Studio Legale Marsaglia, our member firm in Milan, have published an article on the taxation of and opportunities for non-Italian High Net Worth Individuals.
Italy’s Budget law 2017 has introduced the Golden VISA: A non EU individual can benefit from a two years VISA renewable for a further three years if:
An investment is made of
– no less than € 2.000.000,00 in government bonds to be kept for at least two years, or
– no less than € 1.000.000,00 in an Italian private company, or
– no less than € 500.000,00 in a innovative start up registered as such, the investment to be kept for at least two years
A donation is made
– of no less than €1.000.000 to finance a project of public interest in the area of culture, education, immigration management, scientific research.
Click on the link below to find out more about the TAX incentive.