IMPACT – MEDIUM

The French government has amended the eligibility requirements for the “Talent Passport – New Business” application.

Key Points:

  • As of Sept. 24, individuals must submit a request to the Ministry of the Economy for an evaluation on the real and serious nature of the business creation project before applying for the “Talent Passport – New Business” visa or residence permit.
  • To be eligible for the “Talent Passport – New Business” visa or residence permit, applicants must have:
    • A master’s degree, educational equivalent to a master’s degree or at least five years of related work experience.
    • A real and serious business creation plan to form a profitable business in France.
    • An investment of 30,000 euros in the planned business.

Additional Information: More information regarding the “Talent Passport – New Business” visa or residence permit can be found here.

This alert has been provided by the BAL Global practice. For additional information, please contact berryapplemanleiden@bal.com.

Copyright © 2021 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries, please contact copyright@bal.com.