Preparation of a full package of documents depending on the chosen form of ownership, communication with authorities on all matters during the registration
Obtaining a certificate of registration of the company, passing all necessary procedures and preparing required documents.
Legal address for 1 year
We provide a legal address for your company in this jurisdiction, eliminating the need to purchase or rent a property. The cost is indicated for 1 year of use.
Opening bank account
Preparation of necessary package of documents and opening a bank account
|Accounting service for 1 year||from 6500 EUR||from 6500 EUR|
|Total cost||6500 EUR||7500 EUR|
|Cost of annual service (paid from the second year)||3200 EUR||3200 EUR|
| Choose your service |
and request an offer
Italy is the world’s top national economy: the eighth-largest economy in the world by nominal GDP and the third-largest national economy in the eurozone. The Italian workforce is highly educated and adapted. Italy’s main industries include tourism, iron and steel, chemicals, food processing, textiles, manufacturing of motor vehicles, clothing, footwear. At present popular choices of opening a company in Italy among SMEs are beauty products, hotel business, catering, property investment, businesses requiring specific skills, such as dental surgery.
In the past number of years, Italy has taken radical steps to establish itself as an accommodating home for both EU and non-EU investors by harmonizing corporate law with EU standards, simplifying the company registration process, and providing companies with more tailored rules to run their businesses. New labor legislation, tax incentives, and tools for conflict resolution are the reforms underway in the country.
In the past number of years, the company incorporation process in Italy has been simplified by amending the Italian Civil Code. Foreign investors willing to set up a business in Italy must know that they can incorporate as physical persons by setting up as a sole proprietor or by acquiring an existing entity.
Below are the 8 steps you need to follow in order to start a company in Italy. (Timeframe and fees are provided as well.)
There are a good number of attractive investment options in the country. Opportunities in the tech sector or production are mainly found in the big metropolitan areas and the country’s north. Wine-making and agricultural production are traditionally in the rural regions and the country’s south.
Setting up an Italian company (including registration for VAT and opening an account in the Italian bank) takes about 15 working days.
The major legal forms of incorporation in Italy are:
Italian corporate entities are liable to a corporate income tax (abbreviated to IRES in Italian, the standard rate is 24%) and to a regional production tax (abbreviated to IRAP, the standard rate is 3.9% for IRAP). Non-resident companies pay tax on the income originated in Italy. Different taxation rules apply to businesses operating in the bank and financial sectors, insurance companies, and entities being granted governmental right to provide services.
Italy’s standard VAT rate is 22%, with 10%, 5% and 4% rates applied to certain operations. The VAT is administered by the Ministry of Finance.
There are other taxes in Italy, such as the substitutive tax on reorganizations, tonnage tax, property tax, tax on financial transactions.
Your filing for setting up a business in Italy must include by-laws—the memorandum of association and the articles of association—executed in front of a public notary. The constituent documents must be filed with the Italian Company Register.
The set of documents varies case by case.
Prifinance is a licensed registrar of businesses. Being our client, your business will benefit from the combined expertise of our knowledgeable team of lawyers. Prifinance can assist you in company formation in Italy as expeditiously as possible.