Italy (IT)

Jurisdiction Overview

IDQuestionAnswer
439 *Freeport Owners: Is information on legal and beneficial owners of assets stored in freeports/free trade zones/foreign trade zones/bonded warehouses always registered by a government agency, and sent to respective countries of residence of the owners? Not applicable
 Data Date: 2019

Notes

 
As free zones and/or bonded warehouses were not found to be promoted for the storage of high value assets, this question is not applicable. However, the European Union legal framework provided by the Union Customs Code (2013) and regulations thereunder (2015/2446 and 2015/2447) does not impose on Member States an obligation to request ownership data for assets entering free zone or customs bonded storage.

Sources

https://ec.europa.eu/taxation_customs/business/union-customs-code/ucc-legislation_en