Legal Issues
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 a [...]
A ten-year tax reduction for non-EU entrepreneur and investors ready to move to Italy to invest and work
Good news for non-EU entrepreneurs and investors willing to move their fiscal residence to Italy: that’s in the Growth Act (Art. 5, D.L. n. 34/2019 - Misure urgenti di crescita economica e per la risoluzione di specifiche situazioni di crisi) issued by the Italian Government on 30 April 2019, [...]
How to invest in an Italian corporation
According to the recent innovation of Italian immigration law, one of the way to obtain an “investor visa” is to invest a sum of either 500,000.00 or 1,000,000.00 euro, respectively, in an Italian startup or in an ordinary corporation. There are two ways to realise this investment: either by [...]
Hotels and agritourism businesses: tax credit for the redevelopment of accommodation facilities
Article 19 of the simplification decree provides that for tax periods after 2018 the tax credit granted to hotels and agritourism businesses for building renovation, eliminating architectural barriers, increasing energy efficiency, earthquake-proofing and the purchase of furniture and large electrical appliances aimed at furnishing is recognized provided that at [...]
Italian Succession Law. What to know before moving to Italy.
Foreigners that are thinking about moving their residence to Italy might be interested in knowing more about Italian succession law. Indeed, according to EU Regulation n. 650/2012, the law of Succession is not determined by the nationality of the deceased but rather taking into consideration the country of [...]