Italian Company Formation

Italy offers various benefits for corporations looking to expand their business globally. The country’s position within Europe, access to markets, and established infrastructure all facilitate international business. Italy has become much more liberal and foreign investors can benefit from various financial incentives, although completion of all the relevant bureaucracy is complex.

Universal Company Incorporations have a local office in Italy through which we have established a local business presence. Our team will assist you with any language or cultural difficulties as well as advising about the required business practices and legalities to ensure you make the most of your Italian company.

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Company Formation Italy

 

Further Information

Company Set Up Options

There is a range of company forms in Italy to suit all business sizes and requirements. The three main forms of company are as follows:

  • Limited Liability Company (SrL)
  • Joint Stock Company (SpA)
  • Branches

Italian bureaucracy is complex and compliance with all the various required documentation is essential for a smooth incorporation.

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Regulatory Environment

Italian bureaucracy is notoriously strict and enforced by public authorities. As a result the legal system is slow. However, it is much more liberal than it used to be as capital and dividends can be freely repatriated in line with EU rules and there are a number of double taxation treaties. Foreign ownership is also permitted in most industries, bar defence-related areas such as aviation and shipping, although there are certain restrictions in place within the telecommunications sector.

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Banking Facilities and Financial Incentives

International banking in Italy is prominent, with excellent facilities throughout the country. The financial capital of the country is concentrated in the city of Milan and is one of the leading banking centres in Europe. Most major international banks are represented in Italy, and there are a number of independent local banks which are in the process of improvement throughout the country.

There are several financial incentives to benefit from when setting up a company in Italy. These include low-interest loans for enterprises encouraging exports of Italian goods, Research and Development grants covering up to 50% of total R&D costs, and local and Corporation Tax breaks for up to ten years in areas of high unemployment.

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Staff Recruitment

Labour laws are stringent in Italy and employers are advised to obtain local legal advice before entering into a contractual arrangement. The Italian labour force is well educated and skilled however, and there is availability of staff. The wealthier north of the country has a much lower rate of unemployment than the south but Italian recruitment agencies will be able to find the best staff in the right location for your business.

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