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Tax to attract wealthy foreigners

Article 24 bis (Option for substitute tax on income earned abroad by natural persons who transfer their tax residence to Italy) of Italian Law 232/2016, which entered into effect on 1 January 2017, is an extremely interesting law for wealthy foreigners who are interested in moving to Italy.The law provides that foreigners who decide to transfer their residence to Italy may choose to pay a fixed tax of EUR 100,000 per year irrespective of their income level.1. Natural persons who transfer their residence to Italy may opt for application of the s...

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The real estate brokerage contract, what it is and how it works

The real estate brokerage contract is the document through which the mediator acts as intermediary between two parties (intermediate) so that they can conclude an agreement. Let's see, in detail, what are the characteristics and how it works. The real estate brokerage contract establishes the reward for the work done by the mediator, only if the brokered parties actually manage to conclude the contract. The mediator is not bound to the parties by any relationship of collaboration, dependence or representation, he acts as an intermediary betwee...

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House in Borgomezzavalle sold for 1 euro

A project that now travels throughout Italy, is also involving small towns and villages such as a village in the province of Verbano-Cusio-Ossola. Here the first house was sold for 1 euro. The buyer should present the renovation file within two years from the purchase. But there is no obligation to transfer you residence. Within a few months, the municipality will propose a dozen properties as well. The goal of the project is to give life to towns and villages with abandoned properties and with few inhabitants....

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Cannes Film Festival 2018

Cannes Film Festival is one of the oldest and most prestigious film festivals in the world. The event celebrates its 71st year in 2018 with a formation that should bring to the Croisette directors such as Terrence Malick, Lars von Trier, Claire Denis and David Robert Mitchell. This year the program will open with a world drama by Asghar Farhadi in Spanish language "Everybody Knows", with Javier Bardem and Penelope Cruz as principal actors. More than 20 films will compete for the Golden Palm Branch. The 2018 Cannes Film Festival will take pl...

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Bare ownership: what is it and what we should know about it

The bare ownership is generally an investment option for those who aim at the revaluation of the property in a long term, without immediate needs or housing (obviously the house remains available to the usufructuary as long as he is alive), or profitability (buy to rent). There is no doubt that for those who sell this formula satisfies the interest in obtaining liquidity, disinvesting, but without going out of the house and without a need to return received money each month. For those who buy, undoubtedly implies buying at reduced prices waitin...

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Cannes will host MIPIM, the world's leading property market event from 13 to 16 march.

MIPIM, the leading global event in the real estate market, brings together the most influential international agents in many real estate sectors (offices, residential, retail, healthcare, sports, logistics and industry) for 4 days of conferences, transactions and networking events. The public can expand their network of knowledge, make new business and penetrate new markets. It is an important opportunity for exhibitors to present their projects to international partners, boost growth and promote their business....

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Ospedaletti, the version of the new port is ready.

A water basin of 48 thousand square meters, which corresponds to 350 places equivalent of 12 meters, 12 thousand meters of ground for commercial structures, touristic and office spots, a bathing facility with a beach, port for associations, green zones and a new road access, storages of a thousand meters. These are, in short, key elements of the new port in Ospedaletti. Next to the port area, both on western and on eastern sides, there will be fully equipped and maintained free beaches. Compared to the original project, it is a very reduced l...

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Tax advantage for real estate investment in France in 2017.

For tourism residences: tax reduction on energy renovation, facade renovation or adaptation to people with disabilities. Tax reduction that will equal 20% of the works within the limit of 22,000 euros.  The Zero Loan: for those who become owners for the first time. The maximum amount of the Zero Loan can reach 40% of the purchase price of a new accomodation (or old accomodation with 25% of renovation works). Investing in the new building (the Pinel law): tax reduction of 12, 18 or 21% of the purchase price of new housing, in ...

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Monet and Bordighera

"Everything is wonderful, and every day the country is more beautiful, and I'm amazed by the country. Here everything is beautiful and the weather is superb," wrote Claude Monet in 1884 to Parisian friend and gallery artist Durand-Ruel. Many were in Bordighera, where he arrived on January 18 and from there on April 3. Many were in Bordighera, where he arrived on January 18 and from there on April 3. He stayed at the "Pension Anglaise" and stayed 79 days: less than three months representing Monet as an inexhaustible source of inspiration and ...

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Recent change to Italian Land Registry means overseas purchasers can save more when buying in Italy

When you purchase a home in Italy, there are a number of taxes that must be paid on top of the house price. This includes the mortgage tax, which is due to cover the registration of a transfer of ownership on the title deeds, the cadastral tax, covering the update to the Building of Land Register and the registry tax, which confirms the registration of the purchase deed in the Public Registers – this ensures the content of the deed cannot be altered or modified, and must be done within 30 days of completion. Since the beginning of 2014, ...

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