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Residence permit - exceptional economic contribution
Last updated
January 19 2012

This provision aims to facilitate and encourage investors to stay in France. It applies to foreign nationals who agree to invest at least 10 million euros in France and to createor save at least 50 jobs. In consideration, they will obtain a residence permit valid for 10 years.

Beneficiaries

 Foreign nationals of third countries.

Categories not affected

Nationals of the European Union or of the other member States of the EEAEuropean Economic Area (Iceland, Liechtenstein, Norway).

Nationals of the Swiss Confederation.
Algerian nationals governed by the Franco-Algerian agreement dated December 27, 1968.

Conditions for issue

Foreign nationals who, personally or through the intermediary of a company that they direct or of which they hold at least 30% of the capital, meet one of the following two conditions:

  • create or save, or agree to create or save, at least 50 jobs in France,
  • make or agree to make an investment of at least 10 million euros in tangible or intangible assets within France.

Exceptionally, the prefect may reserve the authority to evaluate and issue a permit even if quotas have been reached in consideration of the characteristics of certain employment areas.

Exception(s)

n/a

Conditions for issue

  • Spouses may solicit, without guarantee of acceptance, the issuance of a VLS-TSLong Stay Visa equivalent to a Residence Permit for "visitors" or another endorsement if he fulfils the conditions or other words if it satisfies the conditions from the Consulate of their place of residence (see the sheet on the VLS-TS).
  • The family may qualify, under certain conditions, for the accompanying family provisions (for more information visit the Family arrival page.

 

Permit issued to the worker

Residence permit valid for 10 years.

Dispenses with the CAIReception and integration contract.

Permit issued to the family

Depending upon the case:

 

  • VLS-TSLong Stay Visa equivalent to a Residence Permit for "visitors" for the first year (see the sheet on the VLS-TS). This visa does not give authorisation to work. Dispenses with the CAIReception and integration contract. Temporary Residence Permit for "visitors" upon renewal.
  • as part of the accompanying family provision: VLS-TSLong Stay Visa equivalent to a Residence Permit for "visitors" for the first year . Dispenses with the CAIReception and integration contract. To find out more, see the Family Arrival page.
  • Members of the family already in France: a residence permit marked “visitor” or “employee” may be issued to them upon presentation of proof similar to those of the investor, in particular relating to the legality of entry into and residence in France.

 

Procedure to follow

Display

  • First issue

    Application elements

    • civil status information,
    • proof of residence in France,
    • if married and a national of a Country whose laws authorise polygamy, a declaration on honour stating that they are not living polygamously in France,
    • three recent 3.5 x 4.5 cm photographs showing a perfect likeness of the applicant's face, with no head covering, 
    • documents proving that it meets the criteria of article R314-6 of the Code d'Entrée et Séjour des Etrangers et Droit d'Asile (Code for the Entry and Residence of Foreigners and Asylum Seekers),
    • documents confirming the legality of entry into and legal residence in France.

    Potential additional documents

    Civil status of spouses and dependent children.

    Application submission

    Prefecture of the department in which the foreign national will carry out or plans to carry out the operation.

    Application evaluation

     Prefecture.

    Medical examination

    Medical examination waived.

    Issuance of the residence permit

    Prefecture.

    Foreign nationals may have their residence permit revoked:
    • if the operation or agreement has not been started within one year following the issue date of the residence permit,
    • if the funds used come from illegal activities,
    • or if the person in question no longer meets the required conditions.

  • Renewal

    Display

    Application elements

    n/a

    Potential additional documents

    n/a

    Application submission

    Prefecture.

    Application evaluation

    Prefecture.

    Issuance of the residence permit

    Prefecture.

    An exceptional economic contribution residence permit or a permanent residence permit.

Taxes to pay

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  • Taxes due by the employer

     Nill.

  • Taxes due by the foreign national for issuance

    349 €

  • Taxes due by the foreign national for renewal

    113 €

  • Taxes due by the spouse

    349 €

Reference documents

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The Official Journal (JORF), CESEDA may be consulted at the www.legifrance.gouv.fr web-site.
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