There are two types of Partnership in Italy:
S.A.S. - Societa in accomandita semplice is the Limited Partnership in Italy.
The distinguishing features of S.A.S. in Italy:
minimum number of partners – two;
there is no limiting restriction to number of partners established by law;
at least one partner should be General Partner and at least one Partner with a limited liability;
there is no minimum share capital established by law;
there are no residency requirements to Partners;
there are no requirements to obligatory audit procedure;
it is enough to have a “virtual office”;
the participations may be transferred only by means of the consent of all the other partners.
Points 2 and 3 make S.A.S. profitable at the moment for people who invest in properties in Italy for several reasons:
The cost for incorporation of the company (S.A.S.) in Italy, including the corporate legal service for the second year
PriceEUR 7 650
including Annual Duties for Chamber of Commerce for first year, NOT including Compliance fee
Priceincluded
PriceEUR 1 450
including registered address and registered agent, NOT including Compliance fee
Pricefrom EUR 1 200
(depends on the volume)
Compliance fee is 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 / BO (except the change to a nominee director / shareholder), signing of documents
PriceEUR 385
simple company structure with only 1 physical person
PriceEUR 165
additional compliance fee for legal entity in structure under GSL administration (per 1 entity)
PriceEUR 220
additional compliance fee for legal entity in structure NOT under GSL administration (per 1 entity)
PriceEUR 495
PriceEUR 110