France issues the French Tech Visa. What is it?

The French Tech Visa is a simplified, fast-track procedure for three types of international tech talent to obtain a residence permit known as the “Passeport Talent” (“Talent Passport”). The French Tech Visa is open to three categories of tech talent – startup founders, employees, and investors – and allows them to live and work in France. It is valid for four years, on a renewable basis. It is extended to immediate family members; spouses also receive residence permits authorizing them to live and work in France. Dependent children are authorized to live in France as well. No additional work permit is required.
The rationale for the French Tech Visa is that France wants to bring about a new generation of world-leading companies, boost innovation, and create jobs in the French economy. It can only achieve this if it can attract the right people, says the French Government. It continues: “Furthermore, in a world driven by innovation, where creativity and audacity are changing the rules of the game, diversity – in terms of both culture and career paths – is an asset for the ecosystem.”