The Most Comprehensive Guide to Non-Refundable Funds in Italy – All You Need to Know
Not refundable funds are a type of investment that can be used to generate income. They are non-refundable, which means they cannot be redeemed for cash.
If you have considered this type of investment but have had a few questions about it, this article will answer you. There are various ways to invest in non-repayable funds and the most common is through a financial institution.
This means depositing money with an institution for an agreed period of time in order to generate the desired income by carrying out the business agreed in the application for release of the funds.
Non-refundable funds offer investors a way to generate income without having any risk associated with them. They can be used to purchase equipment, machinery, real estate and other things.
Not Refundable Funds – When do they Apply?
Non-refundable funds are for those who want to invest in the company and not the product. They are often used for startup companies because they need to invest all their money on the product and not worry about refunds.
Not Refundable Funds in Italy – Who is the ‘Purchaser’?
The Italian civil code defines “customer” as someone who acquires ownership of the goods by paying the price.
This means that if you buy something in Italy, you are considered a buyer and you will be liable for any damage to the goods.
The client is also responsible for the funds and cannot spend the money received except in the way possible.
Conclusion
If you have had access or want to have access to this procedure, it is easy for you to break the law if you are not guided in carrying out a suitable investment project.
To have this guide, and also simply to have the specific references to follow in Italy, contact us by filling out the form below. We will be by your side and guide you.