FCPI / FIP Simulator

FCPI(Fonds Communs de Placement dans l'Innovation -- Innovation Mutual Funds) and FIP(Fonds d'Investissement de Proximite -- Local Investment Funds) are collective investment vehicles that invest in unlisted SMEs. In exchange for a lock-up period of generally 5 to 10 years, the investor benefits from an income tax reduction of 18% of the amount invested (or 25% under the enhanced IR-PME scheme when in effect).

FCPIs must invest at least 70% of their assets in innovative SMEs, while FIPs must invest at least 70% in regional SMEs. These funds allow investors to support the real economy while benefiting from a significant tax advantage. The reduction falls within the global tax incentive cap of 10,000 euros per year.

It is important to note that these investments carry a risk of capital loss. Past performance does not predict future performance, and liquidity is limited throughout the fund's lock-up period.

Although FCPI and FIP offer the same tax reduction rate, they differ in the nature of the companies financed. FCPIs target innovative SMEs (technology, biotech, fintech) nationally, while FIPs focus on regional SMEs within a defined geographic area (generally 3 to 4 adjacent regions). Corsican FIPs and overseas FIPs benefit from an enhanced reduction rate of 30%, within the tax incentive cap raised to 18,000 euros for overseas investments.

The choice between FCPI and FIP depends on your risk appetite and your desire to support innovation or the local economic fabric. It is possible to combine both within their respective caps.