France is an attractive country to be tax resident
With regards to the international exchange of information, the ultimate beneficial ownership of the company and of the property needs to be disclosed.
One is also obliged to have proof of the source of funds that were used to acquire the property.
Recent case litigation has taxed owners who could not link themselves to the ownership properly of the legal structure.
One should not forget it is also necessary to prepare sufficient accounts for companies in the French format and to maintain legal records.
This means annual general meetings and statutory books are necessary and important.
There are also certain tax compliant filing obligations on an annual basis at certain times of the year that compliance is essential.
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