Italian Limited Company

A legal form that offers better competitiveness in the market. This form allows a continued development in the market, with no restrictions or obstacles.

VALUE AND FUNCTIONS:

Offers continuity, perfect to establish your business in the market.
No restrictions or obstacles to obtain all the benefits from the chosen business sector.
Given its continuous nature, it offers credibility to providers and clients.
Commercial flexibility and autonomy for SMEs.
Doesn’t imply loss of parental control.

BASIC CHARACTERISTICS:

Only the company responds of the company’s debts.
Minimum capital stock of 10,000 euros (€), which can be divided among shareholders in different quotas.
When establishing the company in Italy, it’s only necessary to disburse 25% of that capital.
The constitutive act may be unilateral or statutory, always through public act by notary.
The decision-making body may be a Sole Administrator or a Board of Directors.

PROCEDURE OF ESTABLISHMENT:

Steps before constitution:

Establishing a name for your new company.
Contacting the company’s bank in Italy.
Assigning a headquarters (permanent or provisional)
Writing of the constitutive act according to Italian legislation: name, headquarters, company’s activity, initial social capital, shareholders and quotas, decision-making body.
Application of “Codice Fiscale” for administrators and “Partita IVA” for the new company.
Contacting a notary

Constitutive Act:

Assistance in the signing of the public act in Italy with a lawyer and “commercialista” (economist), to answer questions and make in-situ modifications.

Registration:

Registration of the new company at the corresponding “Camera di Commercio” (Chamber of Commerce).
Obtaining the PEC (Certificate for electronic mail), according to Italian Legislation.
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.
Opening of headquarters.

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.