Subsection 3: Financial provisions.

Articles in this section · 8

Article L2512-28

French General Code of Local AuthoritiesIn force

Updated 7 Nov 2023

I.-For the application of articles L. 2334-7, L. 2531-13, L. 3334-3 and L. 3335-4, the share of actual operating revenue and actual operating expenditure taken into account for the City of Paris are defined by decree in the Conseil d'Etat.

For the application of articles L. 2334-4, L. 2334-5, L. 2336-2, L. 3334-6 and L. 3335-2 as well as article L. 5211-29, the share of property tax revenue on built-up properties taken into account for the City of Paris is defined by decree of the Conseil d'Etat.

II.-.For the application of Article L. 2334-4 with regard to revenues collected by the City of Paris:

1° 1° bis is worded as follows:

"1° bis La fraction du produit net de la taxe sur la valeur ajoutée prévue au D du V de l'article 16 de la loi n° 2019-1479 du 28 décembre 2019 de finances pour 2020 perçue par la Ville de Paris l'année précédente;"

2° 1° ter is worded as follows:

"1° ter The product, multiplied by 56.68%, determined by applying the average national municipal tax rate for this tax to the municipal tax bases for property tax on built-up properties;".

III. III -For the application of article L. 2334-5 with regard to the City of Paris, b and c of 2° are replaced by a paragraph worded as follows:

" b) The product, multiplied by the average national rate of tax on built-up property "(b) The product, multiplied by 54.5%, determined by applying the average national municipal tax rate for this tax to the municipal tax bases for property tax on built-up properties. "

IV. IV -For the application of article L. 3334-6 with regard to the revenues collected by the City of Paris, 1° is worded as follows:

"1° The revenue, multiplied by the average national municipal tax rate for this tax. "1° The revenue, multiplied by 43.32%, determined by applying the average national municipal tax rate for this tax to the municipal tax bases for property tax on built-up properties;

V.- (Repealed) V.- (Repealed).

Mariela Petrova

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Working with a corporate lawyer in France — Q&A

Any time a strategic decision changes how the company is owned, governed or contractually bound — incorporation, fundraising, M&A, restructuring, shareholder agreements, or major commercial contracts. Earlier engagement always costs less than later remediation.

A notary (notaire) is a public officer who authenticates specific deeds (mainly real-estate transfers and certain family-law acts). A corporate lawyer (avocat) advises on strategy, negotiates and drafts company documents, and represents you in disputes. The two roles complement rather than overlap.

Yes — most of our clients are foreign suppliers, investors or holding entities. We bridge the gap between French law and your home jurisdiction's expectations and deliver everything bilingually.

The SAS (Société par Actions Simplifiée) is the default choice for most international structures: flexible governance, single shareholder allowed, no minimum capital, and works cleanly with foreign holding entities. We assess SARL, SA, SCI on the merits when the situation calls for it.

Yes — communications with a French avocat are protected by the secret professionnel (Article 66-5 of the Law of 31 December 1971). This protection is broader than the common-law attorney-client privilege and applies to written and oral exchanges.

We work on fixed fees for clearly scoped engagements (incorporation, contract drafting, audits) and on monthly retainers for ongoing advisory. Hourly billing is the exception, not the default. You always know the cost before work starts.

Typical timeline is 2–3 weeks from KYC kick-off to RCS registration, assuming standard documentation. Holding-company structures, foreign-shareholder identification or in-kind contributions can extend this — we flag the gating items at the first meeting.

Absolutely. We routinely coordinate with your in-house counsel, expert-comptable or notaire — pragmatic collaboration is the norm, not the exception. We send them everything they need to do their part without duplicating work.

Mariela Petrova

Mariela Petrova

Avocate au Barreau de Paris

Toque #C2396

15+ Years In Corporate Practice

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Communications protected by professional secrecy — secret professionnel de l'avocat, Article 66-5 of the Law of 31 December 1971.

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