France screens foreign investment into sensitive activities under articles L.151-3 and R.151-3 of the Code monétaire et financier. The décret n° 2023-1293 — in force since 1 January 2024 — widened the sector list and made the 10% rule for listed companies permanent. This hub maps the regime: the rules, the sectors, and the path from each origin country.
The screening has teeth: 392 investments were reviewed in 2024 and 54% of clearances came with commitments. Reading exposure before signing is part of deal hygiene.
Thresholds, sensitive sectors, the Plateforme IEF and what conditions look like.
ReadCorporate, M&A & Foreign Investment — feasibility to clearance.
Practice pageA feasibility note answers the screening question before you sign.
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