Interested in opening a Special Purpose Vehicle/Entity (SPV/SPE) in Italy? This article offers information about the reasons why this structure is optimal for various business projects and the way the incorporation is done. With the help of our experts in company formation in Italy, you can register an SPV/SPE in Italy in a relatively short time and without complexities in the process.
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What is an Italian Special Purpose Vehicle/Entity?
According to the Italian legislation, an SPV/SPE cannot be part of a corporate group, which is why it is considered “an orphan company”. The law also stipulates that an SPV/SPE must be managed by another company and take one of the following forms:
- investment fund;
- trust company
- private or public company;
- cooperative.
What is the optimal structure for opening a SPV/SPE in Italy?
Establishing an SPV in Italy can begin with the formalities of incorporating a limited liability company or SRL, as it is called in this country. The formalities are easy, and the basis for establishing such a structure is the Articles of Association. Like any other company, an SPE in Italy must have a bank account and be registered for tax purposes. We invite you to discover our services when opening a company in Italy, especially an SPV/SPE. You can thus collaborate with our Italian team of specialists, who will guide you from the very beginning through the procedures for registering this structure.
How to establish an SPV/SPE in Italy
The company registration process of an SPV in Italy is the same as for any other entity. However, the company’s incorporation documents and bylaws must state that. The only difference is that, being a financial institution, the SPV must be registered with the National Bank of Italy. For this purpose, the Central Bank has created a separate directory.
The main function of a SPV in Italy is to undertake securitization transactions by minimizing the risk of insolvency of the shareholders who have established it; this is why SPVs/SPEs are usually registered as new companies without an operating background.
Our company registration consultants in Italy can assist foreign investors seeking to open SPVs/SPEs in this country.
Key Considerations about SPV/SPE in Italy
If you want to set up a business in Italy and are thinking about a Special Purpose Vehicle/Entity, you should get an idea of what this business structure represents:
- flexibility is one of the advantages of an SPV/SPE in Italy and is often the reason why various business projects are established;
- the fact that financial risks are minimal with an SPV/SPE in Italy is another important thing to take into account when starting a business;
- joint stock companies can also be alternatives for SRLs when opening an SPV in Italy;
- loans, mortgages, and other types of assets can be securitized under an SPV/SPE in Italy.
Taking these aspects into account, you can have an overview of the benefits offered by a Special Purpose Vehicle/Entity in Italy. You can always collaborate with our Italian agents with experience in business-related matters.
About Italy’s economy in a few lines
If you want to open a Special Purpose Vehicle/Entity in Italy, it would be good to first get an idea of the country’s economic direction:
- After an economic growth of around 0.5%-0.7% in 2024, this percentage is expected to double by 2026, according to specialists’ estimates.
- Inflation in Italy in 2024 was somewhere around 1.1% but is expected to reach around 1.8% in 2025.
You can opt for company incorporation services in Italy when you decide to establish a Special Purpose Vehicle/Entity. And to make things even simpler, you also have at your disposal the services offered by our accountants in Italy. Some of the most important are payroll services in Italy, tailored to the business needs. Do not hesitate to get in touch with our Italian experts to open a business in this country, including an SPV/SPE in Italy.