M&A Report (August 2019)

Top 5 Announced China Outbound Deals

On 19 June 2019, the Italian Council of Ministers approved the China – Italy Double Tax Treaty (“New DTT”), signed in Rome on 23 March 2019. The New DTT will enter into force 30 days after the exchange of the ratification instruments replacing the China – Italy Double Tax Treaty signed on 31 October 1986 (“Old DTT”).

On July 5, 2019, Italy and Hong Kong signed an agreement to mark the establishment of a bilateral Working Holiday Scheme (WHS).

The Italian government on Tuesday announced its readiness to invest in Nigeria’s transportation sector.

Risk Management of Chinese Enterprises and Localized Employee Welfare &Assistance Services

Be aware of any agencies, advisors or anyone else offering to help obtain Italian citizenship easily, in a very short period of time and regardless of not being resident in Italy for the necessary minimum time required, having a criminal record or not having sufficient income.

Italian government has announced a cap of 30.850 on the number of workers from outside the EEA allowed in Italy for 2019. The decree, dated March 12, has been published on the Official Gazette of April 9.

With decree 25 March 2019, n. 22 the Italian government outlines the measures that will apply if the UK leaves the EU without a deal. In particular, articles 14 refers to the residency rights of UK nationals and their NON-EU family members living in Italy and article 15 refers to citizenship applications.

The Viennese tech startup Refurbed is getting a financial injection of more than EUR 2 million close to wo years after its founding.