INVESTMENT GUIDE: Doing business in Italy

INVESTMENT GUIDE Doing business in Italy Investment Guide Updated March 2010 INVESTMENT GUIDE Index 1. Country’s Profile 01 1.1 Political System 01 1.2 The Judiciary – Jurisdictional System 02 1.3 Local Governments 03 1.4 Reforms 03 2. Doing Business in Italy 05 2.1 Background 05 2.2 Starting up a Business in Italy 08 2.3 Notary in Italy 25 3. Italy’s Real Estate Law 27 3.1 Natural and Legal Persons 27 3.2 Property Categories 27 3.3 Possession and Detention of Real Estate 27 3.4 Purchasing Real Estate 29 3.5 Rentals 31 3.6 Business 32 3.7 Investment Funds 33 3.8 Listed Real Estate Investment Companies 33 4.Intellectual and Industrial Property Rights 35 4.1 A SecureSetting for Innovation 35 4.2 International IP Agreements/Treaties Ratified by Italy 35 4.3 Italy’s IP Legislation: Basic Principles 36 4.4 Italy’s IP Legislation: Recent Developments 38 5. Italy’sTax System 41 5.1 Italy’s Tax System Reform 41 5.2 Taxes and Withholdings 41 5.3 Taxation on Corporations Resident in Italy 45 INDEX 5.4Taxation on Non-Resident Corporations - Permanent Establishment 51 5.5 International Agreements/Treaties and Community Directives 52 5.6 Transfer Pricing 54 5.7 Foreign Subsidiaries and Associates 54 5.8 Taxpayer Requirements 55 5.9 Audits and Disputes 56 5.10 Taxation on Individuals 57 5.11 International Accounting Standards (IAS) 59 6. Incentive Programmes 61 6.1 Introduction 61 6.2 Eligible Areas for Incentives 63 6.3 Aid:Beneficiaries and Intensity 64 6.4 Support Measures 66 6.5 Procedures 66 6.6 Incentives 67 7. Italy’s Labour Law 73 7.1 New Flexibility for Employers 73 7.2 Italy’s New Labour Market 73 7.3 Social Security and Assistance System 78 7.4 Compulsory Hiring of Disadvantaged Persons 80 7.5 Workplace Safety 80 7.6 Labour Proceedings 80 8. Living in Italy 81 8.1 Visitors, Work Permits and Residency 81 8.2 Banking Services and Bank Accounts 82 8.3 Healthcare 83 8.4 Schools 84 8.5 Driving License 84 INVESTMENT GUIDE ... - tailieumienphi.vn