Self-employed, best option moving to France from US

davidwg

17 Mar 2010 at 17:15 · Viewed 1737 times

I have recently moved to France from New York, where I have an S-Corp with 87k euros equivalent turnover and 80K euros profit (an S-corp is like being self employed i.e. profit is part of my overall personal tax liability). This is all from online ad revenue in the US, I don’t work for the company day to day. What are my best options for what I need to setup in France, do I need to close the S-corp? The S-corp results in a tax amount of roughly 35%. When I look at the social charges (45%) for self employment structures in France this would mean that income tax and social charges would be nearly double my US amount. Are there any options for reducing this e.g. the 18% turnover based social charges?

Answered