Milan is the main industrial, commercial and financial center of Italy. The city is a well-known hub for fashion and design aficionados and also one of the top tourist destinations in Italy.
Company formation assistance
Due to the fact that it is one of Italy’s most popular cities, Milan attracts many foreign investors who wish to start a company in Italy. The Company Act in Italy gives the foreign entrepreneur several choices when it comes to the types of companies that can be established in Italy.
The limited liability company is a type of company, with legal entity, usually chosen by investors who wish to set up a small, flexible business. Other types of companies include:
– general partnership;
– limited partnership;
– partnership limited by shares.
All of these legal entities have their own particularities, advantages and disadvantages.
If you want to extend your existing foreign company in Milan, there are two other options available for you: establish a branch – an easy extension of the parent company that does not have legal personality or establish a subsidiary – essentially a company that is separate from the parent company. As in the case of other types of companies, branches and subsidiaries have advantages and disadvantages.
We invite you to discover our payroll services in Italy if you have or are opening a company in this country. Outsourcing this type of service is advantageous in terms of costs, but also because our specialists are up to date with changes in legislation and other aspects of this kind. We can also prepare tax returns involving income tax and other contributions. We will make sure that our clients receive the services they need.
Other legal services
If you need help in dealing with the specific taxes in Italy or if you are in need of accounting services, our team can offer you access to full accounting services, human resources and payroll services. Our accountants in Milan will help you prepare the monthly trial balance, the annual financial statement and other monthly and quarterly payments.
Foreign investors that run a business in Italy should be aware of the double taxation treaties signed between Italy and other countries. An experienced accounting team can help you avoid double taxation in Italy and benefit from the double tax treaties.
Foreigners who want to start a business in Italy have various structures at their disposal, and the most used and appreciated one is SRL. A minimum share capital of 1 Euro deposited in a local bank account is required. This structure can be established by one shareholder so that a foreign entrepreneur can quickly start activities in this country. We mention that our company formation agents in Italy can offer you the necessary assistance and the services you need to enter the market.
Contact us for more information about company formation services provided in Italy. Our agents in Milan are here to diligently help you and your business in Italy.