Italy Società a Responsabilità Limitata (Srl) Company Incorporation
An Italian Società a Responsabilità Limitata (Srl) is a legal entity which is separate and distinct from the individuals who run it. For sole traders and for people in partnerships, the individuals’ personal assets are at risk if there is a claim against the organisation but shareholders in an Srl are liable to lose only the value of the share capital to which they subscribe.
Italy is a particularly popular jurisdiction for those who wish to start a company in agriculture, tourism and manufacturing. There are a lot of government incentives including investment grants, low interest business loans and state guarantees for exports. Furthermore, if you provide more investment capital than your company requires you can deduct the surplus from your taxable income.
An Italian Srl must have a unique name.
The chosen name will be checked with the Italian business register (Registro Imprese).
According to Italian law every company has to provide an official registered office where company books and official documents are kept. This is the address where your company will be registered. We provide this address for you as part of our incorporation package (Milan).
An Italian Srl only requires one person to act as a director. This person may be of any nationality. Each director must have a fiscal code (codice fiscale); this is provided as part of our incorporation service. Director names are filed on the public register.
An Italian Srl requires only one person to act as a shareholder, if you do opt to have just one shareholder then the company will be a ‘Società Uninominale’ rather than a ‘Società a Responsabilità Limitata’ and the shareholder’s liability will be deemed to be unlimited. There are no restrictions on nationality and corporate shareholders are permitted, and all shareholder names are filed on the public register. Each shareholder must have a fiscal code (codice fiscale); this is provided as part of our incorporation service.
The authorised share capital requirement for your Srl is €10,000. For an Srl, at least 25% of the share capital must be deposited within a bank in Italy before the Deed of Incorporation is executed. For a Società Uninominale, Italian law requires the entire share capital will be fully paid-up at the time of the incorporation. After payment, the bank will issue a deposit certificate to be attached to the Deed of Incorporation.
An Italian Srl is required to file an annual return and maintain a register of officers and accounts. Small companies do not need to be audited
The incorporation of a new company takes two weeks from the moment we have received your proofs of address and identification.
Italy Company Formation Fees
|Italy S.r.l. Company Formation – 2 weeks ||£4800|
|Company Administration & Registered Office (required)||£1600|
|Company Secretary (if required)||£660|
|Annual Renewal Fees|
|Directors Register Maintenance||£175|
Your company will be incorporated using your chosen name and we will ensure that the procedure is as simple as possible.
The whole incorporation process can be completed online and we will administer the preparation and filing of all registration forms on your behalf.
Proof of Identity
As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.
Formacompany recommends a visit Italy to complete the company formation. An alternative is a PEC , secure coded email address, which has been verified with the Italian notary and issued for the specific purpose of incorporation ,the PEC is valid for 6 months. This is be used as an electronic signature. Incorporations on this basis have pre arranged electronic appointments with the Notaries Office.
Ready Made Companies
The concept of a ready made company is not applicable in Italy.