Guide to opening a business in Italy
Communication Team
Communication Team

September 16, 2022

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Guide to opening a business in Italy

Italy is among the most advantageous countries in the world in terms of ease of doing business. There are many advantages to establishing a company in Italy. Some of the reasons investors prefer to establish a company in Italy include factors such as its central geographical location in Europe, its climate, the stable political situation of the country, its strong economy and workforce. If you’re looking to expand your business into Europe from outside the EU, we recommend considering Italy as a great place to establish a company.

What are the advantages of establishing a company in Italy?

The advantages of establishing a company in Italy are listed below.

  • International logistics is easy and inexpensive
  • The investment culture in Italy is well developed and the tendency to invest is high
  • There is a strong potential market for investments in Italy
  • Technology and innovation are important in Italy

How to establish a company in Italy

To establish a company in Italy, an Italian tax number is required. You’ll also need an address in Italy must in order to establish a company. If you do not want to rent an office in initially (or at all) when establishing a company, you can contact companies that provide virtual office services. In this way, you have a company address without the need to open an office.

Once you establish a new company in Italy, your company is registered in the trade registry within 30 days after the establishment process is completed. Registration in the trade registry, which is required to establish a company in Italy, takes an average of 10-14 days.

Requirements for opening a business in Italy:

  • Arrange articles of association
  • Memorandum of association
  • Execute articles of association before a public notary
  • Obtain an Italian tax code
  • Register for VAT
  • File with the Registrar of Companies
  • How to open a business account in Italy

Once you’ve finished setting up your company in Italy, you’ll be ready to start making business transactions. In order to do so you’ll need to have a business bank account. Of course it’s possible to turn to traditional banks for this, but opening a business bank account with a regular bank can take time and energy that you don’t want to spend. wamo is an easier (and paperless) solution to getting a business account for your company in Italy . You can open a wamo business account in Italy in 10 minutes with just your computer or mobile phone. All you have to do is go to the wamo website or download the wamo app from the Apple Store or Google Play. Complete your application by filling out the registration form. Your account will be approved within 1-2 days. For detailed information about wamo business account, pay a visit to the website or start a chat!.

© wamo 2022, all rights reserved wamo & the wamo logo are trademarks and trade names of wamo technology Limited and may not be used or reproduced consent of the owner

wamo.io LTD incorporated and registered in the United Kingdom under the company registration number 12352849 and the operational office of which is at WeWork, 199 Bishopgate, London EC2M 3TY. 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. PayrNet holds an amount equivalent to the money in the wamo current accounts in a safeguarding account which gives the customers protection against insolvency. We are authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (register reference 922901) for the issuing of electronic money. wamo is an EMD agent of PayrNet.

© wamo 2022, all rights reserved wamo & the wamo logo are trademarks and trade names of wamo technology Limited and may not be used or reproduced consent of the owner