You live in London, New York, Dubai or Singapore and you own shares in a French company. A buyer has appeared, or you simply want out, and you assume the sale will work like selling shares anywhere else: sign a contract, receive the money, walk away. In France, that assumption is expensive. Your sale can be blocked before it starts by an approval clause hidden in the statutes, it can be declared void after closing if you skipped a formality, and it can trigger French registration duties and a French capital gains levy even though you are not a French tax resident. The rules are also completely different depending on whether your company is an SAS (soci\u00e9t\u00e9 par actions simplifi\u00e9e, the flexible joint-stock company most foreign founders choose) or an SARL (soci\u00e9t\u00e9 \u00e0 responsabilit\u00e9 limit\u00e9e, the closed limited liability company), and almost every step has to be handled from abroad through a representative, registered letters and electronic filings. This guide explains, in order, how you transfer SAS shares and SARL parts sociales (the units of ownership in an SARL, which are not freely negotiable shares) when you live outside France, what happens when the company refuses your buyer, who fixes the price when the parties disagree, and what you pay and file with the French tax administration before you can treat the file as closed.<\/p>\n
The first question is never the price. It is whether you are legally allowed to sell to this buyer at all. French company law starts from opposite principles for the two vehicles foreigners use most: SAS shares are freely transferable unless the statutes say otherwise, while SARL parts sociales can only be sold to an outsider with the consent of the existing partners. Because you live abroad, you must run the whole approval procedure at a distance, keep written proof of every step, and understand that a refusal does not have the same consequences in an SAS and in an SARL.<\/p>\n
In an SAS, freedom of transfer is the default rule and restrictions are purely contractual, meaning they exist only if the founders wrote them into the statutes. The most common restriction is the approval clause, and the Commercial Code defines it in one sentence: The sanction for ignoring the clause is severe and automatic. Article L227-15 of the Commercial Code<\/a> provides that The Cour de cassation, France’s supreme court for civil and commercial matters, clarified the exact scope of this nullity in a published decision of 21 June 2023, appeal No. 21-25.952, holding that Two practical traps deserve special attention before you sign. First, the majority needed to introduce or change transfer restrictions is itself locked by statute. Article L227-19 of the Commercial Code<\/a> states that One last preliminary check concerns your employees. Where the company has no works council and you are selling a majority stake, French law requires the seller to inform the employees of the planned sale so that they can, if they wish, submit a purchase offer. The rule sits in Article L23-10-1 of the Commercial Code<\/a>, and the official service-public procedure for selling SAS shares<\/a> describes the sequence: verify whether the information duty applies to your sale, inform the employees of the project, then collect any offers. The duty has conditions and thresholds, and not every sale by a minority shareholder triggers it, but skipping a mandatory information step exposes the sale to challenge. Ask your counsel to confirm, in writing, whether your transaction is caught before you notify the company of the project, because once employees are informed the timetable becomes rigid and the buyer will want the process closed quickly.<\/p>\n In an SARL, the starting point is the reverse of the SAS: outsiders are suspects until approved. Family transfers remain free by default, since Article L223-13 of the Commercial Code<\/a> provides that The procedure of Article L223-14 of the Commercial Code<\/a> is a timetable you must follow to the letter, ideally through a lawyer in France acting under a written power of attorney. First, If the company expressly refuses your buyer, the statute does not leave you trapped: it converts the refusal into a forced buyout. Once the sale or buyout is agreed, it must be made enforceable against the company and then against third parties. Article L223-17 of the Commercial Code<\/a> sends you to the general rule by stating that The Cour de cassation recently showed how protective this architecture is, including for heirs. In a published decision of 24 January 2024, appeal No. 21-25.416, it held that Getting approval, or surviving a refusal, is only half the transaction. The second half is money and paperwork: who determines the price when the parties cannot agree, which French taxes bite on a sale by a non-resident, and which registers must be updated before you can forget about the company. Each of these steps has its own deadline, and the tax cost differs sharply between SAS shares and SARL parts.<\/p>\n French law prefers agreement and organises disagreement. In both SAS and SARL sales, the parties first try to agree on the price, and only if they fail does an outside expert step in. The gateway is Article 1843-4 of the Civil Code<\/a>, whose first paragraph provides that The critical question is what the expert is allowed to do with the valuation methods the parties wrote in advance, for example a multiple of EBITDA (earnings before interest, taxes, depreciation and amortisation) in a shareholders’ agreement. The Cour de cassation answered broadly in a leading decision of 24 November 2009, appeal No. 08-21.369, ruling that You must read that 2009 solution together with the current wording of the statute, because Article 1843-4 has since been rewritten. In its present version, the expert appointed under the first paragraph Every private deed transferring company rights must pass through French registration formalities, and the clock runs from the date of the deed. Article 635 of the General Tax Code<\/a> (CGI, code g\u00e9n\u00e9ral des imp\u00f4ts) opens with the rule that The rate of duty depends on what you sell, and the gap between SAS and SARL is large. Article 726 of the General Tax Code<\/a> states the principle that Registration duty is only the first layer. If you are not domiciled in France for tax purposes, or your company-buyer vehicle has its registered office outside France, a specific levy can apply to your capital gain on a substantial stake. Article 244 bis B of the General Tax Code<\/a> provides that Closing the file means updating every register that still shows you as an owner. If your sale changes who ultimately controls the company, the beneficial-owner register (RBE, registre des b\u00e9n\u00e9ficiaires effectifs) must be updated through the INPI Guichet unique (the single online company formalities portal run by the Institut national de la propri\u00e9t\u00e9 industrielle), since a lapsed or inaccurate RBE entry can trigger a court injunction and, in the worst case, a strike-off procedure. In an SARL, the amended statutes reflecting the new allocation of parts must be filed with the trade and companies register, also via the Guichet unique, so that third parties can rely on them. Keep the full chain of evidence: sale deed, approval or refusal minutes with proof of notification dates, transfer order or deposit certificate, registration receipt, tax filings and the updated shareholder accounts. If you originally set up the company following our guide to setting up a company in France as a foreign founder<\/a>, treat this sale as its mirror image: every entry point you crossed on entry, bank account, Kbis, VAT number, beneficial-owner declaration, must be reviewed on exit so that no liability, fine or tax notice reaches you a year later at an address abroad where you thought the story was over.<\/p>\n Selling the shares of your French company from abroad succeeds when you respect the order of operations: statutes first, procedure second, price third, tax last. In an SAS, read the approval clause, secure the written approval before recording the transfer order, and remember that a sale closed in breach of the clause is void. In an SARL, notify the project to the company and to every partner, diary the three-month silence rule, and use a refusal as the trigger of a statutory buyout at an expert-fixed price that you remain free to decline. Where the parties cannot agree on value, the court-appointed expert values the rights under Article 1843-4 and must apply the valuation rules your contracts already contain, at the company’s expense in the SARL refusal scenario. On tax, register the deed within one month, pay 0.1 percent on SAS shares or 3 percent with the allowance on SARL parts, and test the substantial-stake levy and your double tax treaty before assuming the gain escapes France. Close every register behind you, from the trade and companies register to the beneficial-owner file. Handled in that order, from abroad and through a properly mandated representative, the sale leaves you with the price in hand and no French file still open in your name.<\/p>\n A 48-hour phone consultation with an attorney of the firm on your share sale, approval refusal or French tax exposure. Call +33 6 46 60 58 22<\/a> or write via our contact page<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Foreign owner selling SAS shares or SARL parts from abroad: approval clauses, refusal buyout, expert price, registration duties, non-resident capital gains tax and closing formalities.<\/p>\n","protected":false},"author":251031309,"featured_media":16550,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kj_source_type":"","_kj_official_id":"","_kj_official_url":"","_kj_judilibre_id":"","_kj_jur":"","_kj_lieu":"","_kj_chambre":"","_kj_rg":"","_kj_date":"","activitypub_content_warning":"","activitypub_content_visibility":"","activitypub_max_image_attachments":4,"activitypub_interaction_policy_quote":"anyone","activitypub_status":"federated","footnotes":""},"categories":[80314,80313],"tags":[],"class_list":["post-2124017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-decryptage","category-doing-business-in-france"],"yoast_head":"\nLes statuts peuvent soumettre toute cession d’actions \u00e0 l’agr\u00e9ment pr\u00e9alable de la soci\u00e9t\u00e9.<\/q> That sentence comes from Article L227-14 of the Commercial Code<\/a>, and it tells you exactly where to look first. Before you negotiate anything, obtain the current, complete statutes of your SAS from the greffe (the clerk’s office of the commercial court that keeps the company register) or from the company, read every transfer restriction, and identify who grants approval, in what form and within what deadline. From abroad, this verification is usually done through your lawyer or accountant in France, because informal assurances from a co-shareholder that
there is no problem with the buyer<\/q> have no legal value.<\/p>\n
Toute cession effectu\u00e9e en violation des clauses statutaires est nulle.<\/q> A void sale means the buyer is legally deemed never to have become a shareholder, the seller is deemed never to have left, dividends paid in between can be reclaimed, and votes cast by the supposed buyer at general meetings can contaminate every resolution adopted with his participation. For a foreign seller, the nightmare scenario is discovering the nullity two years later, from another continent, when a dispute breaks out over a capital increase or a dividend distribution. That is why the approval decision must always be secured in writing before the transfer is recorded, typically in minutes of a collective decision of the shareholders or a written consultation, and kept with the sale file.<\/p>\n
L’article L. 227-15 du code de commerce ne r\u00e9gissant pas l’exclusion d’un associ\u00e9 ni la cession forc\u00e9e de ses actions qui en r\u00e9sulte, la nullit\u00e9 qu’il pr\u00e9voit vise uniquement \u00e0 sanctionner la violation de toute clause statutaire ayant pour objet la cession d’actions librement consentie par leur titulaire<\/q> (Cass. com., 21 June 2023, No. 21-25.952<\/a>). In plain terms, the nullity punishes violations of clauses governing voluntary sales, which is precisely your situation as a willing seller, while forced transfers resulting from an exclusion procedure follow a different regime. Do not read this decision as good news: it confirms that an ordinary sale closed in breach of an approval clause is void, and the fact that you signed from abroad changes nothing.<\/p>\n
Les clauses statutaires vis\u00e9es aux articles L. 227-13 et L. 227-17 ne peuvent \u00eatre adopt\u00e9es ou modifi\u00e9es qu’\u00e0 l’unanimit\u00e9 des associ\u00e9s. Les clauses statutaires mentionn\u00e9es aux articles L. 227-14 et L. 227-16 ne peuvent \u00eatre adopt\u00e9es ou modifi\u00e9es que par une d\u00e9cision prise collectivement par les associ\u00e9s dans les conditions et formes pr\u00e9vues par les statuts.<\/q> A buyer who asks you to
clean up<\/q> the statutes by removing the approval clause before closing cannot do it alone, and neither can a bare majority: check which majority your own statutes require for approval-related clauses, because the buyer will inherit the same constraint the day after he buys. Second, once approval is granted, the sale itself is completed by a transfer order, called an ordre de mouvement, signed by you or your attorney-in-fact and recorded in the company’s share movement register and in the individual shareholder accounts. Ownership passes through that registration, not through the private sale contract alone, so a seller living abroad should mandate in writing a person in France to sign the order, verify the book entries, and send back certified copies. Keep the signed order, the approval minutes and the updated account statements together: they are your proof of ownership transfer if the company later denies it.<\/p>\n
B. What happens when your SARL refuses to approve the buyer: can you still sell your parts?<\/h3>\n
Les parts sociales sont librement transmissibles par voie de succession ou en cas de liquidation de communaut\u00e9 de biens entre \u00e9poux et librement cessibles entre conjoints et entre ascendants et descendants.<\/q> The same article immediately adds that the statutes may require approval even for a spouse, an heir or a parent, and that where approval is refused to an heir, the heir is entitled to the value of the deceased partner’s rights. Everything else, meaning any sale to a person outside the company, goes through the mandatory procedure of Article L223-14, and no statute can contract out of it.<\/p>\n
Les parts sociales ne peuvent \u00eatre c\u00e9d\u00e9es \u00e0 des tiers \u00e9trangers \u00e0 la soci\u00e9t\u00e9 qu’avec le consentement de la majorit\u00e9 des associ\u00e9s repr\u00e9sentant au moins la moiti\u00e9 des parts sociales, \u00e0 moins que les statuts pr\u00e9voient une majorit\u00e9 plus forte.<\/q> Note the double threshold: a majority of the partners who together hold at least half of the parts, unless your statutes demand more. Second,
Lorsque la soci\u00e9t\u00e9 comporte plus d’un associ\u00e9, le projet de cession est notifi\u00e9 \u00e0 la soci\u00e9t\u00e9 et \u00e0 chacun des associ\u00e9s.<\/q> Your notification must identify the buyer and the price; from abroad, send it by registered letter with acknowledgement of receipt or through a commissaire de justice (the court officer formerly called huissier), and keep every receipt. Third,
Si la soci\u00e9t\u00e9 n’a pas fait conna\u00eetre sa d\u00e9cision dans le d\u00e9lai de trois mois \u00e0 compter de la derni\u00e8re des notifications pr\u00e9vues au pr\u00e9sent alin\u00e9a, le consentement \u00e0 la cession est r\u00e9put\u00e9 acquis.<\/q> Silence for three months equals approval, which is why proving the exact date of the last notification is decisive.<\/p>\n
Si la soci\u00e9t\u00e9 a refus\u00e9 de consentir \u00e0 la cession, les associ\u00e9s sont tenus, dans le d\u00e9lai de trois mois \u00e0 compter de ce refus, d’acqu\u00e9rir ou de faire acqu\u00e9rir les parts \u00e0 un prix fix\u00e9 dans les conditions pr\u00e9vues \u00e0 l’article 1843-4 du code civil, sauf si le c\u00e9dant renonce \u00e0 la cession de ses parts.<\/q> The c\u00e9dant is the selling partner, and the article gives you a strategic choice many foreign sellers miss: you may renounce the sale altogether once you see the expert’s price, and simply keep your parts. The expert’s fees fall on the company, since
Les frais d’expertise sont \u00e0 la charge de la soci\u00e9t\u00e9.<\/q> At the company’s request, a court may extend the three-month buyout period, but
sans que cette prolongation puisse exc\u00e9der six mois<\/q>, and the company may instead, with your consent, reduce its capital and buy back your parts itself. A court can even grant the company up to two years to pay on proof of hardship, with the sums bearing interest at the commercial legal rate. If none of these solutions materialises in time,
l’associ\u00e9 peut r\u00e9aliser la cession initialement pr\u00e9vue<\/q>: your original buyer walks through the door despite the refusal. Two limits frame the whole mechanism:
l’associ\u00e9 c\u00e9dant ne peut se pr\u00e9valoir des dispositions des troisi\u00e8me et cinqui\u00e8me alin\u00e9as ci-dessus s’il ne d\u00e9tient ses parts depuis au moins deux ans<\/q>, except in cases of inheritance, divorce settlements or gifts to close relatives, and
Toute clause contraire aux dispositions du pr\u00e9sent article est r\u00e9put\u00e9e non \u00e9crite.<\/q> Any statute pretending to remove this exit is legally unwritten.<\/p>\n
La cession des parts sociales est soumise aux dispositions de l’article L. 221-14.<\/q> That text, available at Article L221-14 of the Commercial Code<\/a>, provides that
La cession des parts sociales doit \u00eatre constat\u00e9e par \u00e9crit. Elle est rendue opposable \u00e0 la soci\u00e9t\u00e9, dans les formes pr\u00e9vues \u00e0 l’article 1690 du code civil. Toutefois, la signification peut \u00eatre remplac\u00e9e par le d\u00e9p\u00f4t d’un original de l’acte de cession au si\u00e8ge social contre remise par le g\u00e9rant d’une attestation de ce d\u00e9p\u00f4t. Elle n’est opposable aux tiers qu’apr\u00e8s accomplissement de ces formalit\u00e9s et, en outre, apr\u00e8s publication des statuts modifi\u00e9s au registre du commerce et des soci\u00e9t\u00e9s ; ce d\u00e9p\u00f4t peut \u00eatre effectu\u00e9 par voie \u00e9lectronique.<\/q> For a seller abroad, the deposit route is usually the simplest: your representative files an original of the deed at the registered office (si\u00e8ge social) against a written deposit certificate signed by the g\u00e9rant (the SARL’s legal manager), then the updated statutes are filed electronically with the registre du commerce et des soci\u00e9t\u00e9s (the trade and companies register kept by the greffe, whose entries appear in the Kbis extract, the company’s official identity card, and in the BODACC, the official gazette of commercial announcements). Until enforceability is complete, the company can lawfully keep treating you as a partner, convoke you, and ignore your buyer.<\/p>\n
Il r\u00e9sulte de la combinaison des articles L. 223-13 et L. 223-14, alin\u00e9a 3, du code de commerce et de l’article 1843-4 du code civil, que l’h\u00e9ritier d’un associ\u00e9 d\u00e9c\u00e9d\u00e9 qui a demand\u00e9 \u00e0 \u00eatre agr\u00e9\u00e9 comme associ\u00e9 au titre des parts dont il a h\u00e9rit\u00e9 peut, \u00e0 tout moment, m\u00eame apr\u00e8s la fixation du prix par l’expert, renoncer \u00e0 sa demande d’agr\u00e9ment et exiger le remboursement de la valeur des droits de son auteur.<\/q> (Cass. com., 24 January 2024, No. 21-25.416<\/a>). The lesson extends beyond inheritance disputes: whenever the buyout price fixed by the expert disappoints you, the statute lets you walk away and keep your parts instead of selling at a price you never accepted. Foreign sellers should therefore never treat the expert’s figure as a forced sale price; it is the price at which the others must buy you out if, and only if, you confirm that you still want to sell.<\/p>\n
II. Price, French tax and registration: what the foreign seller pays, files and updates<\/h2>\n
A. Who fixes the price when buyer and seller disagree: can the court-appointed expert ignore your valuation formula?<\/h3>\n
Dans les cas o\u00f9 la loi renvoie au pr\u00e9sent article pour fixer les conditions de prix d’une cession des droits sociaux d’un associ\u00e9, ou le rachat de ceux-ci par la soci\u00e9t\u00e9, la valeur de ces droits est d\u00e9termin\u00e9e, en cas de contestation, par un expert d\u00e9sign\u00e9, soit par les parties, soit \u00e0 d\u00e9faut d’accord entre elles, par jugement du pr\u00e9sident du tribunal judiciaire ou du tribunal de commerce comp\u00e9tent, statuant selon la proc\u00e9dure acc\u00e9l\u00e9r\u00e9e au fond et sans recours possible.<\/q> For a seller living abroad, the concrete meaning is reassuring: if the remaining partners stall on price, your counsel petitions the president of the competent court in summary-like proceedings, an independent expert is appointed, and the resulting valuation binds the buyout. No appeal lies against the appointment order itself, which keeps the procedure fast.<\/p>\n
cette disposition, qui concerne tant les soci\u00e9t\u00e9s civiles que les soci\u00e9t\u00e9s commerciales, est applicable non seulement en cas de cession ou de rachat pr\u00e9vus par la loi ou par les statuts mais \u00e9galement en cas de cession ou de rachat pr\u00e9vus par des actes extrastatutaires et ce, quand bien m\u00eame les parties auraient d\u00e9termin\u00e9 \u00e0 l’avance les modalit\u00e9s de calcul du prix de la cession<\/q> (Cass. com., 24 November 2009, No. 08-21.369<\/a>). At the time, this meant the expert could be seized even where a private agreement already contained a price formula, and could value the rights without being chained to it.<\/p>\n
est tenu d’appliquer, lorsqu’elles existent, les r\u00e8gles et modalit\u00e9s de d\u00e9termination de la valeur pr\u00e9vues par les statuts de la soci\u00e9t\u00e9 ou par toute convention liant les parties.<\/q> The same duty appears in the second paragraph, which covers cases where the statutes organise a transfer without fixing any determinable value: the expert applies the valuation rules found in any agreement binding the parties. For your sale, the consequence is practical and double-edged. If your shareholders’ agreement contains a clear, applicable price formula, the expert must apply it, so draft or review that formula long before any dispute. If the formula is ambiguous, inapplicable to the situation, or manifestly designed for a different transaction, expect litigation over whether the expert was bound by it, and budget for that fight. In an SARL refusal scenario, remember the two financial cushions the statute already gives you: the expert’s fees are paid by the company, and the buyer side can obtain up to two years to pay with interest, which sometimes unlocks a buyout the remaining partners claimed they could not afford.<\/p>\n
B. How much French tax do you pay as a non-resident seller and how do you close the file from abroad?<\/h3>\n
Doivent \u00eatre enregistr\u00e9s dans le d\u00e9lai d’un mois \u00e0 compter de leur date<\/q> the deeds it lists, which include share transfer deeds. Registration is not a mere stamp: it is the moment when the registration duty (droit d’enregistrement) is assessed and paid, and the tax administration publishes an online FAQ on declaring transfers of company rights<\/a> explaining the electronic filing channel. A seller abroad almost always acts through a representative in France for this step, because the deed must be drawn up in writing with the mandatory particulars, filed on time, and accompanied by payment, failing which penalties and interest accrue against a person who may no longer have any French bank account to pay from.<\/p>\n
Les cessions de droits sociaux sont soumises \u00e0 un droit d’enregistrement dont le taux est fix\u00e9<\/q> as follows. For shares in joint-stock companies such as an SAS, the rate is 0.1 percent, since the article taxes at that rate
pour les cessions, autres que celles soumises au taux vis\u00e9 au 2\u00b0, d’actions, de parts de fondateurs ou de parts b\u00e9n\u00e9ficiaires des soci\u00e9t\u00e9s par actions non n\u00e9goci\u00e9es sur un march\u00e9 r\u00e9glement\u00e9 d’instruments financiers au sens de l’article L. 421-1 du code mon\u00e9taire et financier ou sur un syst\u00e8me multilat\u00e9ral de n\u00e9gociation au sens de l’article L. 424-1 du m\u00eame code<\/q>, which covers the ordinary unlisted SAS. For SARL parts, meaning rights in companies whose capital is not divided into shares, the same article imposes
1\u00b0 bis A 3 % : \u2013 pour les cessions, autres que celles soumises au taux mentionn\u00e9 au 2\u00b0, de parts sociales dans les soci\u00e9t\u00e9s dont le capital n’est pas divis\u00e9 en actions. Dans ce cas, il est appliqu\u00e9 sur la valeur de chaque part sociale un abattement \u00e9gal au rapport entre la somme de 23 000 \u20ac et le nombre total de parts sociales de la soci\u00e9t\u00e9<\/q>. Take a concrete example: 100 parts sold for 200,000 euros means 2,000 euros per part, minus an allowance of 230 euros per part (23,000 divided by 100), leaving a taxable base of 177,000 euros and a duty of 5,310 euros. Finally, sales of interests in real-estate-heavy entities bear 5 percent, because the article taxes at
2\u00b0 A 5 % : \u2013 pour les cessions de participations dans des personnes morales \u00e0 pr\u00e9pond\u00e9rance immobili\u00e8re.<\/q> Before signing, compute the duty on your exact structure: a 3 percent charge on SARL parts routinely surprises foreign sellers who assumed the 0.1 percent share rate applied to everything.<\/p>\n
les gains mentionn\u00e9s \u00e0 l’article 150-0 A r\u00e9sultant de la cession ou du rachat de droits sociaux mentionn\u00e9s au f du I de l’article 164 B, r\u00e9alis\u00e9s par des personnes physiques qui ne sont pas domicili\u00e9es en France au sens de l’article 4 B ou par des personnes morales ou organismes quelle qu’en soit la forme, ayant leur si\u00e8ge social hors de France, sont d\u00e9termin\u00e9s selon les modalit\u00e9s pr\u00e9vues aux articles 150-0 A \u00e0 150-0 E et soumis \u00e0 un pr\u00e9l\u00e8vement<\/q> where the seller’s rights in the company’s profits, aggregated with those of spouse, ascendants and descendants,
ont d\u00e9pass\u00e9 ensemble 25 % de ces b\u00e9n\u00e9fices \u00e0 un moment quelconque au cours des cinq derni\u00e8res ann\u00e9es.<\/q> The rate of that withholding levy is
fix\u00e9 au taux pr\u00e9vu au deuxi\u00e8me alin\u00e9a du I de l’article 219 lorsqu’il est d\u00fb par une personne morale ou un organisme quelle qu’en soit la forme et au taux de 12,8 % lorsqu’il est d\u00fb par une personne physique.<\/q> Sellers established in a non-cooperative state or territory face a far harsher rule:
les gains mentionn\u00e9s au premier alin\u00e9a sont impos\u00e9s au taux forfaitaire de 75 % quel que soit le pourcentage de droits d\u00e9tenus dans les b\u00e9n\u00e9fices de la soci\u00e9t\u00e9 concern\u00e9e, lorsqu’ils sont r\u00e9alis\u00e9s par des personnes ou organismes domicili\u00e9s, \u00e9tablis ou constitu\u00e9s hors de France dans un Etat ou territoire non coop\u00e9ratif au sens de l’article 238-0 A<\/q>, subject only to proving genuine non-tax motives. Below the 25 percent threshold held over the last five years, this particular levy generally does not apply, but the applicable double tax treaty must still be checked line by line, because treaties allocate the right to tax capital gains between France and your state of residence and may require forms, certificates of residence and strict deadlines. Treaty analysis is not optional: it determines whether France taxes at all, and a foreign seller who ignores it may pay in France a levy his home country then refuses to credit.<\/p>\n
Conclusion<\/h2>\n
Need a quick opinion on your case?<\/h2>\n