Brexit: The French Government announces concrete steps to attract London’s finance

by Home Conseil Relocation, TIRA member, France

As Brexit fast approaches for 2019, the French Government recently presented a series of measures to increase Paris’s attractiveness in anticipation of the United Kingdom’s exit from the European Union, at a time when more than 3500 jobs are expected to be transferred from London’s financial sector to France:

Already announced in December 2017, a reduction, specifically tailored for the financial sector of France’s social contributions is coupled with a lower tax on high salaries and an attractive status for expatriates coming into France, extended from 5 to 8 years. Similarly, the Governement just announced investment funds’ ‘carried interests’ will be subject to the “flat-tax” instead of regular salary income, further increasing France’s competitiveness.

Regarding Paris’s offer in terms of international schooling, the Prime Minister announced an international school would open in 2019 in Courbevoie, next to Paris’s financial district of La Défense. Two more international schools are set to open by 2021 in Paris and its surroundings.

The Government intends to ciment Paris as the first financial center in mainland Europe.

All our team at Home Conseil Relocation is on deck around consequences of Brexit in order to make your transition into France as smooth as possible.

—————————————————————————————————————————————–

More about Home Conseil Relocation

Professional Relo is a leading relocation company attentive to its Clients. Our top priority is to understand their needs and recommend the services and solutions that best cater to both Employers and Employees. Professional Relo was founded in 1994 by Maddalena Michieli, who still runs the company. Based in the Milan area, we provide destination and immigration services throughout Italy.

Website: www.home-conseil.com
Twitter: Home Conseil

—————————————————————————————————————————————–

More about TIRA
TIRA is an aligned network of quality mobility service providers. The network provides access to leading mobility experts from around the world that provide local solutions to global challenges. Network members exchange best practices and share this value with the industry through benchmarking exercises.

Website: www.tiranetwork.org
Twitter: @TIRAORG
LinkedIn: The International Relocation Associates (TIRA)
Facebook: The International Relocation Associates (TIRA)

 

Sources:

https://www.lesechos.fr/13/12/2017/lesechos.fr/0301013971061_brexit—paris-prepare-un-nouveau-geste-pour-attirer-les-hauts-salaires.htm

http://www.europe1.fr/economie/brexit-la-place-financiere-de-paris-attend-plus-de-3500-emplois-directs-3707672

https://www.latribune.fr/entreprises-finance/banques-finance/fiscalite-education-philippe-deroule-le-tapis-rouge-a-la-finance-post-brexit-784881.html

Immigration news for Argentina, Ireland, Israel, Italy, Singapore, and Turkey

ARGENTINA | Express Appointments System for Residence Applicants Suspended
Effective immediately, Argentina’s National Immigration Office (DNM) has suspended the system of express appointments in the applications process for temporary residence cards or conversions to permanent residence status. This primarily affects foreign nationals in Argentina from Mercosur countries applying for Temporary Residence or Special Transitory Visas (24H). Mercosur nationals should now be prepared for significant processing delays, in many cases only being able to schedule regular appointments several months from the date of request.

 

IRELAND | INIS Clarifies Letters of Approval for Atypical Worker Scheme Must Be Used Within 90 Days
Effective immediately, the Irish Naturalisation and Immigration Service (INIS) has clarified an existing rule for the Atypical Worker Scheme requiring that letters of approval issued for entry clearance be used within 90 days of issuance. Unused letters of approval become invalid after the 90 days.

 

ISRAEL | New Long-Term Multiple-Entry Business Visa for Indian Nationals
Effective immediately, the Israeli Ministry of Interior will issue a multiple-entry B-2 Visitor Visa for qualifying Indian business travelers valid for up to five years for stays of up to 90 days at a time. Previously, B-2 Visitor Visas for Indian nationals were valid only for a single entry for stays of a maximum of 30 days.

 

ITALY | Scope of Permissible Activities Narrowed for Business Visas
Effective immediately, Italian consulates will be more strictly assessing business visa applications, particularly when defining the permissible business activities under Visa Decree 850/2011. Specifically, consular officers will be more narrowly construing the scope of the expressed enumerated activities in the Decree: namely, “to make contacts or conduct negotiations” or “for learning and verifying the use and functioning of capital goods purchased or sold under commercial and industrial cooperation agreements.

 

SINGAPORE | Upcoming Changes to Requirements for Employment Pass and S Pass Applications
The Ministry of Manpower (MOM) has announced upcoming changes to its foreign workforce policy, including  expanding the Fair Consideration Framework for Employment Pass (EP) applications to include more companies and positions in the job advertising requirement and increasing the minimum salary requirement for S Pass holders.

 

TURKEY | Delays Possible Due to New Work Permit System
Effective February 26, the Ministry of Labour (MOL) requires work permit applications to be submitted using the sponsoring company’s account via the recently-introduced KEP (kayitli electronik posta) system. However, as of February 27, the new MOL work permit application system incorporating KEP was not fully operational.

 

Source

Immigration changes in UAE, Columbia, Panama and the UK

UNITED ARAB EMIRATES | Plans to Increase Local Hiring Announced

The first phase of the plan targets 400 occupations with monthly salaries of at least AED 10,000 in more than 2000 companies. MOHRE has not named yet specifically named any of the selected companies who are participating in the program, only describing them as important players in the UAE’s economic supply chain with large numbers of employees. Participating companies will be given discounts on government fees relating to their businesses. In addition, the ministry also offers to set up satellite offices for participating companies in rural areas to facilitate recruitment and hiring.

 

COLOMBIA | New Deadline for Special Stay Permits for Venezuelan Nationals
A new deadline has been established for Venezuelan nationals to obtain Special Stay Permits (PEPs) allowing them to stay and work in Colombia for up to two years. Venezuelan nationals who entered Colombia before February 2 now have four months from February 4 to apply for PEPs. Previously, only Venezuelan nationals in Colombia by July 28, 2017 could apply for a PEPs, with that deadline closing October 31, 2017.

 

PANAMA | Update on New Requirement for In-Person Visits to the Ministry of Labor
On December 26, the Ministry of Labor (MOL) issued a decree requiring all work permit applicants to visit the Ministry in person for biometric registration before submitting any initial or renewal work permit application. The new registration system  ̶  which is now expected to be implemented on March 6  ̶  will include scanning of the applicant’s fingerprints and passport and photographing. However, the registration will not apply to applicants for the SEM residence visa for permanent staff of multinational companies who do not require separate work permit applications. For more details, see our Immigration Dispatch of January 8.

 

UNITED KINGDOM | Indefinite Leave to Remain Closes for Tier 1 (General) Visa Holders on April 5
Foreign nationals in the UK under the Tier 1 (General) category will no longer be permitted to apply for Indefinite Leave to Remain (ILR) after April 5. The Tier 1 (General) was a category aimed at “highly skilled migrants” who wished to come to the UK residence and employment (including self-employment) without requiring a sponsor. The category closed to new applicants in 2011, remaining open until April 2015 only to those making extension applications.

 

Source

Russia tightens migration rules for World Cup

New changes to the registration procedure for Russian and foreign citizens in Moscow, as well as other major cities for the duration of 2018 FIFA World Cup have been introduced.

What are the changes?

  • For the duration of reinforced security measures, migration registration and residence registration of foreign citizens is to be performed on the next day, following the day of their arrival; to the place of staying or residence by submitting required documents to the relevant local migration authority
  • Citizens of Russia arriving to temporarily stay as well as temporarily or permanently reside in living premises (excluding hotels, resorts, etc.) must apply to the local migration authority for registration not later than 3 business days from the day of arrival. Registration is to be issued by migration authorities on the day of application
  • Russian citizens must notify local migration authorities of the duration and place of residence in person
  • Aforementioned rules are not applicable to Russian and foreign citizens participating in the FIFA Confederations Cup, as well as representatives of FIFA, FIFA subsidiaries, confederations and national football organisations

When and where the temporary registration rules will be effective?

  • From May 25, 2018 till July 25, 2018
  • In the territories of Moscow, Saint Petersburg, Kazan, Sochi, Yekaterinburg, Volgograd, Nizhny Novgorod, Kaliningrad, Rostov-na-Donu, Saransk and Samara

Who is affected?

  • Both foreign and Russian citizens arriving from abroad or from other Russian regions into aforementioned cities while reinforced security measures are active

Intermark comments, “We recommend all Russian and foreign citizens arriving during the time of reinforced security measures to timely register on the Decree’s terms – regardless of usual registration-free terms for various categories of citizens.“It is important to remind that violation of registration rules leads to administrative penalties for citizens and for host parties.”In particular, the fine for a host party that fails to meet the requirements of migration registration amounts to the following:

  • 2000 – 4000 rubles (35-70$) – for individuals
  • 40 000 – 50 000 rubles (771-890$) – for officials
  • 400 000 – 500 000 rubles (7 115- 8 894$) – for legal entities
  • The penalty for foreign citizens amounts to 2000 – 7000 rubles (35-125$) with possible expulsion from Russia

Source

Immigration changes in Poland, Ghana, Iraq, Nigeria and Russia

POLAND | Stricter Rules and Requirements for Work Permits for Some Foreign Nationals
Effective January 1, a number of significant changes to immigration regulations were implemented in Poland. The changes apply to registration of foreign nationals, work permit exemptions for certain nationalities, and various changes to application document requirements. Authorities indicate that an additional round of changes is also now slated for later in February.

Corporate Proxies and General Partners – The requirement of obtaining a Type B work permits for stays of 6 to 12 months has been extended to include companies’ non-EEA national corporate proxies and general partners in addition to the management board members as previously required.

 

GHANA | Recent Announcement Requires Medical Certificates to Be Obtained In-Country
The Ghana Immigration Service (GIS) recently posted a brief announcement of a new policy – purportedly with an effective date of February 15 – requiring all new applicants for work and residence permits to obtain medical certificates only through the GIS medical facility at its headquarters in Ghana. Previously, medical certificates in support of a work permit applications could be issued by a local doctor in the applicant’s home country.

 

IRAQ | Major Changes to Rules on Single-Entry and Multiple-Entry Visas, Exit Visas, and Mobility of Employees With Expired Visas
Iraq continues to refine its employment-based immigration system. On February 8, the Ministry of interior (MOI) issued a notification making several fairly significant changes that impact companies employing foreign nationals in the country.

 

NIGERIA | New Executive Order Imposes Tougher Local Hiring Measures
On February 2, Nigerian President Muhammadu Buhari signed an executive order (EO5) aimed at promoting local Nigerian expertise in science, engineering, and technology. EO5 prohibits the federal Ministry of Interior (FMI) from issuing visas to foreign workers whose skills are deemed to be readily available in Nigeria. Consideration of work visas will only be given to foreign nationals where has been certified by the appropriate governmental authority that such expertise is not available in Nigeria. Under the order, Nigerian government agencies must also give hiring preference to foreign companies and firms with demonstrable and verifiable plans for indigenous development.

 

RUSSIA | New Rules Bring Administrative Changes to Work Permits Application Process
Effective February 4, new regulations on issuing work permits have brought some administrative changes to the work permit process. For the purpose of obtaining work permits, including permits for Highly-Qualified Specialists (HQS), application forms must be signed by the chief executive, head of branch or representative office, or other persons who have the authority to sign documents for the company without a Power of Attorney. Additionally, fees for renewal and corrections are expected to be charged in the coming weeks, processing times for standard (non-HQS) work permits have increased to 15 business days, and documents issued by authorities containing pencil-written notes may cause applications to be refused.

 

Source