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✎ EN Question about what "sufficient funds" means?

Discussion in 'Immigration France' started by innermoonlight, Jul 27, 2013.

  1. innermoonlight

    innermoonlight New Member

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    I have an appointment to bring back documentation for my application for Titre de Sejour as a Profession Liberale. (I do have a lawyer helping me with the application process). For my next appointment, I was told to bring bank statements to show "sufficient means to support myself'. This is very vague!

    My biggest client paid me 60k USD at the start of the year for 6 months. I've been living on that and some smaller gigs since January. I have renewed with this client, but I have not yet received the payment. If it does not come in time, this could leave me with a balance of as little as $7k USD, but with contracts and due invoices to show for much more.

    Since I am applying to be a self-employed person and not just a visitor, what should I expect the minimum financial requirements to be? I can't find information on this anywhere.
     
  2. Cyrilexpat

    Cyrilexpat Administrator
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    The first thing we need to know is: are you a EU member? Family member? Rules are different depending on those situations.

    Regarding the question about the meaning of "sufficient funding", it could be equal to about 1 year minimum wage (SMIC = 17,162.60 € in 2013).
     
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  3. innermoonlight

    innermoonlight New Member

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    I am a US citizen, not a family member of an EU citizen. I am not applying for a visitor visa, I am opening a business here so will be receiving income of about $15,000 USD per month.
     
  4. Cyrilexpat

    Cyrilexpat Administrator
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    As long as you fulfil the requirement, you shouldn't have any problem. You should get proper advice at the French embassy.
     
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  5. innermoonlight

    innermoonlight New Member

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    Thus my question. The requirement is "sufficient means". I don't know what that means for my circumstance. The only information I can find is for a visitor visa, where you are not allowed to work. That is not the kind of stay card I am getting. I'm opening a business. Therefore, I don't know what my bank balance should reflect for this circumstance.
     
  6. Cyrilexpat

    Cyrilexpat Administrator
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    As I said, about 1 year minimum wage disregarding of the business plan you might submit.
    But this is just a guess, you will probably get much better infomration with the embassy services.
     
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