Did you say “JEI”? Young innovative company?

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“JEI”, does your company correspond to this status which offers multiple advantages? In order to encourage you in the entrepreneurial path, we suggest that you bring water to your mill (with ideas, not with words!) To make up your mind to carry out the procedures.

Do you match the conditions?

New companies, which are created before December 31, 2022 and which invest in research and development (R&D), having the status of young innovative company (JEI) or young university company (JEU), can benefit from tax exemptions. and social. The status of JEI has been extended to GAMES which constitute a particular category of JEI.
To get the young innovative company status (JEI) small and medium-sized enterprises (SMEs) must meet several specific criteria:
• be an SME, that is to say employ less than 250 employees and achieve either an annual turnover of less than 50 million euros, or a balance sheet total of less than 43 million euros;
• be less than 8 years old;
• be independent (at least 50% of its capital must be owned by natural persons);
• be genuinely new, ie not have been created as part of a concentration, restructuring, extension of activity or takeover of pre-existing activities;
• carry out research expenses representing at least 15% of the tax deductible expenses
In order to obtain the status of young innovative company, small and medium-sized enterprises must make themselves known to the tax services department.

What are the steps to take?

To claim innovation, your project must be based on an offer or a service corresponding to something existing but modified or totally new. This project must allow the contribution of existing or new functions to an existing or new market. If you feel that your project falls into the “innovation” category, do not wait for your idea to be stolen (nor for it to fly away, “hatred in the wind”!) And apply now to the public investment bank (BPI) in your region on www.bpifrance.fr. This public company financing and investment group conducts a techno-economic analysis of your entrepreneurial project and examines its innovation strategy. Please note, do not be surprised by the fees for opening the file, which amount to € 3,000 excluding tax and remain the responsibility of the company. As all good things come to an end, the qualification ” innovative company »Expires after three years.
In the first 10 months of his activity, the entrepreneur can ask, by means of a declaration on honor, if he can benefit from the tax advantages at the regional or departmental direction of public finances.
No prior declaration to Urssaf is necessary to obtain exemption from social charges. The company itself applies the exemption by completing the summary of contributions.

What are the tax advantages?

A young innovative company benefits from several advantages in tax matters and therefore benefit from exemptions in matters:
• income tax or corporate tax:

o total exemption during the 1st financial year (or the first beneficial tax period);
o 50% exemption for the following period or financial year;
• the territorial economic contribution (CFE and CVAE) and the property tax for 7 years upon deliberation by local authorities.
The profit tax exemption can be combined with the research tax credit (CIR).
JEIs can also, under certain conditions, obtain:
• exemption from capital gains on the sale of units or shares;
• the immediate restitution of their research tax credit claim.

Recall

The tax advantages apply to companies created until December 31, 2022.



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