Obtaining a residence permit by buying a business in France
Affiliate material. Staying in France and doing business in that country becomes more difficult if you are not a French citizen. How to become a business owner and obtain a residence permit - tells Togrul Aliyev, expert on the real estate market in France, head of the companyPARIS MANAGEMENT GROUP.
The main options for a residence permit in France
Immigration law provides for various types of residence permits, which provide the opportunity to create a business in France.
- Resident visa for 10 years issued through family ties, services provided in France, or protection provided.
- Trader / Craftsman Visa - a temporary residence permit for foreign citizens wishing to engage in a commercial, industrial, craft or other individual profession in France for more than 3 months. This is a temporary residence card that gives you the right to engage in certain activities. It replaces the identity card of a foreign investor.
- Visa for private and family life for 1 year is given to those who have relatives in France. He can apply for a temporary residence permit for private and family life for a period of one year, purchase real estate and engage in commercial activities. After this period, the visa is extended.
- Skills and Talent Visa issued when there is a project related to a skill or talent that is directly or indirectly of interest to France and your country.
The easiest way to get a residence permit is to buy property in France
The above options fall into two categories:
- residence permit issued automatically if certain criteria are met;
- professional.
It is quite difficult to obtain a residence permit for 10 years. In order to issue a visa for private and family life, you need to prove your relationship with a French citizen. This residence permit is easier to obtain than a 10-year residence permit because it has no administrative restrictions.
A professional residence permit is open to anyone wishing to work in France.
The skills and talent visa is not in high demand because it is often difficult to justify promoting your skill or talent. This card was introduced by law in order to attract know-how not found in France and to promote social diversity.
The merchant and artisan visa is the most in demand among business creators. Availability commercial real estate in France makes it much easier to obtain. It allows you to do any job and is ideal for the functions of company president, manager or CEO.
How to do business in France
To do business in France, a foreign citizen needs to obtain a long-term visa or residence permit marked "private entrepreneur". The following conditions apply to his business activities:
- profitability, therefore, when applying for a visa, the applicant must provide documents that allow assessing the profitability of the business he is creating or acquiring;
- income from activitieswhich must exceed SMIC - the minimum wage;
- compliance with legal regulations.
If a foreigner is staying abroad, he needs to contact the French consulate. According to the decree of the French government dated October 28, 2016, in order to obtain a business visa, you must provide:
- completed form CERFA No. 13473 * 01;
- police clearance certificate;
- a P237 tax statement if the foreigner lives in France;
- documents confirming skills (experience) and qualifications (diplomas, certificates) for running the planned business.
If you still have questions about starting a business and purchasing real estate in France, please contact the company PARIS MANAGEMENT GROUP. Experienced specialists will provide competent advice and select suitable objects for you.