During his speech at the French-Danish Forum in Copenhagen, French president Emmanuel Macron said, “Entrepreneur is a French word”. It is true. France has become more and more attractive to entrepreneurs from around the world—thanks to the administration of President Macron who welcomed investments and entrepreneurs in France.
For instance, new incentives are being set in the immigration-by-investment French landscape. Entrepreneurs are now offered the possibility of obtaining a Talent Passport, which is also known as the French Tech Visa—a 4-year Residence Card granted to entrepreneurs who wish to bring innovation and solutions to the French market.
Investors Are Moving To France
France is a popular destination in the European Union (EU) especially for those looking to diversify their investments and enter the Schengen market. France represents over 65 million people and borders Spain, Italy, Switzerland, Germany, Luxembourg, and Belgium. France is also ranked the 7th largest economy worldwide and 3rd largest economy in the EU.
The Start-Up Option
Among the current immigration-by-investment streams, the Start-Up option is a secured path to ensure the implementation of a successful business in France.
In order to qualify, an interested entrepreneur must:
● Set up a legal entity in France and control his business
● Present a project that brings innovation or solutions that are identified needs in the French market
● Be approved by a French public body, the DIRECCTE or the Direction Régionale des Entreprises, de la Concurrence, de la Consommation, du Travail et de l’Emploi (Regional Department of Enterprise, Competition, Consumer Affairs, Labour and Employment)
● Collaborate with a government-approved French Incubator.
Collaboration With A French Incubator
An incubator is a company that helps start-up companies to develop, grow, and achieve success by providing developing and supporting services such as management, training, establishing partners for research and development, commercialization, and marketing, while offering full technologies and administrative support with the government authorities. Through collaboration, a start-up entrepreneur is able to build a project hand-in-hand with an experienced French partner.
What Does France Offer To Its Investors?
- A Safe, Living Environment
Not only does the Talent Passport give the investor the ability to conduct business in France, but it also provides a safe living environment. Entrepreneurs and their direct dependents—spouses and children up to 18 years old—will receive a renewable 40-year Talent Passport, which allows the family to live, work, and study in France with free access to the reputable education and healthcare system.
- Free Mobility
Talent Passport holders are entitled to free mobility within the Schengen States (26 countries) for a period that could be up to 6 months per year.
- Permanent Residence Or Citizenship
The Talent Passport is also a secured bridge to a Permanent Residence or Citizenship acquisition in France. The opportunity to become a permanent resident or a citizen will be opened after 5 years of continuous residence.
Are You Ready To Launch Your Start-Up In France?
For further information about the Talent Passport or any other investment immigration opportunities, please contact your Harvey Law group representative.
- Samuel Harvey
Harvey Law Group – Director of Business Development – Philippines
Harvey Law Group (HLG) is a leading multinational law firm specializing in corporate law and investment immigration with a worldwide reputation for representing high-profile clients and corporations, with over 19 offices worldwide. As the top immigration law firm, HLG offers the most comprehensive residency and citizenship programs available to date. HLG was awarded for Immigration Law Firm of the Year at the 13th and 16th annual Macallan ALB Hong Kong Law Awards 2014 and 2017.
Edits: Kath C. Eustaquio-Derla