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Company formation in
Italy
Italy
Comprehensive assistance in company formation, including banking services
How to form a company in Italy
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Italy and opening a bank account in Italy
2
Payment of services
Payment of our services for company formation in Italy and/or bank account assistance in Italy
3
Company formation
We register a new company in Italy for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to incorporating a company in Italy
Minimum share capital that is required to register a company in Italy as a S.r.l. (simple limited liability company) is just EUR 1.
1. Founders that would like to register a company in Italy can either be resident or non-resident in Italy. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a company director in Italy. It is not required to register a company in Italy with a resident individual as one of its shareholders or directors.
3. One individual can register a company in Italy and simultaneously be a shareholder and a director in this company if such company is registered as a S.r.l. (a limited liability company).
4. There is no requirement for creating substance in Italy - no need to hire local employees or rent an office in order to establish a company in Italy or to conduct business in Italy.
5. Minimum share capital that is required to register a company in Italy as a S.r.l. (a limited liability company) is EUR 10,000. Minimum share capital that is required to register a company in Italy as a S.r.l. (simple limited liability company) is just EUR 1.
6. Information about company founders, shareholders and directors after company registration in Italy is complete is publicly available in the state corporate register.
7. We can help you register a company in Italy remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Rome for 1 day in order to open a corporate bank account.
2. A resident or a non-resident individual can be a company director in Italy. It is not required to register a company in Italy with a resident individual as one of its shareholders or directors.
3. One individual can register a company in Italy and simultaneously be a shareholder and a director in this company if such company is registered as a S.r.l. (a limited liability company).
4. There is no requirement for creating substance in Italy - no need to hire local employees or rent an office in order to establish a company in Italy or to conduct business in Italy.
5. Minimum share capital that is required to register a company in Italy as a S.r.l. (a limited liability company) is EUR 10,000. Minimum share capital that is required to register a company in Italy as a S.r.l. (simple limited liability company) is just EUR 1.
6. Information about company founders, shareholders and directors after company registration in Italy is complete is publicly available in the state corporate register.
7. We can help you register a company in Italy remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Rome for 1 day in order to open a corporate bank account.
Cost of services
Formation of a S.r.l.
Timeframe - 14 business days
Timeframe - 14 business days
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Advantages of forming a company in Italy
Attractive business-environment
- Close to major European markets
- Highly-developed infrastructure
- Establishment of maritime trade is available
- Open economy, no trading restrictions
- Low inflation rate
Stability and security
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax benefits
- Tax benefits for R&D
- Multiple double tax treaties
No foreign exchange controls
- Italy joined the Euro area, which allows it to secure free capital transfer in any currency. Individuals and business-entities, either resident or non-resident in Italy may open bank accounts in Italian banks in any currency
Ease of establishing and doing business
- Minimum share capital requirement for the simplified limited liability company (S.r.l.s) is just EUR 1
- 100% foreign ownership of a company is available
More about Italy
Italy is located in Central Europe and has a territory of 301,238 square kilometers. Italy borders France, Switzerland, Austria and Slovenia and has access to the Mediterranean Sea and to the Atlantic Ocean, which allows it to establish maritime trade with Europe, Turkey, North and South American and African states. Italy imports energy, metals and chemical materials.
Population of Italy amounts to around 60 Million people.
Population of Italy amounts to around 60 Million people.
Official currency of Italy is euro (EUR).
Italy's GDP in 2018 amounted to USD 2073.9 billion.
Italy has a diversified economy whose part are a very developed industrial sector in Northern part of Italy with a large number of private enterprises and service sector in Southern part of the state. Main contributors to the Italian economy are the production of high-quality consumer products from small and medium enterprises, the majority of which are family businesses. Travel industry is also a significant part of Italy's GDP. The smallest part of Italian economy is agriculture.
Italy's GDP in 2018 amounted to USD 2073.9 billion.
Italy has a diversified economy whose part are a very developed industrial sector in Northern part of Italy with a large number of private enterprises and service sector in Southern part of the state. Main contributors to the Italian economy are the production of high-quality consumer products from small and medium enterprises, the majority of which are family businesses. Travel industry is also a significant part of Italy's GDP. The smallest part of Italian economy is agriculture.
Foreign investors establish business-entities in this jurisdiction for travel business, construction business, textile business, machine production, car production, food industry, pharmaceutical production.
Restricted for foreign entrepreneurs are the following sectors:
Restricted for foreign entrepreneurs are the following sectors:
- defense industry
- telecommunications
- television, radio
- postal services
- air transport.
- Corporate income tax - 24%. Tax returns are filed on an annual basis. Advance income tax payments are made three times a year
- Dividend withholding tax - Standard tax rate 26%
- Interest withholding tax - Standard tax rate 26%
- Royalties withholding tax - Standard tax rate 30%
- Capital gains tax - Standard tax rate 24%
- VAT - Standard tax rate 22% or reduced rates from 0% up to 10% or tax exempt. Tax returns are filed on an annual basis
- Personal income tax - from 23% up to 43%.
Apart from such traditional business entity types as a limited liability company (Società a responsabilità limitata - S.r.l.) and a public limited company (Società per azioni - S.p.A.), Italian corporate law offers to establish a business as:
1. Simplified limited liability company (Società a responsabilità limitata semplificata - S.r.l.s)
2. General partnership (Società in nome collettivo - S.n.c.)
3. Limited partnership (Società in accomandita semplice - S.a.s.).
To receive a detailed description of the company formation procedure in Italy and information about documents necessary for company formation in Italy please contact our experts.
1. Simplified limited liability company (Società a responsabilità limitata semplificata - S.r.l.s)
2. General partnership (Società in nome collettivo - S.n.c.)
3. Limited partnership (Società in accomandita semplice - S.a.s.).
To receive a detailed description of the company formation procedure in Italy and information about documents necessary for company formation in Italy please contact our experts.
Send a request for company formation in Italy
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128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
