Italy is one of the most important countries in the European Union and it undoubtedly carries a tremendously rich cultural and historic heritage. Its good geographical position gives investors easy access to southern, central and northern Europe markets as well as to the ports of the Mediterranean. Many businesses that start in Italy are involved in trading or import and export activities.
Italy is the birthplace of some of the most iconic and luxurious brands in the world and, while some business fields are clearly more favored than others, the country has an open policy towards foreign investments of all kinds. Some of the most important foreign investment sectors include: tourism, the food industry, agriculture, manufacturing or the real estate sector.
The Italian government also provides certain incentives for foreign companies that invest a certain amount in the country or choose to base their business in certain selected locations.
How to open a company in Italy
Our company registration agents in Italy can assist you throughout the company incorporation procedure. The first step in setting up a company in Italy is preparing and drafting the necessary company documents, such as:
- the articles of association,
- specimen signatures form the company directors,
You will also need to open a bank account for the company, where the minimum required share capital will be deposited.
The business start-up costs can vary according to the type of company and the materials and equipment required for your specific business activity. The costs will also include notary fees and any necessary registration fees with the Italian authorities. You company will also need an accountant that will make sure you comply with the requirements for accountancy in Italy. Our company formation experts can help you with professional accounting services.
Companyincorporationitaly.com is a division of Bridgewest and offers you professional services for registering as soon as possible your company in Italy and begin your activity in just a few days.
We invite you to watch a video about how to register a company in Italy:
The limited liability company is a business type preferred by investors who want to start a small or medium scale business. The minimum share capital must consist of 10.000 EUR and the liability of the members is limited to the amount contributed to the share capital. This is the most popular business form in Italy. The new company registered in Italy will be managed by a director or a board of directors who will follow the company’s articles of association. The financial issues will be managed by statutory auditors and the representatives in charge with financial business will keep a list of financial statements and balances.
The joint stock company is chosen by those investors who want to run a large business. The minimum share capital for this legal entity is 120.000 EUR and at least a quarter of this amount must be paid upon incorporation. The joint stock company is managed by a director or a board of directors. The shareholder’s liability is limited to the amount of contributions made to the share capital.
Branches and subsidiaries are two other business forms preferred by foreign investors who want to expand their activities in Italy. Alternatively, entrepreneurs can start by opening a representative office in Italy.
The company incorporation procedure in Italy
The company incorporation procedure in Italy is not very difficult and is similar to those in other countries. Before you will open a company in Italy, you will have to deposit at least a quarter of the share capital in a bank account. An application for registering the company must be made at the Italian Trade Register and, after the application is processed, a registration certificate is issued for your new company.
Another obligation for the foreign investor in company formation in Italy is to execute a public deed of incorporation at the notary office, buy the corporate and accounting books and pay a government grant tax.
The investor must also submit an application to the Register of Enterprises in order to obtain a tax identification number and a VAT number. The company must also be registered with the Social Security Administration. In order to hire employees in Italy, an entrepreneur will need to observe the provisions of the Labor Law and announce the employment to the Labor Office.
Our company formation agents in Italy can give you detailed information about the steps required to set up a company in Italy. We can provide you with complete assistance and advice if you want to start a business.
If you are interested in opening companies in other European countries, such as Bulgaria, Dubai, Malta or Russia, you can contact our specialists in company formation.