RELO NEWS
On December 26, 2016, The Ministry of Labour and Social Policy launched a new online portal to accept mandatory notifications from EU and non-EU employers seconding employees to Italy.
Employers are also required to report any updates to their employees’ information within five days of the change, maintain employee documentation for up to two years after the assignment end date, and appoint a company representative.
Italy has introduced a new visa category for investors. When it is fully implemented, the visa will offer qualified foreign investors an initial validity period of two years, renewable for three-year periods upon verification that the investment is maintained as outlined in the law.
Eligibility Criteria
The new visa will be available for those who meet the below criteria:
Invest a minimum of EUR 2 million EUR in government bonds, which have been untouched for at least two years;
On or after December 26, 2016, according to a policy change, EU and non-EU employers seconding employees to Italy will be required to submit an online notification through the Labour and Social Policy portal, report any updates to their employees’ information within five days of the change, maintain employee documentation for up to two years after the assignment end date and appoint a company representative.
Italy has begun to issue residence permits in a new format containing a microchip that stores the holder’s picture and fingerprint data, in accordance with a 2008 EU regulation requiring member countries to implement a card that meets uniform guidelines.
The microchip, which is not visible on the outside of the card, allows Italian and European police to instantly view and compare the card holders’ information with police and immigration databases.
It’s that time of year again, when I need to gently remind you, that in Italy, home searches in August are almost impossible to carry out. Italy essentially goes on vacation for the month of August with owners and relators going on holiday and therefore unavailable for viewings. In the early days of August, some viewings could be possible in Milan and Rome, but after the first five or six days of the month, all home searches will more than likely need to be put on hold until early September.
Realistically, home searches can start again from about September 6th or 7th, as one will need to wait for the owners to come back into town and to be available for viewings.
Coming to do a home search in mid-August will more than likely involve sitting in a hotel and waiting for things to start up again in early September, which can be extremely frustrating and unproductive. In addition to this, utility companies and public offices also work much slower during August as they are operating with reduced staff – therefore setting up phone lines and internet service during the month of August can be excruciatingly slow!
Our local partner in Italy will remain open for the entire month of August with the exception of Friday August 14th and Monday August 17th, when they will be closed for the National Holiday of Ferragosto.
Courtesy of Principal Relocation.
