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MAZZESCHI PRESENTATION
Marco Mazzeschi
mm@mazzeschi.it
Introduction
• Italy is a EU Country, Schengen-State member,
and the world’s 8th largest economy, the 5th
manufacturing economy worldwide and 2nd in
Europe.
2
• Central in Europe
• Excellence in the fields of fashion, design,
home furnishing, aerospace, robotics,
pharmaceutical, biotech and food.
MAZZESCHI
• Florence (headquarters)
• Milan
• Rome
Immigration to Italy
A. Entrepreneurship
A1 - Purchase an existing company which is running for more than three years
A2 - Establish a new company (limited to conditions)
3
Residence in Italy in 3 ways:
B. Working
B1 – Self-employment
B2 – Intra company – Assignment from affiliated company to Italian company
B3 – Local hiring - Be hired directly by Italy company as local employee
C. Purchase or rent property in Italy
C1- Elective Residence Visa
Immigration to Italy
4
Entrepreneurship Working NoWork
Buy existing
company
Establish a
new company
Self-
Employed
On
Assignment
Local
hiring
1. Buy property
or rent a house
1. Meet the
requirement
Autonomous
work permit
Work permit
- Subordinate work permit
- Blue card Elective
ResidenceVisa
The company
over 3 year
Temporary Work permit
- Max 5 year
Immigration to Italy
5
Entrepreneurship
Buy existing
company
Establish a
new company
A 1. Purchase an Existing company
In order to obtain a Work Permit as “Shareholder/Administrator” of
a purchased company
• Company must be:
- In business for at least 3 years
- Financially in good standing
- Must be an SRL (Ltd) or Spa (inc.)
Immigration to Italy
6
Entrepreneurship
Buy existing
company
Establish a
new company
A 2. Establish a New Company
There are three major kinds of Italian corporations for foreign investors:
• Limited Liability Company (SrL) - The minimum capital required is EUR 10,000.
• Joint Stock/Stock liability Company (SpA) - The minimum capital required is EUR 120,000
• Branches - The foreign parent is responsible for all liabilities of the Italian Branch.
Important Note:
It is not possible to obtain a Work Permit for autonomous work via the establishment of a
NewCo. In this case, the assignment procedures (i.e. ICT work permits) would be the best
option (see next slide).
Immigration to Italy
7
Working
Self-
Employed
On
Assignment
Local
hiring
B. Apply for work permit
B1. Self-Employment – Freelance, Entrepreneurs, Consultants,
and officers of Italian Company
Apply for Autonomous Work permit
Not easy to obtain
B2. Intra company -Transfer of employees from parent
company to Italy company
Work permit: Max 5 years
Employees must remain hired by parent company
Salary: not less than EUR 27,000/year (authorities normally require more)
B3. Local Hiring - Individual hired directly by Italy company as
local employee
Subordinate worker – depending on quota
Blue card, the requirements are:
- 3 years University diploma
- Job contract not less than 1 year
- Salary: Not less than EUR 26,000/year (gross)
C. Purchase or rent property in Italy
C1. Requirement of Elective Residence Visa
• Purchase property or rent a house in Italy
• No limitation for purchasing/rental amount (the higher value, the
better)
• Does not authorize to work in Italy
• Minimum requirement: non-employment income not less than €
31,000/year. With spouse increase additional 20%, with children
increase additional 5%.
• The non-employment income, i.e. rental from property, return from
investment, shares from stock, annuities, pensions and etc.
8
Immigration to Italy
Immigration Process
Step 1
Apply for the Work
Permit (if required)
Step 2
Apply for theVisa
Step 3
Apply for the
Permit of Stay
Step 4
Register
Residency*
9
Italy consulate in
country of residence
Police office of
residence place in Italy
Town hall of residence
place in Italy
*Optional – Grants benefits, such as lower fees on bank accounts, medical expenses etc., but may lead to local taxation
Immigration Office in
Italy
10
QUESTIONS?
MAZZESCHI PRESENTATION

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Investment and immigration to Italy

  • 2. Introduction • Italy is a EU Country, Schengen-State member, and the world’s 8th largest economy, the 5th manufacturing economy worldwide and 2nd in Europe. 2 • Central in Europe • Excellence in the fields of fashion, design, home furnishing, aerospace, robotics, pharmaceutical, biotech and food. MAZZESCHI • Florence (headquarters) • Milan • Rome
  • 3. Immigration to Italy A. Entrepreneurship A1 - Purchase an existing company which is running for more than three years A2 - Establish a new company (limited to conditions) 3 Residence in Italy in 3 ways: B. Working B1 – Self-employment B2 – Intra company – Assignment from affiliated company to Italian company B3 – Local hiring - Be hired directly by Italy company as local employee C. Purchase or rent property in Italy C1- Elective Residence Visa
  • 4. Immigration to Italy 4 Entrepreneurship Working NoWork Buy existing company Establish a new company Self- Employed On Assignment Local hiring 1. Buy property or rent a house 1. Meet the requirement Autonomous work permit Work permit - Subordinate work permit - Blue card Elective ResidenceVisa The company over 3 year Temporary Work permit - Max 5 year
  • 5. Immigration to Italy 5 Entrepreneurship Buy existing company Establish a new company A 1. Purchase an Existing company In order to obtain a Work Permit as “Shareholder/Administrator” of a purchased company • Company must be: - In business for at least 3 years - Financially in good standing - Must be an SRL (Ltd) or Spa (inc.)
  • 6. Immigration to Italy 6 Entrepreneurship Buy existing company Establish a new company A 2. Establish a New Company There are three major kinds of Italian corporations for foreign investors: • Limited Liability Company (SrL) - The minimum capital required is EUR 10,000. • Joint Stock/Stock liability Company (SpA) - The minimum capital required is EUR 120,000 • Branches - The foreign parent is responsible for all liabilities of the Italian Branch. Important Note: It is not possible to obtain a Work Permit for autonomous work via the establishment of a NewCo. In this case, the assignment procedures (i.e. ICT work permits) would be the best option (see next slide).
  • 7. Immigration to Italy 7 Working Self- Employed On Assignment Local hiring B. Apply for work permit B1. Self-Employment – Freelance, Entrepreneurs, Consultants, and officers of Italian Company Apply for Autonomous Work permit Not easy to obtain B2. Intra company -Transfer of employees from parent company to Italy company Work permit: Max 5 years Employees must remain hired by parent company Salary: not less than EUR 27,000/year (authorities normally require more) B3. Local Hiring - Individual hired directly by Italy company as local employee Subordinate worker – depending on quota Blue card, the requirements are: - 3 years University diploma - Job contract not less than 1 year - Salary: Not less than EUR 26,000/year (gross)
  • 8. C. Purchase or rent property in Italy C1. Requirement of Elective Residence Visa • Purchase property or rent a house in Italy • No limitation for purchasing/rental amount (the higher value, the better) • Does not authorize to work in Italy • Minimum requirement: non-employment income not less than € 31,000/year. With spouse increase additional 20%, with children increase additional 5%. • The non-employment income, i.e. rental from property, return from investment, shares from stock, annuities, pensions and etc. 8 Immigration to Italy
  • 9. Immigration Process Step 1 Apply for the Work Permit (if required) Step 2 Apply for theVisa Step 3 Apply for the Permit of Stay Step 4 Register Residency* 9 Italy consulate in country of residence Police office of residence place in Italy Town hall of residence place in Italy *Optional – Grants benefits, such as lower fees on bank accounts, medical expenses etc., but may lead to local taxation Immigration Office in Italy