GSL / Offshore and International Law / Offshore zones / Western Europe / Campione d’Italia / Legislation of Campione d’Italia

Legislation of Campione d’Italia

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List of state regulatory authorities

Corporate info

Legal system
civil law
Types of entity
Joint Stock Company (Societa per Azioni, or SpA); Limited Liability Company (Societa a responsabilta limitata, or SrL); Limited Partnership (Societa in Accomandita Semplice, or SAS); and branch of a foreign corporation
Shelf companies permitted
No
Incorporation timescale for a new company
3-4 days
Company suffix
SrL
Sensitive words
Bank, Insurance, Financial
Cyrillic alphabet permitted in company name
No
Local registered office
No
Local registered agent
No
Information to be kept at the registered office
company books
Seal required, type of seal
not required
Redomiciliation (to, from) permitted
permitted

Director and secretary

Minimum number of directors
1
Residency requirements for directors
No
Corporate directors permitted
Yes
Directors’ meetings/frequency/location
Yes / no requirements
Disclosure to local agent
Yes
Disclosure to public
Yes
Company secretary required
No
Residency requirements for a secretary
No
Qualified secretary required
No
Corporate secretary permitted
No

Shareholder and beneficiary

Minimum number of shareholders
1
Residency requirements for shareholders
No
Corporate shareholder permitted
Yes
Meetings/frequency/location
Yes / annually / registered office
Disclosure to local agent
Yes
Disclosure to public
Yes
Beneficiary info disclosure to
Yes

Shares and share capital

Minimum authorized share capital
1
Minimum issued share capital
1
Minimum paid share capital
1
Authorized capital payment deadlines
Upon directors' request
Issued capital payment deadlines
No requirements
Standard currency
EUR
Standard authorized share capital
10000
Standard par value of shares
1
Shares with no par value permitted
No
Bearer shares permitted
No

Taxes

Personal tax
43%
Min. rate for corporate tax
24%
Corporate tax (in detail)
24% + IRAP (regional tax on productive activities, generally - 3.9%)
Capital gains tax
Regular rate
Capital gains tax. Details
Included in corporate tax base
VAT
8%
VAT. Details
Campione d’Italia is the only part of Italian territory where Italian VAT is not applied. Swiss VAT a rate of 8% is levied.
Withholding tax
26%/26%/30%
Other taxes
Social contributions, Overseas property tax, Financial investment tax, Inheritance and gift tax, Registration tax, Stamp duties, etc.
Exchange control
No
Government fee
Stamp duty
1.5%

Accounts

Requirement to prepare accounts
Yes
Requirement to file accounts
Yes
Publicly accessible accounts
Yes
Requirement to file Annual Return
No
Publicly accessible Annual Return
No
Audit required
No

General information shortly

Location
an Italian exclave within the Swiss canton of Ticino
Total area
1.6 sq. km
Population
2.190 (2022)
Capital
-
National currency
Swiss franc
Conditional reduction of currency
CHF
Against USD
0.96 (2022)
Climate, average max and min t°
warm and temperate. There is significant rainfall throughout the year, even the driest month still has a lot of rainfall. The warmest month of the year is July with an average temperature of 20.7 °C. In January, the average temperature is 2.4 °C.
Time difference from Moscow
- 1 hour
Dialing code
+41 91
State language
Italian
Ethnic groups
Italian
Literacy rate
No data
History
In the first century BC the Romans founded the garrison town of Campilonum to protect their territories from Helvetii invasions.In 777 Toto of Campione, a local Lombard lord, left his inheritance to the archbishopric of Milan. Ownership was transferred to the abbey of Sant’Ambrogio. Its status came about when Ticino chose to become part of the Swiss Confederation in 1798, and Campione's people chose to remain part of Lombardy which became a part of Italy in 1859. The d'Italia was added to the name of Campione in the 1930s by Prime Minister Benito Mussolini.
Credit rating
Government type
Italian municipality
Executive branch
Administration of municipality
Legislative branch
bicameral Parliament of Italy
Judicial branch
Italian court system
Unemployment
No data
GDP per capita rank
No data
Corruption perceptions index rank
No data

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