The first step
One of the first elements that should be evaluated by an investor willing to set up in Italy is represented by the choice of the most suitable corporate form. It depends on the type of business activity (production and/or sale, provision of services or the promotion and representation) and the budget of the investment.In details the most significant elements to take into consideration are:
The capital
that you want to invest
The type of risk
the entrepreneur can decide whether to limit
his/her liability to the subscribed capital
or to involve his/her entire amount of assets
Organization
i.e. partnerships/corporations
Let us help you
Investing or starting up an activity abroad may turn out to be difficult and very demanding. Thanks to Invest in Tuscany, you will be able to avail yourself of professionals with competence in numerous areas of application with regard to the investment sector and realizing your business in Tuscany.
Our team is at your disposal for:
Providing you with consulting on legal, financial, and corporate aspects;
Putting you in contact with attorneys, accountants, trade associations, and chambers of commerce;
Organizing meetings for you with real estate agents and inspections;
Providing you with the know-how necessary to register your activity with the competent authorities;
Facilitating the creation of networks and contacts with potential future partners, public authorities, and research institutions;
Selecting the staff that is the best adapted to your company.
On the basis of assessment of the elements mentioned above, investors can to choose between:
The rappresentative office
A representative office is an office established by a company to con-duct exclusively marketing and other non-transactional operations (such as market research and promotional activity).
Branch
An Italian branch isa representative of the foreign company’s core businessincluding a permanent establish-ment in Italy with decision-making power. The Italian branch office is not a separate legal entity and the parent company is respon-sible for its initiatives.
Indipendent Italian Company
Is an independent legal entity incorporated under the forms provided by the Italian jurisdiction, completely autonomous.
Partnership company
Share capital
The law does not stipulate a minimum amount of share capital.
Type of risk
The company’s liabilities are paid off by the company itself with its own equity (the members’ shares). However, in the event that these shares are not enough, the members shall pay off the liabilities (personally and fully) using their personal shares.
Organization
No company organs are provided. Each
member who is fully liable by law, may manage the company.
Corporation
Share capital
The law lays down a minimum obligatory amount of share capital.
Type of risk
For corporations, company liabilities are paid off, solely and exclusively by the company through its’ own equity. Members are not personally liable for the company obligations.
Organization
A wide range of company organs are provided which have specific responsibilities and operate based on a majority principle, in accordance with the law.
Sole proprietorship (S.s.)
No specific structure is required for the authenticity of the company
Partnership (S.n.c.)
Acompany contract is required (an instrument of incorporation) with a minimum content required by law
Limited partnership (S.a.s.)
a company contract is required (an instrument of incorporation) indicating the two categories of members: general partners and silent partners.
Limited liability company (S.r.l.)
Minimum of share capital: € 10.000. When the company is formed, at least 25% of share capital must be paid into a bank
Single-member company (S.u.r.l.)
Minimum € 10.000. When the company is formed, all of the share capital must be paid into a bank.
Simplified limited liability company (S.r.l.s.)
From € 1,00 to € 9.999,99. When the company is formed, the share capital must be paid in full to the administrative entity.
Public limited company (S.p.A.)
Minimum € 120.000. When the company is formed, at least 25% of share capital must be paid into a bank.
Limited partnership with a share capital (S.a.p.a.)
Minimum € 120.000. When the company is formed, at least 25% of share capital must be paid into a bank.
