How do I start an LLC in Italy?

Does Italy have LLCS?

There are several ways to start a business in Italy, the most common being through the setup of a limited liability company (locally known as an SRL).

Can a foreigner start a business in Italy?

Can I open a business in Italy? In principle, a foreign person who is not a resident of Italy or the European Union can only set up a company in Italy if an Italian citizen can set up a company in the non-EU country where that foreign citizen comes from.

How much does it cost to start a company in Italy?

Costs for company formation in Italy

Incorporation fee – approx. EUR2,300; Accounting fee – starting from EUR130/month, depending on the number of invoices and yearly turnover; Minimum share capital – EUR 1 for a limited liability company and EUR 50,000 for a joint stock company.

Can a foreigner register a company in Italy?

Business Factors

Generally, Italy does not impose any specific requirements on foreigners wishing to establish a business presence in the country, although there is a condition of reciprocity imposed on participation by non-EU nationals.

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What is LLC in Italy?

In Italy, there are two main types of limited liability companies: Private Limited Companies by Quotas (società a responsabilità limitata or S.r.l.) including “Traditional S.r.l. or “S.r.l.” and “Simplified S.r.l.” or “S.r.l.s.”); Public Limited Companies by Shares (società per azioni or S.p.A.).

How do I set up as a sole trader in Italy?

Requirements. In order to open a sole proprietorship, the sole trader must be resident in Italy, have an Italian address and possess a valid work permit. If these requirements are not met, it will not be possible to open a sole proprietorship.

Can you run a business from home in Italy?

You need to have the legal right to live and work in Italy and you will generally need to have a residence permit before you can operate a business in Italy. If you are from a country outside of the EU you will also need a licence before you start operations.

What are the risks of doing business in Italy?

They include drug trafficking, fraud, bribery and corruption, high end money laundering, modern slavery and human trafficking. The strength and competence of the Italian authorities to combat organised crime allows for significant action to minimise the effects on legitimate business.

How do I start an online business in Italy?

The following steps must be completed upon the registration of an online business in Italy:

  1. registering a company or as a sole trader;
  2. registering with the local municipality;
  3. registering for tax and VAT purposes;
  4. setting up a website;
  5. registering a domain name for the online shop.

How much does a business license cost in Italy?

In general, the main costs related to incorporating a business in Italy are: Trade Register fee – EUR520 (this fee will be paid for registering a company with the local Trade Register); Virtual office – EUR100/month (this is necessary if you don’t have an office for your business); Incorporation fee – approx.

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How long does it take to register a company in Italy?

The process for registering a company in Italy will take approximately 5 days to complete, including the opening of the corporate bank account and the VAT registration. The entrepreneurs can set up the account on the same day and the VAT number can be obtained after the company registration.

Is it easy to do business in Italy?

A challenging business environment

As described in the global report Doing Business 2020, Italy still performs below the EU average for ease of doing business. Italy ranks 58th for overall ease of doing business and 98th for starting a business, out of 190 economies.

How can a foreigner open a restaurant in Italy?

In this case, non-EU citizens will need to obtain a permit or visa. The investor visa for nationals outside of EU is usually the most suitable option for foreign nationals who wish to open a restaurant and, when they comply with the requirements, applicants can receive a two-year investor visa for Italy.