Business

Five years to make it or lose it

Sat, 11 May 2013 09:00:00 +0000

The French government is considering putting a cap on the popular auto entrepreneur scheme.

Today's innovation, tomorrow's impact

Sat, 06 Apr 2013 09:00:00 +0000

A one-day exclusive event, The EDGE, will be held on 11th April at the Oceanographic Museum in Monaco. The Monaco Private Equity and Venture Capital Association (MVCA), in partnership with the International University of Monaco (IUM), are hosting the Entrepreneurial and Impact Investing Forum and Challenge, which is designed to identify and showcase young companies proposing innovative solutions for a sustainable world.

No CFE tax for auto entrepreneurs

Sun, 23 Dec 2012 13:38:00 +0000

The government has announced that auto entrepreneurs will be exempt from paying the cotisation foncière des entreprises (CFE) business tax for 2012.

Protecting your trusts

Fri, 19 Oct 2012 15:13:00 +0000

QROPS and trusts are well organised from a British perspective, but one must also worry about the taxation rules applicable in the country of residence: in our case France.

The life of currencies

Mon, 03 Sep 2012 12:35:00 +0000

The euro has lost its strength this year against many other currencies. Why? What makes the value of currencies move?

Want to hire an intern?

Sun, 05 Aug 2012 15:50:00 +0000

If you are one of those companies that are interested in employing students during the summer (interns), here is some information to keep in mind.

Can I trust my trust?

Mon, 23 Jul 2012 08:20:00 +0000

French financial advisers reported a state of bewilderment last month in fiduciary companies and among accountants specialising in trusts, as the date for declaring an interest in trusts - 15th June - passed with many unaware or unsure of how to report it.

Small business holding its breath

Mon, 18 Jun 2012 08:00:00 +0000

The auto entrepreneur scheme was created to help individuals start their own small business and to forge a place for that business in their communities.

Are they heading for an expat exodus?

Thu, 14 Jun 2012 08:00:00 +0000

George Osborne's so-called Granny Tax will lead to an increasing number of British retirees moving abroad to places like the French Riviera, according to some sources in the UK. And while the popular picks for a sunnier climate and better pension rates are old favourites Spain and France, enquiries for property in Cyprus and Malta are also on the rise.

BRICs: what letter to choose?

Mon, 23 Apr 2012 08:00:00 +0000

You probably already heard about the 'BRICs'. This acronym stands for four emerging countries: Brazil, Russia, India and China. It was invented in 2001 by Jim O'Neill, an economist at the famous investment bank Goldman Sachs, who described these countries as the ones who should become the most dominant economies in the world by the year 2050.

Understanding tax laws 2012

Mon, 09 Apr 2012 09:00:00 +0000

What's new about the personal income tax and corporate tax this year? Jean-Philippe Gioanni, registered chartered accountant, looks at the 2012 Finance Act and gives you some details.

BRICs: what letter to choose?

Mon, 09 Apr 2012 09:00:00 +0000

Delta spends up big to improve services

Mon, 13 Feb 2012 12:15:00 +0000

As part of a two billion euro investment, Delta Airlines will enhance its facilities and optimise its services and technology by 2013. Passengers flying in Business Elite on the Boeing 767-400 can now sit back and relax in the stylish reclining bed seats, while enjoying in-flight entertainment.

Business boom in Alpes-Maritimes

Thu, 09 Feb 2012 13:46:00 +0000

While businesses across the country began to feel the strain of the financial crisis in 2011, it proved to be a rather successful year for companies in the Alpes-Maritimes, recording an annual turnover three per cent higher than 2010. Nonetheless, unemployment remained higher than the national average.

Tracking precious metal sellers

Sun, 29 Jan 2012 08:25:00 +0000

The French government is strengthening laws on the buying and selling of precious metals in an effort to tighten regulations in the industry. It comes amid an alarming spike in jewellery heists in the Alpes-Maritimes and a surge in metal thefts throughout Europe.

Use loans to reduce the new wealth tax

Mon, 02 Jan 2012 13:42:00 +0000

Owning a property in France now means a foreign investor must pay the French wealth tax as soon as its value exceeds 1.3 million euros on the first of January of the taxation year. If the scheduled new rules are confirmed, the wealth tax will be higher next year as the former tax schedule is restored by the government. Something can be done to avoid this: taking a loan.

Investing in the future

Sun, 01 Jan 2012 09:00:00 +0000

As readers from Riviera Times know, RFP is a very transparent financial adviser and all comments on financial markets and articles can be checked during the months after they're published on our web site. We concluded our article in The Rivera Times January 2011 as follows: "Consequently, we remain very careful and we prefer to wait before investing again on stock markets". In our monthly market analysis report from March 2011, when Eurostoxx 50 was reaching 2,949 and gold 1,429 USD per once, we were advising to sell stocks and buy gold. They respectively reached 2,219 and 1,586 (peaked at 1,826 beginning of September). Future developments showed our forecasts were right.

New leader at SBM

Fri, 02 Dec 2011 09:00:00 +0000

Minister of State Michel Roger and his ministers came to their first, televised meet-the-press engagement with a carefully prepared "modernisation" agenda that announced a number of new initiatives.

10 unusual financial products

Thu, 01 Dec 2011 09:00:00 +0000

Everybody has heard about savings, stocks or bonds. But banks are innovative, and many other products have been created throughout the years which can even be subscribed to French and Luxembourg life insurance policies. We would like to introduce you to 10 kinds of investments you are probably not too familiar with. Last month, we introduced the first five on our list. Here are the last five:

10 unusual financial products

Tue, 01 Nov 2011 09:00:00 +0000

Everybody has heard about savings, stocks or bonds, but banks are actually very innovative. We would like to introduce you to 10 types of investment you are probably not familiar with. Here are the first five. Next month, we will present the next five.

No dividends for SBM

Thu, 27 Oct 2011 10:54:00 +0000

A decision to withhold dividends for the fiscal 2010/2011 year was announced at the Société Des Bains de Mer (SBM)’s extraordinary general meeting, held last month on 9th September. The move was prompted by a previously-announced net loss of 17.3 million euros on a consolidated turnover of 361.7 million.

New bank for Monaco’s wealthy

Fri, 21 Oct 2011 07:28:00 +0000

Luxembourg-based Banque Havilland has just finalised the acquisition of Dexia Private Bank Monaco SAM. Under its new name Banque Havilland (Monaco) SAM the bank will continue to operate out of the same premises (3-9 blvd des Moulins and 32-34 blvd Princesse Charlotte), with the focus on wealth management.

Free health cover transfer

Tue, 18 Oct 2011 12:52:00 +0000

Are you one of those globetrotters who has recently moved to new pastures and is now without adequate health insurance? If you are, then you belong to a growing number of people demanding an international health and accident insurance policy that will simplify life for those working or living abroad, or who travel extensively.

Have you got what it takes?

Tue, 18 Oct 2011 07:34:00 +0000

But there is a way to become self-employed without taking enormous risk. The auto entrepreneur system in France has simplified small businesses, and it can be the gateway that foreigners need to complete their dream.

Rigorous budgetary discipline

Sun, 16 Oct 2011 07:50:00 +0000

The Principality of Monaco will downsize development plans in a bid to balance the books within the next three years.