Company incorporation Italy
Nicolò Bolla

Nicolò Bolla

Company Incorporation in Italy

There are various ways you can trade and do business in Italy and each of the setup carries pros and cons. The easiest form is normally the self-employed or freelancer position; however this does not screen the trader from unlimited liability in case of bankruptcy or any mishappenings incurred during the trade.

The limited liability concept is a cornerstone in Western societies, and it contributed to the economic growth seen in recent years. If the entrepreneur can shield his assets from the company’s liabilities, it is more likely the company can grow faster.

Having said so, let’s find out how to incorporate your company in Italy.

Company incorporation Italy
Company incorporation Italy

Company incorporation process

The company incorporation requires a notary deed, therefore the shareholder(s) and the managing director(s) need to witness the deed in which they will sign the memorandum of incorporation and the articles of incorporation.

The first document is a minute of the meeting in which the notary writes down the main information about the individual present and the intent to form company; the latter document is more relevant as it provides

Note that whenever you want to change the articles of incorporation, you are required to call an Extraordinary General Meeting and the meeting has to be signed by a notary, thus incurring additional costs. It is therefore crucial to be properly assisted in the drafting of the articles of incorporation as it saves money (and time) down the road.

Who can be a shareholder or a managing director of an Italian company? The answer is more complicated than you think. Any Italian citizen or Italian resident can own a share in Italian any company, the right is also extended to any resident of Italy (temporarily or long term), however what about non residents?

In this case it is more complicated. The crucial point is to determine whether the foreign citizen is protected by an Investment Protection Treaty signed with Italy, granting the right to foreign citizens to own shares of Italian companies (and vice versa).

For example, a US citizen can own shares in an Italian company without being resident.

In order to setup the company the notary needs the following information:

  • Each shareholder’s general information including the Codice Fiscale
  • Each director’s Codice Fiscale
  • Company’s partita IVA
  • Certified Email Address (PEC)
  • Registered address
  • Paid up capital
  • Company’s duration
  • Company’s form of administration

Power of attorney

In order to witness a notary deed you are required to be present and to have a basic understanding of Italian. If you don’t speak the language, you can be assisted by a translator during the deed, alternatively you can provide a trusted attorney (doesn’t necessarily need to be a lawyer) who can witness the company incorporation deed on your behalf, as well as sign papers for you.

The power of attorney procedure can be completed in Italy or abroad, in the latter case, the power of attorney needs to be notarized and apostilled prior to being used in Italy.

Company’s followup activities

Once the notary has registered the company at the local chamber of commerce, your company is live and you will receive a Visura which is a company certificate of incorporation. The Visura includes further information regarding the business and the company

Based on the company’s activity, it might be required to obtain a certain permit to start trading (from local or national authorities); think about commerce activities, or public transportation businesses. They both require permits to operate.

Once this happens, you can inform the chamber of commerce about this and the company is finally active and you can run your business!

Share this post:


Leave a Comment

Your email address will not be published.

Related Posts

2 People signing contracts | Open a Company in Italy

How to open a Company in Italy in 2022

Who Can Open a Company in Italy To conduct business in Italy there are several different options available. This is thanks to many reforms that encourage the streamlining and simplification of procedures required to start and operate businesses in Italy. Any person may conduct business either as an individual in Italy, or through the setting

Retire in Calabria in Italy

Italy’s southern region of Calabria is the toe of the Italian boot, a peninsula surrounded by the incredible Tyrrhenian Sea on the west coast, the Ionian Sea on the east, and separated from Sicily by the small Strait of Messina, itself steeped in both history and myth. Who Qualifies to Retire in Calabria, Italy While

Freelance with a calculator | Freelance Visas in Italy

Freelance Visas in Italy

Obtaining a Self-Employment Visa in Italy Getting your hands on a freelance visa (Visa for Self-Employment), as a non-EU citizen, is difficult. Not only does the Consulate ask that you have some form of “employment” lined up before arriving in Italy (often a perplexing situation), but you have to go through some additional processes that,

Gran Sasso in Abruzzo Italy | Retire in Abruzzo

Retire in Abruzzo in Italy

Abruzzo is in the center of Italy, a mere 31 miles from Rome, though historically it has been considered a part of southern Italy both politically and culturally. Its eastern coast is bordered by the Adriatic Sea, with Le Marche to the north, Lazio to the west, and Molise to the south. Living in Abruzzo

San Pietro Square | Requirements for Residency in Italy

Requirements for residency in Italy: all you need to know

Requirements for EU Citizens and Non-EU Citizens All citizens of the European Union have the right to move and reside freely in Italy or within the territory of another Member State other than that of which he/she is a national. Different formalities are required depending on the length of stay (exceeding three months or shorter

Scroll to Top

Join us for

Joing our mailing and receive at your mailbox our amazing real estate opportunities, services updates and the latest news.