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Free reference guide

The reference guide to interest-free financing under French law

A working document for company directors and their advisers. It sets out the available structures, their legal basis and the tax questions to address before committing.

What the document contains

  • Overview of the structures: firm-price purchase and resale, lease with a purchase option, equity contribution, société en participation (an unincorporated joint venture under French law).
  • Legal basis of each structure, article by article.
  • Accounting and tax treatment: commercial margin, profit share, depreciation of the financed asset.
  • Points to watch: consistency between the real operation and its drafting, security, early repayment of an existing credit.
  • A ten-point checklist to review before any commitment.
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Edition in preparation. To receive the latest edition by email, contact the firm.