Corporate & Tax Advisory in Italy

Business Services

Nominee Director

VAT Representative etc

Business Services Advisory in Italy

We offer assitance to foreign companies exporting, doing investments and bidding for tenders in Italy.

 

We are a network of professionals consultants expertised in international trade and investments, legal, customs and taxation matters and give consulting and assistance for following activities in Italy:

Our Business Services in Italy

​The director of a company in Italy must be resident in Italy, so that, a non EU investor setting up a company in Italy has to hire a Director already resident in Italy

 

The nominee director in Italy:

  • is an individual or a corporate body

  • acts as a non executive director

  • has the mandate to act in the board of directors of the company

  • acts on behalf and in the name of another person or company

 

We provide the following services:

  • registered agent and registered office

  • companies house

  • nominee services

  • nominee director (Italian Resident)

  • nominee shareholder (for Non-resident)

For recovering a debt in Italy towards Italian debtor, we provide the following services:

  • Injunction, Decreto Ingiuntivo

  • Summons

  • Quotation of applicable Procedure, Timing and Cost of debt recovery in Italy

  • Debt Collection claim

  • Damages Compensation claim for Breach of Contract

  • Sequestration, Seizure

  • Urgent Measures

  • Selected network of correspondents lawyers in Italian cities where to start collection

  • Check of applicable international treaties for execution in Italy of decision issued abroad, exequatur

  • Execution in Italy of foreign decision ...

 

A commercial operator who is not resident in Italy, whether from EU or non-EU, who carring out transactions in the territory of Italy relevant for VAT purposes (eg sales of goods or services), can:

 

  • fulfill its obligations to pay VAT in Italy or

  • exercise the right of VAT reimbursement by:

A) appointing a VAT representative resident in Italy, or alternatively;

B) choosing the direct VAT identification in Italy for himself.

 

Economic operators not resident in Italy:

 

- who carry out economic activities in Italy or

- which carry out single economic transactions in Italy;

 

are identified for VAT purposes in Italy in the following cases ...

We provide the following services for real estate investors:

  • search of information about Seller, i.e. company and cadastral surveys, information on financial status

  • gathering of Property Documentation, i.e. company surveys and land registry

  • due Diligence

  • appraisal

  • negotiation

  • release of Permits for Construction, Extension, Conversion

  • drafting of Purchase or Sale agreements

  • sending of Documents, Authentication, Translation

  • search for Financing, Leasing

  • inconrporation of a New Company

  • Corporate Restructuring

  • quotation of costs for purchase or lease

  • drafting of agreements for Purchase, Rental, Financing

  • search for Real Estate Financing

  • legal & taxation adivisory and assistance for construction, acquisition or sale of imoovable property​ ...

For performing economic activity in Italy you have to choose the proper kind of company between several ones offered by corporate law in Italy.

The main kind of company chosen by foreign investors is the Società a Responsabilità Limitata (S.R..L.), the limited.

Also for the S.R.L. there are more alternatives, it can be a by a solely shareholder, it can be the simplyfied one which minimum capital is just € 1, it can be with or without the control body doing the auditing.

 

We can provide assistance for:

  • choice of the better kind of company to incorporate;

  • quotation for incorporation and for yearly services costs (accountancy, VAT and tax returns, balance sheet);

  • find legal seat of the company at cheap cost;

  • opening of bank account, etc...

 
 

 

 

A foreign operator wanting to export and sale goods in Italy could face any problems when the goods arrive at the customs premises in Italy.

The customs clearance could be suspended by order of the customs authority which could:

  • do an ispection on documents or on goods;

  • challenge any omission or wrong formality;

  • have any doubts on the contents of the customs declaration, i.e.: quality of declared goods, quantity, origin of the goods, price; wrong calculation of customs duties to be paid.

In order to claim an order of suspension of clearance or, worst still, any fine or order of destruction of goods decided by the customs authority or the court, it is necessary to submit a recourse in front of the competent authority (which is not just one) ...

The foreign investor interested to do an investment in Italy by acquisition of a company or of an amount of shares, needs to know exactly the worth of this company or of its shares and assets.

It is necessary to give mandate to one or to a team of professionals doing the control of accountancy and of all documents of the balance sheet, cadastral data, pending claims at court, the due diligence will be conducted applying the proper professional methods for assessment of a company.

The same mentioned activities must be done in case of: succession, merger, transfer of shares.

We provide the services of:

  • auditing

  • company assessment

  • ...

Each  foreign investor (business owner, company or individual) incorporating a company or a representative office or a branch in Italy has to appoint a chartered accountant (in Italy) for the keeping of accounts, record of daily operations such as:

  • daybook, where to report all daily operations concerning to company transactions;

  • book inventory containing the evaluation of the company liabilities and assets;

  • data storage  of invoices, letters, telegrams. 

These accounting books can be held:

  • at the seat of the company where the work is performed or

  • at the seat of the accountant.

All these data are then elaborated for drafting the balance sheet ...

For payment of taxes in Italy it is advisable also for individual, not only for companies, to be assisted by a professional (the commercialista in Italy is a tax consultant licensed to do tax declaration for clients, as well as he performs also accountant activity), this is due to the very complicated forms to fill and calculutation taking in consideration a long list of tax deduction.

The pesonal income tax IRPEF is due for:

  • self-employment income

  • employee income

  • business income

  • capital income

  • land income

  • different income

The corporate taxation is composed by 2 taxes:

 

  • IRES which provides different brackets of income and rates

  • IRAP which is different for each region (in Italy there are 21 regions)

As well as VAT, further smaller taxes are applied by the municipalities ...

The tenders in Italy can be launched by a private or a public entity.

 

The rules govering the private tender are those of the civil code concerning the Appalto.

The rules about the public tenders are governed by a consolidated text of laws, the Code of Procurements which is constantly changed.

Also rules concerning the subcontracts are different in case of private or public procument.

If a group of company want to set up a temporary consortium, they have to sign a skilled agreement called Associazione Temporanea di Impresa.

We can assist a foreign company wanting to submit a bid for a tender in Italy for: 

  • all formalities and documents to submit to the contracting station

  • agreements to sign

  • check the compliance to all applicablle laws and rules

  • curriculum

  • performance bond ...

Considering that the non-EU taxpayers (established out of EU), not resident in Italy, could get VAT refund in Italy only if:

  • they are resident in a country which subscribed a reciprocity agreement with Italy (Israel, Switzerland, Norway);

otherwise,

 

  • if they are resident in those country which has no reciprocity agreements with Italy, they have to ask for VAT reimbursement in Italy only through a fiscal representative in Italy to be appointed in advance.

We offer the following service:

  • all procedures to get the reimbursement of VAT for non-EU taxpayers not resident in Italy

  • and for EU taxpayer too

  • ...

A commercial operator who is not resident in Italy, whether from EU or non-EU, who carring out transactions in the territory of Italy relevant for VAT purposes (eg sales of goods or services), can:

 

  • fulfill its obligations to psy VAT in Italy or

  • exercise the right of VAT reimbursement by:

A) appointing a VAT representative resident in Italy, or alternatively;

B) choosing the direct VAT identification in Italy for himself.

 

Economic operators not resident in Italy:

 

- who carry out economic activities in Italy or

- which carry out single economic transactions in Italy;

 

are identified for VAT purposes in Italy in the following cases ...

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 Business services for foreign investors in Italy

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© 2020 by International Consulting FG

Via Monti 8, 20123, Milano (Italy)

Tel: +39 02 87167377

Fax: +39 02 70047188

WhatsApp: +39 3342950892

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