The most preferable type of entity appears to be a Limited Liability Company.
The minimum share capital is EUR 10 000. If the SRL has two or more founders, then, by the time of its formation, at least 25% of the share capital must be deposited in a special bank account. If there is only one founder, then the entire declared share capital must be paid in by the time of registration.
The share capital may be paid in kind rather than in cash. In this case, a formal valuation of the property by an Italian auditor will be required. The procedure can take a while and cost from EUR 3 500.
Members hold quotas in the share capital. Members can be individuals and legal entities, citizens and residents of any country.
There are no requirements for the citizenship of the director(s). The director may be a legal entity – a management company. The director may, but does not have to, be a shareholder of the company, which must be reflected in the constitutive documents.
The company must have an accountant to keep accounting records and submit periodic reporting. The balance sheet is submitted once a year, but reports on certain types of taxes are submitted to the tax offices, depending on the turnover, quarterly or even monthly.
Having a legal address in Italy is mandatory.
1) Selecting a name for the future company and deciding on its structure (director and members)
During the registration of an Italian company, each founder and director will be required to have:
2) Drafting the articles and signing the constitutive documents in front of an Italian notary
This can be done in person or by proxy if the founder is not going to travel to Italy.
3) Opening a bank (accumulative) account at an Italian bank to pay in the share capital
This requires a personal visit of the director; there may be difficulties with account opening if the director is not an Italian.
4) Paying in the share capital
5) The last step is registering the company with the Business Register (Chamber of Commerce) and obtaining a TIN
Once all relevant documents have been duly notarized in accordance with Italian law, they will be submitted to the Business Register for approval.
After the registration is completed, the director of the company must notify the labour office of the hiring of employees, if any. Notice can be sent by email.
The company is registered for VAT.
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Services
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Fees (EUR)
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Total cost of incorporation, including:
- incorporation with the provision of the company’s original constitutive documents and an apostilled copy of such documents, documents formalizing the issue of shares, and company seal; - notarial expenses (basic); - assistance with the opening of a special account at a local bank to deposit the share capital in. |
from 7 650
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Local director services:
- for the period of incorporation - for 1 year (the exact fee will depend on the nature of the company’s activities) |
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2 000 from 5 500 |
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Change of director / shareholder (including notary fees and registration fees)
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3 030
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Obtaining a tax number (Code Fiscale) for an individual
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from 600
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Maintaining audited accounts (based on time spent)
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from 3 000
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Compliance fee
Payable in the cases of: - incorporation of a company, - renewal of a company, - liquidation of a company, - transfer out of a company, - issue of a power of attorney to a new attorney, - change of director/shareholder/beneficial owner, except the change to a nominee director/shareholder, - signing of documents. |
350 (standard rate, includes the check of 1 individual)
+ 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL + 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL 450 (rate for high-risk companies, includes the check of 1 individual) 100 (signing of documents) |