Italy
has recently
taken new steps
to position
itself as a
welcoming home
for foreign
investment.
The result is
that Italy is
slowly emerging
as a land of
opportunity,
although you
will need specialist
local advice
to help navigate
your way through
the bureaucracy.
REQUIREMENTS
Minimum
share capital
is €10,000.
Ltd
(Srl) is
most popular
format for
businesses.
Minimum
number of
directors
is one.
No
restrictions
on foreign
shareholders
Audited
accounts
to be filed
annually.
Annual
tax return
and VAT
filed quarterly
plus annual
audit.
FEES
Company
formation,
bank account
assistance/set
up and VAT
registration:
£6,048.90
ex.VAT.
TIMESCALES
The
whole process
takes approximately
4 weeks
(dependant
upon quick
supply of
information).
RUNNING COSTS
Company
services:
€5,000.
Includes
administrative
directorship,
registered
office,fiscal
representation
per annum
(pro rata).
Director
required
for opening
a bank account
and company
administration.
Chartered
accountant:
€5,000.
Includes
VAT and
tax reports
and yearly
return.
Bookkeeping
at cost
to be defined
according
to requirement.
NOTES
Costs
net of VAT.
Costs
net of qualified
tax, duties
and costs
unless otherwise
stated.
Costs
for standard
Srl.company
with basic
activity
and no employees.
OFFICES
Virtual
office (includes
telephone,
fax and
mail forwarding
facilities):
£200 per
month payable
quarterly
in advance
plus £600
deposit
refundable
within 30
days upon
termination
of your
office contract.
Serviced
office:
cost as
per requirement.
HOW DO I PROCEED?
In order to commence the formation procedure, we will require the following:
A
completed
application
form.
A
certified
copy of
each director/shareholders
passport.
Two
utility
bills that
are less
than three
months old.