How set up a company in Italy?
In Italy, setting up a business requires registration in the Business Register managed by the Chambers of Commerce. All companies operating in Italy, regardless of the legal nature adopted, must therefore be registered in the Business Register. Registration requires the payment of an annual fee.
How much does it cost to open a business in Italy?
Overall, the cost of starting a business in Italy is the highest in Europe, with a total of 4,155 euros and a difference of almost 2,000 euros compared to the second country on the list, the Netherlands.
How much does it cost to create a company?
On average, the total cost to open an SRL is around € 1,500 + VAT. Taxes vary according to the type, for an ordinary SRL there are approximately € 600 of taxes, for a Startup the amount drops to approximately € 200 and for a SRLS there are no notary fees but only € 320 of taxes.
The organizational aspects of the new entrepreneurial reality.
Relevance of a business idea, business plan and customer acquisition strategy. We will focus on those aspects that are needed in a new business project:
effective customer acquisition strategy;
THE LEGAL FORMS OF COMPANIES IN ITALY
We now come to the various legal forms with which Italian companies are distinguished:
There are companies in partnerships (s.n.c. and s.a.s.) and joint-stock companies (s.r.l. and s.p.a.). Let’s see them in more detail:
For s.n.c. means a “General Company”, or a company for which it is necessary to register an act with the Business Office containing:
general information of the shareholders;
indication of the managing shareholders;
indication of the seat;
contributions from each shareholder;
duration of the company;
methods of distribution of profits and losses.
If you decide to open this type of company, keep in mind that you will not be able to distribute sums among the shareholders if not really earned profits and in case of loss of the share capital, as long as the loss is not reinstated or reduced, it is not possible to distribute profits.
Una s.r.l. (Limited Liability Company) is a joint stock company that responds to corporate obligations with its own assets. To open a business of this type, a capital of at least € 10,000 is required.
The s.p.a. (Joint-stock company) is another type of joint-stock company, however, with financial autonomy. Shareholders become shareholders by acquiring the shares but have no administrative power.
In the event that any loss of capital is not resolved or reduced by at least one third within the next financial year, the capital must be reduced. If the reduction reaches the minimum threshold of € 120,000, the company will have to be transformed into a “lower” company such as a limited liability company.
A company s.a.s. (Limited Partnership Company), on the other hand, has two different types of shareholders:
The main difference is that the former have greater obligations and responsibilities than the company. However, the general partners are the only ones who can represent the company and appear in the company name.
A cooperative is a particular type of company with variable capital, in which the members can openly participate in the capital.
These are non-profit organizations that offer their members benefits or services at advantageous prices. At least 9 partners are required to open this type of business and a public deed must be made.
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