Get paid to move to Italy in this 4 places' list
In 2017 the town of Candela in the Puglia region of Southern Italy began offering up to €2,000 to entice people into moving to the village of less than 2,000 inhabitants. Several other Italian towns have since followed suit albeit for a limited time only. Those looking to move from the United States will still need to go through the visa application process. But come prepared because you’ll need to start some kind of business to help breathe life into these regions.
Find out what is the average salary in Italy and the most important factors to get paid more
Everyone knows the saying “money cannot buy happiness,” but it is an important means to achieving a higher standard of living and well-being in the world we live in. Salaries in Italy are not among the highest in Europe (Switzerland being over €6,000; Luxembourg over €5,000; Germany over €4,000), but the cost of living is lower to compensate.
Manufacturing business for sale in Italy: trends and recommendations to find the best deals
Italy is the third largest economy in Europe as of 2018 (behind Germany and France). Renowned for being a major tourist destination, Italy is also one of the largest wine and olive oil producers in all the world. Its most developed economic sector and top GDP contributor is manufacturing. Behind manufacturing are the automotive and agricultural industries. And, there are plenty of companies for sale in these sectors.
The Italian fiscal code number: what is it and why is so important?
Every country has a unique code to identify its taxpayers called Tax Identification Number (TIN); the Italian TIN is called Codice Fiscale or Fiscal Code Number.
The Italian fiscal code is not simply used to file your tax return, but rather to complete numerous tasks on a daily basis.
Every Italian citizen born in Italy is assigned a codice Fiscale at birth, while Italian citizens born overseas or any other foreign citizen must request one.
The most common rental contracts in Italy
Italy’s laws strongly favor the renter (see L.n.392/1978 called the ‘Fair Rent’ Act, L.n.431/1998, and even the Constitution, all of which are available in English). Landlords cannot arbitrarily evict tenants without paying serious compensation, even in the case of non-payment by the tenant. The eviction process can sometimes be very long given the corresponding legal process. Some cases have lasted upwards of two years.
Are there opportunities for American investors in Italy?
Italy’s top three sectors for investment are real estate, tourism, and food which many other articles cover, but we’ll look at some of the other attractive markets that encourage foreign investors. There are plenty of investment opportunities for those able to take advantage of them. Whether you’re looking at starting a business, buying Italian companies or just looking to make an investment, Italy is the right place to do it.
Italian Bank Accounts for Foreigners: best tips and recommendations
If you’re opening a bank account in Italy there are three paths. You can open a traditional account at any number of small regional banks, you can open an account with the Italian Post Office, or you can choose from a number of online banks such as N26 which are becoming more popular. The choice will depend largely on its purpose: we’ll look at both personal and corporate accounts. In some cases traditional banks can open accounts remotely, but it always helps if you are already living in Italy or preparing to move here (documents in hand let’s say)—in person appearances, while not strictly necessary, are still culturally important.
Business Laws in Italy: what are the most important ones?
What leads someone to open a business in Italy? The simple answer is that Italy is conducive to business. It’s the third largest economy in the EU and eighth in the world. Italy is very open to foreign investment—with no residency requirement—and offers incentives to new companies looking to enter the market.
Cedolare Secca, Airbnb and Short Term Rental taxation in Italy
2017 brought with it a new set of rules regarding short-term rentals (affitti brevi). These concern those who obtain income from apartment rentals and/or holiday homes as well as through intermediaries such as Airbnb and other similar online platforms (piattaforma online), all of which manage reservations and process payments online while retaining a service commission. There are a number of caveats regarding the cedolare secca in particular as well as an ongoing controversy in the European courts.
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.