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A step forward for Italian investors
Trade Republic, the Berlin-based challenger bank, has announced the introduction of the regime administered in Italy, an innovation that promises to significantly simplify the tax life of investors. This new system automates the payment of investment taxes, allowing clients to focus on building their long-term wealth without having to worry about calculating and filing taxes. With this move, Trade Republic positions itself as a pioneer in the sector, offering a service that eliminates one of the main barriers to entry for young Italian savers
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Advantages of the administered regime
The administered regime allows Trade Republic to act as a withholding agent, automatically calculating and withholding investment taxes on behalf of customers. This means that all new customers, starting today, will be able to invest in a wide range of stocks and ETFs, benefiting from competitive rates and an intuitive user interface. Emanuele Agueci, Regional Manager Italy, Ireland and the Baltics of Trade Republic, said: “We are the first challenger bank to automate taxation for its customers, removing an important barrier to first investment for
millions of young Italian savers.”
A current account with exclusive advantages
In addition to the introduction of the administered regime, Trade Republic has also launched an Italian IBAN and a current account that offers an annual interest of 3%. These innovations make Trade Republic an ideal ecosystem for those who want to grow their savings in a simple way and create lasting value in the long term. With millions of customers in 17 European countries and more than 100 billion euros in assets under management, Trade Republic is establishing itself as a reference application for savings management, offering accumulation plans, fractional investments in shares, ETFs, bonds, derivative instruments
and cryptocurrencies.
A promising future for Trade Republic
Founded in 2015 by Christian Hecker, Thomas Pischke and Marco Cancellieri, Trade Republic is a full-service bank, supervised by the Federal Financial Supervisory Authority (BaFIN) and the German Central Bank. It has received growth capital from prestigious global investors such as Accel, Peter Thiel’s Founders Fund, Ontario Teachers’ Pension Plan, Sequoia, Creandum and TCV. With the introduction of the administered regime and an increasingly wide range of services, Trade Republic is preparing to conquer the Italian market, offering innovative solutions for investors
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