France is introducing a new set of visas to attract startups and entrepreneurs from outside the EU.
In a bid to attract to more foreign investments, the French Government has announced that it will create a fast-track and one-stop-shop for visa paperwork catered to talented individuals, startups and entrepreneurs that want to work in France.
A start-up visa will be created. It will give a five years circulation visa for non-EU talented individuals that do not wish to settle in France but want to be able to come on a regular basis for short business trips or leisure. The administrative procedure will be simplified.
Also, a new “Talent passport” visa will be created and viable for four years, for recently qualified graduates, researchers, investors, corporate officers and highly skilled workers. Students and foreign researchers would also be eligible for a visa equivalent to the length of their studies. This talent passport visa comes two months after the UK announced the extension of their exceptional talent visa route for highly skilled foreigners working in Digital and Tech.
Perhaps inspired by the example of Startup Chile (a program helping foreign startups grow their business in Chile), Francois Hollande has announced that the French Tech will give selected foreign startups with help to access funding. Foreign Innovative entrepreneurial projects with international potential will be able to go through the French Tech Ticket, and receive € 25,000 for their projects.
Details of theses new measures can be found on the French Government website.