France to grant foreign investors ‘entrepreneur visas’
France’s president announcing a raft of proposals to win back entrepreneurs and small business owners confidence. Among the new measures will be an “entrepreneurs visa” for foreign investors.
French President Francois Hollande announced a series of measures aimed at winning back the confidence of small business owners needed to kickstart the economy.
Speaking to a group of 300 entrepreneurs in Paris, Hollande laid out proposals to attract foreign investment into a country, and to help French firms expand abroad.
He also announced a new “entrepreneur visa” to be created for foreigners seeking to set up an innovative start-up in France if they invest a “sufficient amount” of money.
The French leader also said that he would like to set up services in some parts of the world – beginning with the United States and Asia – to help small and medium-sized enterprises (SMEs) export their good and services abroad.
Tax advantages could be granted to large companies that invested in smaller start-ups that sought to expand abroad.
Fleur Pellerin, junior minister for SMEs, told BFMTV that the package of measures reflected “the way in which we perceive the role that entrepreneurs must play in our society for the success of our country.”
The package of measures are to be integrated into a draft 2014 budget unveiled in September by the government, with the aim of coming into force in January 2014.