- August 11, 2020
- Posted by: Editor
- Category: Law
Non-EU/EEA citizens can join the French investment programs and benefit from a wide range of advantages in matters of business. The legislation related to investments provides the same rules and regulations to all citizens interested in starting a business in France, except the cases in which an investor visa is needed. In the case of foreign investors and the necessary visas, legal advice and assistance can be offered by one of our immigration lawyers in France. They can give proper advice and offers tailored to the needs of clients.
What is the Talent Passport Scheme?
The Talent Passport Scheme was introduced in 2016 as an alternative to the Economic Residence Permit and directed to a special type of entrepreneurs from abroad. This is also known as the French Tech Visa. The following details explain the program and the conditions included:
- Investments of at least EUR 300,000 are required to enter the program.
- The investor must create jobs for French citizens.
- This program targets highly qualified workers, graduates, entrepreneurs with innovative projects, and many more.
- Joining the Talent Passport Scheme as non-EU citizens ensure the French investor visa.
- Temporary or permanent residency in France is the next step to follow.
- The applicant must be at least 18 years of age.
It is recommended to apply in time for a French tech visa and join the specific programs if you are a citizen from non-EU countries. Some visa solicitations might prolong for a couple of months, so besides applying in time, you should also request legal advice from a French immigration lawyer. We can also provide details about the general residence permit in France.
Do I need to relocate to France when applying for a France Investor Visa?
Yes, one of the important conditions that refer to foreign citizens and investments in France is to relocate to this country. The French Tech visa is quite successful among foreign entrepreneurs who can also invest in already registered startups in France. In matters of residence, the permanent one is normally gained after 5 years of living in France. More than that, foreign investors have the possibility of investing the profits in other companies too and diversify the portfolio.
What are the advantages of the French Talent Passport?
There are many benefits that come with a French investor visa and among these, the possibility of joining the investment alongside the family members, free access to the healthcare system and education, free movement to French overseas territories, no restrictions for traveling to the Schengen countries, and the possibility of gaining permanent residence and French citizenship after living for at least 5 years in France. One of our French immigration attorneys will explain to you more about the France investor visa and the conditions involved.
Other eligibility criteria for French tech visa
Besides investing EUR 300,000 in an already registered company or by creating a new one, a solid business plan is required, plus the obligation of holding at least 10% shares in the company. We remind that the French authorities have the right to verify the criminal record of foreign investors and also the source of funds meant for investments in France. In addition to these, the entrepreneur will have to create new jobs for French citizens in no more than 4 years. All the details involved can be explained by our French immigration lawyers.
Entrepreneurs who already have a qualifying business in France and wish to remain in the country can contact us for details on the French citizenship application and the conditions.
How long does it take to obtain a French investor visa?
The processing time for an investor visa will not exceed 45 days, and in most cases will depend on the documents provided. The visa application process starts with the French Embassy or Consulate of the city and country you live in, with complete support of our team of immigration lawyers in France. As for the validity of the investor visa, this is issued for 4 years, with the possibility of renewing it before it expires. The visa application process is not complex, but it is best to ask for legal advice and assistance in this matter. You can also read the following facts and figures about the French business and economy, to understand why numerous foreign investors choose France for development and profits:
- Most foreign companies are found in the Paris region.
- Approximately USD 825,000 million was the total FDI registered in France in 2018.
- The World Bank ranks France 32rd out of 190 economies in the world, as revealed by the 2020 Doing Business report.
- 698 was the number of greenfield investments registered in 2018 in France.
Foreign entrepreneurs interested in French investor visas can contact our team of immigration lawyers in France and solicit legal advice. We can also provide details for those who do not qualify for this particular scheme and are still interested in obtaining a residence permit in France.