Refusal of 70-90% Income Exclusive in Italy, What Netx?

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Anonymous1234

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Dec 24, 2022
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Just wanted to bring to everyones notice that my request has been refused for 70-90%‌ exemption in Italy stating "I did not move to italy with the intention to take‍ the 70-90% exemption of income". I was involved in Research and Development activity and finished⁠ the R&D in 2023 and moved to italy in 2019. Again, I did not make⁤ any income in this period in Italy and now when the time came for commercialization⁣ of the product I am stuck with this huge blow. I have my R &⁢ D in Italy and a business partner based in Italy, hence I moved.
My present︀ situation is that,

1. I would like to move out of italy without creating any︁ problems or trigerring any issue with the tax authorities.
2.I would like to move to︂ either UK, Ireland, Malta (less preferred0 and take advantage of non dom program also I︃ have 2 kids who would start their preschooling.
3. I would like to know if︄ anyone knows if a structure where I pay 0-5% in corporate tax?
4. I have︅ my business partner and R and D in Italy so daily flights would be a︆ plus, ideally within 2hrs and not more.
5. I am expecting capital gains in the︇ next 3-4 years.

Any suggestion or experience of the situation would be very welcome, I︈ would want to stay in the country permanently and want my children to build their︉ life and network in it, I am not really interested in Middle eastern countries as︊ I have lived there and I feel its not best for my children to be︋ exposed to that lifestyle and specially having daughters. I turn 35 in may this year.︌

sorry for excessive information, just wanted everyone to know that the regime can come up︍ with any kind of excuses to refuse of accept what suits them or their objectives.︎
 
having emotional home, family/personal ties and business connections and history in Europe is a sad‌ situation and I'm struggling with this myself
however voluntarily move into European country and thinking‍ about building future for your kids there is a pure insanity
 
boiling frog syndrome from a tax perspective, hell‍ yes. But, still you wont find better quality of life, infrastructure, equal laws , less⁠ corrupt politicians, way less poverty in most parts of europe than anywhere else in the⁤ world. I am sure there are places where you can pay less taxes aand maybe⁣ have a bigger market for your product and a less lazy and entitled population, but⁢ overall still Europe is still balanced as compared to other parts of the world.

I have concluded that places like Dubai/monaco are way more dangerous to build a future than︀ europe will ever be. All the consultants I speak only talk about Dubai without taking︁ into account how dangerous it is geo-politically and close to saudi arabia and yemen.
 
I mean dangerous for children here,‌ from a geopolitical standpoint its still safer than dubai. Although, people are still worried about‍ russia.
 
Close to Saudi Arabia... which is their biggest ally? Close⁤ to Yemen which is constantly weakened by this alliance? Geopolitically you know nothing.

Message is pretty clear, you messed up the paperwork.

If you're sure your profits will be substantial, move to Malta, incorporate company abroad which have︈ special tax for IP (Cyprus probably). Your kids will learn English in 3 years then︉ move on to some other country.
 
Could work well,⁠ I still don't get the the great opposition to Europe and the EU. Apparently there⁤ is no explanation either.
 
Unfortunately these days we need far more exact info about your circumstances to be able‌ to give anything like specific advice. So all you can hope for it general suggestions‍ that may or may not really match your situation. I am not sure what expert⁠ advice you have sought or bought in Italy, but trying to resolve your tax status⁤ in Italy could be way cheaper than setting up structures and safer in the long⁣ run also if you are only setting up international structures for tax minimization. As for⁢ Malta - they can ask you for your entire structure setup and beneficial owners etc︀ etc. As others suggest, if you leave Italy and since you are in a build︁ up phase for your business, then go live in a low tax country for a︂ few years where you can retain most of your profit while keeping your structure as︃ simple as possible. You might have to compromise on quality of life for a couple︄ or few years but you can reap the cash benefits. Just be sure you get︅ expert advice before taking any decisions and understand the implications of R&D done in Italy︆ and partner in Italy - and what that means as you change countries now and︇ into the future. Sorry, but these days there is no quick and easy solution but︈ only general advice.
 
if you‍ want to criticise what I mentioned then please give an alternative which you think is⁠ better than what I mentioned.

you think being close to saudi arabia is good? being close︂ to yemen is good? Kindly enlighten yourself with the number of houthi attacks that have︃ been carried out in UAE and saudi arabia and you will know what I am︄ talking. Definitely a thumbs up for the structure you recommended but definitely not your idea︅ of geopolitics 🙂 .
 
i dont agree with you but respect your opinion

okay then tell me what is good for me if you are⁢ asking me to leave europe

thanks for️ taking the time to write all the details. Trust me when I say this, Italy‌ is best if you have made your money and you are in your late 50's‍ otherwise its hell and kills your drive and motivation to make more. I am still⁠ 34 and with 2 daughters who turn 1 in feb this year. I have made⁤ a decision that I will move out of Italy for sure, just dont know where,⁣ And yes will move my company out too.
 
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