What is the legal structure of these fractional ownership properties in Paris?
Each co-owner is a shareholder in an US-based company, which in turn holds all the shares in a French real estate entity, called a société civile immobilière, or SCI. This double company structure is set up in order to ensure the simplest and most transparent ownership structure for the property, as well as to make shares easily transferable without disrupting the underlying ownership structure of the property.
