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French residence permit for the financially independent when buying real estate
Permanent residence in 5 years and the possibility to obtain citizenship
- Available for citizens of the Russian Federation and Belarus
- An object of any value in any location is suitable
- Permanent residence in 5 years and the possibility to obtain citizenship
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- Biarritz, Nouvelle-Aquitaine, France
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100k – 20M
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Biarritz is a choice Atlantic resort for politicians and celebrities and has gained renown for its luxury, sports, fantastic weather and old traditions. Prices for apartments in Biarritz start at €4,700/sq. m on average.
When buying an
Coco Channel, Frank Sinatra and Ernest Hemingway used to frequent Biarritz. Russian composer Stravinsky was a famous homeowner in the city and the Russian opera singer Feodor Shalyapin lived in here too.
Tranio's team
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FAQ about Biarritz
Can a foreigner buy apartment in Biarritz?
Currently, there are no restrictions for foreigners buying property in France. However, if you decided, for example, to
buy property in Biarritz
directly from the owner, you may face encumbrances, difficulties in proper registration and an inflated cost
(sometimes the price is twice the price that can be offered to a French citizen).
How long does it take to buy apartment in Biarritz?
From the moment the pre-contract has been signed, it takes on average 2,5 months for the whole purchasing apartment
in Biarritz process to be completed.
Are there property taxes in France?
Property tax in France is an annual tax, and the tax service calculates it separately for a specific owner.
There is no single tax value as a percentage. For example, owners of a 2-room
apartment on the French Riviera
pay property tax on average about 1200 euros per year.
How to get French citizenship?
One ot methods to become a French citizen is through naturalization. You need to obtain a
residence permit in France, live here for five consecutive years (the term can be up
to 10 years — at the discretion of local authorities), sign the Reception and Integration Contract (CAI), submit your
application, complete any requested interviews and additional paperwork.
Do you have to pay taxes in France?
If you are a resident of France (live here for more than 6 months a year) or earn income/rent your
property in Biarritz,
you will need to pay taxes.
Is it easy to get French citizenship?
You can apply for French citizenship if either of your parents are French citizen, if you were born in France or have
lived there for long enough to fulfil the residency requirements. Alternatively, you may be eligible for citizenship
through your marriage to a French citizen, or through some other exceptional circumstance.
Can you have dual citizenship in France?
French nationality law allows dual citizenship of France to be acquired by birth if a child is born to a French parent,
filiation and naturalization. Many people who live in France have dual citizenship.