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A Complete Guide on How to Incorporate a Company in Italy
Italy is a member of the EU. This sole fact contributes a lot to making the country a promising business hub. In addition, the geographical location of Italy contributes to the nation, being the connection point of southern, central and northern Europe. This, in turn, makes the country a haven for those willing to invest in trading and import/export business. Also, some of the biggest brands like Eni, Enel, and Assicurazioni Generali, all come from Italy. This clearly shows that Italy has a lot of opportunities in the field of energy, manufacturing, finances, and also tourism and hospitality. Overall, company incorporation in Italy is a great idea. By working with 3E Accounting, you can ensure a smooth process when you incorporate a company in Italy.
Like in Many Other Eu Countries, these Are the Types of Companies in Italy.
- Sole proprietorship
- Partnership (General and Limited)
- Cooperative
- Limited Liability Company
- Joint-stock company (Public Limited Companies)
- Branch office
- Representative office
The limited liability company is the most preferable corporate structure in Italy, especially for foreigners. A joint stock company is also popular, which is the one to go for relatively more investment.
Limited Liability Company in Italy
To open an LLC in Italy, you need at least one shareholder, and a minimum paid-up capital of EUR You will also need a director who doesn’t necessarily need to be an EU citizen. You can’t have more than 50 employees in a Limited Liability company in Italy.
Joint Stock Company
The joint stock company is also known as a public limited company. It is a bigger business and needs a minimum paid-up capital of EUR 50,000. You will need a director and auditor, and among them, the auditor should be residing in Italy. Having said that, the joint stock company is a public limited company the stocks are open to the public.
Branch Office and Representative Office
A branch office is not necessarily a subsidiary. Having said that, it still requires a separate management team. Don’t forget, at least one company representative should be residing permanently in Italy. On the other hand, a representative office is just for administrative and research purposes. You can’t make sales if you open a representative office. It is more suitable to those who want to learn beforehand the Italian market before moving in to do business.
Do I Need to Be Physically Present to Incorporate Company in Italy?
Good for you, the company incorporation process can be done remotely if you are working with a representative in Italy. Contact 3E Accounting for more information.
How Long Does it Take to Incorporate Company in Italy?
This depends on how well the incorporation process goes. If you have the right idea, and there are no problems in the paper works, the company incorporation process in Italy won’t take more than a week.
Are you looking forward to incorporating a company in Italy? Contact 3E Accounting, our Italy company incorporation services will help you incorporate your Italy company in no time.
