We could setup Italian private foundations and help foreign trusts to operate in Italy. In this area we work intensively with foreign lawyers, tax consultants and family offices, however we could support directly the client if required.
Foreign Trusts in Italy
Foreign trusts are commonly used in Italy to own real estate and assets, among other things. We could provide a wide range of services in our area, suc us register the presence of the trust in Italy without becoming tax resident, purchase real estate, companies and other assets on its behalf, transfer existing assets from another corporate entity to the trust, and vice versa, etc.
Italian Foundations
Italian foundations could be incorporated for a broad range of reasons. They are excellent tax tools, they can get the status of university or academy, they could also apply for a vat number and trade as a traditional company. These benefits are not accesible to anybody, but only for the foundations accepted in a special Public Registry.
This is our job. We not only incorporate the foundations, we also manage the bureaucratic process and the due diligence until the foundation is accepted in the Registry.
Please note that an Italian foundation has almost nothing in common with the tax vehicles used in offshore countries. On the contrary, a foundation is more similar to a joint stock company. In fact they both have limited responsibly and auditing.
You can get more information about Italian foundations and trusts in Italy at Business in Italy Made Simple, our blog. And you can always contact us.
