Italy (IT)

Jurisdiction Overview

IDQuestionAnswer
418 *Freeports: Are freeports/free trade zones/foreign trade zones/bonded warehouses promoted as places to store valuable assets (e.g. gold bullion, art, precious stones, jewelry, cash, antiquities, wines, cigars, cars)? No
 Data Date: 2019

Notes

 
According to the European Commission, there are three free zones operating in Italy. The official websites of the free ports of Venice and Trieste do not promote storage services for high value assets. No private actors where found to directly promote the uses of bonded or free zone facilities for such assets. However, a private company in the precious metals and diamonds business which otherwise offers storage services, indicated the availability of airport storage facilities for valuable assets at Rome and Venice airports. It is unclear whether such facilities are available to clients for non-transitory storage.

Sources

EC, Free zones which are in operation in the customs territory of the Union, as communicated by the Member States to the Commission (as of 21 August 2019), retreived on October 2019 at : https://ec.europa.eu/taxation_customs/sites/taxation/files/resources
 
http://www.porto.trieste.it/eng/port/free-port
 
https://www.swissworldcargo.com/en_US/products_solutions/vertical_industries/precious_commodities_banking_luxury-good
 
https://www.swissworldcargo.com/en_US/station-info?p_p_id=swcportalstationinfocontact_WAR_swcportalmapsofnetworkportlet&p_p_lifecycle=0&p_p_col_id=column-1&p_p_col_count=1&station=FCO
 
https://www.swissworldcargo.com/en_US/station-info?p_p_id=swcportalstationinfocontact_WAR_swcportalmapsofnetworkportlet&p_p_lifecycle=0&p_p_col_id=column-1&p_p_col_count=1&station=NAP
 
https://www.swissworldcargo.com/en_US/station-info?p_p_id=swcportalstationinfocontact_WAR_swcportalmapsofnetworkportlet&p_p_lifecycle=0&p_p_col_id=column-1&p_p_col_count=1&station=VCE