Sunday, 22 April 2007

Buying a French property through an SCI

An example of Montpellier's historic architecture
A common way of buying a property in France is through the use of a Société Civile Immobilière, or SCI. The use of this method has benefits for French residents, as well as foreign residents. An SCI is essentially a fully incorporated company with a registered office in France. This office can be the property itself.

The SCI then owns the property in question. Being a company, the SCI is itself owned by shareholders, in most cases, family members. The shareholders can be resident or non-resident in France

STYLES Immobilier in Montpellier helps its customers to make the right purchase and legal decisions, and will recommend notaires most suited to the customer's individual needs. STYLES Immobilier has a full English speaking service and has helped many clients to successfully purchase French property through SCIs.

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