Registration of Company in Italy-SrL

Company registration in Italy

Italy occupies not only the lands of the Apennine peninsula (due to the peculiar shape of the country on the map it can not be confused with any other state). Italy also occupies the island of Sardinia, Sicily (the largest ones ) and other less vast ones.

France flanks from the west, Austria and Switzerland - from the north, and Italy shares the north-eastern border with Slovenia. Washed by five seas, Italy is predominantly mountainous country. The northern part is occupied by the southern slopes of the Alps, where there are numerous skiing resorts.

The highest mountain peak in Europe is Mont Blanc, which is also located in sunny Italy.

It is unusual, but true fact that the territory of Italy has hospitably placed two small states: the Republic of San Marino and the world-renowned center of Catholicism - the Vatican.

Tourists are attracted by the ancient capital of Italy (Rome), picturesque Naples, fans of shopping - by fashionable Milan.

And Italian cuisine recognized as the best in the world is certainly a topic for a separate article. it's no coincidence that everywhere in different countries, there are Italian restaurants.

Another interesting and quite joyful for all Italians fact is that the duration of their (the Italians’) lives is the longest among estimations of other European countries. The country's population is about 57 million people, 98% of whom are Italians.

Italian language is the official one.

Climate conditions of different regions of Italy are different. But it is a plus for the tourism industry, because it is almost always possible to choose the best place to visit due to weather conditions.

And sociable and emotional Italians will brighten up any bad weather by their friendly treatment.

By visiting the country once or several times, many people start to think about registration of business in Italy.

And among many organizational and legal forms entrepreneurs often choose LLC (Srl) or partnership (SAS).

Nuances of registration of the Srl company in Italy:

• It is allowed to establish the company if there are one director, who is EU citizen.
• Participation of foreign nationals is not limited.
• Tax report shall be submitted once a year , and report on VAT is to be submitted quarterly.
• Company in Italy should have registration number of the tax payer (Codice Fiscale).
• Bank account shall be opened by personal visit.
• Registration of Srl company in Italy takes about 4 weeks.

Formation of partnership (SAS) as form of company in Italy would be suitable solution for:

- small company, which employs less than 10 employees and annual turnover of which is less than € 2 million;

- small enterprise, which employs less than 50 people, and with annual turnover of up to € 10 million.

Limited partnership (SAS). Peculiarities

• It is a hybrid of LLC and full partnership.
• It can have two types of founders:

- investors, not participating in the management of the company;
- founders, managing the company, who have limited liability by their property.

• Income of the founders can not be checked.

• Employees themselves can be investors. Employment (by recruitment) in Italy does not involve the payment of large taxes by employer. But at the same time it is necessary to have specialist who is responsible for filling out the declarations of workers.

Taxes in Italy

• Corporation tax equals to 27,5% that is standard rate.
• Local tax. The average rate is 3.9%. Inactive companies are also taxed.
• Tax on incoming dividends. Only 5% of the incomes from dividends shall be taxable. But such tax exemption does not apply to offshore companies in Italy.
• On capital gains. Usually it equals to 27.5%. Subject to certain conditions it is possible to obtain exemption from tax of 95% of the income.
• Withholding tax:

- on royalties - 22.5%;
- on dividends - 20%;
- on interest payments - 20%

• VAT. Standard rate is 21% (within the country).

Company Registration in Italy will become simple and quick procedure for you with our assistance. Registration of companies, offshore companies is one of the most important directions of our work.

Registering a company in Italy means obtaining real opportunity of running successful and profitable international business.