Through this form of financing, you will be able to acquire for your business machinery or movable assets, which will be jointly registered and co-owned with the bank.
Relatively low initial capital will be required from the customer.
For tax purposes, the asset is ‘on-balance sheet’ i.e. it is treated as though it belongs to the customer.
The customer qualifies for interest, wear and tear deductions and any applicable investment allowances.
Ownership of the asset will be passed on to the customer after receipt of the final payment.