INTERNATIONAL INVESTMENT CONSULTING

General overview

WHERE WAS YOUR COMPANY WHEN THE REVOLUTION BEGAN?
Start your Business in Italy!!

COMPANIES REPRESENTATION
The first step for a presence in Italy could be a Representative Office. The Representative Office infact is the easiest way to establish a real presence in Italy for foreign companies. The deal of a Representative Office is to support the parent company interested in the Italian market, both for marketing activities and business opportunities research.

The Representative Office in Italy is 100% Tax Free. The activities that could be conducted are exclusively Limited to:
It is not allowed to have business activities related to the selling and purchasing of goods and services.

The Representative Office is considered an extension of parent company and not a legal entity. The Representative Office does not create profit therefore, according to the Italian legislation and the OECD Tax Model, is not subject to taxation and has no obligation to keep books, publish financial statements or file income tax or vat returns.

To open a Representative Office it is required to be registered at the Chamber of Commerce. This registration will award the Representative Office to be recognized like a local unit of the parent company. Instead foreign companies interested in real business activities may set up Italy Company or Italy branch.

Promotional Actions
Marketing Researches
Data-Gathering
Storage, display or delivery of goods belonging to the headquarters.

Partnerships (società di persone) and companies (società di capitali) represent the two main categories of legal entities which may be incorporated under Italian law. The most important difference between them is that   partnerships’ assets and liabilities are only partially segregated from the assets and liabilities of their members, while companies’ assets and liabilities are completely segregated.

THE RECIPIENTS OF THESE KINDS
OF INCENTIVES ARE:

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A partnership may be set up in three different forms, as a: Simple partnership (società semplice), general partnership (società in nome collettivo), or limited partnership (società in accomandita semplice).

Similarly, three different kinds of companies may be incorporated under Italian law:  stock companies (società per azioni or SpA), limited liability companies (società a responsabilità limitata or Srl) and partnerships limited by shares (società in accomandita per azioni).

Following is a brief outline of the two main kinds of Italian companies:  the stock company and the limited liability company. Their main features and differences are described, as well the corporate governance of listed companies, the Italian Civil Code rules on the establishment of a branch in Italy, the liquidation procedure, and the main rules on groups.