French ‘Angel Investor’ Visa Route

INTRODUCTION

With an investment of €300,000 in a French startup, you and your family can receive a 4-year visa which is renewable provided that the investment is maintained. You will be eligible for permanent residence after 5 years of continuous residence in France (or any EU country).  In comparison, the french ‘Angel Investor’ visa may be a more attractive option than its Southern European counterparts but there is often a higher tax burden.


French 'Angel Investor' Visa Route

1. French Tech Visa

What is the French Tech Visa?

The French government have recently created a series of immigration routes, all designed to attract skilled professionals and entrepreneurs. They are known as the ‘French Tech Visa’ or the ‘Talent Passport’. These changes have resulted in the creation of a new subcategory called ‘Business Investor’. 

Here are the following criteria you must meet:

  • Invest at least €300,000 
  • Invest either directly in a start-up or via a company (where they retain at least a 30% shareholding)
  • Own at least 10% of the company in which you are investing in
  • Create or protect jobs within the four years of investment.
2. Who is eligible?

French start-ups

The aim is to encourage venture capitalists to invest in French start-ups. 

Here are several ways to qualify for the French Tech Visa for Investors:

  • Open a foreign venture capital firm office in France
  • Become recruited as a foreign investor by a venture capital firm based in France 
  • As a ‘Business Angel’ (meaning successful entrepreneur) you can move to France

Where to invest?

A list of designated companies which would be best to invest in for your application is currently being developed. For now, you should seek advice from business immigration specialists to help determine which company to invest in for your application. 

How to apply: 

  • Your application will be handled on a one-to-one basis.
  • The French Tech Mission will send you an official acceptance letter stating that you are qualified for the French Tech Visa for Investors after it has searched through your profile and investment history.
  • You will then be able to apply for your long-stay visa and residence permit. The procedure depends on whether or not you already live in France.

Fees:

  • As the main applicant, you will pay  600 for processing fees and related taxes
  • For your spouse, the application fees are just 269 and 99 per dependent
  •  For your long-stay visa, which allows you to enter France, it will cost €99
  • You must pay a tax of €250 to the French Immigration and Citizenship Office Additionally, there is a stamp duty of €19
  • The total cost for the long-stay visa plus the residence permit is €368
3. If you live outside of France:

If you live outside of France:

  • No earlier than 3 months before the date of your arrival in France, you should apply for a long-stay visa and residence permit titled: “Passeport Talent” (“Talent Passport”) at the French Consulate in your home country.  
  • The long-stay visa authorises you to enter France as a company director. Whilst the residence permit allows you to stay in France as a company director for 4 years.
  • After your arrival in France, you will present your long-stay visa at your local Préfecture (French government administrative office) which will then issue your residence permit allowing you to stay and work in France.
4. If you already live in France:

If you already live in France:

If you already live in France under a different type of residence permit, you will need to apply 2 months before your previous residence permit expires and request your local Prefecture for a change of status. 

Required Documents

You will need to provide your acceptance letter from the French Tech Mission alongside the documents required for the “Talent Passport” residence permit. 

5. Bringing your family to France?

Bringing your family to France?

The French government have recently created a series of immigration routes, all designed to attract skilled professionals and entrepreneurs. They are known as the ‘French Tech Visa’ or the ‘Talent Passport’. These changes have resulted in the creation of a new subcategory called ‘Business Investor’. 

Here are the following criteria you must meet:

  • There is an “accompanying family” procedure for your spouse and dependent children.
  • Your spouse will be automatically granted the “Talent Passport – Family” residence permit, which will allow them to live and work in France. 
  • Dependent children under the age of 18 do not need a residence permit. However, an underage child travel document  (DCEM) must be obtained at your local Préfecture after your arrival in France.
    • Children who enter France under the age of 18, but then turn 18 during their stay must apply for a “Talent Passport – Family” residence permit in the year they turn 18.
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