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Can a start fund invest in a company domiciled in France? Are VC regulations consistent across EU countries?

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- Yes, Start Funds can generally invest in companies domiciled in France. There’s no blanket prohibition like India’s currency controls. For comparison, Start Funds cannot invest in India-domiciled companies, but can invest in Singapore-domiciled ones (Decile Base: India and Singapore guidance).
- VC regulations are not fully consistent across EU countries. While EU directives (e.g., AIFMD) set a framework, each member state has its own implementations, notice filings, licensing nuances, and costs. Managers should verify local requirements (e.g., marketing/solicitation rules, AIFM thresholds) before investing or accepting LPs.

Helpful references:
- India restriction: https://decilehub.com/base/1-general_questions/92072-can-start-funds-invest-in-indian-companies
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Singapore allowance: https://decilehub.com/base/1-general_questions/92666-can-start-funds-invest-in-singapore-domiciled-companies

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