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What is an srl company in italy
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Two shareholders obtains limited liability. The company name can be in any language based upon the Latin alphabet. Proposed company names may be checked with the Italian Commercial Registrar for their availability before applying. Company names may be reserved for up to 10 days. Limited Liabilities The shareholders of a Srl liabilities are limited to the value of their subscribed share capital of the company. After receiving the Deed of Incorporation, within 30 days the Srl must register with the Register of Enterprises.

Business may be initiated upon receiving the Deed of Incorporation as the fiscal code number is only used for payment of taxes and the VAT. This entire process is estimated to take up to two weeks. As mentioned above, a single shareholder company has unlimited liability while two or more shareholders provides limited liability protection. Therefore, a minimum of two shareholders is recommended.

Natural persons or corporate bodies may be shareholders. The names of every shareholder is recorded at the Public Registry making them available for public inspection.

Every shareholder must possess a fiscal code identity number. Director Only one director is required to be appointed to manage the Srl. Directors can be of any nationality and reside anywhere. However, at least one director must be an EU resident. Every director must possess a fiscal code codice fiscale number. The names of all directors will be included in the public records available to the public. Registered Agent Every Srl must appoint a local registered agent whose office may become the registered office as well.

Share of a limited company in Italy. The “quota” share is the measure of the participation of a shareholder to the capital of a SRL limited company, it can not be the object of public offer of financial products Article The quota certificates are documents issued to the shareholders and have merely proof function.

The limited shares are freely transmissible by agreement and by inheritance, unless otherwise provided in the deed of incorporation. The transfer of the shares of the SRL between the seller and buyer is immediate, whereas about the company it is determined from the moment in which the transfer deed is filed with the company register.

The deposit at the company register must be filed within 30 days, by the notary or by the chartered accountant who drew up the transfer agreement. The deposit at the register of companies must be carried out by the chartered accountants only enrolled at bar. The seller of shares of a SRL is jointly and severally liable with the buyer, for the period of three years from the transfer, for the payments of shares not yet carried out, but the company has to request them first to the buyer and then to the seller if the request to the buyer was unsuccessful Article The directors of the SRL can summon the defaulting members to pay their contributions within 30 days instead of the 15 days stated for the SpA.

The status of shareholder is characterized by rights voting, profits, liquidation and options, etc. The member of SRL ceases to be shareholder in following cases: withdrawal Article , sale of quota Article or expropriation of the quota Article , exclusion stated by other shareholders Article bis , bankruptcy of the shareholder and compulsory sale of the quota due to delay in payment of conferment.

Costs of setting up a srl. For the setting up of a srl 8in case it provides for cash contribution , in addition to the payment of the share capital, must be budgeted also the following costs:. Tax regime of a srl. The ordinary tax regime of the srl provides for IRES corporate income tax , it is a tax to be borne entirely by the company corporate income tax. In limited cases, the srl can choose the so-called “tax regime for transparency”: in this case the taxable income is attributed to the shareholders in proportion to their shares in the profits, which are required to pay the IRPEF individual income tax.

The srl must also pay the IRAP regional production activities tax , whose rate is different in each of 20 Italian regions. The advantage of incorporation of a simplified limited liability company, compared to ordinary limited liability company, is that the costs of setting up a notary are reduced to expenses, getting savings on taxes. Further skills of the srls:. There is the advantage of incorporating a srls when the entrepreneur who plans to start a business alone, instead of set up an individual business impresa individuale which determines unlimited liability for business obligations, can choose to start a srls at low costs by benefiting from the limited liability typical of this srl; however, the costs of running a srls instead of a impresa individuale are greater.

The deed of incorporation must indicate the following items Article bis, paragraph 2 civil code :. The deed of incorporation must be drawn up by notary, it may also contain further information not required by law, but inserted by the members to better adapt the operation of the company to their needs. The ministerial decree of the Minister of Justice D. Ask for information or quotation. Limited Liability Company in Italy.

Read more about Company Incorporation in Italy. Company Incorporation. Treatment Reciprocity. Legal Framework. Notary in Italy. Shareholders Meeting SRL. Board of Directors SRL. Control Body SRL. Partnership forms. Sole Proprietorship. Nominee Director. Memorandum of Association. Shareholders Agreement.

What is an srl company in italy

 
In the case of capital contributions other than money, a sworn report released by an auditor or a by an auditing firm must be attached to the articles of incorporation. Who can set up a company in Italy? Foreign shareholders of a srl in Italy.

– What is an srl company in italy

 
Climate conditions of different regions of Italy are different. Legal Framework. Canada – Prince Edward Island.