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What is the Superbonus and how to benefit from it, even if you don’t pay Italian income tax
It’s recent news the Superbonus 110% has been recently extended to 2023, and this is great if you intend to renovate your home. Superbonus 110% isn’t the only available tax break on house renovations; find out how you can save on your taxes whilst renovating your Italian home.
VAT DIRECT REGISTRATION IN ITALY
If you have a VAT number in your EU country and you want to sell to individuals (with no VAT number) in Italy, you are required to have a VAT number in Italy. Back in the days, you were required to set up an entity in Italy or have a fiscal representative located here; this process is costly and develops multiple tax and accounting issues.
Massive discount in Business setup cost at DAFZA
Dubai Airport Freezone Authority popularly known as DAFZA, is becoming a potential opportunity for the business starters with attractive packages and reduced costs for business registration, license, visa etc.
It is an initiative by the authorities to attract the new businessideas and investments. Earlier, it was a distant dream for business starters to choose DAFZA, now it has become a reality, bringing smile on the faces of entrepreneurs.
The reduction in business setup cost aims to boost the competitiveness of the freezone and attract the foreign direct investment in Dubai. This step will not only enhance the investment growth but also add further stability to the freezone companies.
DAFZA has reduced the registration charges by 65%, license fee by 33%, and staff visa fees by 20%. This has made easier and cost effective for all the companies that want to setup business here. In addition to this, Establishment Card issuance fees have been cut by 17% and Board Resolution and Memorandum of Association (MOA) issuance fees have been waived off.
Many more such incentives are in line and we can expect it in the near future with an objective to offer greater flexibility to the investors in choosing the business and service activities that best correspond to the nature of their work.
This is indeed a best opportunity for all the entrepreneurs who are planning to setup business in Dubai. If you want to take advantage of all the incentives provided by DAFZA and setup business in DAFZA, do contact us. AURION team is always available to all the aspiring entrepreneurs who wish to setup their business in Dubai.
AURION being a top business consultancy, will be one point of contact to setup your business in Dubai Airport Freezone at minimal cost.