Branch

This legal form allows non-resident companies to exercise their economic activity and hire resident workers through its newly created branch

VALUE AND FUNCTIONS:

• Establishment of a steady business headquarters in Italy.
• Capacity to concluded businesses on behalf of the parent company.
• No limitations regarding taxes and employment.

BASIC CHARACTERISTICS:

• It may have its own internal organization.
• No need to disburse capital stock.
• It can use and dispose of assets.
• All transactions and risks are at the parent company’s expense.
• Requires the application of “Partita IVA”.

PROCEDURE OF ESTABLISHMENT:

Acts before constitution:

• Application of Codice Fiscale and Partita IVA.
• Constitutive act and Statutes of parent company are needed.
• Establishment of a headquarters (temporary or permanent).
• Legalization of documents by notary.

Registration:

• Registration of the Stabile Organizzazione at the Italian Chamber of Commerce.
• Obtainment of PEC (Certificate for electronic mailing), according to Italian legislation.
• Opening of “internet banking”, necessary for the reverse charge tax procedure.
• Obtainment of “smart card”, in order to declare the beginning of activity within 30 days.
• Legalization of social books by notary, according to Italian legislation

Fiscal and Tax assistance:

• Management of services with the “Agenzia dell’Entrate”, such as the application of Codice Fiscale and Partita IVA.
• Fiscal and tax consultancy regarding the company’s accounting.
• Assistance in the declaration of Italian taxes.

Accounting assistance:

• Management of general accounting.
• Management of the social books.
• Registration and declaration of VAT.
• Declaration of direct taxes.

Labor law assistance:

• Hiring and firing of workers.
• Monthly payroll processing.
• Complying with monthly fiscal obligations, according to Italian legislation.

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