Pininfarina of America, subsidiary of the iconic design firm, celebrated its 10th anniversary with a special event held in Miami. The celebration took place on December 8th, during the weekend of Art Basel, at the prestigious The Concours Club – an exclusive members-only automotive country club in Opa-Locka. Significantly, the Club’s Events Center, set to open early in 2024 has been designed by Pininfarina itself. In addition to showcasing its innovative design collaborations, through images and activations during the event, many iconic cars designed by the brand, have been display during the occasion.
In the past decade, Pininfarina of America has partnered with major brands such as Coca-Cola, GE, Lenovo, The Related Group, Cisco, and 200 others, designing top-line products, architectural projects and groundbreaking design ideas that have received major award recognitions, such as, the International Architecture Award, Fast Company, Red Dot Design Awards, and many more.
Pininfarina of America’s rapid growth has been fueled by the loyalty of its clients, with nearly two-thirds becoming recurring customers. This focus on client satisfaction has led to consistent growth in the company’s business, which has seen double-digit increases for five consecutive years, including becoming the number one Italian signature in the world for number of branded residences.
Headquartered in Miami with a satellite office in New York City, and with clients scattered across north and south America, Pininfarina of America’s multi-faceted client offering includes architecture and interior design, industrial and product design, nautical, transportation, UX and UI, and more.
Pininfarina of America is also dedicated to sustainability and actively contributes to its local communities and industries through a range of ESG initiatives in both Miami and New York City. The company is also focused on the well-being of its employees and has received the prestigious Great Place to Work® certification for the past three consecutive years.
Follow this link to view the 10 years celebratory video of Pininfarina of America: www.youtube.com
Frascione Gallery, an esteemed gallery in Florence, Italy, is embarking on its expansion into the United States with the launch of its second gallery set to grace the prestigious Worth Avenue in Palm Beach.
Frascione Gallery is renowned for Old Master masterpieces and will now also offer art aficionados a curated selection of Modern and Contemporary art.
Nestled in the Via Amore courtyard, the new Frascione gallery epitomizes European sophistication and elegance, reminiscent of its Florence counterpart situated on the historic Via Maggio. The gallery’s address is 256 Worth Ave. Via Amore, Suite O, Palm Beach, FL 33480, and more information can be found at Frascione.com.
Federico Gandolfi Vannini, the fourth-generation owner, along with his wife Daisy Diaz, Frascione’s cultural director, are dedicated to seamlessly integrating museum-quality works in today’s interiors.
“Art is timeless,” comments Gandolfi Vannini. “While we continue to collaborate with museums and traditional collectors, we are excited to showcase works by the great Old Masters beyond museum walls and investment portfolios, alongside 20th and 21st-century art, which speaks volumes to the contemporary mindset. It reframes art history while offering a fresh perspective on collecting art.”
Details about the opening exhibition and the gallery’s inaugural debut at the Palm Beach Show – AKA the Palm Beach Jewelry, Art & Antique Show from
February 15 to 20, 2024, at Booth 400/501, will be unveiled in the next two weeks.
About Frascione Gallery
Frascione Gallery, founded in 1893 by Enrico Frascione, specializes in European paintings from the 14th to 17th century, with a focus on the Renaissance.
the gallery debuts Frascione Palm Beach in February 2024, harmonizing Old Master paintings with modern and contemporary art.
Offering tailored consultations, it collaborates with art historians and contributes to academic publications. Frascione serves a global clientele, solidifying its status as a beacon of artistic excellence.
FinCEN Extends Reporting Deadline for New Companies
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) finalized a rule last month to extend the deadline for companies created or registered in 2024 to file their initial beneficial ownership information reports. The rule will require most U.S. corporations, limited liability companies, and other entities created in or registered to do business in the U.S. to report information about their beneficial owners—the persons who ultimately own or control the company—to FinCEN.
With the most recent amendment, the reporting deadline for companies created or registered in 2024 is extended to 90 days from the receipt of public notice of their registration instead of the 30 days initially proposed.
What are the important dates and deadlines for reporting?
This new ruling will go into effect on January 1, 2024.
Companies that existed before January 1, 2024 will have one year to submit their first report (by January 1, 2025).
Companies created or registered after January 1, 2024 and through the end of the year will now have 90 days to submit their first report after they are established.
Companies created or registered on or after January 1, 2025 will still only have 30 calendar days to submit their first report after they are established.
Additionally, after submitting the initial report, all companies will have to update the information about their owners within 30 days of any changes.
Who is considered a “beneficial owner”?
In general, a beneficial owner is any individual (1) who directly or indirectly exercises “substantial control” over the reporting company, or (2) who directly or indirectly owns or controls 25 percent or more of the “ownership interests” of the reporting company.
Whether an individual has “substantial control” over a reporting company depends on the power they may exercise over a reporting company. For example, an individual will have substantial control of a reporting company if they direct, determine, or exercise substantial influence over, important decisions the reporting company makes. In this regard, any senior officer is deemed to have substantial control over a reporting company. The ownership interests can include simple things like regular shares of stock or more complicated arrangements. According to FinCEN, they expect the majority of companies to have straightforward ownership structures.
What companies will be required to report?
Certain companies—referred to as “reporting companies”—will be required to report their beneficial ownership information to FinCEN.
A domestic reporting company is defined as:
a corporation,
a limited liability company, or
any other entity created by the filing of a document with a secretary of state or any similar office under the law of a state or Indian tribe.
A foreign reporting company is any entity that is…
a corporation, limited liability company, or other entity formed under the law of a foreign country, AND
registered to do business in any U.S. state or in any Tribal jurisdiction, by the filing of a document with a secretary of state or any similar office under the law of a U.S. state or Indian tribe.
If you had to file a document with a state or Indian Tribal-level office to create your company or to register it to do business if it is a foreign company, then your company is most likely a reporting company, barring any applicable exemptions.
For the definitions of both domestic and foreign reporting companies, a “state” means any state of the U.S., the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, American Samoa, Guam, the U.S. Virgin Islands, and any other commonwealth, territory, or possession of the U.S.
However, if an entity qualifies for one of the 23 exemptions in the Corporate Transparency Act, they will not be considered a reporting company, and therefore not required to file a report. This includes banks, credit unions, and more. (Note: A full list of exemptions can be found here. If you would like to discuss these exemptions and determine qualification, please contact us today.)
What information will companies have to report?
A reporting company will have to report:
Its legal name;
Any trade names, “doing business as” (d/b/a), or “trading as” (t/a) names;
The current street address of its principal place of business if that address is in the United States (for example, a domestic reporting company’s headquarters), or, for reporting companies whose principal place of business is outside the U.S., the current address from which the company conducts business in the U.S. (for example, a foreign reporting company’s U.S. headquarters);
Its jurisdiction of formation or registration; and
Its Taxpayer Identification Number (“TIN”).
A reporting company will also have to indicate the type of filing it is making (that is, whether it is filing an initial report, a correction of a prior report, or an update to a prior report).
We’re here to help
Although reporting will begin in January 2024, there is not yet a landing page on FinCEN’s website to do so. Once it is launched and operational, you will report your company’s beneficial ownership information electronically through a secure filing system available there.
If you would like to understand more about this filing or its qualifications, or you’d like to inquire about exemptions, contact us today. As with any new ruling, we encourage you to reach out to your tax advisor with any questions or concerns you may have.
By Fernando Lopez, International Tax Services Partner
TeamLogic IT is a national provider of advanced technology solutions for companies of all sizes, with more than 270 independently owned and operated locations across North America, TeamLogic IT helps companies minimize downtime and improve productivity by providing IT services and technology support.
A native of Italy who now resides in Miami, Guido has worked and lived in several countries throughout Europe and Latin America. His educational background is in business and engineering, and he worked 30 years for a multinational information and communications technology business. His tenure there gave him a broad base of experience in IT, networking and communications technology, and business development and operations.
“The need for reliable IT-managed services continues to increase, and I’m looking forward to serving businesses throughout Miami that need a strong technology partner to secure their infrastructure, enable remote work and ensure business continuity,” Guido said. “I’m committed to helping SMBs find technology solutions that reduce costs, improve efficiencies and maximize their technology investments while delivering a white-glove service experience.”
TeamLogic IT has been named the 2020 and 2021 MSP (managed services provider) of the Year by Channel Futures and the No. 1 technology franchise by Franchise Business Review.
The company has also been recognized by Inc., Entrepreneur, Franchise Times and other organizations as one of the fastest-growing
private companies in America.
“The combination of being able to provide world-class IT services because of our nationwide presence, combined with the benefit of local management teams, has allowed TeamLogic IT to experience significant growth over the past few years,” said Dan Shapero,
DARIO SNAIDERO CELEBRATED THE GRAND OPENING AT THE MANDICASA MIAMI FLAGSHIP SHOWROOM
On May 11th President Dario Snaidero and CEO, Alberto Snaidero of LUXITALY Group hosted almost a hundred and fifty architects, developers, and interior designers for the Grand Opening of the MandiCasa brand’s Miami Flagship showroom.
Joining Dario and Alberto were the VP of Multi-Housing Giulio Petrilli, along with Ana Gladstone and the complete MandiCasa Miami team and Miami design professionals toasted t MandiCasa’s grand opening with Italian fine wines, cocktails, and delicacies while enjoying the stunning selection of Made-in-Italy designs.
Wine Import & More provided the Scarpetta Timido Wine from Friuli, the same Italian region were MandiCasa’s kitchens are manufactured.
Guests included Miami Designers Hugo Mijares, Carlos Valenti, Varlos Castaneda, Vlada Finsky and more.
Istituto Marangoni Miami at Cabana Lounge Design Exclusive
Istituto Marangoni Miami debuted its major interior design presence at the CABANA International Trade Show last July 8-10, 2023 at the Miami Beach Convention Center.
Founded in Milan in 1935, Istituto Marangoni Miami offers a unique blend of academic learning with creative and practical activities interlaced with its rich Italian heritage. Throughout its nearly 90-year history, Marangoni has contributed to shaping countless key figures of the fashion and design industries around the world as well as spring-boarded the careers of thousands of students who have gone on to join the world’s most prestigious brands.
Cabana trade show is a carefully curated environment that presents a stylish world of fashion and lifestyle, bringing together top brands and retailers in Miami. With categories spanning a huge array of swimwear, resort wear, accessories, jewelry, activewear, and footwear, Cabana ultimately connects brands, retailers, and industry trendsetters who are inspired by a sense of discovery.
This exclusive collaboration opened the opportunity for the creation of an inviting Lounge designed by talented Interior Design student, Pavitra Thakkar. Her design manifests her outstanding skills and unique perspective, which seamlessly resonates with her Indian heritage. Drawing inspiration from Miami’s vibrant atmosphere, Pavitra has ingeniously crafted a lounge area that embodies the city’s prominent pink color.
Executive Director Nevio Boccanera of The Italy-America Chamber of Commerce Southeast- Miami, also expressed that the Lounge has uniquely fostered interaction and relaxation while establishing a dynamic connection with the exhibitions at Cabana.
Overall, the Cabana Lounge Project conveys an immersive learning experience to challenge the students’ creativity and sensitivity. The awesome Lounge just manifests that the school empowers design students to embrace a disciplined process and assertively deliver their own cohesive spatial syntax, says Dr. Thelma Lazo-Flores, Dean of Interior Design.
Bonfiglioli Consulting USA is proud to announce a new collaboration with Lincotek Medical, a leading global contract manufacturer providing full-service medical device development and manufacturing for the orthopedic market. The goal of this partnership is to significantly reduce throughput times and improve efficiency and reliability by launching a profound manufacturing efficiency program based on lean principles in the 4 American manufacturing plants.
This exciting partnership will focus on optimizing the performance of the corporation’s manufacturing facilities by identifying improvement opportunities and defining a future state model that can be achieved within a reasonable timeframe.
The multi-site project will involve a comprehensive range of activities, including a preliminary analysis of each plant to understand the value stream and identify root causes, followed by the development of a prioritized list of actions. The Bonfiglioli Consulting team will then work closely with the corporation’s staff to provide training on lean principles specific to the actions identified in each plant.
The project will also involve the optimization of multi-site production impacts, a preliminary analysis of the supply chain, and the analysis of the manufacturing footprint.
Bonfiglioli Consulting-Octagona is a globally recognized one-stop-shop consulting group with over 100 consultants operating in 12 offices worldwide. Specializing in strategy, organization, operations, sales, digital transformation, sustainability, and training/certifications as a certified excellence partner of Bosch, the group brings a wealth of experience and expertise to the project.
Lincotek Medical, headquartered in Italy, is the medical division of Lincotek, a family-owned Group that has served global markets for 50 years. The business has more than 1,700 employees located in 20 production facilities across Europe, North America, and Asia.
ITA Airways launches today a new communication campaign for the North American market
After kicking off in Boston, it will roll out in Los Angeles, Washington, and San Francisco
122 Weekly Roundtrips, ITA Airways is strongly investing in connectivity for US travelers between North America, Italy, and the Mediterranean
Rome/New York, 13 April 2023 – ITA Airways continues to invest on its intercontinental network and launches a new communication campaign with focus on the North American market. Today the advertising campaign kicks off in Boston, which will be followed by Los Angeles on April 18, and the new North American destinations of Washington and San Francisco, scheduled to launch respectively on April 20th and April 28th.
The strategic importance of the US market is highlighted by the fact that during the first half of the year 6 advertising campaigns have been planned in the cities and surrounding areas of New York, Miami, Boston, Los Angeles, Washington and San Francisco. Where the ones in Washington and San Francisco, will aim to promote and inform regarding the start of the new flights.
Overall, the goal of these advertising campaigns is to continue growing the awareness towards the ITA Airways brand and support local commercial efforts. From a media perspective they are multi-channel campaigns, mostly involving impactful and highly visible digital out-of-home locations as well as a strong online presence. On the creative side, the messages aim to create a direct link between the airline and Italy, mixing beautiful and inspiring images of Italy with the corporate blue of the brand.
The Unites States is the first international market for ITA Airways and the most strategic market after Italy, as well as the country with the highest number of citizens with Italian origins. Therefore, direct flights from the North America to Italy are not only routes for leisure and business travel, but they provide connectivity to the Italian community.
With direct flights connecting Rome Fiumicino and Milan Malpensa to New York, Miami, Boston and Los Angeles, ITA Airways aims to be the reference carrier between North America and Italy and via Rome to Europe and the Mediterranean. Moreover, with the new north American destinations that will open in summer operated from Rome Fiumicino to San Francisco and Washington, the Company will operate 122 weekly roundtrips between North America and Italy in the heart of the summer season.
ITA Airways 2023 Summer schedule includes flights to 64 destinations, including 21 national, 33 international and 10 intercontinental. In addition to the new intercontinental routes in the North American market, which are the big feature of its summer season, the Company will reach the most popular Mediterranean destinations with flights to the islands of Italy, Spain, Greece and Croatia. ITA Airways is operating seasonal flights from Rome Fiumicino and Milan Linate to Lampedusa, Pantelleria, Ibiza, Palma de Mallorca, Menorca, Heraclion, Corfu and Rhodes; moreover, the destinations of Kefalonia and Split will be served from Rome Fiumicino.
Information on ITA Airways flights is available at ita-airways.com, or through the company’s call center, travel agencies and airport ticket offices.
For press information: Nicolò Mardegan – Head of Communication and Institutional Relations Mail: media@ita-airways.com
About ITA Airways
ITA Airways is a company totally owned by the Italian Ministry of Economy and Finance for the exercise of business in the air transport sector. ITA Airways aims at creating an efficient and innovative air carrier that will become a reference point in providing Italy with quality connectivity both in terms of international destinations, thus boosting tourism and foreign trade, and within the Country, also taking advantage of the train-air integrated mobility. ITA Airways will place the best customer service at the center of its strategy (through a strong digitization of processes that ensure a best-in-class experience and personalized services), combined with sustainability, in its environmental (new green and technologically advanced aircraft, use of sustainable fuels), social (equality and inclusion for a gender-neutral company) and governance (integration of sustainability into internal strategies and processes) aspects. ITA Airways is a member of SkyTeam alliance as of October 2021.
The Food and Drug Administration (FDA) has the responsibility under the Federal Food, Drug and Cosmetics (FD&C) Act to stop any adulterated or mislabeled food products from entering the United States. Foreign companies that attempt to ship to the United States products not in compliance with FDA’s laws and regulations often get listed on an FDA Import Alert.
Companies located as close as Mexico and Canada, and as far away as China and Australia are on FDA Import Alert lists because their products were found to contain illegal pesticide residues, contaminants, salmonella, or other hazards to consumers. Even products from certain Italian suppliers such as cheese, fish, honey, and confectionary products are on the FDA Import Alert List. Once listed, any future shipments of the same product from the same foreign company will automatically be detained without physical examination (DWPE), and not allowed to proceed into the commerce of the United States unless time consuming and expensive laboratory analysis for that particular, refused shipment is conducted in the United States by specific laboratories, and the negative laboratory report is accepted by the FDA.
To get off an FDA Import Alert, a company must prepare and submit a persuasive petition to FDA’s Division of Import Operations (DIO) that the problem has been permanently remedied. Petitions to the DIO are usually done through an attorney familiar with the policies and procedures of the FDA. Chapter 9 (Import Operations and Actions) of the FDA’s Regulatory Procedures Manual provides some guidance on “Removal From Detention Without Physical Examination”. FDA decisions to remove a product, manufacturer, packer, shipper, grower, country, or importer from DWPE should be based on evidence establishing that the conditions that gave rise to the appearance of a violation have been resolved, and the FDA has confidence that future entries will be in compliance with U.S. law. The most important point to keep in mind – and to avoid potential delays in the review of a petition – is that all requisite documentary information must been initially submitted with the petition. A minimum of five (5) consecutive non-violative commercial shipments of that product is required from that manufacturer, supplier, country, etc. Each of the five (5) shipments should include a U.S. Customs and Border Protection entry number, date of entry, and port of entry.
In many cases, not only must documentation of compliance for at least five consecutive, commercial-size shipments be submitted to the FDA, but also documentation that the manufacturer or supplier of the product has eliminated the source of contamination or adulteration that caused the product to be listed. The FDA may require a foreign establishment inspection which demonstrates the company has adequately addressed its violative conditions before removal from DWPE. The Petition for Removal from Import Alert is submitted electronically to the FDA, should always be accompanied by a cover letter addressed to the FDA, a letter of authorization from the company to the submitting attorney, and include numerous exhibits of supporting evidence. The supporting evidence is typically one or more of the following:
Third-party laboratory analyses
Manufacturing or processing records
FDA establishment inspections
Proof of registration and/or listing
Proof of certification by a foreign government or certified body
Evidence that labeling violations have been corrected
Evidence that the product is in compliance
The FDA will promptly respond by email to acknowledge the receipt of the Petition. The file is then assigned to an FDA analyst who will review the submission. Too often, such Petitions are rejected because they did not contain the information required by the FDA. That delays the entire process as a new Petition must be submitted, and the Petitioner will have to wait until the next FDA analyst is available. Hopefully, when properly submitted the first time, it is analyzed, and a letter from the FDA granting the request for removal from the FDA Import Alert is granted and would be immediately effective.
Please call or email me with any questions or comments at PQuinter@Gunster.com or mobile (954) 270-1864. Mr. Quinter has been recognized by “Best Lawyers in America” legal directory in the area of FDA Law from 2009 to 2023. He is also one of very few attorneys to be heralded by the Chambers Global legal directory as one of the best attorneys in the area of International Trade in 2020, 2021, and 2022.
We have prepared a Blog series on U.S. Market Entry for Italian Enterprises, in which we share our thoughts and experiences on the challenges and opportunities arising from the attempt to enter and grow in the United States and expand globally from there.
The U.S. marketplaceis the pinnacle of business growth and investment opportunity; competitive, fast-moving, and dynamic, yet the most accessible in the world. In many respects, the U.S. remains the most attractive and largest global investment destination, far outstripping other nations in foreign direct investment dollars. Foreign investment in the U.S. provides access to the vast American marketplace, its deep talent pool, a stable and innovative business environment, and intelligent and rich investment finance and capital sources.
The U.S. offers a business ecosystem unmatched in the world, comprised of world-class universities, flexible labor markets, deep, talented labor pools, and a highly developed judicial system protective of foreign investment and intellectual property. Moreover, its financial markets and stock exchanges provide a vast array of sophisticated financial products and capital sources, with unlimited venture capital and private equity sources. And finally, it serves as an excellent gateway to expanding business in Canada, Mexico, and Latin America.
The series encompasses a broad spectrum of U.S. market entry modalities. These modalities are discussed in the context of the level of risk and reward that each modality presents to the Italian enterprise. Beginning with a simple U.S. representative or branch office and ending with foreign direct investment upon U.S. soil, the level of risk increases exponentially as capital is brought onshore and permanently invested in a direct foreign investment project. Yet, with greater risk comes greater rewards for successful U.S. market penetration. Presenting this series through the lens of escalating levels of risk provides the Italian enterprise with the proper strategic insight into assessing the merits of these different market entry modalities.
Our firm intimately understands the different risk levels in cross-border entry for Italian enterprises as we have counseled and participated in each market entry modality. Our legal, tax and business services seek to reduce and effectively manage project and investment risk, and we stand ready to assist your market entry plans.
