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Italy company formation
In Italy, the two primary types of private limited companies are the Società a Responsabilità Limitata (S.R.L) and the Simplified società a responsabilità limitata semplificata (S.R.L.s). The SRL and SRLS are preferred due to its straightforward management and the limited liability it provides to shareholders, and those formality are frequently adopted by small businesses and freelancers.
Common Company Legal Structure
Traditional Private Limited Company (Traditional società a responsabilità limitata (S.r.l.)
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The liability of the shareholders/quotaholders is limited to the amount of their contributions to the company
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. The minimum capital is equal to €1: | when setting up SRL with capital equal to or greater than €10,000, at least 25% of the capital must be paid to the directors.
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​when the value of the capital is between €1 and €10,000, contributions may only be in cash and must be paid up in full on subscription;
Simplified Private Limited Company (Simplified società a responsabilità limitata semplificata (S.r.l.s.)
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The simplified limited liability company (S.r.l.s.) is a form of S.r.l. introduced to encourage young entrepreneurship.
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The shareholders of an S.r.l.s. may only be individuals (natural persons)
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there is a minimum share capital of €1, up to a maximum of €9999
Incorporation process in Italy
When launching a business in Italy certain steps must be adhered to throughout the company formation process. For foreign entrepreneurs, particularly those unfamiliar with local laws, seeking legal assistance and representation is highly recommended. The company formation services offered by Yan Incorporation will be extremely beneficial.
Steps for company formation in Italy
Step 1:
Registration with Italian Tax Authorities
Under Italian law any foreigner can incorporate a company in Italy, but all directors and shareholders must obtain an Italian tax identification number (codice fiscale).
Step 2:
Execution of the articles of association
Under Italian law, the shareholders must execute the articles of incorporation through a public deed. This implies that the articles of association must be signed in front of a Notary Public. A person willing to incorporate an Italian limited liability company, therefore, has three choices: execute the articles of association personally, through a power of attorney or with a virtual meeting
Step 3:
Issuance of the company vat number
Once the Articles of Association are executed, it will be necessary to obtain the Company VAT number (Partita Iva) which is issued by the Agenzia delle Entrate
Step 4:
Issuance of the certificate of incorporation (Visura)
It is necessary to file all the documentation of the incorporating company (Articles of Association, By-laws, VAT number, codice fiscale) to the Chamber of Commerce by our lawyers. The latter, after analyzing the formal aspects of the documentation, will issue the Visura within 2-3 days.
Step 5:
Once the Visura is issued, the incorporation process is over and the company will become officially incorporated and thus, can open a bank account. Yan Incorporation's experts will support your company to obtain the bank account in Italy as soon as possible. Please check our open business account services in here
Branch Office Registration in Italy
Within the spectrum of legal entities available to operate or invest in Italy, a branch office is a valid option to access the market with full guarantees. Mixed up often for subsidiary companies, branches are not a separated legal entity to its parent company but an extension to it.
Differences between a branch office and a subsidiary company can be seen below:
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No require founding capital
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No legal capacity in its own
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No local management, decisions are taken by parent company.
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The parent company is liable for all actions or omissions of its branch
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​Branches have similar incorporation requirements to regular private companies​
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Get in touch with us
Contact us today to receive a quotation for our company formation in Italy. We are here to assist you every step of the way.
Contact
Email: info@yanincorporation.com
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