Investors interested in starting businesses in Italy must comply with several requirements. However, these requisites are not hard to comply with if they request company formation services from Italian consultants. Apart from a business address, the company name and the incorporation documents one of the most important steps to open an Italian company is to open a bank account.
Nowadays apart from the corporate account, Italian companies can also set up merchant accounts which will allow them the possibility of processing various types of payments. Our company registration agents in Italy can offer more information on merchant accounts.
First of all, both nationals and foreign citizens coming to Italy are allowed to open various types of bank accounts, including merchant accounts. When it comes to companies, online businesses are usually in need of Italian merchant accounts in order to process online payments.
Another positive fact about opening a merchant account in Italy is the fact that there are several types of institutions which can offer these services:
Choosing the entity with which the account will be opened remains at the discretion of the Italian company or natural person.
The first thing to keep in mind when opening the merchant account is the fee related to the establishment of the account. Other costs associated with the operation and maintenance of the merchant account should also be verified prior to the opening. Depending on the Italian entity one decided to register the merchant account with, the documents to be filed will include application forms, personal information in the case of natural persons, local of foreign, and information on the company in the case of Italian businesses.
Foreign investors interested in setting up merchant bank accounts in Italy can rely on our company formation advisors, so do not hesitate to contact us. We can also assist with the company incorporation procedures in Italy and with the opening of corporate bank accounts.