For HNWIs and entrepreneurs, France is one of the greatest nations in Europe to reside, work, and trade-in. The country wants to promote a brand-new age of world-class businesses, increase technology, and generate employment in the French economic activity. In 2016, France’s private capital investment totaled $2.6 billion. Depending on business activity in France, France provides two sorts of golden visas.
- French Tech visa
- Talent Passport scheme
French tech visa
In 2017, the country introduced the French IT Permit, which aims to make it easier for skilled technology professionals, such as innovators, engineers, and financiers, to come to the country and integrate. The Tech Program strives to support businesses, capitalists, technicians, and other creative individuals.
At an innovation exhibition on July 15, 2017, French President Emmanuel Macron unveiled the French Tech Visa. He stated his intention to make the country the epicenter of creation and entrepreneurialism1 and position the country as a global pioneer in this field, notably in areas such as the world wide web, machine learning, and the intersection of electronic and pure technology, and all alternative energies.
A ‘priority procedure’ for issuing the Talent Passport residency visa is included in the French Technology Visa system. Candidates must initially present their request to the Finance department, where they will receive a statement of permission that will allow them to proceed to the priority phase. A few of the criteria are:
- The Director, a French government entity, has given its consent.
- You intend to establish a financially effective business firm in France.
- Monetary means of at least €18,000 per year, the French basic income.
The long-stay visa request must be submitted to the French embassy or foreign body. The Department of Finance’s ‘French Tech Mission’ is in charge of examining the submissions.
Talent passport
The policy of March 7, 2016, regarding the right of expats in-country, revised the Migrants Program by presenting the latest visa application type for the multi-annual residency visa (carte de séjour pluriannuelle) to enable the moving of specific groups of third-country citizens.
The requirement to generate or keep at least 50 job positions was modified with a requirement to generate, retain, or pledge to maintain employment within four years of the investment in France.
The staff of emerging progressive enterprises, extremely skilled professionals, fresh bachelors, business founders, managers of creative projects, and financiers are among the ten areas covered by the Talent Passport residency visa. This legislation aimed to make France more appealing to these groups and make the entry process easier.
Unlike other multi-year residency visas, the Talent Passport resident card enables third-country citizens who have secured a long-stay license to visit France to apply for a residency visa after landing.
Requirements
- Candidates and relatives must provide a document stating that they have no criminal records.
- A “Certificate of Source of Funding” must be issued by the candidate.
- The candidate must present tax records.
- The applicant must be creating jobs in France for French natives.
- A property investment of more than 300,000 Euros is required.
- To demonstrate that it has the potential to execute and supervise the financing program, the candidate must submit a complete personal cv as well as a “No bankruptcy record statement.”
- Requesters must be 18 years old or older.
Benefits of a talent passport
The following are the perks you can enjoy by investing in the French economy and gaining a talent visa:
- Eligible for a period of up to four years.
- For the investor, there are no strict educational or linguistic qualifications.
- After five years of residence in the country, the investor and his dependents can file for a residency visa or citizenship.
- Investors and their children can join France’s public safety program and profit from its perks; they also have the freedom to learn, perform, and make the trade in the country.
