France Aims to Attract Entrepreneurs, Engineers and Investors with French Tech Visa
France is looking forward to boost startup ecosystem and technology related companies with new visa norms for entrepreneurs, engineers and investors. The French Tech Visa program aims to attract investors and new companies. The visa will be valid for four years and will be renewable at end of the term. For people eligible for French Tech Visa, no work permit will be required. Additionally, the French government will fast track the process for some of the applicants.
Under French Tech Visa, spouse will be granted residence permit. Earlier this month, the French Minister of State for Digital Affairs Axelle Lemaire gave a hint about France planning new norms for startups.
The visa can be acquired under three different categories. The categories are for entrepreneurs who plan to setup a business in France. Another category under French Tech Visa for Founders for which people can contact their local French consulate for more information. The third category will be via French Accelerators and Start-Up Competitions.
The official statement informed, “The French Tech Ticket is a 12-month seed accelerator program designed for international entrepreneurs willing to create their startup in France. More than just a startup visa, this 12-month program offers end to end support on the journey of 70 international startups, from early stage start-up to successful business – from financial support and training to first customer acquisition.”
The French Tech Ticket was launched in 2015 and it has already helped two batches of startups. The program has been successful as per government records.
The statement further informed, “La French Tech will soon be partnering with French Accelerators and Start-Up Competitions. This partnership will provide accelerator and competition participants exclusive support to the French Tech Visa application process.”
A report published by TechCrunch added, “For employees, the government is going to make a list of ‘100+ leading French startups.’ The list isn’t done yet. If you get hired by one of these companies, you get a visa. This seems like a sweet deal for engineers, designers, marketers and more. You don’t have to stay at the company for the duration of the visa.”
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