The business world of Rio de Janeiro, the second largest driver of the Brazilian economy, is keeping an eye on legislation on new residents that provides for a “flat tax”, a reduction in income tax rates of 200 thousand euros for income and goods produced outside Italy.
An opportunity for the Italian tax authorities to capture new consistent inflows from Brazil, where there is a large and economically solid community of Italian descendants, but also a driving force for strategic investments in Italy.
More than 50 entrepreneurs and corporate lawyers, with a packed audience, participated in the “Invest in Italy” initiative (https://www.investinitaly.gov.it) on the special regime, organized by Italian-Brazilian Chamber of Commerce and Industry From the city of Rio de Janeiro, with support from the Consulate General in Rio de Janeiro, and ICE/ITA.
The meeting was an opportunity to clarify doubts about tax regulations, but also about obtaining visas, starting with that of investors, a two-year status for non-EU citizens working on strategic assets in Italy.
“Italy has a very stable political-institutional framework compared to many other countries in the European Union and the political-institutional and macroeconomic stability of a country is one of the main factors in the choice of foreign investors”, highlighted the Consul General of Italy in Rio de Janeiro, Massimiliano Iacchini, when presenting the event.
“The Italian government offers foreign investors a complete support structure, based on Ice’s partner agencies – Italian Trade Agency (Ita) and Invitalia,” recalled Diego Ortiz, from Ice, while the president of the Chamber of Commerce, Renata Novotny, highlighted how the event “provided technical information on the tax regime, clarifying its advantages.” (HANDLE)
FOLLOW ITALIANISM
