Several and different options are available in order to conduct business in Italy thanks to many reforms made to streamline and simplify the procedures required to start and operate a business in Italy.
A person may conduct a business either as an individual, or through the setting up of a new company or through the purchase of shares/quotes in an existing company.
Such opportunities are available both for European and non-European citizens.
Italy offers a wide range of choices of legal forms for setting up companies. There are two main types of companies in Italy:
• Società a responsabilità limitata (S.r.l.) – limited liability company;
• Società per Azioni (S.p.A.) – stockholding companies (company limited by shares).
In 2017 almost half of all the limited liability companies launched in Italy were of the simplified type: the simplified limited liability company (S.r.l.s.) is a form of “S.r.l.” introduced to encourage young entrepreneurship thanks to a minimum share capital of € 1, up to a maximum of € 9,999.99, the absence of notarial fees and a shorter constitutive process.
Download the guide: Doing Business in Italy