New Regulatory Context for Lending by Foreign Institutional Investors in Italy

February 13, 2015

On January 24, 2015, Law Decree n. 3/2015 has been published on the Official Journal of the Republic of Italy. It is aimed to introduce several new rules to stimulate Italian economy and attracting foreign investments, by removing certain hindrances and introducing tax incentives for indirect lending. Among many provisions touching upon different areas of law, the law Decree enlarges the scope of certain provisions of Law Decree no. 91 of 24 June 2014 on indirect lending ultimately deregulating it. The main provisions of Law Decree 3/2015 touches upon: (i) direct lending to exporters by Italian ECA SACE, (ii) special regime for innovative SMEs, (iii) special tax incentives for patents and trademarks, (iv) additional sources for financing for SMEs, (v) tax regime of medium-long term financing when provided by foreign lenders. LNA Member Firm Studio Legale Padovan, which enjoys a first class reputation in Italy for its financial regulation and banking practices, has prepared a Client Alert that provides a summary of the most significant tax incentives for medium-long term financing in Italy provided by foreign institutional investors.

Client Alert Lending by Institutional Investors February 2015.pdf