These are the conditions of reciprocity between Italy and other countries. The condition of reciprocity consists in the possibility that the foreign citizen who is in Italy can enjoy the same civil rights attributed to the Italian citizen, but this only if the Italian citizen can, in the State from which the foreign citizen comes, enjoy the same rights.
Please note that for those countries with which certain provisions are in force categories of international agreements (reference is made, by way of example, to agreements of regulation of international investments, establishment agreements, treaties friendship, and commerce), the matter of real estate purchases and the incorporation or corporate participation, as far as contemplated therein, is independent of verification of the condition of reciprocity under article 16 of the Preleggi, without prejudice to the exceptions expressly indicated in the individual Country sheets.
List Of Countries In Alphabetical Order:
AFGHANISTAN
REAL ESTATE PURCHASES: The reciprocity condition for the purchase of land is not verified
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY: The reciprocity condition is verified
The condition of reciprocity for the assumption of corporate positions is verified
ALBANIA
Agreements in force with Albania: AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Rome on 12.09.1991
Entered into force on 01.29.1996
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES ON INCOME AND ASSETS AND TO PREVENT TAX EVASION, WITH PROTOCOL
Signed in Tirana on 12.12.1994
Entered into force on 12.21.1999
ALGERIA
Agreements in force with Algeria: ITALIAN-FRENCH CONVENTION ON MUTUAL LEGAL ASSISTANCE AND ON THE ISSUANCE OF CIVIL STATUS DOCUMENTS
Signed in Rome on 12.01.1955
THE AGREEMENT HAS NOT BEEN FORMALLY RETURNED INTO FORCE FROM ALGERIA AFTER INDEPENDENCE, BUT IT IS EQUALLY APPLIED BETWEEN THE TWO COUNTRIES AGREEMENT TO AVOID DOUBLE TAXATION ON DERIVING INCOME FROM THE OPERATION OF AIR NAVIGATION.
Signed in Algiers on 24.02.1977
Entered into force on 12.23.1982
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES ON INCOME AND ASSETS AND TO PREVENT EVASION AND FRAUD TAX, WITH PROTOCOL
Signed in Algiers on 02.03.1991
Entered into force on 06.30.1995
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Algiers on 18.05.1991
Entered into force on 11.26.1993
EXCHANGE OF LETTERS REGARDING THE PROMOTION AGREEMENT AND INVESTMENT PROTECTION OF 18.05.1991
Signed in Algiers on 07.28.1991
Entered into force on 11.26.1993
ANDORRA (Principality)
REAL ESTATE PURCHASES: The reciprocity condition is not verified. However, it should be noted that the purchase of land of a maximum of 1000 m2 on which to build a house is permitted whose size cannot exceed 33% of the land and that any purchase of a property, building, house, or land must still be authorized by the Government and communicated to the Municipality where the property is located for the payment of local taxes.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY
The reciprocity condition is verified under the following conditions:
- 2/3 of the capital must be Andorran or foreigners who have lived in Andorra for over 20 years;
- the main roles must be attributed to the majority of the capital;
- the statutes and authorizations must be drawn up only in the Catalan language;
- the initial capital must be fully subscribed and paid.
Social security contributions are 13% paid by the employer and 5 to 9% by the employer;
The cost of creating a company amounts to approximately 1,230 Euros for Spas, and 100 Euros for LLCs.
There are no direct taxes on business profits, or taxes on individuals.
ANGOLA
REAL ESTATE PURCHASES: The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY: The reciprocity condition is verified.
NETHERLANDS ANTILLES
REAL ESTATE PURCHASES: The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY: The reciprocity condition is verified.
SAUDI ARABIA
Agreements in force with Saudi Arabia: AGREEMENT TO AVOID DOUBLE TAXATION ON INCOME AND ASSETS RESULTING FROM THE OPERATION OF AIR NAVIGATION.
Signed in Riyadh on 24.11.1985
Entered into force on 08.11.1989
AGREEMENT ON THE MUTUAL PROMOTION AND PROTECTION OF INVESTMENTS, WITH PROTOCOL
Signed in Jeddah on 10.09.1996
Entered into force on 05.22.1998
ARGENTINA
Agreements in force with Argentina:
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES ON INCOME AND ASSETS AND TO PREVENT TAX EVASION, WITH PROTOCOL
Signed in Rome on 11.15.1979
Entered into force on 12.15.1983
CONVENTION ON LEGAL ASSISTANCE, RECOGNITION AND EXECUTION OF SENTENCES IN CIVIL MATTERS
Signed in Rome on 09.12.1987
Entered into force on 01.07.1990
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH ADDITIONAL PROTOCOL
Signed in Buenos Aires on 05.22.1990
Entered into force on 10.14.1993
PROTOCOL AMENDING THE CONVENTION SIGNED ON 15.11.1979 TO AVOID DOUBLE TAXATION ABOUT INCOME TAXES ON ASSETS AND TO PREVENT TAX EVASION
Signed in Bologna on 03.12.1997
Entered into force on 03.14.2001
MEMORANDUM ON COOPERATION FOR SMALL AND MEDIUM ENTERPRISES BETWEEN RESPECTIVE MINISTRIES OF INDUSTRY
Signed in Washington on 04.17.2002
Entered into force on 04.17.2002
FRAMEWORK AGREEMENT CONCERNING THE SUSTAINABLE DEVELOPMENT OF SMALL AND MEDIUM BUSINESSES IN ARGENTINA, WITH ANNEXES
Signed in Buenos Aires on 23.10.2002
Entered into force on 10.23.2002
Assumption of corporate offices in local law companies
According to the provisions of Argentine corporate law, citizens and foreigners not resident in Argentina can generally assume corporate positions in a joint-stock company under local law, even if they are not shareholders. However, the aforementioned legislation establishes that the majority of the members of the Board of Administration must be residents of Argentina. The same regime is also adopted as regards the residence of the directors of the Liability Company Limited.
ARMENIA
Agreements in force with Armenia: AGREEMENT ON THE PROMOTION AND MUTUAL PROTECTION OF INVESTMENTS, WITH PROTOCOL
Signed in Rome on 07.23.1998
Entered into force on 13.01.2003
AUSTRALIA
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY: The reciprocity condition is verified.
Agreements in force with Australia: EMIGRATION AND ESTABLISHMENT AGREEMENT
Signed at Canberra on 26.09.1967
Entered into force on 07.08.1971
ITALIAN-BRITISH CONVENTION FOR LEGAL ASSISTANCE IN THE CIVIL AND COMMERCIAL MATTER
Signed in London on 17.12.1930
Entered into force on 06.07.1932
EXTENDED TO AUSTRALIA ON 09.11.1933
RETURNED INTO FORCE WITH NOTE OF 13.03.1948 – GU N. 217 OF 17.09.1948.
AGREEMENT TO AVOID DOUBLE TAXATION ON DERIVING INCOME FROM THE OPERATION OF INTERNATIONAL AIR TRANSPORT
Signed in Canberra on 13.04.1972
Entered into force on 04.09.1976
AZERBAIJAN
Agreements in force with Azerbaijan: AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH PROTOCOL
Signed in Rome on 09.25.1997
Entered into force on 02.04.2000
BAHAMAS
REAL ESTATE PURCHASES: The condition of reciprocity for the natural person is verified.
Regarding the condition of reciprocity for legal entities:
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
1. The condition of reciprocity for the natural person is verified;
2. the condition of reciprocity for the legal person is verified provided that it does not have interests in real estate located in Italy, except through the holding or leasing of property for office use.
BAHRAIN
REAL ESTATE PURCHASES: Data under verification
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY: The reciprocity condition is verified.
BANGLADESH
Agreements in force with Bangladesh: CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES ON INCOME AND TO PREVENT TAX EVASION, WITH PROTOCOL
Signed in Rome on 03.20.1990
Entered into force on 07.07.1996
AGREEMENT FOR THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH PROTOCOL
Signed in Rome on 03.20.1990
Entered into force 09.20.1994
BARBADOS
Agreements in force with Barbados: AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH PROTOCOL
Signed at Bridgetown on 25.10.1995
Entered into force on 07.21.1997
BELIZE
REAL ESTATE PURCHASES: The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY: The reciprocity condition is verified.
BENIN
REAL ESTATE PURCHASES: DATE NOT AVAILABLE.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY: The reciprocity condition is verified.
BELARUS
Agreements in force with Belarus: AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH PROTOCOL
The reciprocity condition for the purchase of real estate has not been verified
Signed in Minsk on 07.25.1995
Entered into force on 12.08.1997
BOLIVIA
Agreements in force with Bolivia: AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH ADDITIONAL PROTOCOL
Signed in Rome on 04.30.1990
Entered into force 02.22.1992
BOSNIA HERZEGOVINA
Agreements in force with Bosnia and Herzegovina: AGREEMENT ON THE MUTUAL PROMOTION AND PROTECTION OF INVESTMENTS, WITH PROTOCOL
Signed in Ancona on 05.19.2000
Entered into force on 10.02.2005
BRAZIL
REAL ESTATE PURCHASES: The reciprocity condition is verified
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY: The reciprocity condition is verified
To take on corporate roles, residence in Italy is required.
Agreements in force with Brazil: AGREEMENT TO AVOID DOUBLE TAXATION AND PREVENT EVASION TAX RELATING TO INCOME TAXES
Signed in Rome on 03.10.1978
Entered into force on 04.24.1981
TREATY RELATING TO LEGAL ASSISTANCE FOR RECOGNITION ED TO THE EXECUTION OF SENTENCES IN CIVIL MATTERS
Signed in Rome on 10.17.1989
Entered into force on 01.06.1995
BULGARIA
Following Bulgaria’s accession to the European Union, starting from 1 January 2007 it is no longer necessary to ascertain the conditions of reciprocity under article 16 of the Prelaws, and vice versa applying the principles and rules of the community legal system, the national legislation implementing community law.
Agreements in force with Bulgaria:
CONVENTION INTENDED TO AVOID DOUBLE TAXATION ABOUT INCOME AND PROPERTY TAXES AND TO PREVENT TAX EVASION, WITH ATTACHED AGREEMENT PROTOCOL
Signed in Sofia on 21.09.1988
Entered into force on 10.06.1991
AGREEMENT RELATING TO THE MUTUAL PROMOTION AND PROTECTION OF INVESTMENTS, WITH PROTOCOL
Signed in Rome on 05.12.1988
Entered into force on 12.27.1990
AGREEMENT FOR LEGAL ASSISTANCE AND RECOGNITION OF THE EXECUTION OF SENTENCES IN CIVIL MATTERS
Signed in Rome on 05.18.1990
Entered into force on 01.04.1994
BURKINA FASO
REAL ESTATE PURCHASES: The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY: The reciprocity condition is verified.
BURUNDI
REAL ESTATE PURCHASES: The reciprocity condition is not verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY: The reciprocity condition is verified.
CAMEROON
Agreements in force with Cameroon: AGREEMENT ON THE PROMOTION AND MUTUAL PROTECTION OF INVESTMENTS
Signed in Yaoundè on 29.06.1999
Entered into force on 01.04.2004
CANADA
REAL ESTATE PURCHASES (look HERE for our updated article version about Canadians buying homes in Italy):
1. The condition of reciprocity for the purchase of buildings is verified, while for how much concerning the purchase of agricultural land, the following conditions are envisaged:
For the provinces of British Columbia, New Brunswick, Newfoundland, Nova Scotia, and Ontario the reciprocity condition is verified
For the Province of Alberta, the reciprocity condition for the purchase of land is verified with a maximum total area of 20 acres (approx. 8 hectares);
For the Province of Manitoba the reciprocity condition for the purchase of lands with a maximum total area of 40 acres (approx. 16 hectares);
For the Province of Quebec, the reciprocity condition is not verified;
For the Province of Prince Edward Island, the reciprocity condition is verified for the purchase of land with a maximum total area of 5 acres;
For the province of Saskatchewan, the reciprocity condition for the purchase is verified for lands with a maximum total area of 10 acres;
For the provinces of the Northwest Territories, Nunavut, and Yukon, the condition of reciprocity is not met for the purchase of land.
2. The condition of reciprocity is verified for purchases free of charge and with inter-deeds vivos that mortis causes.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
1. The condition of reciprocity is verified in all economic sectors except this one financial where the law provides limits on foreign share ownership;
2. corporate offices can be held by foreigners who cannot in any case hold the majority on the Board of Directors.
Agreements in force with Canada:
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES ON INCOME AND TO PREVENT TAX EVASION
Signed in Toronto on 11.17.1977
Entered into force on 01.01.1980
UPON ITS ENTRY INTO FORCE THE CONVENTION REPEALED THE AGREEMENTS OF DOUBLE TAXATION OF 03.29.1932 AND 10.29.1974. SEE PROTOCOL OF AMENDMENT OF 03.20.1989.
PROTOCOL AMENDMENTS TO THE CONVENTION TO AVOID THE DOUBLE TAXATION REGARDING INCOME TAXES AND PREVENTING THE TAX EVASIONS OF 17.11.1977
Signed in Ottawa on 03.20.1989
Entered into force on 02.22.1994
CAPE VERDE
REAL ESTATE PURCHASES: The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY: The reciprocity condition is verified.
CZECH REPUBLIC
Following the accession of the Czech Republic to the European Union, starting from May 1st, 2004 it is no longer necessary to ascertain the conditions of reciprocity under article 16 of the Pre-Laws, with the principles and rules of the community legal system applying vice versa and the national legislation implementing community law.
Agreements in force with the Czech Republic:
CONVENTION ON THE ENFORCEMENT OF JUDGMENTS IN CIVIL AND COMMERCIAL
Signed in Rome on 04/06/1922
Entered into force on 05/31/1926
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES ON INCOME AND PREVENT TAX EVASION, WITH PROTOCOL
Signed in Prague on 5-5-1981
Entered into force on 06.26.1984
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Rome on 01-22-1996
Entered into force on 11-1-1997
CHAD
Agreements in force with Chad:
AGREEMENT TO PROTECT AND PROMOTE CAPITAL INVESTMENTS, WITH ADDITIONAL PROTOCOL
Signed in Rome on 11.06.1969
Entered into force on 11.06.1969
CHILE
Agreements in force with Chile:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH PROTOCOL
Signed in Santiago de Chile on 08.03.1993
Entered into force on 02.08.1995
CHINA
Agreements in force with China:
AGREEMENT FOR THE PROMOTION AND MUTUAL PROTECTION OF INVESTMENTS, WITH PROTOCOL
Signed in Rome on 01.28.1985
Entered into force on 08.28.1987
AGREEMENT TO AVOID DOUBLE TAXATION AND PREVENT EVASION TAX RELATING TO INCOME TAXES, WITH ADDITIONAL PROTOCOL
Signed in Beijing on 31.10.1986
Entered into force on 12.13.1990
TREATY FOR LEGAL ASSISTANCE IN CIVIL MATTERS, WITH ANNEXES
Signed in Beijing on 05.20.1991
Entered into force on 01.01.1995
AGREEMENT FOR THE PROMOTION AND PROTECTION OF INVESTMENTS ENTERED INTO WITH THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF CHINA
Signed in Rome on 28.11.1995
Entered into force on 02.02.1998
CYPRUS
Following the accession of Cyprus to the European Union, starting from 1 May 2004 there will be no makes it more necessary to ascertain the conditions of reciprocity under Article 16 of Pre-law, applying vice versa the principles and rules of the community legal system and the national legislation implementing community law.
Agreements in force with Cyprus:
AGREEMENT TO AVOID DOUBLE TAXATION AND PREVENT EVASION TAX RELATING TO INCOME TAXES, WITH PROTOCOL
Signed in NICOSIA 04.24.1974
Entered into force on 06.09.1983.
RETROACTIVELY FROM 01.01.1970
PROTOCOL AMENDING THE CONVENTION TO AVOID DOUBLES TAXATIONS AND PREVENTING TAX EVASION REGARDING PRODUCT TAXES INCOME OF 04.24.1974
Signed in NICOSIA 07.10.1980
Entered into force on 06.09.1983
COLOMBIA
REAL ESTATE PURCHASES: The reciprocity condition is verified
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
1. The condition of reciprocity is verified with the following exceptions and limitations:
a) the condition of reciprocity in public services and the sectors of treatment of toxic waste and non-renewable natural resources;
b) the condition of reciprocity is verified in financial institutions with a participation foreign not exceeding 10%;
2. the condition of reciprocity, without limitation, for the assumption of offices is verified social.
Agreements in force with Colombia:
AGREEMENT TO AVOID DOUBLE TAXATION ON INCOME AND PROFIT ASSETS RELATING TO THE OPERATION OF MARITIME AND AIR NAVIGATION, WITH EXCHANGE OF NOTES
Signed in Bogotá on 12.21.1979
Entered into force on 09.10.1987
REPUBLIC OF CONGO
Agreements in force with the Republic of Congo:
AGREEMENT FOR THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Brazzaville on 17.03.1994
Entered into force on 10.01.2003
DEMOCRATIC REPUBLIC OF CONGO
REAL ESTATE PURCHASES: The reciprocity condition is not verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
1. The reciprocity condition is verified;
2. the condition of reciprocity is verified about corporate positions, except for the residency requirement for the Sole Director and the CEO.
SOUTH KOREA
Agreements in force with Korea:
AGREEMENT ON THE MUTUAL PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Seoul on 10.01.1989
Entered into force on 06.25.1992
AGREEMENT TO AVOID DOUBLE TAXATION AND PREVENT TAX EVASION REGARDING INCOME TAXES, WITH PROTOCOL
Signed in Seoul on 10.01.1989
Entered into force on 07.14.1992
JOINT STATEMENT ON SMALL AND MEDIUM ENTERPRISES
Signed in Rome on 03.03.2000
Entered into force on 03.03.2000
MEMORANDUM OF UNDERSTANDING ON THE SUPPORT AND DEVELOPMENT OF SMALL AND MEDIUM BUSINESSES
Signed in Seoul on 07.20.2000
Entered into force on 07.20.2000
IVORY COAST
REAL ESTATE PURCHASES: The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY: The reciprocity condition is verified.
Agreements in force with Côte d’Ivoire:
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES ON INCOME AND TO PREVENT TAX EVASION, WITH PROTOCOL EXCHANGE OF NOTES
Signed in Abidjan on 07.30.1982
Entered into force on 05.15.1987
COSTA RICA
REAL ESTATE PURCHASES: The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY: The reciprocity condition is verified.
CROATIA
Agreements in force with Croatia:
CONVENTION FOR MUTUAL LEGAL ASSISTANCE IN CIVIL MATTERS AND ADMINISTRATIVE
Signed in Rome on 03.12.1960
Entered into force on 19.01.1967
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS (*)
Signed in Zagreb on 05.11.1996
Entered into force on 12.06.1998
(*) If its application encounters difficulties on the Croatian side, considering that the Croatian legal system allows the purchase of real estate by foreigners and the Croatian authorities have clarified the purely procedural nature of the authorizations provided therein, access to real estate in Italy by citizens Croats is still allowed.
MEMORANDUM OF UNDERSTANDING ON COOPERATION IN THE SMALL SECTOR AND MEDIUM BUSINESSES
Signed in Zagreb on 25.3.2003
Entered into force on 15.3.2004
CUBA
Agreements in force with Cuba:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH PROTOCOL AND EXCHANGE OF LETTERS
Signed in Rome on 05.07.1993
Entered into force on 08.23.1995
DOMINICAN REPUBLIC
REAL ESTATE PURCHASES:
1. The reciprocity condition for the purchase of a first property which does not exceeds a surface area of 2,000 m2;
2. the condition of reciprocity is verified, even for subsequent purchases, if made by part of:
– spouse of a Dominican citizen and parent of a child born in the Republic Dominican;
– commercial banks, financial institutions, or foreign credit institutions legally established in the country;
– companies, societies, or associations established or established in the country, but on the condition that the foreign share not exceed 49%;
– those who purchase through usucaption or hereditary succession.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The condition of reciprocity is verified, with the participation of foreign capital up to 100%, in all sectors except tourism, finance, and agriculture, where it is foreign participation of no more than 49% is permitted;
ECUADOR
Agreements in force with Ecuador:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH ADDITIONAL PROTOCOL
Signed in Rome on 25.10.2001
Entered into force on 02.01.2005
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES ON INCOME AND ASSETS AND TO PREVENT TAX EVASION, WITH PROTOCOL
Signed in Quito on 05.23.1984
Entered into force on 02.01.1990
EGYPT
Agreements in force with Egypt:
CONVENTION ON SERVICE OF DOCUMENTS, ON COMMISSIONS ROGATORY LETTERS AND ON JUDICIAL COLLABORATION AND LEGAL STUDIES IN CIVIL, COMMERCIAL, AND STATE MATTERS OF PEOPLE
Signed in Rome on 02.04.1974
Entered into force on 03.03.1978
CONVENTION ON THE RECOGNITION AND ENFORCEMENT OF JUDGMENTS IN CIVIL AND COMMERCIAL MATTERS AND STATUS OF PEOPLE
Signed in Cairo on 03.12.1977
Entered into force on 30.10.1981
CONVENTION AGAINST DOUBLE TAXATION REGARDING PRODUCT TAX INCOME AND TO PREVENT TAX EVASION
Signed in Rome on 05.07.1979
Entered into force on 04.28.1982
AGREEMENT FOR THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH PROTOCOL
Signed in Cairo on 02.03.1989
Entered into force on 01.05.1994
MEMORANDUM OF UNDERSTANDING FOR SUPPORT FOR SMALL AND MEDIUM EGYPTIAN ENTERPRISES
Signed in Cairo on 01.03.1998
Entered into force on 05.18.1999
EXCHANGE OF LETTERS RELATING TO THE DEVELOPMENT CREDIT LINE FOR SMALL AND MEDIUM ENTERPRISES, WHICH AMENDMENT TO THE PROTOCOL OF IMPLEMENTATION IN THE FRAMEWORK OF THE PROGRAM FOR SUPPORT FOR SMALL EGYPTIAN ENTREPRENEURSHIP MEDIA OF 01.03.1998
Signed in Cairo on 05.10.2000 – 17.10.2000
Entered into force on 10.17.2000
EL SALVADOR
REAL ESTATE PURCHASES: The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY: The reciprocity condition is verified.
UNITED ARAB EMIRATES (UAE)
Agreements in force with the United Arab Emirates: CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES ON INCOME AND TO PREVENT TAX EVASION, WITH PROTOCOL ADDITIONAL
Signed in Abu Dhabi on 21.01.1995
Entered into force on 05.11.1997
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH PROTOCOL
Signed in Abu Dhabi on 22.01.1995
Entered into force on 04.29.1997
ERITREA
Agreements in force with Eritrea: AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH PROTOCOL
Signed in Rome on 02.06.1996
Entered into force on 07.14.2003
SEE THE EXCHANGE OF LETTERS SUPPLEMENTING THE ART. 3 OF 20.04/26.04.1999.
ESTONIA
Following Estonia’s accession to the European Union, starting from 1 May 2004 it becomes no more necessary to ascertain the conditions of reciprocity under article 16 of Pre-law, applying vice versa the principles and rules of the community legal system and the national legislation implementing community law.
Agreements in force with Estonia:
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES ON INCOME AND TO PREVENT TAX EVASION, WITH PROTOCOL ADDITIONAL
Signed in ROME 03.20.1997
Entered into force on 02.22.2000
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH PROTOCOL
Signed in Rome on 03.20.1997.
Entered into force on 05.09.2000
ETHIOPIA
Agreements in force with Ethiopia:
AGREEMENT TO AVOID DOUBLE TAXATION ON DERIVING INCOME FROM THE OPERATION OF AIR NAVIGATION
Signed in Addis Ababa on 25.11.1971
Entered into force on 10.20.1976
AGREEMENT FOR THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH PROTOCOL
Signed in Addis Ababa on 23.12.1994
Entered into force on 08.05.1997
PHILIPPINES
Agreements in force with the Philippines:
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES ON INCOME AND TO PREVENT TAX EVASION, WITH ADDITIONAL PROTOCOL
Signed in Rome on 05.12.1980
Entered into force on 15.06.1990
AGREEMENT RELATING TO THE PROMOTION AND MUTUAL PROTECTION OF INVESTMENTS, WITH PROTOCOL
Signed in Rome on 17.06.1988
Entered into force on 04.11.1993
MEMORANDUM OF UNDERSTANDING COOPERATION BETWEEN SMALL AND MEDIUM BUSINESSES
Signed in Manila on 21.10.1997
Entered into force on 02.19.1998
GABON
Agreements in force with Gabon:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH PROTOCOL
Signed in Libreville on 28.06.1999
Entered into force on 07.07.2006
GEORGIA
Agreements in force with Georgia:
AGREEMENT ON THE PROMOTION AND MUTUAL PROTECTION OF
INVESTMENTS, WITH PROTOCOL
Signed in Rome on 05.15.1997
Entered into force on 07.26.1999
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES ON INCOME AND ASSETS AND TO PREVENT TAX EVASION, WITH PROTOCOL
Signed in Rome on 31.10.2000
Entered into force on 19.2.2004
GHANA
REAL ESTATE PURCHASES:
1. The condition of reciprocity for the natural person is not verified;
2. the reciprocity condition for the purchase of a real estate property is verified
of the capital of a company, registered in Italy, even if the purchase is made with the capital of a foreigner.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
Agreements in force with Ghana:
AGREEMENT TO AVOID DOUBLE TAXATION ON DERIVING INCOME
FROM THE OPERATION OF SEA AND AIR NAVIGATION
Signed in Accra on 23.08.1968
Entered into force on 03.24.1977
SEE EXCHANGE OF NOTES OF 06.30.1972 FOR RETROACTIVITY TO 01.01.1961 OF
THIS AGREEMENT
JAMAICA
Agreements in force with Jamaica
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed at Kingston on 29.09.1993
Entered into force on 09.11.1995
JAPAN
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
Agreements in force with Japan:
EXCHANGE OF NOTES FOR MUTUAL LEGAL ASSISTANCE IN THE CIVIL AND CRIMINAL MATTERS
Signed in Tokyo on 05.10.1937
RESTORED IN FORCE AFTER THE WAR WITH EXCHANGE OF NOTES OF 23.06.195 (OJ
N. 170 OF 07.28.1954)
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME
Signed in Tokyo on 03.20.1969
Entered into force on 02.15.1973
PROTOCOL AMENDING THE CONVENTION OF 03.20.1969 FOR
AVOID DOUBLE TAXATION ABOUT INCOME TAXES
Signed in Rome on 02.14.1980
Entered into force on 01.28.1982
GIBRALTAR
REAL ESTATE PURCHASES:
The condition of reciprocity is verified (art. 299 paragraph 4 of the EC Treaty).
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The condition of reciprocity is verified (art. 299 paragraph 4 of the EC Treaty).
JORDAN
Agreements in force with Jordan:
AGREEMENT TO AVOID DOUBLE TAXATION ON DERIVED INCOME
FROM THE EXERCISE OF MARITIME NAVIGATION
Signed in Amman on 02.09.1970
Entered into force on 06.07.1977
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Amman on 07.21.1996
Entered into force on 17.01.2000
EXCHANGE OF LETTERS CONCERNING AN INTEGRATED SUPPORT PROGRAM
TO THE SMALL AND MEDIUM BUSINESS GIORDANA, WITH ANNEX RELATING TO
CREDIT LINE TO SUPPORT THE PROMOTION OF INVESTMENTS IN
JORDAN (AID 6182)
Signed in Amman on 30.09.2001
Entered into force on 09.30.2001
GUATEMALA
REAL ESTATE PURCHASES:
The condition of reciprocity is verified with the exclusion of properties located along the strip
territorial border, for a width of 15 km, and along the coastal strip, for one
3 km wide.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The condition of reciprocity is verified with the only limitation that in SPAs i
members of the Board of Directors or the Sole Director, if foreign, are
residents in Italy.
GUINEA
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is not verified.
Agreements in force with Guinea:
AGREEMENT TO FACILITATE CAPITAL INVESTMENTS
Signed in Rome on 02.20.1964
Entered into force on 02.20.1964
HAITI
REAL ESTATE PURCHASES:
The reciprocity condition is not verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
HONDURAS
REAL ESTATE PURCHASES:
1) the condition of reciprocity is verified, without limitations, in areas other than those
indicated in point 2;
2) the reciprocity condition is verified limited to a single urban asset intended for
residential use in border areas, sea coasts and islands;
3) the condition of reciprocity is not verified with regard to land in the areas of
border, on the sea coasts and on the islands.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
HONG KONG
Agreements in force with HONG KONG
AGREEMENT FOR THE PROMOTION AND PROTECTION OF INVESTMENTS
ENTERED INTO WITH THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF
PEOPLE’S REPUBLIC OF CHINA
Signed in Rome on 28.11.1995
Entered into force on 02.02.1998
INDIA
Agreements in force with India:
AGREEMENT TO AVOID DOUBLE TAXATION AND TO PREVENT
TAX EVASION REGARDING INCOME TAXES, WITH PROTOCOL
ADDITIONAL
Signed in New Delhi on 19.02.1993
Entered into force on 11.23.1995
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Rome on 23.11.1995
Entered into force on 03.26.1998
MEMORANDUM OF UNDERSTANDING FOR THE DEVELOPMENT OF SMALL AND MEDIUM ENTERPRISES
Signed in New Delhi on 06.01.1998
Entered into force on 06.01.1998
MEMORANDUM OF UNDERSTANDING ON SMALL AND MEDIUM ENTERPRISES
Signed in New Delhi on 17.10.2000
Entered into force on 10.17.2000
INDONESIA
Agreements in force with Indonesia:
AGREEMENT FOR THE AVOIDANCE OF DOUBLE TAXATION REGARDING PRODUCT TAXES
INCOME AND TO PREVENT TAX EVASION, WITH PROTOCOL
Signed in Jakarta on 18.02.1990
Entered into force on 02.09.1995
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Rome on 04.25.1991
Entered into force on 06.24.1995
MEMORANDUM OF UNDERSTANDING ON COOPERATION BETWEEN SMALL AND MEDIUM SITES
BUSINESSES
Signed in Jakarta on 08.10.1998
Entered into force on 08.10.1998
IRAN
Agreements in force with Iran:
AGREEMENT ON THE MUTUAL PROMOTION AND PROTECTION OF
INVESTMENTS, WITH PROTOCOL
Signed in Rome on 10.03.1999
Entered into force on 08.08.2003
IRAQ
REAL ESTATE PURCHASES:
In principle, the condition of reciprocity is not verified with the exception of one
Kurdistan region.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
ISRAEL (including the Territories administered by the Palestinian Authority)
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
Agreements in force with Israel:
ASSUMPTION OF CORPORATE OFFICES IN LOCAL LAW COMPANIES
The reciprocity condition is verified
AGREEMENT TO AVOID DOUBLE TAXATION ON DERIVING INCOME
FROM THE OPERATION OF AIR AND SEA NAVIGATION
Signed in Tel Aviv on 10.06.1955
Entered into force on 06.25.1957
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND ASSETS AND TO PREVENT TAX EVASION, WITH
ADDITIONAL PROTOCOL
Signed in Rome on 08.09.1995
Entered into force on 06.08.1998
ISLE OF MAN
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
BRITISH VIRGIN ISLANDS
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
CHANNEL OR NORMAN ISLANDS
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
KAZAKHSTAN
The following agreements apply with Kazakhstan:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH
PROTOCOL
Signed in Rome on 09.22.1994
Entered into force on 12.07.1996
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND TO PREVENT TAX EVASION, WITH PROTOCOL E
EXCHANGE OF NOTES
Signed in Rome on 09.22.1994
Entered into force on 02.26.1997
KENYA
Agreements in force with Kenya:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS
WITH PROTOCOL
Signed in Rome on 16.09.1996
Entered into force on 04.08.1999
KYRGYZSTAN
REAL ESTATE PURCHASES:
Individual investors:
The reciprocity condition for the purchase of commercial and industrial properties is verified;
regarding the purchase of residential property and land by citizens
foreigners the condition of reciprocity is not formally verified, as it is necessary
an authorization; however, please note that the same is easily granted by demonstrating
that the purchase of the residence is for personal housing purposes.
The reciprocity condition for the purchase of residential properties for the purpose is not met
speculative (the problem can however be overcome with the establishment of a legal company
kyrgyzo, which can also be 100% owned by a foreign citizen);
The reciprocity condition for the purchase of agricultural land is not verified.
Real estate investments by companies:
Investment activities follow different disciplines:
Companies with minority foreign capital (less than 30%): they are equivalent to
local investors. They can purchase land and buildings of any kind. How long
concerns commercial and industrial land, the purchase can be for permanent use or
with 99 year lease. Generally speaking, when you buy from private individuals you don’t need it
of any additional approval beyond the normal permits, to which all are subject
company (registration, notarial deed, land register, building permits, etc.). When
you purchase from public bodies (state, municipality) the limitations (rental for 99 years)
they generally concern the land only, keeping the building area on which it stands separate
the building (in permanent use) from the surrounding area, which is instead rented.
Companies with majority foreign capital:
foreigners can also own 100% of local companies, with the exception of a few
sectors. There are no restrictions on investments, they can purchase buildings (for purposes
residential-civil and industrial) and industrial and residential land (for land the maximum rental period is 49 years). Instead, they need special permissions to
as regards agricultural land, which, however, is not granted for periods
over 49 years of renewable rent.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY
The condition of reciprocity for the establishment of legal persons is verified, as well
branches and representations.
There are no preclusions to the possibility of holding corporate positions.
KUWAIT
Agreements in force with Kuwait:
AGREEMENT FOR THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH
PROTOCOL
Signed in Rome on 17.12.1987
Entered into force on 05.21.1990
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND TO PREVENT TAX EVASION, WITH PROTOCOL
ADDITIONAL AND CORRECTION PROTOCOL OF 12.15.1989
Signed in Rome on 17.12.1987
Entered into force on 11.01.1993
PROTOCOL TO AMEND THE CONVENTION TO AVOID DOUBLES
TAXES REGARDING INCOME TAXES AND TO PREVENT THE
TAX EVASIONS OF 12.17.1987
Signed in Kuwait City on 17.03.1998
Entered into force on 04.25.2000
This Protocol constitutes an integral part of the Convention and will remain in force until
how long will the agreement remain in force
AGREEMENT ON JUDICIAL COOPERATION, RECOGNITION E
THE EXECUTION OF SENTENCES IN CIVIL MATTERS
Signed in Kuwait City on 11.12.2002
Entered into force on 12.21.2004
LAOS
REAL ESTATE PURCHASES:
The reciprocity condition is not verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
1. The reciprocity condition is verified;
2. the condition of reciprocity for the assumption of the roles of Director is verified
Sole, member of the Board of Directors and Chief Executive Officer.
LATVIA
Following Latvia’s accession to the European Union, starting from 1 May 2004
it is no longer necessary to ascertain the conditions of reciprocity under article 16
of the Prelaws, vice versa applying the principles and rules of the community legal system e
the national legislation implementing community law.
Agreements in force with Latvia:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH
PROTOCOL
Signed in RIGA 05.21.1997
Entered into force on 02.03.1999
MEMORANDUM OF UNDERSTANDING ON COOPERATION ON SMALL E
MEDIUM BUSINESSES.
Signed in RIGA 12.11.2002
Entered into force on 04.30.2003
LEBANON
Agreements in force with Lebanon:
AGREEMENT TO AVOID DOUBLE TAXATION OF INCOME
RESULTING OF THE OPERATION OF SEA AND AIR NAVIGATION
Signed in Beirut on 06.09.1966
Entered into force on 01.08.1968
CONVENTION ON MUTUAL LEGAL ASSISTANCE IN THE MATTER
CIVIL, COMMERCIAL AND CRIMINAL, TO THE EXECUTION OF SENTENCES AND SENTENCES
ARBITRATION AND EXTRADITION DECISIONS
Signed in Beirut on 10.07.1970
Entered into force on 05.17.1975
AGREEMENT ON THE MUTUAL PROMOTION AND PROTECTION OF
INVESTMENTS, WITH PROTOCOL
Signed in Beirut on 07.11.1997
Entered into force on 02.09.2000
LIBERIA
REAL ESTATE PURCHASES:
The condition of reciprocity is not verified both with regard to inter vivos and inter vivos acts
mortis causa;
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
1. The reciprocity condition is not verified;
2. the condition of reciprocity for hiring within Italian companies is verified
of the positions of Sole Director, Member of the Board of Directors or Chief Executive Officer.
LIBYA
Agreements in force with Libya:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Rome on 12.13.2000
Entered into force on 10.20.2004
AGREEMENT TO AVOID DOUBLE TAXATION ON DERIVING INCOME
FROM THE OPERATION OF AIR NAVIGATION
Signed in Rome on 05.28.1976
Entered into force on 10.20.1977
LITHUANIA
Following the accession of Lithuania to the European Union, starting from 1 May 2004
it is no longer necessary to ascertain the conditions of reciprocity under article 16
of the Prelaws, vice versa applying the principles and rules of the community legal system e
the national legislation implementing community law.
Agreements in force with Lithuania:
AGREEMENT TO AVOID DOUBLE TAXATION AND TO PREVENT
TAX EVASION REGARDING INCOME AND PROPERTY TAXES,
WITH ADDITIONAL PROTOCOL
Signed in VILNIUS 04.04.1996
Entered into force on 06.03.1999
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH
PROTOCOL
Signed in ROME 01.12.1994
Entered into force on 04.15.1997
MACEDONIA (former Yugoslav Republic of)
Agreements in force with Macedonia:
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND ASSETS AND TO PREVENT TAX EVASION, WITH
ADDITIONAL PROTOCOL
Signed in Rome on 20.12.1996
Entered into force on 08.06.2000
UPON THE ENTRY INTO FORCE OF THIS CONVENTION IT WILL BE DENOUNCED
AND THE AGREEMENT OF 02.24.1982 WITH THE YUGOSLAVIA
AGREEMENT ON MUTUAL PROMOTION AND PROTECTION OF INVESTMENTS,
WITH PROTOCOL
Signed in Skopje on 26.02.1997
Entered into force on 05.28.1999
MADAGASCAR
REAL ESTATE PURCHASES:
The reciprocity condition is not verified for both purchases for consideration and for
those free of charge.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
1. The condition of reciprocity without limitations is verified, also with regards to
corporate offices, provided that the company itself does not own real estate;
2. the condition of reciprocity is verified, with no greater foreign participation
to 49%, if the company itself owns real estate. That 49% limit will go
also observed with regards to corporate offices.
MALAYSIA
Agreements in force with Malaysia:
AGREEMENT TO AVOID DOUBLE TAXATION AND TO PREVENT EVASION
TAX RELATING TO INCOME TAXES, WITH PROTOCOL AND EXCHANGE OF
LETTERS
Signed in Kuala Lumpur on 28.01.1984
Entered into force on 01.25.1986
AGREEMENT ON THE MUTUAL PROMOTION AND PROTECTION OF
INVESTMENTS
Signed in Kuala Lumpur on 04.01.1988
Entered into force on 10.25.1990
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
MALTA
Following Malta’s accession to the European Union, starting from 1 May 2004 there will be no
makes it more necessary to ascertain the conditions of reciprocity under Article 16 of
Pre-law, applying vice versa the principles and rules of the community legal system and the
national legislation implementing community law.
Agreements in force with Malta:
AGREEMENT ON ECONOMIC COOPERATION AND PROTECTION
OF INVESTMENTS, WITH EXCHANGE OF NOTES
Signed in VALLETTA 28.07.1967
Entered into force on 10.15.1973
AGREEMENT FOR THE AVOIDANCE OF DOUBLE TAXATION WITH RESPECT TO TAXES E
PREVENT TAX EVASION, WITH ADDITIONAL PROTOCOL
Signed in VALLETTA 16.07.1981
Entered into force on 08.05.1985
MOROCCO
Agreements in force with Morocco:
AGREEMENT ON MUTUAL JUDICIAL AID, FOR THE EXECUTION OF
SENTENCES AND EXTRADITION
Signed in Rome on 12.02.1971
Entered into force on 05.22.1975
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME
Signed in Rabat on 06.07.1972
Entered into force on 10.03.1983
SEE ADDITIONAL PROTOCOL OF 05.28.1979
AGREEMENT RELATING TO THE MUTUAL PROMOTION AND PROTECTION OF
INVESTMENTS, WITH EXCHANGE OF LETTERS
Signed in Rabat on 18.07.1990
Entered into force on 04.07.2000
EXCHANGE OF NOTES AMENDING THE PROMOTION AGREEMENT E
INVESTMENT PROTECTION OF 18.07.1990
Signed in Rabat on 15.10.1991
Entered into force on 04.07.2000
MAURITIUS ISLANDS
REAL ESTATE PURCHASES:
The reciprocity condition is not verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
Agreements in force with Mauritius:
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND TO PREVENT TAX EVASION, WITH PROTOCOL
Signed in Port Luis on 03.09.1990
Entered into force on 04.28.1995
MEXICO
Agreements in force with Mexico:
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND TO PREVENT TAX EVASION, WITH PROTOCOL
Signed in Rome on 07.08.1991
Entered into force on 12.03.1995
AGREEMENT ON THE PROMOTION AND MUTUAL PROTECTION OF
INVESTMENTS, WITH PROTOCOL
Signed in Rome on 24.11.1999
Entered into force on 05.12.2002
MOLDOVA
Agreements in force with Moldova:
AGREEMENT ON THE PROMOTION AND MUTUAL PROTECTION OF
INVESTMENTS, WITH PROTOCOL
Signed in Rome on 19.9.1997
Entered into force on 8.26.2001
Memorandum of Understanding on industrial cooperation and the development of small businesses medium-sized businesses
Signed in Rome on 27.11.2003
Entered into force on 22.4.2004
MONACO (Principality)
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
ASSUMPTION OF CORPORATE OFFICES IN LOCAL LAW COMPANIES
The reciprocity condition is verified
MONGOLIA
Agreements in force with Mongolia:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Rome on 15.01.1993
Entered into force on 01.09.1995
MOZAMBIQUE
Agreements in force with Mozambique:
FINANCIAL PROTOCOL FOR THE IMPLEMENTATION OF AN “AID PROGRAM” A
SUPPORT OF SMALL AND MEDIUM BUSINESSES, WITH 10 TECHNICAL ANNEXES
Signed in Maputo on 11.12.1996
Entered into force on 10.17.2001
AGREEMENT ON THE PROMOTION AND MUTUAL PROTECTION OF
INVESTMENTS, WITH PROTOCOL
Signed in Maputo on 14.12.1998
Entered into force on 11.17.2003
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND TO PREVENT TAX EVASION
Signed in Maputo on 14.12.1998
Entered into force on 6.8.2004
MYANMAR
REAL ESTATE PURCHASES:
The reciprocity condition is not verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
1. The condition of reciprocity is verified in the following sectors: industry, manufacturing,
construction, commerce, services, hotel activities, tourism;
2. the reciprocity condition for the “Joint venture” is verified provided that the foreign investor’s contribution is at least 35% of the capital in ordinary shares.
NEPAL
REAL ESTATE PURCHASES:
The reciprocity condition is not verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The condition of reciprocity is verified except companies operating in sectors
specific, an exhaustive list of which can be consulted online on the “Trade Promotion” website
Nepalese Centre”, http://www.tepc.gov.np/t-ap/main.htm
NICARAGUA
Agreements in force with Nicaragua:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Managua on 04.20.2004
Entered into force on 05.22.2006
NIGERIA
Agreements in force with Nigeria:
AGREEMENT ON THE PROMOTION AND MUTUAL PROTECTION OF
INVESTMENTS
Signed in Rome on 09.27.2000
Entered into force on 08.22.2005
AGREEMENT TO AVOID DOUBLE TAXATION ON INCOME ARISING FROM
AIR AND SEA NAVIGATION, WITH EXCHANGE OF NOTES
Signed in Lagos on 22.02.1977
Entered into force on 11.09.1978
NEW ZELAND
REAL ESTATE PURCHASES:
The reciprocity condition is verified limited to the purchase of surface properties
not exceeding five hectares, or of a value not exceeding the equivalent value in euros of $NZ 10
millions;
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
Agreements in force with New Zealand:
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND TO PREVENT TAX EVASION, WITH PROTOCOL
Signed in Rome on 06.12.1979
Entered into force on 03.23.1983
OMAN
Agreements in force with Oman:
AGREEMENT FOR THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Rome on 06.23.1993
Entered into force on 01.23.1997
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND TO PREVENT TAX EVASION, WITH PROTOCOL
ADDITIONAL
Signed in Muscat on 06.05.1998
Entered into force on 10.22.2002
PAKISTAN
Agreements in force with Pakistan:
AGREEMENT TO AVOID DOUBLE TAXATION AND TO PREVENT
TAX EVASION REGARDING INCOME TAXES, WITH PROTOCOL
Signed in Rome on 06.22.1984
Entered into force on 02.27.1992
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Islamabad on 19.07.1997;
Entered into force on 06.22.2001
PALAU
REAL ESTATE PURCHASES:
The reciprocity condition is not verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
PANAMA
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
Agreements in force with Panama:
TREATY OF FRIENDSHIP, TRADE AND NAVIGATION
Signed in Panama on 07.10.1965
Entered into force on 10.19.1968
PARAGUAY
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
PERU’
Agreements in force with Peru:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH
PROTOCOL
Signed in Rome on 05.05.1994
Entered into force on 10.18.1995
POLAND
Following Poland’s accession to the European Union, starting from 1 May 2004 no
it becomes more necessary to ascertain the conditions of reciprocity under article 16 of
Pre-law, applying vice versa the principles and rules of the community legal system and the
national legislation implementing community law.
Agreements in force with Poland:
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND TO PREVENT TAX EVASION, WITH PROTOCOL
Signed in ROME 06.21.1985
Entered into force on 09.26.1989
UPON ITS ENTRY INTO FORCE, THE AGREEMENT CEASED TO HAVE EFFECT
09.11.1973. SEE NOTICE OF CORRECTION IN GU N. 98 OF 04.28.1989
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH
PROTOCOL
Signed in WARSAW 10.05.1989
Entered into force on 10.01.1993
AGREEMENT FOR LEGAL ASSISTANCE AND RECOGNITION AND
THE EXECUTION OF SENTENCES IN CIVIL MATTERS
Signed in WARSAW 28.04.1989
Entered into force on 01.03.1992
MEMORANDUM OF UNDERSTANDING ON COLLABORATION FOR SMALL AND MEDIUM-sized BUSINESSES
Signed in WARSAW 06.12.1999
Entered into force on 06.12.1999
QATAR
Agreements in force with Qatar:
AGREEMENT ON THE MUTUAL PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Rome on 03.22.2000
Entered into force on 01.08.2004
ROMANIA
Following Romania’s accession to the European Union, starting from 1 January 2007
it is no longer necessary to ascertain the conditions of reciprocity under article 16
of the Prelaws, and vice versa applying the principles and rules of the community legal system e
the national legislation implementing community law.
Agreements in force with Romania:
CONVENTION CONCERNING LEGAL ASSISTANCE IN CIVIL AND CRIMINAL MATTERS
Signed in Bucharest on 11.11.1972
Entered into force on 04.08.1975
UPON ITS ENTRY INTO FORCE THE AGREEMENTS OF THE
07.25.1873 AND 08.17.1880
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND ASSETS AND TO PREVENT TAX EVASION, WITH
PROTOCOL ANNEX
Signed in Bucharest on 14.01.1977
Entered into force on 02.06.1979
AGREEMENT ON MUTUAL PROMOTION AND INVESTMENT GUARANTEE OF
CAPITAL
Signed in Bucharest on 14.01.1977
Entered into force on 02.06.1979
AGREEMENT FOR THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH
PROTOCOL
Signed in Rome on 06.12.1990
Entered into force on 14.03.1995
MEMORANDUM OF UNDERSTANDING ON COOPERATION FOR SMALL AND MEDIUM SITES
BUSINESSES
Signed in Bucharest on 22.03.2001
Entered into force on 08.26.2002
RUSSIAN FEDERATION
Agreements in force with the Russian Federation:
AGREEMENT ON THE PROMOTION AND MUTUAL PROTECTION OF
INVESTMENTS
Signed in Rome on 04.09.1996
Entered into force on 07.07.1997
AS OF THE EFFECTIVE DATE OF THIS AGREEMENT, I AM FROM
THE AGREEMENT OF 11.30.1989 AND THE MEMORANDUM OF THE
01.27.1994
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND ASSETS AND TO PREVENT TAX EVASION, WITH
ADDITIONAL PROTOCOL
Signed in Rome on 04.09.1996
Entered into force on 30.11.1998
THE CONVENTION OF 02.26.1985 WILL CEASE TO HAVE EFFECT UPON
OF THE ENTRY INTO FORCE OF THIS CONVENTION
MEMORANDUM OF UNDERSTANDING ON COOPERATION FOR SMALL AND MEDIUM SITES
BUSINESSES
Signed in Rome on 05.21.1998
Entered into force on 05.21.1998
SAINT VINCENT AND GRENADINES
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
SAIPAN and GUAM
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
SAN MARINO
PROPERTY PURCHASES AND CORPORATE ESTABLISHMENTS/HOLDINGS
Citizens and legal entities of San Marino are recognized with rights relating to
real estate purchases and company law, by the particular situation of the enclave in
Italian territory of that State and a consolidated internal administrative practice,
confirmed by the internal measures that extend to the citizens of the Republic of San
Marino the scope of application of Legislative Decree 6 February 2007, n.30.
Agreements in force with San Marino:
AGREEMENT OF FRIENDSHIP AND GOOD NEIGHBOURHOOD
Signed in Rome on 03.31.1939
Entered into force on 09.30.1939
SENEGAL
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified in compliance with the following limitations:
1. in import/export companies the capital held by the foreign citizen cannot
exceed 49%;
2. the creation of companies aimed at carrying out “bar-restaurant” activities is not permitted.
Agreements in force with Senegal:
CONVENTION INTENDED TO AVOID DOUBLE TAXATION ON INCOME
AIR NAVIGATION COMPANIES
Signed in Dakar on 29.12.1988
Entered into force on 02.07.1995
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND TO PREVENT TAX EVASION
Signed in Rome on 07.20.1998
Entered into force on 24.10.2001
SERBIA AND MONTENEGRO
REAL ESTATE PURCHASES:
1. The reciprocity condition is verified, only for the purchase of apartments or buildings
residential, by a natural person who does not carry out economic activities in Italy;
2. the condition of reciprocity is verified, also for the purchase of necessary real estate
to the carrying out of an economic activity by a natural or legal person who
carries out an economic activity in Italy.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
The following agreements apply with Yugoslavia:
CONVENTION FOR MUTUAL LEGAL ASSISTANCE IN CIVIL MATTERS
AND ADMINISTRATIVE
Signed in Rome on 03.12.1960
Entered into force on 19.01.1967
SEE EXCHANGE OF NOTES OF 05.07.1962
AGREEMENT TO AVOID DOUBLE TAXATION ON INCOME AND PROFIT
HERITAGE, WITH PROTOCOL
Signed in Belgrade on 24.02.1982
Entered into force on 03.07.1985
THIS CONVENTION CEASED TO HAVE EFFECT ON 08.06.2000
(DATE OF ENTRY INTO FORCE OF THE CONVENTION OF 20.12.1996) IN
RELATIONS WITH MACEDONIA
SEYCHELLES
REAL ESTATE PURCHASES:
The reciprocity condition is not verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The condition of reciprocity is verified as long as the company itself has no interests or
real estate.
SIERRA LEONE
REAL ESTATE PURCHASES:
The reciprocity condition is not verified
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified
The condition of reciprocity for the assumption of corporate positions is verified
SINGAPORE
REAL ESTATE PURCHASES:
1. The reciprocity condition for the purchase of land assets is not verified;
2. the condition of reciprocity is verified, without limitations, for the purchase of buildings, or parts
of buildings, to be used for industrial, commercial, or office use.
3. the reciprocity condition for the purchase of condominium apartments is verified, for example
residential use.
The same limitations also apply to donations and inheritances.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
1. The reciprocity condition is verified;
2. as regards corporate offices, at least one member of the Council is required
of Directors has a stable residence in Italy.
Agreements in force with Singapore:
ITALIAN-BRITISH CONVENTION FOR LEGAL ASSISTANCE IN THE MATTER
CIVIL AND COMMERCIAL
Signed in London on 17.12.1930
Entered into force on 06.07.1932
RESTORED IN FORCE BY BRITISH NOTE, UNDER ARTICLE 44 OF
PEACE TREATY, 13.03.1948 (GU N. 217 OF 17.09.1948)
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF
INCOME TAXES
Signed in Singapore on 29.01.1977
Entered into force on 12.01.1979
SYRIA
Agreements in force with Syria:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH
PROTOCOL
Signed in Rome on 02.20.2002
Entered into force on 11.13.2003
AGREEMENT TO AVOID DOUBLE TAXATION ON DERIVING INCOME
FROM THE OPERATION OF SEA AND AIR NAVIGATION
Signed in Damascus on 20.12.1973
Entered into force on 07.22.1976
SLOVAKIA
Following Slovakia’s accession to the European Union, starting from 1 May 2004
it is no longer necessary to ascertain the conditions of reciprocity under article 16
of the Prelaws, vice versa applying the principles and rules of the community legal system e
the national legislation implementing community law.
Agreements in force with Slovakia:
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND PREVENT TAX EVASION, WITH PROTOCOL
Signed in PRAGUE 05.05.1981
Entered into force on 06.26.1984
THIS CONVENTION HAS REPEALED THAT OF 08.28.1973
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Bratislava on 30.07.1998
Entered into force on 11.22.2000
FOR THE DURATION CLAUSE PLEASE REFER TO THE ENGLISH TEXT, WHICH
PREVAILS IN CASE OF DIFFERENCES
CONVENTION ON LEGAL ASSISTANCE IN CIVIL AND CRIMINAL MATTERS
Signed in PRAGUE 06.12.1985
Entered into force on 01.11.1990
SLOVENIA
Following Slovenia’s accession to the European Union, starting from 1 May 2004
it is no longer necessary to ascertain the conditions of reciprocity under article 16
of the Prelaws, vice versa applying the principles and rules of the community legal system e
the national legislation implementing community law.
Agreements in force with Slovenia:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH
PROTOCOL
Signed in ROME 03.08.2000
Entered into force on 11.08.2003
SOMALIA
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
SRI LANKA
Agreements in force with Sri Lanka:
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND ASSETS AND TO PREVENT TAX EVASION, WITH
ADDITIONAL PROTOCOL
Signed in Colombo on 28.03.1984
Entered into force on 09.05.1991
AGREEMENT RELATING TO THE MUTUAL PROMOTION AND PROTECTION OF
INVESTMENTS, WITH PROTOCOL
Signed in Colombo on 25.03.1987
Entered into force on 03.20.1990
THE PROVISIONS OF THE ART. 10 WILL APPLY TO ALL INVESTMENTS
CARRIED OUT AFTER 07.09.1978
ST. KITTS and NEVIS
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
UNITED STATES OF AMERICA (USA)
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
Agreements in force with the United States of America:
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND TO PREVENT TAX EVASION, WITH PROTOCOL E
EXCHANGE OF LETTERS
Signed in Rome on 04.17.1984
Entered into force on 30.12.1985
DIFFERENT EFFECTIVE TIMES ARE PROVIDED FOR THE PURPOSES OF THE APPLICATION OF
CERTAIN RULES (ART. 28 PAR 2).
ADDITIONAL PROTOCOL TO THE AGREEMENT TO AVOID DOUBLES
TAXES REGARDING INCOME TAXES AND PREVENTING THE
TAX EVASIONS OF 04.17.1984
Signed in Rome on 04.17.1984
Entered into force on 30.12.1985
EXCHANGE OF NOTES INTERPRETATIVE OF THE CONVENTION TO AVOID THE
DOUBLE TAXATION REGARDING INCOME TAXES AND PREVENTING THE
TAX EVASIONS OF 04.17.1984
Signed in Washington on 12.30.1985
Entered into force on 30.12.1985
TREATY OF FRIENDSHIP, TRADE AND NAVIGATION, WITH PROTOCOLS
Signed in Rome on 02.02.1948
Entered into force on 07.26.1949
SUPPLEMENTARY AGREEMENT TO THE TREATY OF FRIENDSHIP, TRADE AND
NAVIGATION
Signed in Washington on 09.26.1951
Entered into force on 02.03.1961
SOUTH AFRICA
Agreements in force with South Africa:
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND TO PREVENT TAX EVASION, WITH PROTOCOL
ADDITIONAL
Signed in Rome on 11.16.1995
Entered into force on 02.03.1999
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Rome on 06.09.1997
Entered into force on 03.18.1999
SUDAN
Agreements in force with Sudan:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Khartoum on 19.10.1968
Entered into force on 10.28.1974
SWISS CONFEDERATION
REAL ESTATE PURCHASES:
1) the condition of reciprocity is verified for limited non-resident natural persons
when purchasing:
a) secondary homes, holiday homes, and apartment-hotel units, with a surface area
net habitable area not exceeding 200 m2;
b) funds about secondary and holiday homes (single real estate units: villas,
buildings…) whose surface area does not exceed 1,000 m2;
c) properties for exclusively commercial use;
2) the condition of broad and free reciprocity for legitimate heirs in purchases is verified
mortis causa and for the alienator’s relatives in ascending and descending lines (grandparents,
parents and children) and for his or her spouse;
3) the condition of reciprocity is verified, limited to the types described in point 1)
for purchases by way of exchange;
4) the condition of reciprocity is verified for foreign legal entities to a limited extent
to the properties to be used as the headquarters or establishment of the company (main or secondary) or to
production purposes exclusively related to the economic activity carried out;
5) however, the condition of reciprocity for non-residents in the following areas has not been verified
cases:
a) if the purchase of the property is aimed at a capital investment, except for
properties for commercial use;
b) if the obligation to maintain the intended use of the immovable property is contravened,
the purpose for which the purchase was previously made.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
1) CAPITAL COMPANY:
a) SPA
1) the reciprocity condition is verified;
2) the condition of reciprocity for the assumption of the office of Councilor of the
Board of Directors, except in the case of companies whose purpose consists in participation in other companies
(Holding), while the reciprocity condition for taking on the position has not been verified
of Sole Director;
b) SRL: the reciprocity condition is verified and there are no limitations for hiring
of the corporate offices, provided that one of the directors is domiciled in Italy;
2) COMPANY OF PEOPLE:
a) Simple partnership: the condition of reciprocity is verified;
b) general partnership: the condition of reciprocity is verified provided that
at least one of the partners resides in Italy and has, individually or jointly with the others
resident members, the representation of the company;
c) limited partnership: the condition of conditional reciprocity is verified
that at least one of the general partners resides in Italy and has, individually or
together with the other resident general partners, the representation of the company
Agreements in force with Switzerland:
AGREEMENT TO AVOID DOUBLE TAXATION AND TO REGULATE SOME
INCOME AND PROPERTY TAX ISSUES, WITH
ADDITIONAL PROTOCOL
Signed in Rome on 03.09.1976
Entered into force on 03.27.1979
THIS CONVENTION HAS ENDORSED THE EXCHANGE OF NOTES OF
27.11/18.12.1973 ON THE TAX EXEMPTION OF TEACHERS.
SEE PROTOCOL OF 04.28.1978
AGREEMENT CONCERNING THE COMPENSATION OF DAMAGES IN THE EVENT OF ACCIDENTS
OF ROAD CIRCULATION WITH EXCHANGE OF NOTES
Signed in Rome on 08.16.1978
Entered into force on 12.15.1979
AGREEMENT BETWEEN THE EEC AND ITS MEMBER STATES, ON THE ONE PART AND SWITZERLAND
ON THE OTHER, ON THE FREE MOVEMENT OF PEOPLE, WITH ATTACHMENTS,
FINAL ACT AND DECLARATIONS
Signed in Luxembourg on 21.06.1999
Entered into force on 01.06.2002
TANZANIA
Agreements in force with Tanzania:
EXCHANGE OF NOTES FOR CONFIRMATION OF THE VALIDITY OF THE AGREEMENT
ITALIAN-BRITISH REGULATION OF 17.12.1930 RELATING TO LEGAL ASSISTANCE IN
CIVIL AND COMMERCIAL MATTER
Signed in Dar Es Salaam on 30.06.1964
Entered into force on 06.30.1964
AGREEMENT TO AVOID DOUBLE TAXATION AND PREVENT EVASION
TAX RELATING TO INCOME TAXES
Signed in Dar Es Salaam on 07.03.1973
Entered into force on 06.05.1983
PROTOCOL AMENDING THE CONVENTION TO AVOID DOUBLES
IMPOSITIONS OF 03.07.1973
Signed in Rome on 01.31.1979
Entered into force on 06.05.1983
AGREEMENT FOR THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Dar Es Salaam on 21.08.2001
Entered into force on 04.25.2003
THAILAND
REAL ESTATE PURCHASES:
1. The condition of reciprocity for the natural person is not verified;
2. the reciprocity condition for the foreign legal person with an office is verified
in Italy limited to the purchase of condominium apartments and on condition that the
ownership of the foreigner does not exceed 40% of the total area of the condominium.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The condition of reciprocity has not occurred in the sectors indicated below (it was preferred
retain the Thai subdivision):
-Agricultural activities: agriculture, gardening, forestry, livestock breeding, fishing;
-Commercial activities: internal trade of local agricultural products, trade of goods
real estate, sale of antiques or works of art;
– Industrial and artisanal activities: rice and wood processing, processing and weaving
silk, production of rice flour, sugar, drinks with or without alcohol, ice (e.g
cold working), pharmaceutical products, gold, silver, niello or bronze products,
production of carved wood or wood derivatives, lacquered objects, lime, cement and
derivatives, clothing and footwear; – Tertiary activities: architecture, printing, publishing
newspapers, accounting, advertising, brokerage or agency, auctions, hairdressers, beauticians,
tourist agencies, hotel activities except hotel management, photography
(including development and printing), laundries, tailoring and tailoring, ground transportation,
water or air.
2) the condition of reciprocity is verified in the remaining sectors
3) the condition of reciprocity is verified with regards to corporate positions.
Agreements in force with Thailand:
AGREEMENT TO AVOID DOUBLE TAXATION AND PREVENT EVASION
TAX RELATING TO INCOME TAXES WITH PROTOCOL
Signed in Bangkok on 22.12.1977
Entered into force on 05.31.1980
TOGO
REAL ESTATE PURCHASES:
The reciprocity condition is not verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
TRINIDAD AND TOBAGO
Agreements in force with Trinidad and Tobago:
AGREEMENT TO AVOID DOUBLE TAXATION AND PREVENT EVASION
TAX RELATING TO INCOME TAXES
Signed at Port of Spain on 26.03.1971
Entered into force on 04.19.1974
TUNISIA
Agreements in force with Tunisia:
CONVENTION ON LEGAL ASSISTANCE IN CIVIL MATTERS,
COMMERCIAL AND CRIMINAL, TO THE RECOGNITION AND ENFORCEMENT OF
JUDGMENTS AND ARBITRATION AND EXTRADITION DECISIONS
Signed in Rome on 11.15.1967
Entered into force on 04.19.1972
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND TO PREVENT TAX EVASION, WITH PROTOCOL
ADDITIONAL
Signed in Tunis on 16.05.1979
Entered into force on 09.17.1981
AGREEMENT FOR THE PROMOTION AND MUTUAL PROTECTION OF INVESTMENTS
http://itra.esteri.it/itrapgm/Visualizza.asp?ID=46080
Signed in Rome on 10.17.1985
Entered into force on 06.24.1989
PROTOCOL OF THE CONDITIONS AND METHODS OF GRANT OF THE LINE
OF CREDIT FOR THE TUNISIAN-ITALIAN PARTNERSHIP AND SMALL AND MEDIUM SMEs
TUNISIAN COMPANIES
Signed in Tunis on 04.05.2001
Entered into force on 11.04.2002
Türkiye
Agreements in force with Turkey:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS
Signed in Ankara on 03.22.1995
Entered into force on 03.03.2004
CONVENTION CONCERNING JUDICIAL PROTECTION, ASSISTANCE
MUTUAL ACTION OF JUDICIAL AUTHORITIES IN CIVIL AND CRIMINAL MATTERS AND
THE EXECUTION OF JUDICIAL DECISIONS
Signed in Rome on 10.08.1926
Entered into force on 05.14.1931
AGREEMENT FOR THE AVOIDANCE OF DOUBLE TAXATION REGARDING PRODUCT TAXES
INCOME AND PREVENT TAX EVASION, WITH PROTOCOL
Signed in Ankara on 07.27.1990
Entered into force on 01.12.1993
THIS AGREEMENT, UPON ITS ENTRY INTO FORCE, REPLACES THE
CONVENTION OF 09.29.1981
UKRAINE
Agreements in force with Ukraine:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH
PROTOCOL
Signed in Rome on 02.05.1995
Entered into force on 12.09.1997
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND ASSETS AND TO PREVENT TAX EVASION, WITH
ADDITIONAL PROTOCOL
Signed in Kyiv on 02.26.1997
Entered into force on 02.25.2003
MEMORANDUM OF UNDERSTANDING ON SMALL E. COOPERATION
MEDIUM BUSINESSES
Signed in Rome on 13.3.2003
Entered into force on 31.5.2004
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND ASSETS AND TO PREVENT TAX EVASION, WITH
ADDITIONAL PROTOCOL
Signed in Kyiv on 02.26.1997
Entered into force on 02.25.2003
UGANDA
Agreements in force with Uganda:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS,
WITH PROTOCOL
Signed in Rome on 12.12.1997
Entered into force on 09.24.1999.
MEMORANDUM OF UNDERSTANDING ON THE ESTABLISHMENT OF A JOINT COMMISSION ON
INVESTMENTS
Signed in Rome on 12.12.1997
Entered into force on 12.12.1997
HUNGARY
Following Hungary’s accession to the European Union, starting from 1 May 2004 no
it becomes more necessary to ascertain the conditions of reciprocity under article 16 of
Pre-law, applying vice versa the principles and rules of the community legal system and the
national legislation implementing community law.
Agreements in force with Hungary:
TREATY OF COMMERCE AND NAVIGATION, WITH 2 PROTOCOLS
Signed in ROME 04.07.1928
Entered into force on 01.06.1929
PARTIALLY REPEALED ON 30.04.1950 BY ARTICLE 5 OF THE PROTOCOL
OF 03.28.1950 ON THE CUSTOMS REGIME. EXTENDED BY EEC DECISION OF
15.11.2001 UNTIL 30.04.2005.
CONVENTION INTENDED TO AVOID DOUBLE TAXATION CONCERNING
INCOME AND PROPERTY TAXES AND PREVENTING TAX EVASION,
WITH PROTOCOL
Signed in BUDAPEST 16.05.1977
Entered into force on 01.12.1980
CONVENTION ON LEGAL ASSISTANCE IN CIVIL MATTERS
Signed in BUDAPEST 05.26.1977
Came into force on BUDAPEST 05.26.1977
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH
ADDITIONAL PROTOCOL
Signed in ROME 02.17.1987
Entered into force on 02.23.1990
SEE CORRECTION STATEMENT IN GU N. 83 OF 04.09.1991
EXCHANGE OF LETTERS, CONSTITUTING AN AGREEMENT, RELATING TO REFUND
OF VALUE-ADDED TAX TO THE RESPECTIVE ECONOMIC OPERATORS
Signed in BUDAPEST 17.07.1996 – 18.07.1996
Entered into force on 12.19.1996
URUGUAY
Agreements in force with Uruguay:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH
PROTOCOL
Signed in Rome on 02.21.1990
Entered into force on 02.03.1998
UZBEKISTAN
Agreements in force with Uzbekistan:
AGREEMENT ON THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH
PROTOCOL
Signed in Tashkent on 17.09.1997
Entered into force on 14.10.1999
VENEZUELA
REAL ESTATE PURCHASES:
The reciprocity condition is verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
1. The reciprocity condition is verified;
2. corporate offices can be held by foreign citizens as long as there is one
albeit minimal foreign participation in the company’s share package; the number of
corporate positions reserved for foreigners must be proportional to the percentage of
participation itself;
Agreements in force with Venezuela:
AGREEMENT TO AVOID DOUBLE TAXATION ON DERIVING INCOME
FROM THE OPERATION OF AIR NAVIGATION
Signed in Caracas on 03.03.1978
Entered into force on 02.03.1982
AGREEMENT TO AVOID DOUBLE TAXATION ON DERIVING INCOME
FROM THE EXERCISE OF MARITIME NAVIGATION
Signed in Caracas on 24.11.1987
Entered into force on 01.03.1990
CONVENTION TO AVOID DOUBLE TAXATION IN THE MATTER OF TAXES
ON INCOME AND TO PREVENT TAX AVOIDANCE, EVASION AND FRAUD,
WITH PROTOCOL
Signed in Rome on 06.05.1990
Entered into force on 09.14.1993
VIETNAM
Agreements in force with Vietnam:
AGREEMENT FOR THE PROMOTION AND PROTECTION OF INVESTMENTS, WITH
PROTOCOL
Signed in Rome on 05.18.1990
Entered into force on 06.05.1994
AGREEMENT FOR THE AVOIDANCE OF DOUBLE TAXATION REGARDING PRODUCT TAXES
INCOME AND TO PREVENT TAX EVASION, WITH PROTOCOL
ADDITIONAL
Signed in Hanoi on 26.11.1996
Entered into force on 02.22.1999
MEMORANDUM ON COOPERATION FOR SMALL AND MEDIUM ENTERPRISES BETWEEN I
RESPECTIVE MINISTRIES OF INDUSTRY
Signed in Hanoi on 05.10.1999
Entered into force on 05.10.1999
YEMEN
REAL ESTATE PURCHASES:
The condition of reciprocity is verified as long as the property is intended for residential use.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
The reciprocity condition is verified.
ZAMBIA
REAL ESTATE PURCHASES:
The reciprocity condition is not verified.
ESTABLISHMENT OF/PARTICIPATION IN A COMPANY:
1. The reciprocity condition is verified;
2. the condition of reciprocity is verified regarding corporate positions provided that at least half of the Directors are residents.
Agreements in force with Zambia:
AGREEMENT TO AVOID DOUBLE TAXATION AND PREVENT EVASION
TAX RELATING TO INCOME TAXES, WITH ADDITIONAL PROTOCOL
OF THE SAME DATE AND AMENDMENT PROTOCOL (LUSAKA 13.11.1980)
Signed in Lusaka on 27.10.1972
Entered into force on 30.03.1990
For more information, please visit the ATRIO Portal or the Online Archive of International Treaties of the Ministry of Foreign Affairs and International Cooperation and also here.
