A pensioner’s residence permit in France is a way to move to Europe, enjoy the Mediterranean climate, and full social protection of elderly citizens.
French pensions allow themselves to ensure a decent old age, however, a non-resident of the state has the right to receive pension payments from them country, while staying in French jurisdiction. Let’s figure out the details.
Advantages of getting a Residence permit in France:
- opening bank accounts of any format in any institution in Europe (debit, credit, deposit);
- free movement between the countries of the Schengen area without a visa;
- the right to full social protection with security;
- the possibility of opening an individual (family) enterprise with preferential taxation (small business is supported by the state);
- obtaining the right to work (except a pensioner’s residence permit in France for 10 years).
Also, in the event of the death of a spouse, the second pensioner receives 52% of the amount of government charges.
Residence permit in France for foreign pensioners: what you need to know
A French residence permit is issued based on a long-term visa that allows a long stay in the territory of the state (category D). After receiving it from the immigration service of his state, a non-resident must justify the right to obtain a residence permit in France or take part in a program with state support for non-resident pensioners with a special card for 10 years.
The grounds for obtaining a residence permit in France will also be:
- ownership of part of the assets of a French or foreign company operating in France – from 30% of the total amount of the authorized capital;
- investments in the country’s economy from EUR 300,000;
- purchase of a commercial or residential real estate in the ownership of a non-resident;
- conducting business with the registration of a company in France;
- reunification with relatives/family.
Foreign pensioners can apply for a French residence permit card for 1 year in the status of “guest” with the right to renew (1 month before the expiration date), for 5 years if there are investments in existing companies, for 10 years if they participate in the state program.
Residence permit in France for a foreign pensioner: what about pensions?
Before receiving permanent residence (Carte de Resident), after five years of continuous residence in France, pensioners can receive transfers from their pension fund.
For a foreign pensioner, a residence permit in France means opening a bank account with a minimum balance of EUR 18,255. This amount is 12 times the minimum French salary per person. You will also need a rental agreement for 1 year or book a hotel room for at least 3 months.
Account for an individual with a personal visit
When receiving a residence permit in France, pensioners for 10 years under a special program are not allowed to work. That is, non-residents of retirement age do not have the right to receive income.
Residence permit for a pensioner in France: what kind of pension does a European country pay?
Persons are entitled to receive a French pension:
- those who have reached the age limit established by the legislation – 67 years;
- non-residents with a permanent residence card (subject to a residence in the country for at least 6 months in one calendar year);
- receiving income in French jurisdiction: up to 9 600 EUR per year for 1 pensioner, up to 14 904 EUR per year for two people.
If the requirements are met, the applicant applies to the Annales du Btp (French Pension Fund) office to calculate the pension (the minimum amount in the French state is 800 EUR per month for 1 pensioner, 1,242 EUR for two people). The final calculation is made based on the length of service and other individual characteristics of the applicant.
