How to register a company in Italy
Italy may be the perfect place to start your dream business. It has the 3rd largest national economy in the EU, after France & Germany! This position is owed by its strong business economic sector; agricultural sector; and manufacturing. In Agriculture, the country is considered the largest producer of wine in the world. In manufacturing, it's renowned for its luxurious goods and is second only to Germany.
Business does so well in Italy because of the country's stable political environment and favorable company laws. Just recently, legislators gazetted to introduce measures that improve the country's position as a welcoming home for foreign businesses. If you would like to start a business in Italy, you only need to complete a few steps. The time taken to finish the business registration processes is about 15 working days.
Who can register a business in Italy?
Any person, whether local or foreign (i.e. non-EU or EU resident) can start a business in Italy. However, you should note that the condition for participation by non-EU residents will be met by reciprocity. Individuals or legal entities from the EEA & the EU may be treated the same as Italian citizens, i.e. without any barriers to business. Investments made by foreigners from outside the EU usually may face some restrictions.
What to consider when choosing to do business in Italy
Before starting the business registration process in Italy, you may want to assess certain things to confirm its viability and profitability for business. Most importantly, you may want to know if you can have all the requirements for the registration process.
The initial things to consider include acquiring knowledge of:
- The industry you want to venture in;
- Types of legal entities found in the State and choosing one;
- The company's business location. Cities in Italy have different costs and rules;
- The trade agreements between your country and Italy.
You can obtain any information you want through the help of SIGTAX in Italy. SIGTAX will provide legal advisors who understand the business in Italy.