By Andri Boiko
France is becoming a top choice for high-net-worth individuals (HNWIs) seeking European residency. The French Residency through Financial Independence program offers a straightforward path to residency without requiring large investments, making it an attractive option for those looking for security, flexibility, and future citizenship.
Why is France a Popular Residency Destination?
Top-Tier Passport
France has one of the world’s strongest passports, ranking in the top three in the Henley Passport Index. It grants visa-free or visa-on-arrival access to most countries, including the U.S., Canada, and all Schengen states.
Live in Europe Without Residency Obligations
This residency allows individuals to live in France and move freely across Europe. There is no strict residency requirement—applicants only need to visit France a few times a year.
No Investment Required
Unlike other European programs, France does not require property investment. Instead, applicants must demonstrate a stable financial income.
Simple Financial Requirements
The minimum income requirement is €5,000 per month per applicant (or €10,000 for a family of four). Additionally, applicants must have at least €100,000 in savings, which can be held in any bank worldwide, including India.
Rental Property Requirement
Applicants must rent a property in France, ensuring it meets reasonable living standards. Our company assists in finding suitable high-end rental properties.
Fast and Efficient Process
The French Financial Independence Residency is one of the fastest residency programs in Europe. Document Preparation takes 2-4 weeks and visa Processing and approval in India at the French Embassy takes around 30 days. In the UAE, approvals can sometimes be obtained within 3 to 7 days. Once in France, residents receive their residency permit within a few months.
Path to French Citizenship
One of the key advantages of this residency is the possibility of obtaining French citizenship in approximately 7 years.
Five-Year Residency Requirement
Residents must hold their residency permit for five years before applying for long-term residency or citizenship. A basic knowledge of French is required for naturalization (we assist clients with language learning support).
Citizenship for Children
Children studying in France can apply for a French passport after 5 years of residency. Unlike student visas, this residency provides a direct path to citizenship.
10-Year Residency Permit
After 5 years of residency, applicants can apply for a 10-year permanent residence permit. Citizenship applications typically take one additional year after obtaining the 10-year permit.
Additional Benefits of French Residency
French residency improves chances of obtaining a U.S. visa, making international travel easier. The total program cost is around €20,000, making it one of the most affordable EU residency options.
Conclusion
The French Residency through Financial Independence offers an affordable, fast, and flexible way to gain European residency. No investment is required, and processing times are among the fastest in Europe.
(Author is Global CEO and Founder of Garant In)
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