5.5% in France in 2016. In total, 554,028 new companies were founded in France last year.
Broadly speaking, the number of businesses created has remained stable at around 550,000 per year since 2011. The latest report on new business creation in France notes that the number of "traditional" companies -- such as limited liability companies (SARL) and simplified joint stock companies (SAS) -- being created has jumped 10% compared with 2015. Such companies accounted for 60% of all businesses created in 2016.
While the number of businesses created remained stable in France between 2014 and 2016 (+0.6%), the AFE notes major regional disparities. One region stands out from the rest: Ile-de-France (Paris region). The number of companies founded in this region surged 14% in two years to reach 162,153 units in 2016.
If you would like to find out more about France’s new-found entrepreneurial dynamism, click here to download the full report from Agence France entrepreneur.