Investment Policy Measures

23 results
Italy

Italy

20 May 2022

Approves further changes to the FDI screening regime

On 20 May 2022, the Italian Parliament adopted Law 51/2022 to approve with amendments the Government's Law-Decree 21/2022 laying down urgent measures to counter the economic and humanitarian effects of the Ukrainian crisis. The Law [...]

Italy

Italy

22 Mar 2022

Expands the scope and application of the FDI screening regime

On 21 March 2022, the Italian Government enacted Law-Decree No. 21/2022, which made significant revisions to the FDI screening regime. Among the main ones: - The emergency measures adopted in response to the COVID-19 outbreak and [...]

Italy

Italy

01 Jan 2022

Issues 2022 Budget Law

On 30 December 2021, the Italian Government adopted Law n. 234 (Budget Law). It introduces changes to the patent box regime increasing the extra deduction of the eligible R&D expenses from 90% to 110%; extends the tax credit for [...]

Italy

Italy

14 Jan 2021

Expands the list of sectors and assets subject to investment screening

On 14 January 2021, two decrees entered into force that identify assets and sectors of strategic importance to the national interest, whose acquisition by foreign investors requires prior governmental approval. The Decree of 18 December [...]

Italy

Italy

25 Dec 2020

Extension of “Golden Powers” in relation to foreign aquisitions

On 25 December 2020, the Law of 18 December 2020, no. 176 entered into force. It converted into law an earlier governmental decree-law introducing measures aimed at the economic recovery during the pandemic. The new law also extends [...]

Italy

Italy

06 Apr 2020

Amid the COVID-19 pandemic, the Government strengthens its special powers in strategic sectors

On 6 June 2020, the Law 5 June 2020, n.40 entered into effect. It converts the Decreto Legge 8 Aprile 2020, n.23, into law. The Decree-Law adopted by the Italian Cabinet expands the special power regime in strategic sectors that require [...]

Italy

Italy

21 Nov 2019

Cybernetic National Security Perimeter Law tightens the FDI screening regime

On 21 November 2019, the Law No. 133/2019 entered into force in Italy. Its aim is to "ensure a high level of security of networks, information systems and IT services of public administrations, national bodies and operators, public [...]

Italy

Italy

23 Jul 2019

Establishes a new special economic zone

On 23 July 2019, the procedure of establishing the Ionian Special Economic Zone has been completed. It covers the Basilicata Region, the Port of Taranto and Grottaglie Airport​​, as well as the productive areas of Taranto, Grottaglie, [...]

Italy

Italy

12 Jul 2019

Temporarily expanded its FDI screening mechanism

On 12 July 2019, a change to Italy’s acquisition and ownership related mechanisms to safeguard Italy’s essential security interests came into effect, albeit only temporarily: The changes, brought by the now defunct Decree Law No. 64/2019 [...]

Italy

Italy

26 Mar 2019

FDI screening expended to cover 5G technology

Due to rapid development of telecommunication technologies, the government of Italy decided to extend its special powers to cover also 5G technology. Decree-Law no. 22 that entered into force on 25 March 2019 specifies that this particular [...]

Italy

Italy

16 Oct 2017

Extends the government’s “golden powers” to block takeovers by non-EU companies to high-technology sectors

The Italian Council of Ministers approved Decree no. 148, extending the government’s so-called "golden powers" to block takeovers by non-EU companies to high-technology sectors (e.g. storage and treatment of data, artificial intelligence, [...]

Italy

Italy

07 Dec 2016

300 percent increase in the tax credit for businesses engaged in R&D

Business engaged in research & development will benefit from a 300 per cent increase in tax credit. These benefits apply to any kind of businesses, regardless of their dimension, business activity or legal structure. The new measure [...]

Italy

Italy

07 Dec 2016

New policies aimed to attract foreign investors in Italy (Golden Visa)

On 7 December 2016, the Senate of the Republic approved the annual budget law, which provides an array of norms aimed at increasing the attractiveness of Italy for foreign investors. In particular, the new rules provide for a "golden [...]

Italy

Italy

27 Oct 2015

Government undertakes a partial privatization of Poste Italiane

Between 12 and 23 October 2015, the Italian Ministry of Economy and Finance - the sole shareholder of the mail-based conglomerate Poste Italiane - initiated a partial privatization of 38.2 per cent of the share capital in the company. [...]

Italy

Italy

25 Jun 2014

New tender offer threshold

The Italian Council of Ministers enacted Law Decree No. 91 of 24 June 2014, which was converted into law and confirmed by the Italian Parliament on 11 August 2014. The Law Decree (as amended by the conversion law) reduced the mandatory [...]

Italy

Italy

07 Jun 2014

Regulating the investment review mechanism

On 7 June 2014 and 1 August 2014 three decrees that regulate the functioning of the investment review mechanism that ensures the protection of public safety and national essential security interests in Italy came into effect: The [...]

Italy

Italy

21 Mar 2014

Regulation identifying procedures regarding investments in strategic sectors

The Decree of the President of the Republic of 19 February 2014 assigns to the Prime Minister the task of coordinating the activities for the exercise of the special powers in the defence and national security sector. To this aim, [...]

Italy

Italy

21 Nov 2013

Presents privatization plans

The Government of Italy has approved plans to sell up to €12 billion in assets. It will, amongst others, sell a 3 per cent stake in the oil company Eni SpA holdings in shipbuilder Fincantieri SpA, SACE, and ENAV SpA, the air-traffic [...]

Italy

Italy

22 Mar 2013

Takes a 20% stake in Italian retail company Finiper

The Fondo Strategico Italiano (FSI) signed an agreement with the Italian retail company Finiper. The FSI will take a 20 percent stake in Finiper to support further growth through consolidation in a highly fragmented industry, but strategic [...]

Italy

Italy

11 May 2012

Establishes review mechanism for transactions in strategic industries

On 15 May 2012, the Law of 11 May 2012, No 56 entered into effect. It converted in law, with modifications, the Decree-Law of 15 March 2012 and establishes a mechanism for government review of transactions regarding assets of companies [...]

Italy

Italy

22 Mar 2012

Amends exit tax rules

Italy amended its exit tax rules to provide an optional deferral regime for the exit tax on deemed gains when an Italian company migrates to another jurisdiction within the European Union. [...]

Italy

Italy

05 May 2011

Passes decree on investment facilitation and tax break for R&D

The Government decree (decreto sviluppo) approved by the Cabinet on 5 May 2011 includes an easing of planning restrictions on property extensions and renovations, a reduction in red tape for companies bidding in public works projects [...]

Italy

Italy

31 Mar 2011

Decree allows interventionism to prevent foreign takeovers of strategic companies

Legislative Decree 34/2011 was issued in March 2011 to allow Cassa Depositi e Prestiti SpA (CDP) to acquire either shares or quotas of companies that are deemed to be "of national interest" - that is, companies that operate in a strategic [...]

Number of policy measures per economy (since 01 Jan 2010) 1 87