French electronic composer Jean Michel Jarre has held talks with Downing Street officials in recent months, the British premier's office confirmed Tuesday, about setting up business operations in London.
The talks come after France's highest court struck down a proposed 75 percent tax rate on individual income above a million euros ($1.3 million) a year, a plan which saw the republic's biggest film star Gerard Depardieu relocate to Belgium.
"Jean Michel Jarre visited Downing Street to meet with officials about 'Tech City', London's media and technology hub," a spokesman for Prime Minister David Cameron's office told AFP.
"There are a growing number of businesses and entrepreneurs from across the world who want to be part of the technology cluster in east London and we are keen for that to continue."
The 64-year-old pioneer -- known for his spectacular concerts and whose hit albums include "Oxygene" (1976) and "Equinoxe" (1978) -- has a company Jarre Technologies, which makes products lke the AeroPad One, a dock speaker for iPods, iPads and iPhones.
Tech City is a project to transform the Old Street roundabout in east London and its environs into a European centre of media and technology innovation for blue-chip firms, investors and start-up companies.
Cameron announced a £50 million ($80 million, 60 million euro) injection into the project last month.
"The UK is in a global race and I am determined that we as a government continue doing everything we can to equip the UK to compete and thrive in that race," he said.
Cameron's coalition government has set up policies it says are aimed at making Britain the "first choice" for entrepreneurs and investors.
They include the Seed Enterprise Investment Scheme, introduced in April 2012, which provides 50 percent tax relief for the first £100,000 seed investment.
The 75 percent tax rate in France was a flagship promise of the election campaign that saw Francois Hollande defeat incumbent Nicolas Sarkozy in the May 2012 presidential election.
Due to take effect next year, it had angered business leaders and prompted some wealthy French citizens to seek tax exile abroad, including Depardieu, who made his decision known in a vitriolic editorial published earlier this month.
© 2013 AFP
Meet the most eligible internationals in UK at Expatica Date!
Join Expatica's online community to reach out for expats just like you!
Access Numbers now for all your international calls. Same quality, lower rates. And best of all, you can start calling immediately. No signup, no registration. Try it now!
Visa paperwork Whether you're relocating to the UK or just visiting, it's important that you find out in advance whether you need a visa.
Expat mortgages and everything to do with buying a UK property might sound complicated, but there’s plenty of help out there for you.
You can access the UK's National Health Service (NHS) in a range of ways. Here is an overview of the main services available to help you get the treatment you need.
Just moved to the UK? You'll need a bank account to effectively manage your money while you're here. Cliff Govender explains the UK banking system, including facilities that may come in handy down the line.