Cash Limit in Italy: upcoming changes and limitations
When travelling in another country, you might run into different cash limits. Generally, they are a means of controlling spending in the public sector by setting maximum expenditure totals for government departments or nationalized industries, deliberately making no allowance for inflation. Cash limits can also restrict tourist spending, specifically with cash (hence the name), although not debit or credit cards because these transactions can easily be tracked.
Virtual offices in Italy: how do they work?
The idea of virtual office services started in the 1960s. They began as serviced offices and have since evolved alongside technology, now including a wide variety of personnel, physical space, digital storage and communication services such as call answering.
What is the cassetto fiscale and everything you need to know about it
The tax box (cassetto fiscale) is the place where you can find out all the information related to your tax position (propria posizione fiscale) and is an internet service provided by the Italian Revenue Agency (Agenzia delle Entrate) which is available to all taxpayers authorized to access it. If it helps, you can think of it as an electronic filing cabinet. Some of the documents you can find are:
Cover letter for Visas: what to write and what to include
Perhaps you’re wondering how to write a cover letter for your visa application form?
What’s the point?
The cover letter for a Schengen Visa application is an important document to provide before your trip that introduces yourself and your purpose of travel. It states every important thing you want to tell the consulate. It should mention and explain every document that you’re submitting.
Calculating Italian Salaries: how to get to your real compensation
Everyone knows that paying taxes in Italy is notoriously complicated. It’s important to have at least a basic understanding of how to calculate your salary and taxes in order to cope with the cost of living in Italy, especially if you live in one of the major cities. People outside of the European Union imagine that tax in Italy is much higher than, say, those in the United States, but they are much closer than is expected if we take into consideration the high cost of health insurance and the various additional forms of taxes that are paid on goods in the U.S. that are not paid in Italy.
Italy’s Elective Residence Visa: what you need to know about it
The elective residence visa is one of the best types of visa to live in Italy, but it is sometimes referred to as a “rich person” visa because of the resources that are required in order to obtain one. It will be necessary to prove that you have enough passive income to sustain your life in Italy, that is, you will have to demonstrate that you can live in Italy without working, that you earn money from various financial resources, rentals and pensions. Other types of income are not considered passive.
Contract work in Italy: essential tips and recommendations
Moving to Italy, learning a new language, finding an apartment and looking for a job can take a toll when starting a new life abroad. Even after finally landing a job in Italy, you might feel tempted to just sign the employment contract and get it over with. However, a good foundation in the basics of Italian work contracts will go a long way to making that new life a bit easier.
Obtaining a business license in Italy: what you need to know
Following the most recent reforms, opening a business in Italy has become more streamlined for foreign investors even though certain procedures are still required in order to obtain a business license in Italy. Despite images of red tape, high taxation and a stiff labor market, Italy remains a country that continues to offer excellent opportunities in many traditional sectors such as fashion, food, tourism, luxury real estate and newer ones such as ICT and renewable energy.
How to start a small business in Italy in 2020: our guide
Italy’s famous for many brands, across a wide range of industries, and, in recent years, foreign investors are increasingly getting in on the action.
It’s no secret that the process is lengthy and incorporates a lot of red tape but, due to recent government provisions and incentives, starting a business in the country is becoming increasingly attractive.
Buying a shelf company in Italy: the ultimate Guide
Looking to start a company in Italy? Good going! Italy has been opening its doors to foreign investment, and a testament to this is how government provisions in recent years work in favor of foreign investors. But be warned: bureaucratic procedures are not your friend, and they’ll be your first big hurdle in getting your business off the ground.
One of the downsides of opening a brand-new company will be the effort and time that you have to be ready to invest.
After moving back to Italy from the United States in 2013, I realized how much an accounting and tax firm was needed to help expats living in Italy to comply with the local tax regulations.