Between the alleyways of Le Marais, the art (both the famous and the yet to be found), the food, patisseries, aperitifs, and La Tour Eiffel, Paris is a dreamy destination for people the world over—and moving to the city is an enviable endeavor for professionals and travelers alike.
Moving your business to Paris, however, surfaces an entirely different slate of considerations—from “Is this economically feasible?” to “Where is the best location for my brand and team?” You need to know the most suitable neighborhoods for your growing company, and how to take full advantage of the innovation and creativity flowing through the metropolis.
Rest assured: With a wonderfully competitive business environment and a long list of cultural attractions, Paris can be an ideal home for your business. Here’s what you need to know before making the move.
Business opportunity in Paris
According to the national bank, business and economic growth in Paris is expected to continue across a range of industries—particularly manufacturing, services, and construction. The Banque de France forecasts that France’s GDP will increase 0.4 percent in the first quarter of 2019, and the country’s overall economic growth should continue at a rate of 1.5 percent during this year and 2020.
With Brexit forging ahead in Britain, France (and Paris in particular) has welcomed fresh opportunities in the face of such flux. To further this, the government is introducing measures that will continue to attract foreign investment.
In 2018, the Paris Commercial Court and the Paris Court of Appeals added international commercial divisions, which means it’s now possible to hold hearings on cases involving business contracts entered in English. This initiative was unveiled during the “Choose France!” summit in Versailles last year in a bid to enhance the nation’s attractiveness to foreign companies—particularly investment funds, digital firms, and startups.
Also at the summit, major companies including Toyota, Facebook, SAP, Google, and Novartis announced pivotal projects in the region, promising to bring almost €3.5 billion in investment to France and generate thousands of jobs over the next five years.
The potential doesn’t stop there: With 28 of the world’s Global 500 companies based in the country, and 11 of the world’s top 100 most sustainable corporations also at home in France, your team will stay motivated and engaged surrounded by such success. Plus, the contacts accessible to you are limitless.
Finally, global audit and consulting firm Mazars teamed up with Business France to create a series of guides on taxes, business grants, and employment regulations in France. These are a good starting point for businesses with plans to move to the city.
The cost of office space in Paris
Office space for rent in Paris is usually priced on a per person/per month basis, allowing easy customization based on the number of employees working in the office. However, the current economic growth in France means demand for office space in Paris is increasing; businesses from all over are expanding or relocating to the vibrant metropolis, which in turn is pushing prices for traditional office space to new highs.
Moving your business to Paris with WeWork
Teaming with WeWork ensures that your transition to a Parisian office space will be as seamless as possible, maintaining the productivity and security of your business as you move. Here are three choices for moving your business to Paris with WeWork.
Hot-desking close to the Seine
Ideally located close to the river Seine, the National Library of France, and the Paris School of Business, WeWork 198 Av de France offers a range of hot-desking and office-space solutions along with loads of amenities. Plus, onsite bike storage is available for after those riverfront cycles.
This workspace is pet-friendly for those who enjoy bringing their four-legged friends to work. Other helpful amenities include IT support, onsite management and cleaning staff, dedicated meeting rooms, and common-area lounges.
Private offices with Parisian prestige
Right on the Champs-Élysées, WeWork 92 Av des Champs-Élysées is within walking distance of popular restaurants and inspiring boutiques. You’ll feel the history of the city as you commute on one of the most famous avenues in the world; be sure to stop a moment and appreciate the Arc de Triomphe as you pass by.
Finding refreshment between tasks is simple at this location, which boasts outdoor spaces, a wellness room, and beautifully designed event spaces. Enjoy coffee on the rooftop terrace before a meeting, then kick off a new project in the onsite brainstorming room.
Shared workspace for creatives
WeWork 20 Rue La Fayette is conveniently located near the center of Paris, putting you close to cultural icons like the Palais Garnier and the Louvre Museum. You’ll be in the midst of several theaters, and the Jardin des Champs-Élysées is close by should you need a tranquil place to sit in the sun.
Whether you’re drawn to Paris for its galleries, food, romance, or business scene, relocating to the city can open up a wealth of opportunity—both the professional and social kind. WeWork’s shared offices help you harness this, providing the space and support you need to find your path in Paris, and beyond.
Growing from a few to a few hundred employees takes strategy and the right space.