Establishing a Company in Italy

Located in southern Europe, Italy consists of the boot-like Apennine peninsula ("the Italian boot") and more than twenty islands, the largest of which are Sicily and Sardinia. The Apennine Mountains run almost the entire length of Italy, while the country’s fertile hills and valleys the mountain range on both sides. To the north, the Apennines merge with the Alps, forming the country’s northern border and standing as a natural partition between Italy and its Central European neighbors - France, Switzerland, Austria, and Slovenia.

Nestled at the feet of the Italian Alps, are the country’s world renown great lakes, including Como, Garda, Maggiore, and Lugano, which are fed from melting snow and alpine glaciers.

In addition to its neighbors outside its borders, Italy is home to two fully independent nation-state enclaves - Vatican City in the center of the country, at the very heart of Italy’s ancient capital city, Rome, and the microstate of San Marino, located in the northeastern part of the country, not far from the coastal city of Rimini.

For approximately two thousand years, Italy was divided into city-states and principalities, ruled by a long line of different regents throughout the millennia. Only in the 19th century, with the spread of nationalism across Europe, was Italy united into a single country.

Over the course of its history, alongside the political upheavals, Italy also underwent dramatic cultural changes, the most prominent of which is the Renaissance. Reaching its peak in the 15th and 16th centuries, the Renaissance, and its undying icons, made Italy the cultural and artistic center of all of Europe.

Today, Italy is an important member in a list of European and international organizations, including the European Union (Italy is a founding member of the EU), NATO, the OECD, the World Trade Organization, and others. It the capacity of these memberships, Italy is an integral part of the intensifying movement to politically and economically unify Western Europe, which includes adopting the Euro in 1999.

·         Italy is known for its volcanos – beginning with Vesuvius that buried the city of Pompei under its ashes, on to Etna in Sicily, which is Europe’s tallest and most active volcano, and from there to the seven Aeolian Islands, each of which is an active volcano.

·         Italy is considered the cradle of art, music, and architecture. Within its borders you will find the largest number of works of arts per square meter and the greatest number of UNESCO World Heritage buildings for conservation.

·         In 2020, Italy became the first country in the world to introduce mandatory climate crisis studies within its educational system.

Up until World War II, Italy was primarily agricultural, and its economy sustained heavy damages during the war. After the war, Italy’s economy developed quickly, turning it into an industrial powerhouse.

Today, the Italian economy is one of the globe’s largest and most diverse. On the one hand, it leans on a well-developed service sector – specifically, tourism and commerce, and on the other hand, it is supported by industrial exports, which constitute the country’s main GDP growth driver. Italy belongs to the G7 organization of industrialized countries. Its leading industries are automotive, chemicals, textile, food processing, wine, and cosmetics.

As a member of the European Union, Italy is a party to all of the agreements between Israel and the EU. In addition, Israel and Italy have also signed trade and R&D agreements, where there two countries engage in varied forms of trade in everything from industry to communications and computing. Israel’s technological innovation is greatly admired in Italy, that views this technology as a major factor in Italy’s capacity to maintain superior export capabilities.

The active international relations between Israel and Italy, Italy’s diverse economy, and the country’s outstanding scientific and engineering foundations, make Italy a robust base for Israeli companies seeking to operate in Europe, as well as in the wider international markets.

General Information


Type of company

Limited Liability Company (SRL)

Relevant Companies Law

Italian Civil Code, 1942

Offices

Required

Language of original incorporation documents

Italian

Finance and Taxation


Currency

Euro

Corporate tax rate

24%

Standard share capital

EUR 10,000

Office Holders


Company Secretary (Secretary)

 
Obligation to appoint company secretary

Not Required

Obligation to appoint local secretary

Not Required

Type of entity that may function as company secretary

Not Applicable

Director

 
Obligation to appoint company director

Required

Obligation to appoint local company director

Not Required

Minimum number of directors

1

Type of entity that may serve as company director

Individuals

Shareholders

 
Obligation to register shareholders

Required

Obligation to register local shareholders

Not Required

Minimum number of shareholders

1

Type of entity that may register as shareholder

Individual and / or a company 

Type of shares

Registered Shares

Accessibility of Information


Company registrar

Information Regarding Corporate Officers is publicly accessible.

Annual Assembly and Reporting


Obligation to hold annual assembly

Required

Obligation to prepare financial reports

Required

Obligation to submit financial reports

Required

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