Investments

A holding company isn't just a container for shareholdings. It's a center for managing capital, corporate decisions, and asset flows. In an international context characterized by investment mobility, tax transparency, and a growing focus on economic substance, its function cannot be reduced to mere tax efficiency.

Foreign investment doesn't just concern companies formally incorporated abroad. It more fundamentally concerns the relationship between a company's declared headquarters and the place where decisions are actually made. In a context of increasing tax transparency, administrative cooperation, and attention to economic substance, governance has become a tax variable.

Tax & Wealth Perspectives is a LEGEX analytical platform dedicated to the legal interpretation of economic trends. The newsletter explores international taxation, wealth governance, cross-border investments, global capital flows and geopolitical scenarios through an integrated approach. In a context shaped by economic fragmentation, increasing State intervention and greater mobility of wealth, law becomes an essential instrument for understanding and ordering global complexit

Italy’s real estate market continues to attract international investors, but the success of an investment largely depends on its legal and tax structuring. This article outlines the main strategies adopted by foreign investors, including the use of Italian SPVs, international holding companies and structured financing. It also examines key issues such as permanent establishment risk, the applicable tax regime and governance mechanisms designed to ensure efficient management a

The article examines how international investors can structure investments in Italy through European holding companies. It outlines the main strategic and tax advantages, including the application of the EU Parent-Subsidiary Directive, the treatment of dividends and capital gains, and the role of double tax treaties. Particular attention is given to substance requirements and governance issues in cross-border investment structures.

International Investment Asset protection and new tax challenges in the post-CRS global context