Does it make sense to use a French property company, a Société Civile Immobilière (SCI), to buy French property?
In France, there is a distinct corporate legal structure that can be used for the purchase, ownership and management of real estate.
That legal structure is called a Société Civile Immobilière (SCI).
An SCI is often used where the property is to be purchase by multiple, notably unrelated, owners, or an extended family.
The structure can also have some tax advantages, particularly in relation to inheritance tax.
Nevertheless, the advantages of an SCI can be overstated, so caution is needed before adopting its use.
We have recently updated our guide to setting up and running an SCI, which you can read about using the clickable links below.