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France Announces Changes on Application Process for ‘Talent Passport – New Business’

The French authorities have announced that before applying for a specific visa or residence permit under the title “Passport of Talent – New Employment” (Passeport – Créateur d’entreprise), non-European nationals will soon be required to apply.

The application must be submitted to the Ministry of Economy in order to obtain an opinion on the nature of the business and the establishment of the project, reports.

“Before applying for a visa and/or residence permit bearing the mark “Passport talent – new business” (passport talent – Créateur d’entreprise), non-European citizens will soon have to submit an application to the Ministry of Economy for an opinion on the true and serious nature for their own business creation project,” the French authorities indicated.

According to the official France website, Choose France, once the procedure comes into effect, applications for those who wish to apply for a talent passport must be submitted through the platform created just for this purpose.

A “talent passport for company founders” is a specific residence permit for founders of foreign companies from outside the EU/EEA or Switzerland who wish to set up a company in France.

However, in order for company founders to be eligible for this type of residence permit, they must prove that they have a real and serious plan to set up an economically viable business in France.

In addition, they must demonstrate that they have an investment of at least 30 thousand euros in the planned business and sufficient annual financial means that correspond to the national minimum wage, which was 19,074 euros as of October 1, 2021.

Regarding the application time, the authorities suggested that applicants living abroad should initiate the procedure no later than three months before the date of their arrival in France. Likewise, those already living in France must initiate the procedure three months before the expiration of their previous residence permit.

As for the cost of the residence permit, applicants have to pay a tax of €200 to the French Immigration and Citizenship Office when their residence permit is issued. In addition to the tax, a stamp fee of 25 euros is charged on the permit as well as a long-stay visa permit of 99 euros.

Previously, the French authorities announced that the country will now provide modern assistance to foreigners who need services related to residence permits. As a result, users of Student Residence Permits and Talent Passports can request a duplicate residence permit, a visitor residence permit, or report changes to their address online.

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