“How much would you need for the first six months, assuming you are unemployed?”

“How much would you need for the first six months, assuming you are unemployed?”

Postcards from Paris. 🥰
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Our Moving to and Living in France question of the day comes from @mariacristi1006 :

“How much would you need for the first six months, assuming you are unemployed?”

Answer*: For a Visitor VLS-TS Visa, the one most used for retirees or those choosing early retirement, is a visa that allows you to live in France year-round and you renew this annually at the nearest prefecture.

Among the qualifications is to show that you have sufficient income on an ANNUAL basis to support yourself while living in France. This can be in the form of savings, pensions, and retirement income. If you are American, there is a tax treaty, so you do not have to pay French taxes on this income. However, you will still need to file tax reports annually in France and pay taxes as a French resident on any other worldwide income, including rental properties.

If you apply for a VLS visa, which is non-renewable and is generally for a fixed period between three and twelve months, you’ll need to provide proof of savings equal to the duration of your stay.

Either way, you will provide a signed, notarized letter promising not to work in France. This includes working remotely.

The minimum monthly requirements change yearly, but it’s safest to use the minimum wage in France for this calculation, which is currently 1709 euros per month.

You’ll also need to provide private medical insurance coverage until you get into the social system here, which took me 16 months. You’ll be charged a tax percentage each year, based on your annual revenues, for social charges.

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