Enabling a Real Estate Investment Trust to Launch Operations in France
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10 septembre 2024
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A global real estate investment trust engaged FTI Consulting to accompany the setting-up of an over €100 million investment in their first development in France. FTI Consulting provided comprehensive guidance on the legal, tax and operational frameworks required to de-risk the investment decision and establish operations in France, while identifying and vetting local service providers to support the client’s long-term goals.
Our Impact:
- The client rolled out a schedule of hourly paid employees leveraging local regulations, including legal working hours, paid leave, reduction of working time, public holidays and how best to adjust working time for an optimal operating model within the boundaries of local regulations.
- The suitable company legal form was selected, based on objectives, with support provided throughout the company incorporation process, from documentation to bank selection, share capital deposition, registration and final signatures.
- As a result of a business plan challenge and review that optimised the profit and loss and operating expenditure models, the investment was confidently validated and the client is now preparing the launch in France.
Our Role:
- FTI Consulting guided the setup of a legal entity in France, coordinating with local legal counsel, preparing articles to duly incorporate and register the newly formed company while local registries.
- The team provided a comprehensive overview of corporate accounting reporting and filing obligations in France, while helping set up a local accounting service provider to manage day-to-day financial and tax reporting.
- FTI Consulting outlined employment obligations, built a cost of labour model by role including a competitive employee benefits package requirement as part of a full company cost forecast.
Date
10 septembre 2024
Contacts
Senior Managing Director, Head of France Corporate Finance