If you have decided to set up business in Italy, it is important to know all the legal requirements before you begin operating as a business. There are many forms and documents that must submitted, so it’s important to obtain legal advice before making this important decision.
It is noteworthy that before going to public notary, you should draft and execute a public deed of incorporation including the company’s bylaws. This legally documents the creation of your company and therefore you must include such information as your company name and address. After that, you should hand the document to the notary that will require notarial fees and the registration tax which must be paid within 20 days.
Company registration is made through a notary or Register of Enterprises. Limited liability companies (SRL) must keep corporate books such as a minute book of board of directors’ meetings and a minute book of Statutory Auditors. Both books must be valid for authentication. Other companies must have 2 accounting books – journal and inventory. You can purchase these books at specific stores or through a notary public with no need for authentication.
Government tax must be paid yearly by each company. The amount depends on the amount of the company’s social capital. If the social capital is under 516,456,90 EUR, the government tax amounts to 309.87 EUR. If the amount is above the stated sum, then the tax to be paid is 516.46 EUR. The payment is done through the Tax Revenues Authority.
Companies are required to electronically file a single notice to the Register of Enterprises. The documentation must include forms requested by the following organizations:
- Registro Impreso
- Agenzia delle Entrante
- INPS and INAIL
Also, the company has to present a certified email address with the registration documents. After registration the company will receive the documentation within 7 days. The documents include a tax identification number, VAT number and registration paperwork from Social Security Register (INPS) and Accident Insurance Office (INAIL).