The third sector reform has involved various philanthropic bodies, foundations, cooperatives and associations that are part of the non-profit panorama, which also includes foundations of banking origin, regulated by the Civil Code. For this reason, foundations are considering the need to enroll in the so-called RUNTS, that is the Single National Third Sector Register, establishedRead more

The Canary Islands are said to be a tax haven. As a matter of fact, opening a company in Spain and the Canary Islands is worthwhile for various reasons. The Spanish islands enjoy a tax system for businesses and professionals – REF – the main advantages thereof are: an extremely advantageous tax rate of 15%Read more

Establishing a company in Spain, in cities such as Barcelona, Madrid or the Canary Islands – where the taxation system is particularly favourable – is an easy and convenient financial investment. Spain is a country that exerts a strong attraction for foreign investments due to its tax system and the relative simplicity with which itRead more

 EU countries have a favourable tax regime for workers coming from abroad, or returning to their home country after having been abroad for work. For foreign workers in Spain, and Spanish workers returning from abroad, the favourable tax regime is the Beckham Law.  The Beckham Law is so called because it originates from the EnglishRead more

The revision of VBER, regulating international distribution and sales contracts, concerns the most widespread models of international distribution agreements. The amendments to the regulation mainly concern international online trade. In recent years, the growth of e-commerce and the birth of online trade platforms have exploded. The revision of VBER – the Vertical Block Exemption RegulationRead more

Among the restrictive clauses that can be included in a preliminary or definitive contract for the transfer of company shares, are those regarding non-compete agreements. Non-compete agreements bind the parties to mutually limit their activity, so as not to use: company trade secrets;  carry out customers’ abduction activities;  share confidential information and news about operationsRead more

The war in Ukraine and the sanctions to Russia imply a modification in the economic consequences and juridical relationships between companies, especially regarding the possibility to perform the contractual obligations as per any contracts already stipulated. This situation falls under the category of hardship clauses as a largely unforeseen event. Adverse events can be causedRead more

Tax credits provided for the construction sector involve the deduction of up to 110 percent Italy of taxes. Credit trade or invoice discount can be requested by Italian citizens residing abroad as well as by foreigners, whether or not resident in Italy, who own a property in Italy for residential use, i.e. which is not used forRead more

Formalized international contracts and economic relationships between companies involved in international commercial exchanges are not set in stone. Even when businesses are already operating between a foreign company and an Italian company, any international pacts and agreements signed may vary according to unexpected events. Some of those events might have to do with the increaseRead more

The legal assistance needed in cases of violation of shareholders’ agreements and for attribution of jurisdiction in case of foreign companies with Italian partners has been relevant in the decision of 26 November 2020 n. 26984 of the Court of Cassation, which ruled on the question of jurisdiction raised in the context of a compensationRead more