Countless Americans Want To Flee The U.S. Due To The Economy And Healthcare System Concerns, But She’s Sharing All Of The Downsides Of Ditching America And Moving Abroad, Like Losing The “American Dream”
Lately, many stories have been circulating about how American citizens are unhappy with living in the United States and being compelled to leave the country for good, moving abroad to places like Asia and Europe.
There are multiple reasons people are choosing to make the move overseas, such as America’s rising costs of living, the broken healthcare system, and the lack of gun control.
However, one creator on TikTok is detailing the downsides of leaving the U.S. and moving abroad, particularly to France.
In the video, Amanda Rollins (@americanfille) and her French immigration lawyer, Daniel Tostado, talk about how France is not the best country to be in if you want to be an entrepreneur.
Amanda points out that the United States has what’s called “the American dream.” The American dream allows you to pursue whatever you want, no matter what your college degree is.
“If you have an idea and you have like the sheer willpower, you can go start any business that you want and be successful,” said Amanda.
But that’s not how it works in France. Daniel explains that the American approach is that if you fail, you can try again and again until you succeed. That same mindset does not apply to French culture.
For example, Daniel earned an undergraduate degree in music, which wasn’t very relevant to his law degree. Yet, he was still able to pivot careers and land himself into law school.
If he had completed his education in France, he would’ve had to go all the way back to square one and redo several years of schooling.
Svetlana Sokolova – stock.adobe.com – illustrative purposes only, not the actual person
“That’s the real challenge for entrepreneurs that if, like, you wanted to set up a company today in France, and you do, you have to get work authorization,” said Daniel.
“But because you’re not an American living in America, you’re an American living in France, you have to ask permission for that. And they’re not inclined to say yes. They want it to be real and serious, and you have to prove that with the business plan.”
Side gigs usually aren’t accepted, and if you only have American clients, you won’t be allowed to have the status of an entrepreneur.
Once you are actually able to establish your company in France, there are also taxes to consider. In France, there’s something called “value-added tax,” which is similar to sales tax in the U.S., except it is twenty percent of all your earnings.
On top of that, you will have social charges, which are forty percent. And after that, you must pay your income tax, which is about fifteen percent.
Due to the social charges, you will make less money in France compared to owning a business in America, where you get to keep most of your earnings and pay fewer taxes.
“So, like, if you’re an entrepreneur and you’re thinking of moving to France, and you want to kick off your business, consider these things we’re talking about because you are not going to be the next Bill Gates in France,” said Amanda.
@americanfille Replying to @Amanda Rollins Reasons to maybe not move to France part 2: its not the best country to be an entrepreneur, and you will earn less money wirh social charges #movingtofrance #movingtoparis #paris #france
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