The French residence permit for financially independent individuals permits a national of any non-EU nation to remain in the French region for 12 months. The permit is awarded if you have your own or rented housing in the state territory and have enough finances to live. The French residence permit for financially independent individuals also allows the candidate to apply for a residence permit for family members such as kids below 18, partners, and dependent parents.
French residence permits for financially independent people can be renewed as many times as desired, provided they remain in the nation for a minimum of 183 days annually. Temporary resident status makes it feasible to demand a permanent residence permit after five years. Having lived in France for a complete period of ten years, the immigrant may make an application for citizenship in France.
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Who Are Financially Independent People
Financially independent people in France are individuals who have enough financial safety to remain in the region of the state. Nearly every European nation provides the feasibility of lawful residence for wealthy international citizens; the only difference is the funds needed. The financial security required for a visa to France equals or surpasses the nation’s least yearly income subtraction of tax.
Financially independent persons can live in France for one year by getting a Visiteur card. Residents do not have the liberty to get employed and do not need to understand to understand the federal language.
Conditions For Getting A Residence Permit
To be eligible for a residence permit for financially independent persons, in addition to evidence of financial security, the candidate must satisfy many other conditions.
- Be above the age of 18
- Possess no criminal history
- Rent or buy real estate in France
- Ascertain the origin of the revenue
To apply for temporary residence in France, the applicant is required to satisfy every lawful condition.
- Ascertain the existence of a bought or rented property in France’s cantons. The least region in each relative is required to be 9 m2.
- Ascertain enough mediums of subsistence, which have to do with only the official revenue, that can be presented and backed up by documents. The amount is nearly 15,632 euros yearly for the primary candidate and every dependent attached to the application.
- To take health insurance with complete protection for the duration of residence in France.
Documents Required To Make An Application For A Residence Permit
To get a French residence permit, you must present a dossier comprising the documents below to the diplomatic mission.
- Payment receipt of the state fee
- Evidence of registration of kids in a French institution (if relevant)
- Evidence of funds such as statements from banks, proof of income, evidence of rent
- Health insurance policy authentic in France
- Certificate of no criminal history
- Evidence of address includes rental consensus, utility bills, receipts of rent tax reimbursement, and ownership documents.
- Three passport photos
- Medical certificate allocated by OFII office in the nation of departure
- Internal passport
- Certificate of birth
- Passport with a duration of authenticity longer than the duration of the residence permit being made application for.
- A written devotion not to get employed in France
- Filled in VL-TS long-stay visa request form
In some situations, you may require forms verifying that the candidate has a business outside of France and the passport, certificate of marriage, and certificate of birth of family members if you are relocating as a family. Applications and forms must be filled out in French and English. Documents allocated in the nation of origin must be translated and notarized.
Obtaining A Residence Permit On Your Own For The Financial Independent People In France
Temporary residence for tributary international citizens observes the introduced process, which is for people who relocate with kids aged 6 to 18 and are required to make an application for admission to a local institution. The entire procedure of getting a residence permit comprises the following steps:
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- Buying of home: The search, choosing, and then buying or renting of real estate with enrollment of utility bill in the name of the candidate
- Acquiring applicable documents: Forms are readied based on the fundamental list, which concerns a check for reimbursement of the state duty.
- Presentation of the application: The applicant makes an application to the French consulate at the location of residence, offering a concluded application form and a package of documents.
- Getting a visa: It takes 60 days to check the application and review every form. Interviews may also be performed either by phone or individually.
- Enrollment of residence permit: Within three months of landing, you must enroll your visa in OFII and apply to the local prefecture for a Visiteur card. The permit is valid for 12 months for adults and can be renewed many times. For kids, the permit is valid for five years.
Before applying for a residence permit for financially independent persons in France, it is worth consulting with immigration law professionals. You can autonomously choose accommodation and academic institutions and draft all the applicable documents; however, the procedure takes longer and demands an understanding of the law in these regions.
The candidate’s most minor revenue conditions in significant cities may need to be improved. Consultants will estimate the sum you must have in bank accounts to prevent refusal. It is also relevant to understand the amount of taxes based on the location of residence and the choice of enrollment of the asset.
Other Methods Of Getting A Residence Permit In France
Outside the residence permit for financially autonomous people, getting residence in France through other methods is feasible. Based on the candidate’s obedience to the requirements, other notable alternatives exist for getting a residence permit.
In 2017, the French administration declared a new classification of residence permit, which concerns passport talent. This permits the primary residence at one for four years with the possibility of extension. 11 types of applicants can take advantage of this scheme.
- An investor investing in the French economy
- A business developer in France with an investment of 30,000 EUR
- Inventor of inventive projects with mandatory authorization of the business start-up scheme
- A delegate of a firm introduced in France with a yearly income of 53,945 euro
- An eligible employee with an annual income of 39,494 euro
- Worker of an inventive business with an income beginning from 39,494 euros, involved in research and execution of developed technologies
- A highly eligible professional with a yearly income of 53,840 euro
- A worker who has been transferred within a foreign group of firms with an annual income of a minimum of 34,627 euro
- A researcher with verification of skilled exercise on the territory of the republic from a public or private scientific school
- A delegate of an artistic and cultural occupation
- An international citizen identified as foreign, with documented evidence of status.
International students registered in local institutions and affluent retirees can also apply for a 12-month residence permit in France with the freedom to extend. Residents residing in France for 1.5 years or more have the liberty to apply for reunification with partners and small children.
Advantages Of A French Residence Permit
- The liberty to travel without restrictions in the Schengen region without visas.
- Selecting real estate in any city in France without extra conditions.
- Education of minors in the nation’s primary, secondary, and special schools and institutions on equal grounds with nationals.
- A simple process for replacing the driver’s license on the European license.
- Enrollment of residence permits for relatives.
- The feasibility of applying for five-year permanent residency and citizenship later on.
- The liberty to get state medical care.
International citizens desiring to apply for a French residence permit for financially independent persons autonomously must cautiously obey every condition within the lawful deadlines. A high level of earnings does not assure verification of the request, which is the administration of the republic’s personal and honorable confirmation methods for every applicant. You are required to be ready for extra applications for documents and forms or represent the whole application procedure to attorneys with skills in French residency.
When the Visiteur card is provided, the international candidate can reside in one of Europe’s most beautiful and economically introduced nations, go on trips freely to several nations, and easily maintain their visitor status. In situations where the holder of a residence permit in 1 to 2 years desires to engage in any business in the region of the republic, the French administration has offered the feasibility of issuing extra permits.
