Business Opportunities in the USA.

Business Opportunities in the USA

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Business Opportunities in the USA Market

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Living in Italy? Own property in Italy? Get Ready for Brexit.

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De Tullio Law Firm on Fortune Italia magazine

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Homes for 1 Euro in Sambuca

Homes for 1 Euro in Sambuca, Sicily (Italy)

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Select USA – Are you looking to expand business opportunities in the USA?

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Mr De Tullio meets the US Consul, Mr Patrick Horne

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Mr De Tullio meets the US Consul, Mr Patrick Horne The Consul for Political and Economic Affairs of the United States, Patrick Horne visited Martina Franca, where he met our managing partner, Mr Giandomenico De Tullio. Yesterday, 14 September 2018, the Consul for Political and Economic Affairs of the United States, Patrick Horne visited Martina Franca. His second stop on a […]

De Tullio Law Firm and the New York Times

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De Tullio Law Firm and the New York Times

De Tullio Law Firm’s second contribution for the New York Times

One year after our first contribution for the New York Times, De Tullio Law Firm was interviewed for the second time to provide, once again, potential investors in Italy with useful guidelines regarding the buying basics of the Italian conveyancing process.

This time, the article is focused on the Riviera Ligure, one of the most sought-after places of the Italian country, but the legal information provided herein are extended to the whole Italian territory.

The article includes critical information, such as Italian Notary’s fees (Italian Notaio’s fees), legal fees and Italian property taxes.

De Tullio Law Firm and the New York Times - Riviera Ligure

Buying basics in the Italian Riviera

There are no restrictions on most foreigners buying real estate in Italy, said Giandomenico De Tullio, a managing partner at the De Tullio Law Firm, which has offices in Italy and Britain.

Transactions are handled by a notary, whose fee is negotiable, but typically starts at around 1,500 euros (or about $1,860) and varies depending on the price of the property and the complexity of the deal, said Gianluca Giovannini, a notary in Livorno. For complicated transactions and sales involving foreigners, it is a good idea to hire a bilingual lawyer as well, said Mr. De Tullio, who estimated that a lawyer’s fee would be about 1 percent of the sales price. In addition, there is a 22 percent value-added tax on both services.

De Tullio Law Firm and the New York Times - Riviera Ligure by night

The stamp duty is the buyer’s biggest closing cost, at 2 or 9 percent of the property’s assessed value, depending on whether it will be a primary residence or a second home, Mr. De Tullio said. (To get the primary-residence tax break, buyers must typically establish legal residence in the municipality within 18 months of buying the property, he said.)

Other closing costs include a building registry tax of 50 euros (about $62) and several other taxes and fees that add up to a few hundred euros. A rough estimate of closing costs on a 1 million euro property is around 30,000 euros (about $37,000), Mr. De Tullio said, but he added that it can vary greatly.” Read the full article here.

Guide to Buying Abroad with Family

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The Overseas Guides Company Ltd released a guide to buying abroad with family. As they said, “a holiday home is perhaps the most life-enhancing thing you will ever buy. It helps you get to know and love another culture. It can be more relaxing than a package holiday to the tourist sites – a holiday whenever you want it, for ever, and to pass on to your children. […]

Guide to buying abroad with familyA holiday home abroad has the power to keep families together. Siblings might fight like cats and dogs as children, but many find they appreciate each other’s company more as they get older. Every Christmas you promise to see each other more often, but by the summer you’ve drifted apart again. For older children who don’t want to go on the usual family holiday, for students who don’t come home as much anymore, a holiday home can be the glue that holds the family together. […]

BUT:
We’ve all heard about families that fall out over money. How can you protect yourself, your investment and your closest relationships? You need legal protections that will endure down the generations. Read on for some great advice on this, from specialist lawyers. […] Read more