A 29.90% reduction in acquisition cost
The Girardin Industriel para-hotel scheme allows an operational buyer to reduce their total acquisition cost by 29.90%, while offering a tax investor a 45.30% income tax reduction. Two separate benefits, one mechanism.
29,90 %
reduction in acquisition cost
12
qualifying operations since 2012
7 ans
minimum commitment period
How does Girardin Industriel work?
Under Article 199 undecies B of the French Tax Code, a natural person investing in productive assets located in French Overseas Territories qualifies for an income tax reduction exceeding their initial outlay — provided the assets are operated commercially for seven years. In the para-hotel sector, TERRA PROMOTION structures each operation with INTERINVEST (ACPR-registered, CIB 09 861) to connect operational buyers with approved tax investors.
The mechanism in three steps
01
Structuring
INTERINVEST creates a dedicated SNC (société en nom collectif). The tax investor subscribes to a majority stake; the operational buyer subscribes to a minority stake.
- SNC constituted with two partners
- Tax investor: majority stake (approx. 70%)
- Operational buyer: minority stake (approx. 30%)
02
Operation
The SNC acquires the property asset and leases it commercially for 7 years. The para-hotel activity must meet minimum occupancy and service requirements.
- 7-year commercial lease to para-hotel operator
- Minimum 3 of 4 para-hotel services required
- Annual DRFiP monitoring and reporting
03
Exit
At the end of the 7-year period, the tax investor sells their stake to the operational buyer for a symbolic €1. The buyer becomes sole owner of the property, free and clear.
- Stake transfer for €1 symbolic
- Full ownership transferred to the buyer
- No further fiscal commitment
A concrete calculation
Illustrative example only. Figures are indicative and must be verified with your tax advisor and INTERINVEST before any investment decision.
| ASSUMPTIONS | ||
| Property value (ex-VAT) | 1 200 000 € | |
| Tax investor stake | 70% | |
| Tax investor's investment | 840 000 € | |
| Applicable rate (art. 199 undecies B) | 45.30% | |
| GIRARDIN CALCULATION | ||
| Gross tax reduction | 840 000 × 45.30% | 380 520 € |
| Net gain after investment | 380 520 − 840 000 | − 459 480 € |
| Investor's cost of benefit to buyer | 840 000 − 380 520 | 459 480 € |
| Buyer's effective discount | 459 480 / 1 200 000 × 100 | 38.29% gross → 29.90% net |
| RESULT | ||
| Property value | Without Girardin | With Girardin |
| Total acquisition cost | 1 200 000 € | 838 800 € |
| Effective cost reduction | — | 361 200 € |
| Net reduction rate | 0 % | 29.90 % |
Example based on a property value of €1,200,000 ex-VAT. The reduction rate of 29.90% is indicative. Actual rate depends on the operation structured by INTERINVEST. This example does not constitute investment advice.
Buyer or investor?
The Girardin mechanism creates two distinct flows: the operational buyer reduces their acquisition cost; the tax investor reduces their income tax. These are independent benefits — neither party takes on the other's risk.
You want to own property
You acquire a villa or plot at a net cost reduced by 29.90%. You manage the para-hotel activity for 7 years, then become sole owner at the end of the commitment period.
- 29.90% reduction in total acquisition cost
- 7-year para-hotel operation requirement
- Full ownership at end of commitment period for €1
You want to reduce your income tax
You invest in a Girardin operation structured by INTERINVEST and receive an immediate income tax reduction of 45.30% of your invested amount — exceeding your initial outlay.
- 45.30% income tax reduction (IR)
- One-year commitment only
- No property management involvement
INTERINVEST, a reference since 1991
INTERINVEST is one of France's leading Girardin specialists, ACPR-registered (CIB 09 861), with over 30 years of track record in French Overseas Territories.
1991
Founded
~50 %
of market share in Guadeloupe
48 000+
investors served
9
Girardin operations
3 Mds €
invested
12
years average per operation
INTERINVEST SAS — ACPR registration CIB 09 861 — Financial investment advisor (CIF) — Member of CNCGP — AMF regulated
Villas TERRA éligibles au Girardin
Les programmes TERRA à Saint-François sont structurés pour le Girardin Industriel para-hôtelier. Deux opérations permettent d'activer le dispositif dès aujourd'hui.
Eligibility and commitments
Eligibility criteria
- Property located in a French Overseas Territory (DOM-COM)
- New construction or renovation with planning permission
- Para-hotel activity: reception, linen, cleaning, breakfast (min. 3 of 4)
- Minimum 70% annual occupancy rate
- Operation through an SNC structured by an ACPR-registered firm
- French income tax payer with sufficient tax liability
Buyer commitments
- Operate the para-hotel activity for a minimum of 7 years
- Maintain minimum occupancy and service standards throughout
- Annual declaration to the DRFiP (local tax authority)
- No personal use of the property during the 7-year period
- Respect the lease terms with the SNC and its majority partner
Your questions answered
This page is provided for information purposes only and does not constitute investment advice, tax advice or a solicitation to invest. The Girardin Industriel scheme involves fiscal and operational commitments. Past performance and observed reduction rates are not guarantees of future results. Consult a qualified tax advisor before making any investment decision. Exclusive structuring with INTERINVEST, leading Girardin Industriel arranger and TERRA partner across 12 operations — ACPR approval CIB 09 861.
Villas TERRA éligibles au Girardin
Les programmes TERRA à Saint-François sont structurés pour le Girardin Industriel para-hôtelier. Deux opérations permettent d'activer le dispositif dès aujourd'hui.
Plan your Girardin operation
Our team works with INTERINVEST to structure Girardin Industriel operations on Belles Rives, Rosebud and Bel Arbre. Contact us to receive a personalised simulation within 48 hours.