Italy Company Formation

Italy Company FormationItaly Società a Responsabilità Limitata (Srl) Company Incorporation

An Italian Società a Responsabilità Limitata (Srl) is a legal entity which is separate and distinct from the individuals who run it. For sole traders and for people in partnerships, the individuals’ personal assets are at risk if there is a claim against the organisation but shareholders in an Srl are liable to lose only the value of the share capital to which they subscribe.

Italy is a particularly popular jurisdiction for those who wish to start a company in agriculture, tourism and manufacturing.  There are a lot of government incentives including investment grants, low interest business loans and state guarantees for exports. Furthermore, if you provide more investment capital than your company requires you can deduct the surplus from your taxable income.

Italy company formation nameCompany Name

An Italian Srl must have a unique name.

The chosen name will be checked with the Italian business register (Registro Imprese).

company formation registered officeRegistered Agent

According to Italian law every company has to provide an official registered office where company books and official documents are kept. This is the address where your company will be registered. We provide this address for you as part of our incorporation package (Milan).

Italy Incorporation directorDirectors

An Italian Srl only requires one person to act as a director. This person may be of any nationality. Each director must have a fiscal code (codice fiscale); this is provided as part of our incorporation service. Director names are filed on the public register.

Italy company formation shareholderShareholders

An Italian Srl requires only one person to act as a shareholder, if you do opt to have just one shareholder then the company will be a ‘Società Uninominale’ rather than a ‘Società a Responsabilità Limitata’ and the shareholder’s liability will be deemed to be unlimited. There are no restrictions on nationality and corporate shareholders are permitted, and all shareholder names are filed on the public register. Each shareholder must have a fiscal code (codice fiscale); this is provided as part of our incorporation service.

Italy company formation share capitalShare Capital

The authorised share capital requirement for your Srl is €10,000. For an Srl, at least 25% of the share capital must be deposited within a bank in Italy before the Deed of Incorporation is executed. For a Società Uninominale, Italian law requires the entire share capital will be fully paid-up at the time of the incorporation. After payment, the bank will issue a deposit certificate to be attached to the Deed of Incorporation.

Italy company formation share capitalFiling Requirements

An Italian Srl is required to file an annual return and maintain a register of officers and accounts. Small companies do not need to be audited

Italy company incorporation timescaleTimescale

The incorporation of a new company takes two weeks from the moment we have received your proofs of address and identification.

Italy company formation feesItaly Company Formation Fees

Italy S.r.l. Company Formation – 2 weeks

  • Reserving your Company Name
  • Liaise with the local registrar and relevant authorities
  • Structuring the company as per your requirements
  • Prepare your Company Registration Forms
  • Drafting and authentication of Deed Articles and By Laws
  • Registration of Deed with taxes
  • File the documents with the Registro delle Imprese at the local Chamber of Commerce
  • Appoint the Directors
  • Minutes appointing first Directors
  • Preparation of the first minutes of Board Meeting
  • Notary Public fees
  • Filing of the start up report dependent on business activities
  • Request of the PEC  –  secure electronic signature
  • Publication in Legal Gazette
  • Obtaining Fiscal code
  • Management of the share capital
  • Initial Government licence fee payable on incorporation
  • Certificate of Incorporation
  • Issue of shares and production of Share Certificates
  • All documents and certificates supplied in a professional folder
  • £150 Legalisation of the mandatory corporate books
  • £310 Registration tax
  • £400 Obtaining the VAT number
  • £200 Obtaining director’s tax code
  • Delivery of documents by FedEx / DHL courier
£4800
Additional Services
Company Administration & Registered Office (required)£1600
Company Secretary (if required)£660
Annual Renewal Fees
Company Administration

  • Provision of the Registered Office in Italy
  • Compliance with local domicile requirements
  • Payment of Government Fees
  • Maintaining statutory records
  • Statutory Due-Diligence
  • 12 months basic consultation
  • Ensuring that your company is kept in good standing through payment of the annual government fee and filing of annual documents
£1600
Directors Register Maintenance£175

 

Your company will be incorporated using your chosen name and we will ensure that the procedure is as simple as possible.

The whole incorporation process can be completed online and we will administer the preparation and filing of all registration forms on your behalf.

Italy company incorporation proofProof of Identity

As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.

Italy Company formation travelTravel

A PEC , secure coded email address,  is verified with the Italian notary and issued for the specific purpose of incorporation ,the PEC is valid for 6 months.   This is used as an electronic signature.  Incorporations on this basis  have pre arranged electronic appointments with the Notaries Office and do not require you to travel to Italy.

Ready Made Companies

The concept of a ready made company is not applicable in Italy.

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