- Your SCI must have its own articles of association, drawn up and enclosed with your incorporation application. You can draw them up yourself, or call in a professional.
- It is necessary to publish an announcement of the company's creation in an approved legal gazette.
- SCI registration is absolutely compulsory, and costs €70.39.
- The minimum share capital required to open an SCI is €1.
- With SeDomicilier, you can benefit from a complete, flexible and efficient service for the domiciliation of your SCI
How much does it cost to set up an SCI?
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An SCI (Société Civile Immobilière) enables several people to own and manage the same property together. To set it up, you need to anticipate the costs involved in drafting the articles of association, registering the company, legal publicity and so on. Here's everything you need to know before getting started!
A Société Civile Immobilière (SCI ) is a legal entity used to purchase a property and manage it collectively.
The SCI is a way of transferring wealth between several members of the same family, and is frequently favored by the French. There are many different types of SCI: classic, family, etc. It cannot be used for commercial purposes.
Before putting together your incorporation file, it's essential toanticipate the budget you'll need to set up your SCI properly.
A number of costs need to be taken into account: drafting the articles of association, freezing the share capital in an escrow account, publishing a legal announcement in an approved newspaper, and registration are all elements to be scrutinized.
Let's go through them together and estimate the total cost of setting up your SCI!
Drafting by-laws
Your SCI must have its own articles of association, drawn up and enclosed with your incorporation application. You can draw them up yourself, or call in a professional. This task requires real legal skills, and should not be taken lightly.
A legal loophole can lead to refusal to set up your SCI, or to ex-post litigation.
If you decide tooutsource the creation of your SCI to a professional, you need to plan for these additional costs. The fees of a lawyer, a notary or chartered accountant generally range from €500 to €2,500 , excluding tax, depending on the firm.
Don't hesitate to ask for a quotation so that you can take advantage of the competition.
Publish a legal notice in an approved newspaper
It is necessary to publish an announcement of the creation of an SCI in an approved legal gazette. A simple announcement for an SCI generally costs between €100 and €200 excluding tax.
This price may vary according to the length of the ad and the scope of the newspaper chosen. Once again, you can either do it yourself or entrust the job to a professional, who will charge you for it at a later date.
Registering the SCI
SCI registration is absolutely compulsory, and costs €70.39. It is carried out after publication of a notice of incorporation in an approved legal gazette.
It is also sometimes necessary to draw up a declaration of beneficial owners, which costs €25.
Pay other set-up costs
The minimum share capital required to open an SCI is €1. This is not really a cost, as it can be recovered when the company is dissolved.
It must be deposited in a business bank account with your bank, which may charge for this service. The certificate of deposit must be enclosed with the business start-up application.
Last but not least, you'll need to pay the fees charged by the commercial court clerk's office. For the creation of an SCI, these are €95.01 (incl. VAT).
Setting up an SCI involves a number of unavoidable costs, many of which depend on your need for support, or the compulsory (or optional) involvement of third parties to carry out numerous formalities.
With a limited need for support, we estimate that setting up an SCI costs approximately €250.
However, the administrative procedures involved can be complex, so it's vital to have the right support to avoid any obstacles.