France develops its Global FinTech sector with talent

Despite the international political uncertainties raised by the Brexit and by the new US administration, France is taking steps to attract the best talents and facilitate the growth of its dynamic FinTech ecosystem. The French government aims to transform its economy into a magnet with the help of qualified entrepreneurs in the high-tech sectors, including financial technology.

France has specialists in the fields of finance and engineering. The French specialists in FinTech mark their footprint more and more in the national and international landscape with the help of their Association.

The French technological visa aims to attract foreign technological talents: start-ups and economic expansions abroad and foreign investors and business angels.

“French Tech Visa” is not the first political initiative to transform the country into a magnet of talents. By 2015, the “Ticket” program had been launched for entrepreneurs from all over the world wishing to create a start-up in France. The “French Tech Ticket” program of the French government aims to attract ambitious people to help them set up and develop their installation in France. A grant of € 45,000 per project with fast residence permit for the winning teams and their families, a dedicated space and training sessions are offered by the network of incubators.

From January to September 2016, investments in FinTech in France increased by 71%, reaching an investment of $ 1.5 billion in the third quarter of 2016. France also has a vast network of more than 41 dedicated incubators (50 Partners, 104factory, Belle de Mai, Savoie Technolac, Paca-Est, EuraTechnologies, EM Lyon, BIC Montpellier, Paris Pionnières and many others).

France offers a favorable tax and legal framework for startups with entrepreneurial privileges and tax cuts for the company. The Forum Paris FinTech, which took place on 25 and 26 January, was a great success.

France is building bridges to other ecosystems to take advantage of connectivity. French Tech London is one of the examples and other major projects are expected to be launched in April 2017. See also

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