Italy flag

ITALY


Italy is a good European jurisdiction to do business. The country offers numerous opportunities for entrepreneurs in various industries, and it is also relatively easy to open a company in Italy. This jurisdiction may be particularly suitable for European businessmen or those looking to enter European markets. The specialists of "Smart Startup UK" have prepared for you abbreviated information about the business climate in Italy.


Main types of companies:

  • Limited Liability Company (SRL) – the most popular and easiest option for setting up a business in this country, including for non-residents. The liability of shareholders is limited only to the amount of their contributions. Minimum amount of share capital – 10,000 Euros.
  • Simplified Limited Liability Company is similar to SRL, but is more flexible for small businesses as it has to be governed by simpler requirements for its work.
    • A
  • Public Limited Company (SPA) is more suitable for medium and large businesses that want to enter the stock markets. Minimum share capital – 50,000 Euros.
  • Limited Partnership (SAPA) – there must be one partner whose liability is unlimited and manages the business as a whole and at least one partner whose liability is limited to the amount of the partnership contribution but who does not make major decisions regarding the company's activities.


    • Inclusion Requirements and Steps


    If you are thinking of setting up a company in Italy, here is what the preliminary procedure for setting up a company looks like:

  • Preparation of a business plan with a list of activities of the future company (necessary for the overall clarity of the incorporation process and selection of the most advantageous tax regime for certain transactions).
  • Collection of information about the founders.
  • Opening of a fundraising bank account for depositing the amount of the share capital of the future company.
  • Preparation of the company's articles of association and its notarization by a notary or with an electronic signature.
  • Filling out registration documents.
  • Submission of documents for registration in the Chamber of Commerce - registration of a company in the Italian business register.
  • Registration as a taxpayer - obtaining a fiscal code and VAT number.
  • Registering as a payer of social security contributions for hiring employees from the newly created company in the future.


    • Legal and Regulatory Basis


    The registration and further operation of an Italian company is governed by the Italian Civil Code and related legislation. The latest trend shows that this country is improving its business legislation to facilitate and speed up the procedure for establishing companies.


    Features of taxation


    The exact taxation regime and incentives vary depending on the type of activity. These are the main highlights of the Italian tax system that you may need to know now:

  • VAT rate – 22%
  • Corporate income tax rate – 24%
  • A variety of tax rates for financial, banking and insurance activities.


    • Possible Advantages of Jurisdiction


    After setting up a company in Italy, you can enjoy these advantages that the jurisdiction has:

  • The openness of the main European markets
  • Experienced and flexible workforce
  • Beneficial and flexible taxation
  • Developed and relatively stable corporate and other legislation
  • Relatively low establishment costs


    • Smart Startup UK specialists can advise you on setting up a company in Italy and any other country that may be suitable for your business. This assistance can cover not only standard registration procedures, but also choosing the most favorable tax regime, opening a bank account, formalizing relations with employees and solving other issues. Contact us to discuss in detail any questions you are interested in.


    CREATE A COMPANY


  • Verification and reservation of a company name in the Registro Imprese (Registry of Companies)
  • SRLS company registration including state fees
  • Statute (Atto Costitutivo)
  • Statute (Statuto Sociale)
  • Statutory documents of the company
  • Obtaining a local corporate tax identification number (Partita IVA - Partita Identificativa di Impresa)
  • Company stamp
  • PEC Registration (Certified Email)
  • Opening a corporate bank account at Intesa Sanpaolo, Unicredit.
  • Obtaining a personal tax number (codice fiscale)
  • VAT registration
  • Apostilled and translated company documents
  • Free consultation
  • Help with online trading and opening an account at viva.com for online trading
  • Accounting services - 12 months
  • Annual renewal (payable from the second year)

    • *Within 30 days


    IMPORTANT! We can provide you with the initial share capital (if the amount is over EUR 5,000) for the registration of your company in the form of a loan from our company. Please, if you are interested, make an inquiry to us.


    What is the procedure!

    1. You submit a request for company registration using the request form.

    2. We check if the registration company name is free and eligible for registration.

    3. Choose a bank that suits your company's needs from a list of Smart Startup UK partner banks provided.

    4. We send you a proforma payment invoice to pay to our bank account + the initial capital amount of your company.

    5. You receive all necessary company documents for verification.

    6. You receive details of your newly opened bank account.

    7. In the specified period (for Italy it is 30 days), you receive all the services included in the package.

    8. You can manage through our platform all the services included in the package, as our team works 24/7 and you can get help from us within up to 30 minutes. We have built an internal ticketing system for our customers through which we process your every support request.


    All services like management, accounting, request to open bank accounts, licensing, filing tax returns, paying taxes and more are done through your account on our platform, it makes it easy managing your business!