How to obtain a residence permit in France for financially independent foreigners?

General information about residence permits in France

Obtaining a residence permit in France for foreign citizens who are financially independent, or the so-called Visitor's card, is carried out for one year with the possibility of indefinite extension. The main conditions for obtaining this type of visa include the availability of sufficient funds, as well as rent or purchase of housing in France. After five years of residence with this permit, the foreigner is entitled to apply for permanent residence in the country, and then to obtain French citizenship.

Visitor visa

A visa for visitors (visiteur) is a long-term visa that is similar to a residence permit. To obtain it, a foreign citizen receives a category D visa by providing proof of their financial independence. This visa allows them to enter the territory of France. Within the first three months after arrival, it is necessary to register the visa with the French Office for Immigration and Integration (OFII).

Once all the formalities have been completed, it is possible to obtain a residence permit card from the local prefecture. It usually takes two to three months from the time of submission to complete all the documents.

Employment restrictions

It is important to note that this type of residence permit does not grant the right to work or conduct business in France. This is because the foreigner must maintain their financial center in another country where they either work or make investments. A financially independent person is considered capable of meeting their own needs and does not require additional funds from the state.

Advantages of a residence permit

Having a residence permit offers many advantages. First and foremost, it allows for freedom of movement without the need for visas for travel to countries in the European Union and the Schengen area. Residence permit holders can stay in Schengen countries for up to three months within a six-month period. They also have the right to permanent residence in France. In contrast, short-term visas do not provide such freedom.

Rights of foreign citizens

In addition, foreigners with a residence permit have almost the same rights as French citizens, except for political rights. This means they can enjoy all the social and legal benefits available to citizens, but they do not have the right to vote and cannot participate in elections or other political processes.

Family reunification

One significant aspect is the possibility of family reunification. Financially independent foreigners can bring their relatives to France. The reunification procedure concerns:

• Spouses
• Minor children

These relatives can obtain a similar residence permit, which significantly simplifies the process of living together with family.

Prospects for citizenship

Finally, citizens with residence permits have the chance to obtain permanent residency and then French citizenship after five years of legal residence in the country. It is also worth noting the high level of education and the availability of medical services in France. Residents of the country can benefit from free education and quality healthcare, making France an attractive place to live and work.

Education and health insurance

Holders of a residence permit in France have the opportunity to study at university on equal terms with French citizens. In addition, they can receive medical care, the costs of which are covered by health insurance.

Opportunities for car owners

Foreigners who have obtained residency permits have the right to exchange their driver's licenses for European ones, which significantly eases the adaptation to life in a new country.

The real estate market in France

France offers a wide range of real estate, as evidenced by the large number of available listings.

Immigration to France: Key conditions

Immigrants planning to become holders of a residence permit or citizenship in France in the future should consider a number of important conditions. A key point is the necessity of long-term residence in the country, as this will grant the right to become a tax resident.

When obtaining a residence permit related to financial independence, the candidate should:

• be over the age of 18;
• to have the ability for self-sufficiency;
• to have an impeccable reputation.

However, it is worth mentioning that the French authorities can refuse to issue a visa if there are deficiencies in financial data, incorrect information or legal problems for the applicant.

The cost of housing in France

Now let's take a look at housing prices in this country. As of May 2023, the average cost per square meter of real estate is about6,071 eurosThe average rent fluctuates around15 eurosper square meter.

However, housing prices vary significantly depending on the region and specific city. For example, Paris, which is considered one of the most expensive capitals in Europe, often ranks as a global leader in real estate costs.

Housing prices in Paris

Buying an apartment in Paris will cost on average10,082 eurosper square meter, which is significantly higher than prices in most other cities in the country. In the capital, you can find both good deals for buying and places where it's better not to settle.

The average cost of renting an apartment here is30 eurosper square meter. The Parisreal estate market offers a variety, including new developments.

New residential complexes

For example, a modern apartment complex in the Puteaux neighborhood is expected to be completed in 2025, with apartment prices starting from631,000 euros. Another swanky project is under construction in Le Plessis-Robinson, where an apartment will cost from .278,000 eurosThe deadline is also set for 2025.

The city of Garsh has become the site for a new residential project that was built in 2023, with starting prices from364,000 euros. In the same Le Plessis-Robinson, another exclusive project is underway, scheduled for completion in 2024, with minimum apartment prices starting at225,000 euros.

Future construction

There is also a residential complex expected to be built in the suburbs of Paris, scheduled for completion in 2026, with prices starting from323,000 eurosfor an apartment. We should not forget about the new cozy residential complex in Brie-sur-Marne, which is also waiting for its residents by 2025.

Conclusion

The diversity and fluctuations in prices make the real estate market in France quite attractive, but it requires careful analysis and a balanced approach. This will allow future residents of the country to look optimistically at their dream of living in this beautiful country.

Conclusion

In conclusion, I want to emphasize that obtaining a residence permit in France for financially independent foreigners is not only an opportunity to live in one of the most attractive countries in the world, but also a chance to discover a wealth of new horizons. The program offers numerous benefits, such as:

• the right to visa-free travel within the Schengen area;
• access to quality education and healthcare;
• the possibility of family reunification.

On the other hand, it is important to realize that financially independent resident status requires certain conditions, such as strong capital.

Benefits and conditions

This aspect can be decisive for many people who are thinking about living in France. On the other hand, the process of obtaining a residence permit is not as complicated as it may seem at first glance. The hype around bureaucracy is often excessive, and with the right approach it is possible to successfully complete all stages of the paperwork.

Result

I hope this article has helped you better understand the specifics of obtaining a residence permit for financially independent foreigners in France, as well as the benefits it offers. If you are planning or already considering this step, prepare in advance, gather the necessary documents, and confidently move towards your dream of living in the country of love and art.France is waiting for you with open arms!