You need to have the legal right to live and work in Italy and you will generally need to have a residence permit before you can operate a business in Italy. If you are from a country outside of the EU you will also need a licence before you start operations.
Can foreigners start a business in Italy?
Can I open a business in Italy? In principle, a foreign person who is not a resident of Italy or the European Union can only set up a company in Italy if an Italian citizen can set up a company in the non-EU country where that foreign citizen comes from.
Is it difficult to start a business in Italy?
Red tape and funding obstacles
The amount of bureaucracy is such that it’s a wonder Italians have any enthusiasm at all for starting their own companies. … The funding process is very difficult, whether you are trying to secure a grant, or raise capital.
How much do I need to start a business in Italy?
The minimum paid-up capital required is €10,000. This type of company is meant to stimulate young entrepreneurs. The minimum share capital is €1, and the maximum is € 9,999.99. If you’re launching a SrLs, you can count on a shorter bureaucratic process and a lack of notary fees.
How do I start a small business in Italy?
Your to-do list for starting a business in Italy
- Draft the company’s memorandum;
- Register your company and its bylaws before a notary public;
- Deposit the required documents with the Register of Enterprises in Italy;
- Buy corporate and accounting books (as specified by the Article 2478 of the Italian Civil Code).
What is a good business to start in Italy?
20 Profitable Small Business Ideas in Italy 2021
- Meditation Classes’ Business. …
- Manufacturing of Wine Business. …
- Render Virtual Assistant Services. …
- Business of Repairing of Gadgets. …
- Manufacturing of Perfumes’ Business. …
- Becoming a Tourism Instructor. …
- Cigar club. …
- Coaching/ Teaching.
What documents do you need to open a business in Italy?
The company incorporation formalities include the following:
- arrange articles of association and memorandum of association.
- execute articles of association before a public notary.
- obtain an Italian tax code.
- open a local bank account.
- register for VAT.
- file with the Registrar of Companies.
Why is it hard to do business in Italy?
Italian economy remains burdened by political interference, bureaucracy, corruption, high levels of taxation, a rigid labor market, an ineffective judicial system, a complex regulatory framework and the high cost of conducting business.
Can I open a company in Italy?
Foreign investors wanting to expand a business in Italy may do so in one of the following forms: Forming a company in Italy is a 7-stage process. … Public deeds of incorporation and company bylaws must be executed before a notary public and registration tax must be paid.
What should I invest in Italy?
10 reasons to invest in Italy
- One of the world’s top economies and markets. …
- A strategic logistics hub connecting global markets. …
- A key global player in manufacturing and export. …
- A highly-competitive machinery sector and a strong ‘Made in Italy’ brand. …
- Excellence in R&D and innovation. …
- A skilled and competitive workforce.
What online business can I start?
16 online business ideas you can start with a laptop
- Start your own clothing line.
- Launch a dropshipping store.
- Sell your art online.
- Become a freelance writer, designer or developer.
- Teach an online course.
- Flip your thrift store finds.
- Publish your own book.
- Start a blog.