Crowdlending in France
France runs one of the larger crowdfunding markets in Europe, historically under two domestic licences (CIP and IFP) and now transitioning to the European Crowdfunding Service Provider regime. The market regulator is the Autorité des marchés financiers (AMF), with the prudential regulator ACPR overseeing the banking side.
French platforms are particularly strong in two segments: real-estate crowdlending on residential and small commercial developments, and renewable-energy financing, where French issuers regularly fund solar and wind projects backed by state-supported feed-in tariffs.
Tax point worth knowing
French-source interest paid to residents is generally subject to the flat Prélèvement Forfaitaire Unique. Non-residents should check the applicable tax treaty and the form their chosen platform requires.
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Frequently asked.
What is the PSFP licence?
PSFP (Prestataire de Services de Financement Participatif) is the French implementation of the EU ECSP regulation. It replaced the older CIP / IFP licences in 2023 and is supervised jointly by the AMF and ACPR.
How is crowdlending income taxed in France?
By default, the PFU (prélèvement forfaitaire unique) of 30 % applies — 12.8 % income tax + 17.2 % social contributions. Investors can opt for the progressive scale if more favourable.