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Business in Italy
Doing business in Italy can be a complicated matter. Italian bureaucracy is notorious for its convoluted Byzantinisms, and many things are not self-evident. At the very least you'll have more than plenty of documents to compile, taxes to pay, and offices to visit, and that's even before starting your activity. Once you are up and running, you'll have to deal with the typical Italian way of conducting business, which means you need to know business dinner etiquette, the proper attire protocol, and the many unwritten rules in order to strike a good impression.
Please look also at our Financial News from Italy Section
In this section we'll help you understand the basics through a series of articles. Notice that for proper legal and accounting advice you should seek the advice of a professional.
Before you can start a business in Italy, you must decide what kind of structure your business will have. There are different kinds of business organization available in Italy; each of them has a series of specific procedures that have to be followed before starting operations. We'll review them in order to help you in choosing the one best suited to meet your economic and fiscal requirements.
If you already manage an activity outside Italy, you may opt to open a secondary establishment in Italy.
If you don't own a business activity outside Italy, or don't want to open a secondary establishment in Italy and want to start a new company, you can choose the kind of structure best suited to fulfill your requirements.
Whatever the business organization you choose, you will need a Codice Fiscale (individual taxpayer number) and a "Partita IVA" (VAT tax number) both released by an "Agenzia delle Entrate" (Tax Office) (http://www.agenziaentrate.gov.it) and will have to register with the Business Register through the "Camera di Commercio di Roma" (Italy's Chamber of Commerce) (http://www.chamberofcommerce.it/index.asp). Entrepreneurs who wish to set up a business in Italy must employ the services of a notary to formalize the setting up procedures.
All the procedures required to launch a business activity in Italy are difficult. Our articles will give you an overview of doing business in Italy, and in addition, you should ask a professional to assist you to make sure you cover all the bases.