Easily open a business bank account in Italy as a non-resident
Communication Team
Communication Team

November 04, 2022

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Easily open a business bank account in Italy as a non-resident

If you are looking for an easy way to open a business bank account in Italy, you can find all the details on this page. Let's get started!

Required documents for your application

The first thing you’ll need to do is to visit the bank in person and provide some documents, so make sure you have these first. They include: Your passport, proof of residence, ID card or birth certificate (if you have one) A business plan

How to open a business bank account in Italy

You can open a business bank account in Italy as an individual, but it is more difficult, and it will take longer. If your company is based in Italy, you will likely have an easier time getting the account set up. This article focuses on how to open a business bank account for non-resident companies. However, keep in mind that some banks might also require non-residents who are individuals to provide additional documentation. Your best bet is to ask your potential bank before applying for the account what they require from foreign customers.

Reasons why non-resident businesspeople need a company bank account

  • Paying employees and suppliers
  • Paying taxes
  • Paying for services (e.g. hosting)

You should have your own bank account for smooth business operations

It’s important to have a separate business bank account for smooth business operations. You can use your business bank account to pay bills and employees, pay taxes, make payments to suppliers and customers. It’s relatively easy to open a business bank account in Italy as a non-resident but it can still be a time-consuming process, often requiring your physical presence at the bank and sometimes additional paperwork all of which doesn’t apply when you use an alternative banking service provider.

Open a business account as a non-resident in just 10 minutes!

The process of opening a business bank account in Italy as a non-resident is made much easier when you opt for one of the alternative provider. wamo offers a quick,10 minute, registration process and only the absolutely necessary paperwork as well as some personal details and details about your company and any directors and shareholders.No bank visit, no paperwork, no hassle! For more information, take a look at the website and to get started with registering - download the wamo app from Google Play or App Store.

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Wamo Solutions Ltd is registered under the Laws of Malta with company registration number C97355 and registered office at Dragonara Business Centre, 5th Floor, Dragonara Road, St. Julians STJ 3141, Malta. Wamo Solutions Ltd is an EMD agent of UAB “PAYRNET” which is authorised by the Bank of Lithuania under the Law on Electronic Money and Electronic Money Institutions (authorization code LB001994, license reference 72).

The wamo card is issued pursuant to licence from Visa. UK issuance is conducted by PayrNet Ltd and EU issuance is conducted by UAB PayrNet. wamo operates the wamo.io website and the app. wamo is not a bank, the current account is an e-money account. Issuance of Electronic Money and payment services is provided by PayrNet Limited. The Financial Services Compensation Scheme does not cover electronic money products. No other compensation scheme exists to cover losses from your electronic money account. Your funds will be safeguarded in one or more segregated bank accounts with a regulated third party credit institution and not lent out, which gives you protection against insolvency, in accordance with the provisions of the Electronic Money Regulations 2011.

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