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Italy

Open a company in Italy

Why open a company in Italy?

Italy has recently taken new steps to position itself as a welcoming home for foreign investment. The result is that Italy is slowly emerging as a land of opportunity, although you will need specialist local advice to help navigate your way through the bureaucracy.

What are the main types of Italian company formation?

  • Società a Responsabilità Limitata (SrL): limited liability company
  • Società per Azioni (SpA): joint stock company

What are the main features of a SrL?

  • Most popular format for small to medium businesses
  • Minimum share capital of €10.000
  • No restrictions on foreign shareholders
  • Audited accounts to be filed annually
  • Minimum of two shareholders

What are the main features of a SpA joint stock company?

  • Main format for medium to large companies
  • Minimum share capital is €120,000
  • Minimum number of directors is one
  • No restrictions on foreign shareholders
  • Audited accounts to be filed with the Registrar of Companies

Is it complicated to set up business in Italy?

Establishing a company in Italy can be more complicated than other European countries, but like anything else, it is a matter of mastering the procedure. The formalities include the following:

  • Arrange articles of association and memorandum of association
  • Executive articles of association before a public notary
  • Obtain an Italian tax code and identity document
  • Open a local bank account
  • Register for VAT
  • File with the Registrar of Companies
  • Secure approval by a local tribunal

Company Incorporation in Italy

How easy is it to recruit staff in Italy?

It is easier to recruit staff in the underdeveloped south, where unemployment is high, compared to the wealthier north of the country. Recruitment agencies for permanent and temporary staff abound, however, and the workforce is generally of a high caliber. Labor laws strongly favor the employee and it is essential to take advice before entering into a contractual arrangement.

What is the Italian regulatory environment like?

Much more liberal than it used to be. Capital and dividends can be freely repatriated in line with EU rules and Italy has a number of double taxation treaties. However, public authorities are weighed down with bureaucracy and the legal system is slow. Foreign ownership is permitted in all industries except for defense-related areas such as aviation and shipping. Certain restrictions apply in the telecommunications sector.

What is the corporate tax rate in Italy?

The corporate tax rate is 31.4% on profits.

Italy Company Registration

Are there financial incentives available?

Italy offers a variety of incentives for foreign and local investors alike. These include:

  • Corporation and local tax breaks for ten years in areas of high unemployment
  • Research and development grants covering up to 50% of total R&D costs
  • Low-interest loans for enterprises that encourage exports of Italian goods

How much does it cost to open a company in Italy?

Our service costs €7.050  and it includes: company incorporation in Italy, opening of bank account and VAT (fiscal) registration. Virtual office for 12 months and Italian telephone number: €6.790.

How can I obtain more information about opening a company in Italy?

Please contact us if you have questions and/or want to receive more information on opening a company in Italy.

Support

The benefits of having your own company are virtually unlimited. Opening and managing a company with Europa Expert’s orientation is even simpler and easier. We provide all the needed support to open and manage your company in Italy.

Services we provide
Consulting for new companies (company’s name, website, etc.)
Initial registration
Corporate documents
Bank account in Italian bank
Business Address and Mailbox in Italy
Fiscal registration (VAT)
Accountancy (according to Italian Law)
Annual tax declaration
Virtual Office in Italy

Italy

Open a company in Italy

Why open a company in Italy?

Italy has recently taken new steps to position itself as a welcoming home for foreign investment. The result is that Italy is slowly emerging as a land of opportunity, although you will need specialist local advice to help navigate your way through the bureaucracy.

What are the main types of Italian company formation?

  • Società a Responsabilità Limitata (SrL): limited liability company
  • Società per Azioni (SpA): joint stock company

What are the main features of a SrL?

  • Most popular format for small to medium businesses
  • Minimum share capital of €10.000
  • No restrictions on foreign shareholders
  • Audited accounts to be filed annually
  • Minimum of two shareholders

What are the main features of a SpA joint stock company?

  • Main format for medium to large companies
  • Minimum share capital is €120,000
  • Minimum number of directors is one
  • No restrictions on foreign shareholders
  • Audited accounts to be filed with the Registrar of Companies

Is it complicated to set up business in Italy?

Establishing a company in Italy can be more complicated than other European countries, but like anything else, it is a matter of mastering the procedure. The formalities include the following:

  • Arrange articles of association and memorandum of association
  • Executive articles of association before a public notary
  • Obtain an Italian tax code and identity document
  • Open a local bank account
  • Register for VAT
  • File with the Registrar of Companies
  • Secure approval by a local tribunal

Company Incorporation in Italy

How easy is it to recruit staff in Italy?

It is easier to recruit staff in the underdeveloped south, where unemployment is high, compared to the wealthier north of the country. Recruitment agencies for permanent and temporary staff abound, however, and the workforce is generally of a high caliber. Labor laws strongly favor the employee and it is essential to take advice before entering into a contractual arrangement.

What is the Italian regulatory environment like?

Much more liberal than it used to be. Capital and dividends can be freely repatriated in line with EU rules and Italy has a number of double taxation treaties. However, public authorities are weighed down with bureaucracy and the legal system is slow. Foreign ownership is permitted in all industries except for defense-related areas such as aviation and shipping. Certain restrictions apply in the telecommunications sector.

What is the corporate tax rate in Italy?

The corporate tax rate is 31.4% on profits.

Italy Company Registration

Are there financial incentives available?

Italy offers a variety of incentives for foreign and local investors alike. These include:

  • Corporation and local tax breaks for ten years in areas of high unemployment
  • Research and development grants covering up to 50% of total R&D costs
  • Low-interest loans for enterprises that encourage exports of Italian goods

How much does it cost to open a company in Italy?

Our service costs €7.050  and it includes: company incorporation in Italy, opening of bank account and VAT (fiscal) registration. Virtual office for 12 months and Italian telephone number: €6.790.

How can I obtain more information about opening a company in Italy?

Please contact us if you have questions and/or want to receive more information on opening a company in Italy.

Support

The benefits of having your own company are virtually unlimited. Opening and managing a company with Europa Expert’s orientation is even simpler and easier. We provide all the needed support to open and manage your company in Italy.

Services we provide
Consulting for new companies (company’s name, website, etc.)
Initial registration
Corporate documents
Bank account in Italian bank
Business Address and Mailbox in Italy
Fiscal registration (VAT)
Accountancy (according to Italian Law)
Annual tax declaration
Virtual Office in Italy

IN THE USA: + 1 305 824-9100 FAX: 305 675-8584  409 NW 10th Terrace Hallandale Beach, FL 33009

IN BRAZIL:  +55 11 4063-6052 FAX: 11 3957-1612 Rua Maestro Cardim, 354 – Cjs 91 e 92 Bela Vista – São Paulo/SP                                01323-000 – Brazil

IN EUROPE: +44 020 8144-5686    

 IN THE USA: + 1 305 824-9100

 FAX: 305 675-8584
 409 NW 10th Terrace
 Hallandale Beach, FL 33009 

 IN BRAZIL: +55 11 4063-6052 

 FAX: 11 3957-1612

 Rua Maestro Cardim, 354 – Cjs 91 e 92 

 Bela Vista – São Paulo/SP

 01323-000 – Brazil 

 IN EUROPE: +44 020 8144-5686 

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