The French government wants to support startups with funding and provide assistance in creating world leading companies. The government of France has launched a “technology visa” which aims to attract talented individuals from abroad. While speaking at the Viva Tech conference in Paris, President Macron highlighted how his government wants to remove all complex regulations so that it’s easier for foreign talent to work in France and he also added:
“I want France to attract new entrepreneurs, new researchers, and be the nation for innovation and start-ups.”
The visa is open to everyone, from founders and employees to investors. Applicants will go through a fast track procedure to obtain a residence permit in France which will be known as the “Talent Passport.” The visa would be valid for four years and can be extended to immediate family members. Along with this, the French President has also put up another proposal for a European Venture Fund that can support startups as they develop.
He wants there to be a Digital Single Market in Europe and a policy that can harmonize rules for the tech industry from streaming services to roaming charges. Thus, it can be seen that where the world is tightening its immigration rules and looking to offload foreigners, France could be on to something with its “modern government” that aims to differentiate itself from other first world countries.
Contributor: Hafsa Ali