What financial assistance is available for recruiting young professional?
Do you want to recruit a young professional to the V.I.E program? Find out about all your potential financial and tax assistance opportunities.
The International Young Talent Program is an attractive formula for any business that wishes to grow abroad, from startups to large groups. In addition to the social security exemptions, you can benefit from different types of financial and tax assistance. Here is an overview.
Financial assistance
Regional subsidies
To encourage the international growth of their SMEs, most French regions offer financial support to businesses looking to recruit a young professional.
Check out what assistance your region has to offer
Bpifrance financing
Depending on the purpose of the assignment, your VIE expenses may be eligible for the Bpifrance International Growth Loan.
Bpifrance canvassing insurance
The budget for a V.I.E mission can come under this insurance, which covers you against the risk of failure of commercial canvassing within your target region. This system gives you access to cash flow support with simplified flat-rate insurance.
“The V.I.E for all” program
Receive €4,500 in financial assistance when you recruit a young professional with an undergraduate degree or from a high-priority neighborhood. The financial assistance is valid for any new assignment lasting at least 12 months from December 1, 2023, and until December 2026. A limit applies of three assignments per firm.
“France 2030” Export V.I.E
Are you a winner of “France 2030” and have you joined the “France 2030” Export program? Cover up to €1,500 per month of VIE program costs over 16 months (up to €24,000).
The assistance also includes:
- Support for recruitment: up to 50% of services covered.
- Accommodation: assistance for up to 50% of accommodation costs (up to a maximum of €10,000 on all main services).
- V.I.E coaching: up to 50% covered as part of the “France 2030” export program
Tax assistance
Deductibility of allowances
Any compensation paid to the V.I.E in service can be deducted from the business’s income (see Official Tax Bulletin B.O.I. No. 67 of July 13, 2010).
The Research Tax Credit
This assistance is available if the young professional that you recruited is assigned directly and exclusively to research and development tasks carried out within the European Union or the European Economic Area (EEA), outside of a permanent establishment (governed by article 244 B of the French General Tax Code).
