PURCHASE AND SALE
Commercial property for sale in Italy
Find a commercial property in Italy
When businesses or investors are looking to Italy to purchase commercial real estate, several factors must be taken into consideration. People need to know how to find commercial properties located in the most suitable areas, what financial and tax resources are available, and what contractual assistance is provided.
We seek to provide consultancy services to help investors and owners find commercial properties throughout Italy, and to ensure that they know all legal, tax, and business obligations to do so without wasting time and money.
When looking to find properties to invest in, the vast number of tourists and well-established hospitality-related industries should be taken into consideration. Most surveys in Italy suggest that hotels, B&Bs, agriturismos, and farms in the accommodation market are the fastest-growing segments.
These sectors are the most prominent real estate-focused areas for commercial development and investment in Italy. However, legislation in these areas can be bureaucratic and complex.
There are various permits, licenses, authorizations, spatial requirements, and land registry classifications for both hotels and B&Bs. These requirements and laws must be adhered to, to invest in and operate commercial properties in Italy.
Business and tax consulting for real estate purchase in Italy
Italy’s thriving commercial property market attracts many companies and investors from around the world. In order to get through those investments is important to find trustworthy and capable business and tax consultants to navigate tax laws, corporate structures, regulations, and various EU legislations.
Foreign corporate companies investing in Italian properties should keep in mind the 1990 EU Mother-Daughter Directive, which allows for tax exemptions to be paid to parent companies, to avoid double taxation.
Companies that purchase commercial property such as a Hotel or B&B must incorporate their business according to current Italian legislation. There are, however, three types of incorporation.
Limited Liability Company (LLC)
A Limited Liability Company means there is no limit to shareholders, and liabilities are limited to owners.
S Corporation
Establishing a Simple Convenience Company allows for unlimited shareholders and no limit on partner responsibility.
Sole Proprietorship
Finally, a sole proprietor can be founded with personal assets, but the owner holds all liability.
How to invest in the Italian hospitality sector
In general, there are three steps to opening and investing in a B&B. The first step involves establishing the incorporated company, 30 days before the commencement of activities. The business must also be registered with the Business Register of the Chamber of Commerce (the one linked is from the Camera di Commercio di Milano).
Second, owners must submit a SCIA application to the local authorities, and providing the owner’s ID and tax code, the property location, the number of beds, detailed information on toilets, and any other complementary services offered.
The final step is to be compliant regarding the 2019 Italian Security Decree, that extends the Obligation to notify the Police Headquarters to short-term rentals too. The owner/manager must submit guests’ information to the authorities electronically, including the customers personal details. All stays less than 30 days must be communicated to the Italian Police Housing Dept. services via the Portale Alloggiati. Stays longer than 30 days must be registered with the Italian Revenue Agency.
It is not only important to gain consultancy assistance when planning commercial investment, but also to engage in planning for these types of ventures. Considering the economic downturn caused by COVID-19, businesses must plan and do their due diligence.
Business and tax planning for real estate purchase in Italy
Surveys show that the most profitable commercial investment in Italy now is purchasing a property for commercial use.
Italian rental gross yields
These purchases are found to register over 10% gross yield. However, to capture these immense gains, foreign companies must carefully plan their actions and investments and stay plugged into local market projections.
Planning is most effective with on-site, reliable branches or professionals who can provide guidance and expertise on the most profitable investments. Therefore, we provide relevant business and tax plans and research to optimize costs of opening, inform investors of the necessary documentation, assist in other regulatory changes, and help guide changing markets.
Based on this careful planning and consulting that is often suggested, it is seen that purchasing a comemrcial property is a monumental step for most business owners that often requires assistance.
Contractual assistance and planning for purchasing a commercial property in Italy
Thus, purchasers must be aware of different types of commercial properties, and different types of contractual assistance and planning criteria for purchasing commercial real estate.
4 Types of Commercial Properties
There are four types of commercial properties that purchasers must be aware of, which include:
- leisure properties such as hotels, motels, B&Bs, hostels, and cinemas;
- industrial properties, including warehouses and wholesale spaces;
- offices and commercial spaces;
- retail real estate buildings.
Purchasers must do their due diligence, and work with parties such as lawyers (via special power of attorney) and real estate agents to plan and purchase commercial properties. This includes understanding the property valuation, submitting proposals, signing preliminary contracts, and signing final deeds to the property — along with any other municipal planning and purchasing documents.
Our team of expert lawyers, agents, accountants, and other professionals will help you not only understand the market, but to prepare all required documents, and make the planning and purchase of commercial real estate as seamless as possible.
To encapsulate the Italian commercial real estate market, it is important to understand the investment promotion bonus in this market. COVID-19 saw a boost in the Italian real estate market, with both investment and tourism growth.
Although 80% of typical hotels in Italy are family-run, there is a change underway in the market. Foreign property investment in 2019 exceeded 2.5 billion Euros, and this is on the rise as investors continue to gain interest in purchasing hotels and other commercial structures.
Our services: finding commercial real estate to buy in Italy
Thus, investment opportunities are not lacking throughout Italy in the real estate sector. There are plenty of opportunities for investors to enter Italy in the current market in key areas like Rome, Milan, Florence, and Venice.
Therefore, we provide support for investors and purchasers seeking commercial properties in Italy. We provide the legal, regulatory, market, business, and tax guidance to help entrepreneurs and businesses navigate regulations and other complex aspects of the market to save time and money.
With our expert team, we provide foreign investors throughout the EU and beyond with diverse portfolios of properties and businesses currently on the market and help them perform the due diligence needed to find success investing in the Italian commercial property market.
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