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Offshore company formation

ITALY

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INTRODUCTION
 
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.
  • All documentation should be sent to us.
Laila Rouass Business Inc goodwill ambassador
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