If you are a high net-worth person searching for the best country to live, study, and invest in the European Union, the solution is to acquire the France Golden Visa. In 2016, France witnessed a venture capital investment of 2.6 billion USD.
By offering such visas, France intends to entice the new generation into world-leading companies, generate jobs, and promote innovation in the French economy. One of the reputed organizations that offer France Golden Visa services is Pearl Lemon Visa. It assures you of a hassle-free and speedy application process.
3 Types Of Golden Visas In France
Based on its economic activities, France renders three varieties of Golden Visas:
Economic Residence Permitting:
This had a minimum investment of 10 million euros. In 2016, these visas were closed and replaced by Talent Passports.
Economic Residence Permitting is a program implemented by the French government to allow non-European Union citizens who invest in or start a business in France to obtain a long-term residence permit.
This program is designed to encourage foreign investment and stimulate economic growth in France.
To be eligible for an Economic Residence Permit, an individual must invest in a French business, create a business in France, or acquire an existing business. The investment must meet certain criteria, such as creating jobs, contributing to the French economy, and being a viable business plan.
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Advantages Of Having This Visa
Economic residence permits allow investors and entrepreneurs to start or expand their businesses in the host country. This can create new job opportunities and contribute to the economic growth of the country.
Economic residence permits provide foreign investors and entrepreneurs with access to a large market, which can help them grow their businesses more quickly than they would be able to in their home countries.
Economic residence permits often allow for a long-term stay in the host country, which provides investors and entrepreneurs with stability and allows them to fully immerse themselves in the local business environment. Even the applicant’s families can get the benefits of these visas.
The French Tech Visa
This is for entrepreneurs and startups. The French Tech Visa is a program designed by the French government to attract talented foreign entrepreneurs, investors, and startup employees to France. It is a fast-track program that aims to facilitate the arrival and residence of these individuals in France to help them build their businesses and develop their skills.
In 2017, the nation launched this visa type. The main intention was to entice investors, employees, entrepreneurs, and another technical talent. It facilitated the advent and integration of such individuals.
When Emmanuel Macron, the President of France, declared the commencement of this visa, he revealed that the goal of this visa was to make France the center of entrepreneurship and innovation.
He commented that France must be a leader in these domains, specifically regarding issues such as Artificial Intelligence, the Internet of Things, and the convergence of clean technology, digital technology, and all Green technologies.
Advantages Of Having This Visa
The applicant has to apply to the Ministry of Finance (the French Tech team). Then, this team provides a letter of approval indicating eligibility for a priority procedure. The applicant has to fulfill the following conditions while applying for the visa.
You should have financial resources that are the minimum as the French annual minimum wage of 18,000 euros on January 1, 2018.
You need to have an economically innovative startup project that could be implemented in France. Your application had to be approved by a French public organization named ‘Direccte.’
The French Tech Visa application process is streamlined and simplified, making it easier for foreign tech talent to apply for and obtain a visa to live and work in France.
Once you have submitted your French Tech Visa application, it will be processed within four weeks, which is much faster than other types of visas.
The Talent Passport Scheme
This has a minimum investment of 0.3 million euros. The Talent Passport Scheme is a program initiated by the French government to attract highly skilled workers from non-European countries to work and live in France. The scheme aims to address skills shortages in certain sectors by facilitating the entry and residence of these workers in France.
The Talent Passport Scheme is open to applicants with skills in one of 10 targeted sectors, including engineering, science, technology, and culture. Applicants must also have a job offer or work contract from a French company, and their annual salary must meet a certain threshold.
Advantages Of Having This Scheme
This scheme was pertinent to 10 categories, including investors of projects, leaders of innovations, company creators, recent graduates, highly skilled workers, and employees of novel, innovative organizations.
When these schemes were being designed, the investment limit was reduced from 10 million Euros to 0.3 million Euros.
Another change was that the limit of generating or maintaining a minimum of 50 jobs was substituted by a general requirement of creating, retaining, and committing to retain jobs during the four years after you invest in France. The investor and family members are provided a 4-year residency card.
This scheme is different from another multi-annual residence, which is permitted in that it permits nationals of third-country countries with a long-stay visa to come to France. After their advent in France, they can request the Talent Passport residence permit.
After this permit process, the third-country citizen can work in the investment project’s framework that justifies the grant of the Talent Passport. Now, the person can perform some activity in the business and must generate and retain jobs while the Talent Passport is valid.
All of these visas are convenient for entrepreneurs. Often the government terms and conditions keep changing. Before applying for the visa, ensure the present terms and conditions of the visa process.
Are you thinking of applying for visas to France? Then comment back to us and let us know about your experiences.
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