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Guide to Starting a Business in Italy

Staff Reporter | 4:19 PM |

Formal registration of companies has many immediate benefits for the companies and for business owners and employees. Legal entities can outlive their founders. Resources are pooled as several shareholders join forces to start a company. Formally registered companies have access to services and institutions from courts to banks as well as to new markets. And their employees can benefit from protections provided by the law. An additional benefit comes with limited liability companies. These limit the financial liability of company owners to their investments, so personal assets of the owners are not put at risk. Where governments make registration easy, more entrepreneurs start businesses in the formal sector, creating more good jobs and generating more revenue for the government.


Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Italy. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income.

This information was collected from World Bank: Doing Business
 

No.ProcedureTime to CompleteAssociated Costs
1Deposit at least 25% of the amounts contributed in cash with a bank1 dayno charge
* 2Execute a public deed of incorporation and company bylaws before a public notary; pay registration tax1 day (simultaneously with previous procedure)EUR 3,222 (Notary fees) + EUR 168 (Registration fee) + EUR 156 (Imposta di bollo)
* 3Buy corporate books and accounting books1 day (simultaneously with previous procedure)EUR 14.62 stamp fee for each 100 pages (3 books), EUR 25 registration fee per book (3 books)
* 4Pay government grant tax to the post office current account1 day (simultaneously with previous procedure)EUR 310
5Register the Company through Comunicazione Unica2 daysEUR 200 (membership fees) + EUR 90 (registration fee with chamber of commerce)
* 6Notify the competent Labor Office (DPLMO) the employment of workers1 day (simultaneously with previous procedure)no charge
* Takes place simultaneously with another procedure.