Italy
Land of art, beauty, saints and dolce vita…
and the right place for doing business
Have you ever thought about Italy as a hub for doing business?
No? It’s a shame as Italy is not a “common place”, rather it is an “extraordinary commonplace”
Have a look at this: ITALY THE EXTRAORDINARY COMMONPLACE
Yes, Italy is probably one of the best locations for doing international business within the European border.
That is true for so many reasons but notably because Italy is a “business friendly” jurisdiction.
Italy is a modern, efficient, flexible, productive and business-minded country eager to welcome international investors and entrepreneurs.
Italy is a low taxation jurisdiction who promotes new business, fresh ideas and young entrepreneurs.
An efficient and business-minded public sector supports private business efficiently and internationally.
Here is a list of the main incentives and special tax regimes that will be beneficial to an international investor
“Lump sum taxation” for individual foreign citizens or Italian citizen non-residents for at least 10 years: it is a lump sum taxation of 100.000 Euro per annum covering all revenues of non-Italian source + 25.000 Euro for each family member. (Legge di bilancio 2016 n. 232).
Special tax regime for employee and self-employed who transfers residence to (?) Italy: a substantial tax deduction (up to 50%) for new residents (art. 16 del decreto legislativo 147/2015).
Competence centres for highly specialized industrial sectors: a partnerships public/private sectors (Decreto Direttoriale del Ministero dello Sviluppo Economico del 29 gennaio 2018).
Special tax regime for small and micro business and for professional whose business is established in special “free trade zones” “nuove zone franche urbane” (Circolare del Ministero dello Sviluppo Economico n. 172230 del 9 aprile 2018).
Incentives for investments in capital and instrumental goods (Law “Nuova Sabatini“): incentives for purchases and/or leasing on capital goods, hardware, software and digital technologies.
Social business and undertakings: incentive aiming to promote social business (Decreto del Ministro dello Sviluppo Economico del 3 luglio 2015, Decreto Interministeriale del 14 febbraio 2017, Decreto del Ministro dello Sviluppo Economico dell’8 marzo 2017, Decreto Direttoriale del Ministero dello Sviluppo Economico del 26 luglio 2017).
Patent box: special tax regime for patents design, models, processes (Decreto del Ministro dello Sviluppo Economico del 30 luglio 2015 e Decreto Interministeriale del 28 novembre 2017).
Incentives for undertakings of environmental protection (Circolare Direttoriale 12 maggio 2017, Decreto Ministeriale del 7 dicembre 2016, Decreto Ministeriale del 9 giugno 2015, Decreto del Ministro dello Sviluppo Economico del 9 dicembre 2014).
Special regime for depreciation rates for investments in capital goods (Legge 28 dicembre 2015 n. 208, Legge 11 dicembre 2016, n. 232, Legge 27 dicembre 2017 n. 205, Circolare Direttoriale del 1 agosto 2018 n. 295485).
Tax credit for R&D (Circolare direttoriale del 9 febbraio 2018 n. 59990, Risoluzione dell’Agenzia delle Entrate n. 46/E del 22 giugno 2018, circolare dell’Agenzia delle Entrate n. 13/E del 27 aprile 2017, circolare dell’Agenzia delle Entrate n. 5/E del 16 marzo 2016, Decreto attuativo del 27 maggio 2015 del Ministero dell’Economia e delle Finanze, articolo 3 del Decreto legge 23 dicembre 2013 n. 145).
Tax credit for stock exchange listings and IPOs of SME business (Decreto del Ministro dello Sviluppo Economico del 23 aprile 2018).
Tax credit for innovative Start-ups (Decreto legge 18 ottobre 2012 n. 179, Legge 17 dicembre 2012 n. 221).