Register your company in Italy

Step 1: Research and planning

The first crucial step in establishing your business in Italy is thorough research and meticulous planning. Familiarize yourself with the Italian business landscape, identify your target market, and assess the competitive landscape.

Additionally, delve into Italian corporate law to understand the legal framework governing businesses in the country. Strategic planning at this stage lays the groundwork for a successful entry into the Italian market.

Step 2: Choose a business name

Selecting an appealing and distinctive business name is not only a creative process but a legal one as well. Ensure that your chosen name complies with the requirements of the Italian Commercial Registry and reflects your brand identity.

Utilize the registry to verify the availability of your selected name, avoiding conflicts with existing businesses.

Step 3: Determine a business structure

Italy offers various business structures, including sole proprietorship, partnership, and limited liability company. Choose a structure that aligns with your business goals and legal requirements. Each structure has its own implications on taxation, liability, and management, so carefully evaluate the pros and cons before making a decision.

Step 4: Appoint a legal representative

For foreign businesses, appointing a legal representative is mandatory. This individual acts as the liaison between your company and Italian authorities. The representative can be an Italian resident or a legal entity with a physical presence in Italy.

Step 5: Obtain a Codice Fiscale

The Codice Fiscale, or Italian tax code, is a unique identification number essential for business transactions and compliance. Every director, shareholder, and legal representative must obtain a Codice Fiscale. This can be obtained through the Agenzia delle Entrate, the Italian Revenue Agency.

Step 6: Open a preliminary bank account

Before official company registration, open a preliminary bank account in Italy. This account will be used to deposit the initial capital required for the business. Different banks may have varying requirements, so ensure you provide all necessary documentation for a smooth account opening process.

Step 7: Draft the Articles of Association

The Articles of Association outline the rules governing your company’s internal affairs. Work with legal professionals to draft this document, ensuring it complies with Italian corporate law. It should include information about the company’s purpose, share structure, and governance.

Step 8: Register with the Italian Commercial Registry

The Italian Commercial Registry (Registro delle Imprese) is the central repository for business information. Complete the necessary forms and submit them to the registry along with required documentation, including the Articles of Association, proof of initial capital, and identification documents of directors and legal representatives.

Step 9: Obtain necessary business licences

Certain business activities may require specific licenses or permits. Research the regulatory requirements for your industry and obtain the necessary approvals. Non-compliance with licensing regulations can lead to fines or even the closure of your business.

Step 10: Register for taxes

Once your company is registered, you need to comply with Italian tax obligations. Register for corporate income tax (Imposta sul Reddito delle Società, or IRES), value-added tax (IVA), and any other applicable taxes. Work with tax professionals to ensure accurate and timely filings.