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Italy

Legal form:

S.p.A., S.r.l., S.a.s., S.n.c.

Delivery:

4 weeks

Price: $

3000

Payment methods:

payment methods.webp

Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

Abbreviation

Country

Italy

Email

Phone

Listing
Open website
UK comapny formation (1).webp

About

Italy

Capital
Official languages
Population 
Currency

ISO 4217

Rome

Italian

60,589,445 (as of July 2020)

Euro

EUR

FAQ

Q: What is the process for forming a company in Italy?

A: The process for forming a company in Italy involves several steps, including choosing a company name, drafting the articles of association, depositing the share capital, obtaining a tax identification number, registering with the relevant trade register, and obtaining the necessary licenses and permits.


Q: What are the different types of companies that can be formed in Italy?

A: There are several types of companies that can be formed in Italy, including società a responsabilità limitata (SRL), società per azioni (SPA), and società in accomandita per azioni (SAPA).


Q: What are the requirements for forming an SRL in Italy?

A: To form an SRL in Italy, there must be at least one shareholder, and a registered office in Italy. The company must also have at least one director and one statutory auditor.


Q: What are the ongoing compliance requirements for companies in Italy?

A: Companies in Italy are required to file annual financial statements, annual returns, and other tax-related filings. The company must also comply with various tax and regulatory requirements.


Q: What are the tax implications for companies in Italy?

A: Companies in Italy are subject to a corporate income tax rate of 24%, as well as other taxes such as value-added tax and employment-related taxes.


Q: Can foreigners form a company in Italy?

A: Yes, foreigners can form a company in Italy. However, non-resident companies may be subject to additional requirements, such as appointing a resident agent or providing proof of good standing in their home jurisdiction. Additionally, foreign companies may be subject to certain restrictions or limitations on ownership and control of Italian companies.

Economy

Italy has a strong and diverse economy, with a GDP of $2.2 trillion in 2019, making it the 8th largest economy in the world. The country is a major exporter of goods and services, with exports totaling $521 billion in 2019. Italy is also a major importer, with imports totaling $521 billion in 2019. The country has a strong manufacturing sector, with a focus on luxury goods, automobiles, and fashion. Italy is also a major tourist destination, with over 60 million visitors in 2019. The country has a strong agricultural sector, with a focus on wine, olive oil, and fruit production. Italy also has a strong services sector, with banking, insurance, and telecommunications being major contributors to the economy. The country has a strong financial sector, with the Italian Stock Exchange being the third largest in Europe. Overall, Italy has a strong and diverse economy, with a focus on exports, manufacturing, tourism, agriculture, and services.

Taxation

Italy has a tax system that applies to both individuals and corporations. Here is an overview of the taxation system in Italy:


Corporate Taxation:

- The corporate tax rate in Italy is a flat rate of 24% for most types of companies.

- However, small and medium-sized enterprises (SMEs) may be eligible for a reduced tax rate of 15%.

- Companies are required to file their tax returns by the end of November each year, and tax payments are due in two installments: one in June and one in November.

- Companies are also subject to a regional tax on productive activities (IRAP), which is based on the value of the company's assets and ranges from 3.9% to 4.35%.


Personal Taxation:

- The personal income tax system in Italy is progressive, with tax rates ranging from 23% to 43%.

- The tax year in Italy runs from January 1st to December 31st.

- Individuals are required to file their tax returns by the end of September each year, and tax payments are due in two installments: one in June and one in November.

- There are also several deductions and tax credits available to individuals, including deductions for medical expenses and education expenses.


Tax Payment Process:

- Tax payments can be made at banks or post offices, or online through the Italian tax authority's website.

- The Italian tax authorities provide taxpayers with a tax return form each year, which can be completed online or on paper.

- The tax return must include information about the taxpayer's income, expenses, and deductions for the previous year.

- The tax authorities will then calculate the taxpayer's tax liability and send them a tax assessment.

- Taxpayers can choose to pay their taxes in a lump sum or in installments throughout the year.


In summary, Italy has a progressive taxation system for both individuals and corporations. Tax returns must be filed by the end of September for individuals and by the end of November for corporations, and tax payments are due in two installments: one in June and one in November. Taxpayers can make their payments at banks or post offices, or online through the Italian tax authority's website.

Company incorporation application form

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Extra services

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