Read our guide on the regulatory framework of Alternative Investment Funds in Italy.

BENEFIT CORPORATIONS 1 – The Benefit Corporations and their main characteristics The Italian Law n.208 of December 28th, 2015 (2016 Stability Law) has introduced in the Italian legal system the figure of “Benefit Corporations”, defining them in the Article 1 paragraph 376, as those companies which, in the exercise of an economic activity, in addition [..Read more..]

An Introduction Brochure

The Ministerial Decree of December 28, 2020 has been published on no. 38 of February 15, 2021 of the Official Gazette. The decree adopted by the Ministry of Economic Development, which establishes the criteria and procedures for obtaining the tax benefits provided by Decree Law No. 34 of May 19, 2020 (so-called “Decreto Rilancio”) in [..Read more..]

The EORI number On December 31, 2020, the transition period for the United Kingdom’s exit from the European Union ends. From January 1, 2020, all companies moving goods and services to and from the UK will have to comply with a series of new administrative, customs and tax processes. The requirements that traders must follow [..Read more..]

“Resto al Sud” “Resto al Sud” is the new measure managed by Invitalia, aimed at encouraging young people to start their business activities in the Southern regions of Italy. The program is aimed at financing new production activities, both in the form of sole proprietorships or corporations, in industry, manufacturing, processing of agricultural products, fishing [..Read more..]

Last 6 October 2020, the EU Commission launched a new digital platform to support EU companies doing business with Iran. The JCPOA (Joint Comprehensive Plan of Action) dated 14 July 2015intended to put an end to all economic and financial sanctions imposed by the European Union in connection with the Iranian nuclear program. However, some [..Read more..]

The real estate simple partnership (“società semplice immobiliare”) is a type of partnership that does not carry out commercial activity as its only purpose is to hold real estate assets. The shares of a real estate partnership can also be held by foreign companies. There are many advantages for the incorporation of a real estate [..Read more..]

The Italian Investor Visa Program (Golden Visa), regulated by Article 26-bis of the Italian Consolidated Law on Immigration (Legislative Decree No. 286/98) has introduced a 30 days fast-track procedure to obtain an Italian residence permit for foreigners who intend to make one of the following eligible investments in Italy: an investment of at least Euros [..Read more..]

Italy implemented a comprehensive reform of the Third Sector and other not-for-profit organizations. Introduction. Pursuant to Italian law, a Third Sector Organization or Ente del Terzo Settore (“ETS”) is a not-for-profit private organization or entity that pursues civic, solidarity and social benefits purposes carrying out, exclusively or principally, activities of general interest in an accountable and transparent [..Read more..]

The Italian Liquidity Decree: Covid-16 Government measures to support Italian enterprises. Last 8 April 2020 the Italian government implemented new important measures to support and provide liquidity to Italian enterprises. Read our comprehensive guide.

Decree Law no. 23 of 8 April 2020 On 8 April 2020, the Italian Council of Minister approved Law Decree no. 23, published in the Official Gazette (General Series no. 94, Extraordinary Edition of April 8, 2020), containing “Urgent measures related to access to credit and tax obligations for businesses, special powers in strategic industry [..Read more..]

Covid-19 emergency measures: New rules for remote shareholders’ meetings and extension of the term to approve the yearly financial statements The emergency measures against COVID-19 also apply to the corporate framework. First, under the Italian law the shareholders’ meeting for the approval of annual financial statements must be convened within 120 days from the last [..Read more..]

Read our guide on the COVID-19 Emergency Italian labour law framework.

Which investments qualify as investments into a “company incorporated and operating in Italy” under the Golden VISA legislation? Under Italian immigration law, one of the options to qualify for Golden VISA is to “invest at least € 1 million in equity instruments of a company incorporated and operating in Italy, to be held for at [..Read more..]