Administration with or without nominee registration of foreign assets (tax advantages)

Our company is authorized to fulfill the role of withholding agent where customers have agreed with administration without nominee registration of foreign assets to regularise their tax position in Italy.

This type of agreement may cover shareholdings in foreign companies, properties located abroad, liquidity, securities deposited with a foreign financial intermediary, or works of art held abroad.

The advantages of concluding agreements of this kind are:

• customer’s exoneration from the obligation to complete the RW section of their income tax return about the assets under administration without nominee registration;
• our company will act as a withholding agent for the income produced by the assets covered by this type of agreement;
• the customer maintains the foreign registration and localization of the assets while regularising the tax position in Italy.