Do you want to open a company in Italy?

All you need to know is here.

Italy is one of the largest countries in the European Union and among the most important for the greatest attraction of foreign investments.
The Italian know-how and the Made in Italy are the essential resources of the country, together with a cultural and landscape heritage among the most important in the world.
The middle of the Mediterranean Sea location allows the country to be a gateway to the East and Africa.

Which company model can you choose?

Italian law allows the opening of:

1. SRL Società responsabilità limitata (Limited Liability Company)

2. SRL Semplificata (Simplified Limited Company)

3. SPA Società per Azioni (Public Limited Company or Stockholding Company)

4. SAPA Società in accomandita per azioni (Limited Partnership with a share)

5. SNC Società in nome collettivo (General Partnership)

6. SAS Società in accomanda semplice (General partnership with share)

7. Società Cooperativa (Cooperative)

8. Ditta individuale (Sole-trader)

The SRL and SPA are the most used and preferred, thanks to the limited liability of the members and the ease of use for any business.

The S.r.l. is the type of company most frequently chosen by small and medium enterprises.

You can choose to set up a multi-incorporator or single-incorporator SRL, depending on whether there are one or more partners.

The shareholders can also be persons or companies, including foreign ones.

The share capital can be paid starting from one euro upwards (Banks will look more favourably at companies with significant share capital to assess the real propensity to the business and the opening of a credit line).

The S.r.l. is the preferred form for a foreign company that wants to create a subsidiary or a permanent establishment.

What you need to do to open a company in Italy.

Whether you are an individual or a foreign company, our lawyers will guide you through the process of opening a company in Italy and starting a business in just a few steps.

Incorporate a company in Italy. Our procedure.

a) We will prepare all the necessary documents, such as the articles of association and memorandum of association, the company directors’ specimen signatures, affidavits, due diligence, and documentation translations.

b) You will give us a power of attorney to represent you in front of the notary who will stipulate the public deed of incorporation.

c) We will instruct the accountant to prepare the accounting activities necessary for the company, including the registered office, bookkeeping, VAT and TAX code.

If you want further assistance from us, we can also:

– find the ideal location for your business;

– draft commercial contracts, rental contracts, agency agreements, acquisitions, etc.

– advise you on international tax law matter

– assist in Corporate law, M&A and Private Equity;

– request for benefits and funds provided by the Government;

– assist you in opening an Italian bank account for your company.

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Are you a foreign citizen or a foreign company, and do you want to incorporate a company in Italy?

You can choose different forms to do business. Some of these, such as the simplified company and the start-up, allow you to get tax benefits and reductions.

A foreign company that wants to establish its business in Italy can do so through one:

Branch: which depends entirely on the international company and which must carry out activities strictly connected with the parent company;

Soft-Branch: which depends entirely on the foreign company and which must carry out only preparatory or auxiliary activities to the main activity carried out abroad;

Subsidiary: a company with full powers controlled by the foreign mother that can carry out any business;

Representative office: useful if the international company wishes to entertain relations of representation (e.g. product demonstration, market analysis etc.

Both in the case of persons and the case of foreign companies, the directors do not have an obligation to reside in Italy.

Nevertheless, it is increasingly common for countries to challenge directors who manage companies abroad just to save money due to low taxation (Treaty shopping).

Therefore, it will be the case to assess the country of origin’s requirements or appoint a local director.

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FAQ

What do I need to open a company in Italy?

You need an Italian tax code and your ID document. If you want to incorporate a branch of your foreign company, you should prepare a shareholder’s minutes with all the details about the Italian branch.

Is Italy good for startups?

Italy is one of the best places to open innovative startups because of tax benefits, especially for investors. As startup, you can also benefit from Government and EU incentives to invest.

How much taxes do businesses pay in Italy?

Italy has a complex taxation system. The corporate tax rate is 24% (IRES). In addition, you will pay local and regional taxes.

Which is the best place to open a business in Italy?

The place of business may vary based on activities. Usually, all the cities in Italy have their commercial and industrial areas with all the facilities to run the company. You can also choose the Special Economic Zones.

I am a foreign company. Can I set up a Simplified SRL?

No, you can’t. The simplified company can only comprise individuals.

I want to open a Simplified SRL. Can I adopt the Articles of Association and Memorandum of Association that suit me?

No, you can’t. In the case of SSRL, AoA and MoA are standard and cannot be modified.

In the case of Simplified Limited Liability Company, shall I pay the Notary?

No, in that case, Notary’s assistance is free.

I’m a foreign company which sells to mixed (Italian) clients (privates and companies) with an estimated turnover above 35.000€. Do I need to open an Italian Subsidiary?

No, you don’t. In this case, you must open a tax position in Italy and get an accountant.

Can I open an Italian Company from abroad?

Yes, you can give us a Power of Attorney notarized and apostille from your local Consulate or with an affidavit from your lawyer in English.

If I open a branch of a foreign company, do I need the Notary and the Accountant?

Yes, a branch’s formation and management are the same as a Limited Liability Company.

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