Legal Issues
UK citizen investors: visa requirement and exceptions
UK citizen: as of 1 January 2021 no visa is required for UK citizens to enter Italy and the Schengen area, but the maximum stay allowed is 90 consecutive days within a 180 day period. UK citizens and their families who have officially registered their presence in Italy before [...]
Good news for foreign investors: companies’ legal representatives can finally apply for an Italian investor visa.
Italy is moving its investor visa program forward. One of the most contentious points of the legislation was the one concerning the possibility for a legal person, i.e. a company, to apply for an investor visa. The original text was not clear on this issue, but now, thanks to [...]
COVID-19. Information and prevention measures throughout the national territory.
(Photo by Freepik) Articles from Decree of the President of the Council of Ministers of 7 August 2020. These provisions shall apply from 9 August 2020 and shall be valid until 7 September 2020. Art. 4. Restrictions on travels to and from abroad 1. Travels to and from States [...]
COVID -19: the main rules for travel to/from Italy from July 9 to 31
Source: Ministry of Foreign Affairs and International Cooperation DOWNLOAD: TO DECLARE THE REASONS FOR TRAVELLING: HERE THE SELF-CERTIFICATION FORM (courtesy translation IT>EN) 1- Which are the main rules for travel to/from Italy? From July 9 to 31, all persons who – in the previous 14 days – travelled to or transited/stayed [...]
Donations of money from foreign investors are tax-exempt
Under Italian tax regulations, donations of goods are subject to variable taxation, ranging from 2% to 8% of the donation’s value, depending on the relationship between the donor and the donee. However, according to article 2 of Legislative Decree 346 of 1990, only if the donor is an [...]
Innovative startups and innovative SMEs: Tax incentives 2019 for equity investors
Innovative Startups A legal definition of “innovative startup” Limited companies (including cooperatives ) new businesses, or operational for less than 5 years HQ in Italy or in another EU country, with at least a production site branch in Italy annual turnover below € 5 mln not listed on [...]