Wednesday, May 27, 2009

Reggio to Salerno Motorway Contract Awarded

A group led by the Italian Maire Tecnimont has been awarded a 400 million-euro motorway contract in Calabria.

Maire Tecnimont, who has approximately 200 million euros of the proposed work, said in a statement the group would be responsible for building 20.5 kilometre section of a motorway between Salerno and Reggio Calabria.

Monday, May 11, 2009

Palm View - Site Work Begins

Work on the Palm View project has begun. There have been adverse weather conditions that initially delayed the start date, but now it is all systems go for this development.

I hope to be producing photos as often as possible on this blog.

Thursday, May 7, 2009

More Blue Flag Beaches in Italy

The total number of Italian beaches that have achieved the Blue Flag accolade has grown again. The announcement was made by the International Foundation for Environmental Education (FEE) on Wednesday.

The region now has 227 resorts that have been successful in passing the FEE's tests for water and sand quality, that is 12 more than the previous year.

Now Italy is number 5 behind Spain and Greece, both of these countries having over 400 each, France and Turkey have 200. There are now 113 environmentally highly ranked beaches in Italy.

Sicily, Calabria and Lazio all gained one to stand on 4 while Friuli and Sardinia claimed two as in 2008.

The factors that are accessable are water quality, environmental information and safety, cleanliness, provisions for waste and recycling and strict zoning of different beach activities.

Wednesday, May 6, 2009

Wind Farm Deal Signed and Sealed

Enel Green Power finally signed the agreement with Eurus Energy Europe enabling them to obtain control of 50% of wind power projects being developed at sites in the Calabria region.

Enel Green Power boss Francesco Starace stated, "The construction of these wind facilities will significantly increase the installed wind power capacity of Enel Green Power in Italy. At the end of 2008, Enel Green Power's installed wind power capacity in Italy had risen to 380 MW. "

This finalizes the San Sostenne wind farm I mentioned in my earlier post.

Tuesday, May 5, 2009

Keep an Eye on The Euro This Week

The European Central bank is widely expected to reduce interest rates to a record low this week. The Euro is currently weakening because of this so it may be a good time to buy the currency.
Keep your eyes peeled on the rates as there may be some other measures take by the ECB that may further weaken the currency initially.

Rick Stein in Puglia and Sicily

Rick Steins tour of Europe found him visiting a fish market in Sicily and touring and experiencing some real culinary delights in Puglia.

In typical fashion he described the region as "like Spain before the tourism" and clearly loves the place as he has been on holiday there for the last three years! The rustic simple cuisine he showed us is what I love about Southern Italy.

I particularly enjoyed the time he spent with the Mcalpine family who owned the convent hotel and restaurant, Mr. Mcalpine had been brought up in The Dorchester, so he knew a thing or two about food, but decided simplicity and the warm sun of southern Italy was where he most wanted to be.

Increase in Searches for Calabria property

Checking Google advertising statistics it shows on average 6600 monthly searches are being performed on Calabria property. Given the uncertain economic climate it shows that globally people are perhaps looking past the recession.

We have noticed a considerable upturn in enquiries from the Scandanavian and Russian markets, both of whom give competitive pricing as a reason to look into the Calabria property market.

Monday, May 4, 2009

Calabria property Purchasing From a Non-Eu Country

Given the increased level of purchasers from outside the EU I thought I would give a brief insight into residence permit -

Non-EU citizens who wish to stay in Italy for more than 90 days must apply for a residence permit (“permesso di soggiorno”), issued by the District Headquarters of the Police of State (“Questura”). Staying in Italy without such authorization may result in the immediate deportation from the Italian territory.
The residency permit issued by Italy also allows the non-EU citizen to stay in all the other EU countries (with the exception of United Kingdom) for a maximum period of
90 days without any need of visa issued by such countries.

Yearly, the Italian government sets out immigration quotas divided per country of origin and type of residency permit. An average of 150.000-200.000 residency permits
are issued every year (last year over 700.000 applications were made).

In order to obtain the residency permit, the non-EU citizen must fulfil two crucial conditions:

1) he must have a job in Italy granting him and his family (should he wish to have
his family in Italy as well) adequate economical resources;

2) he must have the availability of a adequate lodging on the Italian territory.
In light of the above, non-EU citizens owning properties in Italy cannot apply for a residency permit adducing this sole reason.

A specific type of residency permit (choice of residency permit: “permesso di soggiorno per residenza elettiva”) may be issued should the non-EU citizen be able to prove the availability of ample economical resources coming from properties rentals, pensions,etc.

In such case the condition of having a job in Italy is not required.

Moreover, this type of residency permit is very difficult to obtain, due to the wide discretion that Italian authorities have in the assessing of the economical resources of the applier.
On the other hand, it is possible to get the residency permit in Italy taking advantage of certain Italian immigration rules favouring foreign companies in doing business in Italy. The quotas rule explained above does not apply to this type of residency permit.

The applicant should be employed by a foreign company, which will grant him a salary
and an adequate lodging. Depending on how high the salary granted is, even the
spouse and the relatives of the applicant may apply for this type of residency permit.

The first step to take is the incorporation of a foreign company. Strongly recommendable for that purpose is the UK Limited Liability Company (LTD), due to its strong reputation worldwide and its management flexibility.

The following activities should be carried out:

a) incorporation of the company (chosing case by case the best option in terms
of name of shareowners); it is understood the applicant should have the full
control of such a company;

b) appointment of a nominee director, acting on behalf of the company through a
power of attorney;

c) management of the company and drafting of the annual balance;

d) drafting of the “apostille”, giving legal effect abroad to the relevant documents
of the company;

e) drafting of the employment contract between the company and the applicant.
The second step to take is the registration of the foreign company in Italy and the registration of the employment contract to the competent Employment Office.
The following activities should be carried out:

a) registering the company at the competent Chamber of Commerce, appointing a fiscal representative on Italian territory;

b) applying for the registration of the employment contract to the competent Employment Office;
c) looking after all the legal and fiscal duties connected to the presence of a foreign company in Italy.

After that, the due documentation will be submitted to the competent Italian Consulate, so that the applicant will be able to apply there for the entry visa. The Italian Consulate will issue a employment visa, allowing the Non-EU citizen to enter in Italy and to apply for the residency permit.

In this further step the activities to be carried out will be as follows:

a) drafting of the applications required for the issuing of the residency permit;

b) finding a suitable lodging in Italy.

The foreseen timing for the completion of the whole procedure will be six-seven

Once the applicant has obtained the first residency permit (whose length is connected
to the length of the employment contract granted by the foreign company: usually 1 or
2 years), he has the right to obtain its renewal.
After 5 years of residency permit, the applicant has the right to apply for a “long duration residency permit”, which, unlike the “basic” one, does not need to be renewed.