Financial technology is one of the industries which have started gaining popularity in Italy. From crowd funding business to cryptocurrency companies, foreign investors have started creating ventures in the fintech industry, as this sector is still in its early beginnings at this moment.
Even if there no specific legal framework which provides for the issuance of virtual money up to this point, cryptocurrency can be used in certain transactions in Italy. Our company registration consultants in Italy can offer information on the regulations related to starting a fintech company in this country.
Both companies and individuals are interested in starting cryptocurrency businesses in Italy as the company registration process is quite simple. However, there are a few challenges which should be surpassed when choosing the activities of the company. Among the undertakings a cryptocurrency company carries in Italy are:
The main aspect to consider when setting up an Italian cryptocurrency business in the anti-money laundering regulations imposed by the local government and by international organizations.
Our company incorporation agents in Italy can assist with the formation procedure of the company.
The registration procedure of a cryptocurrency company is a standard one and implies preparing and filing the documents required by the Commercial Code with the Trade Register. Not being regulated by any law until now, the creation, use or sale of cryptocurrency is not subject to any special licensing requirements, however these companies must keep proper accounting records and file the necessary documents with the tax authorities.
If you need information on the accounting requirements related to setting up a cryptocurrency business, we also offer bookkeeping services, so do not hesitate to contact us. You can also rely on us for assistance in preparing the documents related to the Italian company formation process.