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French property company (SCI)

From EverybodyWiki Bios & Wiki




The Société Civile Immobilière (SCI) is a specialist french type of company (société) used primarily for owning and managing property (immobilière). It is a non-trading company (civile) limited to certain activities (i.e. renting out non-furnished property) that are not considered trading under french law. This company type is governed by articles 1845 to 1870-1 of the French Civil Code.

Advantages[edit]

  • Several individuals can co-own a property
  • Allows for simple transfer of ownership
  • Avoids some constraints of French inheritance laws
  • Tax advantages
  • Protection of family homes against business creditors

References[edit]


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