incorporation service in Italy
Company Incorporation service Italy
There is no citizenship or residency requirement to incorporate an Italian Company. Any European and non European citizen is entitled to incorporate a company in Italy.
Are you a foreign citizen or a foreign company and do you want to incorporate a company in Italy?
You can choose different forms to do business with. Some such as the simplified company and the start-up, allow you to get tax benefits.
A foreign company looking for incorporating a company in Italy can do so through one:
1 – Branch: which depends entirely on the international company and which must carry out activities strictly connected with the parent company;
2 – Soft-Branch: which depends entirely on the foreign company and which must carry out only preparatory or auxiliary activities to the main activity carried out abroad;
3 – Subsidiary: is a company with full powers controlled by the foreign mother that can carry out any business;
4 – Representative office: useful if the international company wishes to entertain relations of representation (e.g. product demonstration, market analysis etc.
In both cases of a natural person or of a foreign company, directors are not obliged to reside in Italy.
Nevertheless, it is increasingly common for countries to challenge directors who manage companies abroad just to save money due to low taxation (Treaty shopping).
Therefore, it will be the case to assess the country of origin’s requirements or appoint a local director.
Company Incorporation service Italy
There is no citizenship or residency requirement to incorporate an Italian Company. Any European and non European citizen is entitled to incorporate a company in Italy.
Incorporate process in the Italy
Key points to bear in mind
- you will have to appoint at least one director and one shareholder;
- there is no minimum legal capital requirement (i.e. the share capital can be any amount from 1 Euro above);
Process
Registration of directors and shareholders with italian tax authorities
Execution of the articles of association
Issuance of the company vat number
Issuance of the certificate of incorporation
Open a bank account for the company
Company Incorporation service Italy
There is no citizenship or residency requirement to incorporate an Italian Company. Any European and non European citizen is entitled to incorporate a company in Italy.
REGISTRATION OF DIRECTORS AND SHAREHOLDERS WITH ITALIAN TAX AUTHORITIES
As regard of the company registration in italy, there is no citizenship or residency requirement to incorporate an Italian company. Under the Italian law any EU and non EU citizen can incorporate a company in Italy, as long as the principle of reciprocity applies with your home country. Still, all directors and shareholders must obtain the Italian personal tax identification number (codice fiscale).
The ‘codice fiscale’ is issued by the Inland Revenue Agency (Agenzia delle Entrate). Obtaining it is quite easy. In person at any Italian Inland Revenue desk or at any Italian Consulate desk. Even online by the online tax registration services of the Italian Consulate Office in your home Country. Shareholders and directors only need to fill out a form stating the reason of the application.
EXECUTION OF THE ARTICLES OF ASSOCIATION
Under the Italian law, the articles of incorporation must be executed through a public deed. This implies that the articles of association must be signed in front of a Public Notary. You as shareholder have therefore three choices:
execute the articles of association personally, through a power of attorney or through a virtual meeting.
Company Incorporation service Italy
There is no citizenship or residency requirement to incorporate an Italian Company. Any European and non European citizen is entitled to incorporate a company in Italy.
EXECUTING THE ARTICLES OF ASSOCIATION IN PERSON
If you don’t speak Italian at all, the Articles of Association, By-laws and deed of Incorporation need to be translated into your language and the presence of an officially recognized translater is requested.
EXECUTING THE ARTICLES OF ASSOCIATION THROUGH A POWER OF ATTORNEY
If you are not able to presence the execution, you will have to grant a Special Power of Attorney to execute the Articles of Association on your behalf.
The Power of Attorney must be notarized and apostilled; or notarized and legalized at your local Italian Embassy or Consulate. Depending on if your home country is or is not a member of the apostille convention.
By this Special Power of Attorney you grant powers to execute all the necessary incorporation documents on your behalf.
Company Incorporation service Italy
There is no citizenship or residency requirement to incorporate an Italian Company. Any European and non European citizen is entitled to incorporate a company in Italy.
ISSUANCE OF THE COMPANY VAT NUMBER
Once the Articles of Association is executed, you will have to apply for the Company VAT number (Partita Iva) issued by the Italian Tax Office. The request is made online and the VAT number is normally issued on the bery same day.
ISSUANCE OF THE CERTIFICATE OF INCORPORATION
The final step of the incorporation process is to obtain the incorporation certificate (Visura) from the Registrar of Companies. After filing all the documents of the incorporating company (Articles of Association, By-laws, VAT number, fiscal code, etc.) and it normally takes within 2-3 days.
Company Incorporation service Italy
There is no citizenship or residency requirement to incorporate an Italian Company. Any European and non European citizen is entitled to incorporate a company in Italy.
OPEN A BANK ACCOUNT FOR THE COMPANY
As the Incorporation certificate is issued, the formation process is over, the company is officially incorporated and a bank account can now be open.
HOW MUCH DOES OPENING A COMPANY COST?
Our fees include the following services:
1 – registration of the director(s) and shareholder(s);
2 – drafting all required documents (Memorandum andArticles of Association, Power of Attorney etc.);
3 – assistance in relation to the incorporation of the Company including the execution of the requested notarial deed and filing the documents with the Registrar of Companies;
4 – VAT application;
5 – assistance with bank account setup;
6 – registered email address.
other official expenses such as notary fees, stamp duties and other registration taxes.
Company Incorporation service Italy
There is no citizenship or residency requirement to incorporate an Italian Company. Any European and non European citizen is entitled to incorporate a company in Italy.
FEES
- Simplified S.r.l.: Euro 2,000.00
- Standard S.r.l.: Euro 3,000.00
Please note that the company will need to have a registered office in Italy. If you don’t have an address in Italy, we are ableto provide you with a registered office service for an additional fee of Euros 1,200.00 per year.
We suggest to register your trademark as well. The benefits of registering a trademark are quite relevant as you understand.
Company Incorporation service Italy
There is no citizenship or residency requirement to incorporate an Italian Company. Any European and non European citizen is entitled to incorporate a company in Italy.
HOW LONG DOES IT TAKE TO OPEN A COMPANY?
The time frame for the incorporation of a company (including VAT and bank account) is around 5-7 days from the day we start the procedure.
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