What is construction and sales civil company?

A construction and sales civil company (SCCV) is a form of company widely used by developers. The SCCV functions like a classic civil company, it is its corporate purpose that is specific. The SCCV is not taxed directly, it is said to be transparent. Indeed, taxes are paid by its parent company if it is owned by another company or deducted from the income of each partner if it is owned by one or more individuals. Its duration is 99 years maximum but it ends as soon as its purpose is fulfilled (e.g. end of construction and sale of units). In the case of a bond loan, it is the holding company or SAS that owns the SCCV that carries the loan.

Related articles
- What is real estate crowdfunding?
- Who is the issuer?
- What is a term loan?
Was this article helpful?
Cancel
Thank you!