How do I open a business account in Italy?
Communication Team
Communication Team

November 24, 2022

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How do I open a business account in Italy?

If you're an entrepreneur looking to start a business in Italy, you might be wondering how to open a business account in Italy. This can be a confusing process for many people, especially if English isn't your first language. However, opening an Italian bank account is relatively simple and has many benefits if you know how to do it correctly. In this article we'll go over everything that needs to happen before you open up your company's new checking account or savings account at an Italian bank.

The information you'll need to open an account in Italy

When opening a business bank account in Italy, you’ll need to provide the following information:

  • Your business name or P.IVA number
  • Your company registration number (codice fiscale) or C.F. (commercial register ID)
  • A tax identification number (P.IVA or C.F.)
  • The bank account number of the company where you want to open an account, in Italy or abroad
  • The full name of the person opening the account and his/her date of birth (usually this is not required when opening online). If you don't have a fixed address in Italy yet, you can enter any temporary address that will be valid for about 6 months from today's date

The documents you'll need to open an Italian business bank account

When you're opening a new business, here's what you'll need:

  • Passport and/or ID card
  • Proof of address (e.g., utility bill or lease agreement)
  • Documents proving your company's existence (e.g., registration papers or articles of association)
  • Business plan and financial projections

How to open a business account in Italy

To open a business bank account in Italy, you'll need to take the following steps:

1 - Obtain your tax number and VAT registration 2 - Contact the bank of your choice and ask them to send you an application form 3 - Fill out the application form with all required information, including your company's details and financial goals 4 - Submit documents proving that you have obtained both a tax number and VAT registration

Opening a business bank account as a non-resident

You don’t have to be a resident in Italy on order to open a business bank account - but it does depend on the bank and it can be a little bit trickier if you’re a foreigner. When opening a business bank account as a non-resident in Italy, you'll need to provide the following documentation:

  • passport
  • proof of your right to live in Italy (if applicable)
  • tax number (codice fiscale) You can obtain your codice fiscale from the ufficio delle entrate.

Make it a bit easier: open a business account in Italy with wamo

If you're planning on opening a business account in Italy, it's important to know that this can be done as a non-resident. In fact, there are no restrictions on opening and operating an Italian account from abroad. You can open a business account in just 10 minutes with wamo. Register with wamo website or download the wamo app from Google Play or App Store. For more information you can visit wamo website.

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