In Italy, we handle: residence permits (VISA), permanent residency (PR) as part of business immigration, business acquisition and sales, real estate, finding representatives and partners, selecting management companies, and the sale and registration of ready-made companies.
For obtaining residence permits (VISA) and permanent residency (PR) in Italy, we have available ready-made companies with a history of 3 years or more.
Their cost ranges from 18,000 to 33,000 EUR.
When purchasing such a company, the residence permit (VISA) is processed within 3-4 months, and permanent residency (PR) can be obtained after 5 years.
This article will be of interest to citizens of the CIS countries, such as Russia, Ukraine, Belarus, Kazakhstan, Moldova, Armenia, Uzbekistan, and others.
1. Figura Societaria – member of the board of directors of a limited liability company (LLC) that has been operating for at least 3 years.
Theoretically: You need to have a partner in Italy who needs business development and invites a foreign partner for potential investment and business growth.
In practice: This involves purchasing a company with minimal turnover that has a profit of at least €10,000 in the last financial year, and then its subsequent “development.”
We currently have several offers for the sale of such companies.
Visa and Residency Documents: Documents for the Type D visa and residence permit can be submitted after the balance sheet is finalized and necessary permits are obtained.
Document Preparation Time: 2-3 months from the moment of balance registration.
Company Cost: From our practice, €18,000-€33,000, plus tax on the required profit (around €4,000). You can sell the company later and recover your investment.
Our turnkey service fee: €25,000.
1.1. Sometimes it is possible to find a company in Italy willing to add a foreigner to its board of directors.
In this case, you do not need to buy a share.
Without buying a company: for the service of adding a foreigner to the board of directors, the fee is €9,000-€12,000.
Profit tax (if needed): about €4,000.
Re-registration fees: around €400.
Document preparation pime: 2 months from the readiness of the necessary balance sheet for the last financial year.
Our turnkey service fee: €18,000.
2. Entrepreneur (Imprenditore)
Requirements: Relevant commercial experience and education, and intention to “carry out a business project that is of interest to the Italian economy.”
Main Task: To prove the applicant has €500,000 of “free funds from legal sources” for the project development and to create a convincing business plan.
Further Implementation: The project is not monitored.
Typically: This would involve developing a business in the same field you are currently involved in.
Document Preparation Time: 2-3 months before applying for the Type D visa.
Our turnkey service fee: €18,000.
3. Opening a representative office or branch of a Russian company in Italy and appointing you as the head of this representative office
Requirements for the Russian Company: Existence for at least 3 years (ideally), and you should not be the director or 100% owner of the company.
Representative Requirements: Must have relevant education and at least 6 months of experience working with the company.
Document Preparation Time: 4-5 months, including legalization through the consulate.
Special Features:
– you cannot be the head of the representative office for more than 5 years, which means you will need to change your status to Entrepreneur later (costs €200-€300).
– payment for the representative’s services can be made from the parent Russian company.
Not salary, but services, which is much simpler as it does not require tax registration, etc.
Registration Fees: €1,500-€2,000 for registration, document translations, etc.
Our turnkey service fee: €18,000.
4. LIBERO PROFESSIONISTA – similar to point 2, but instead of €500,000, you need to prove your status as a freelance professional (education recognized in Italy, portfolio, income, etc.), membership in a relevant professional association, and around €30,000.
Document Preparation Time: 3-4 months before applying for the Type D visa.
Fees: €1,000 for registration, translations, etc.
Our turnkey service fee: €18,000.
Main Step in the Immigration Process: obtaining a Type D Lavoro Autonomo visa, which is granted for 365 days and serves as a certificate for obtaining a residence permit.
After Obtaining the Type D Visa: The residence permit (Permesso di Soggiorno) is processed in Italy within 2-5 months, depending on the region, and is a technical procedure (submit the application, provide fingerprints, receive the card).
Initial Residence Permit: Issued for 1 year.
Subsequent Permits: For 1-2 years.
Renewal: To renew the residence permit, you must show an annual income of €9,000 for one person (or €12,000 for a family of 3) and pay taxes on this amount.
Income Tax: 23-28%
Pension Tax: 24-27%
Total Taxes: Self-employed (Representative) will pay around €4,000-€6,000 per year, board member around €8,000 per year.
Accounting Services: €3,000-€5,000 per year, depending on the legal entity.
After 5 Years: You will receive a permanent residence permit based on the same requirements plus a test in Italian at A2 level.
After Another 5 Years: You can apply for citizenship.
Family Reunification: For any option, after obtaining the residence permit as the main applicant, with adequate housing and income in Italy, within 2-3 months.
Exceptions: Children under 14 can be included in the residence permit immediately.
Service Fees: €5,000 per adult (over 12 years old), €2,500 per child under 12 years old.
Cost: Includes company creation, account opening, notary fees, state duties, registration address, secretarial services, and accounting for the 1st year – €9,800. Second and subsequent years – €8,500. Personal presence is required at the bank for account opening.
Non-residents: Can open companies (SRL and SRLs) and be their founders.
Companies: Can operate in Italy without needing an Italian co-founder.
Owner: Can manage the company and account personally if necessary.
Business Visa: Provides business visas from 1 to 3 years (affari). Stay duration in each half-year is 90 days.
Residence Permit: Can be obtained through this company after 3 years of its existence.
Our Service Fee: From €5,000.
Includes: Obtaining a tax number, registering a personal and corporate bank account, preparing, approving, and notarizing the founding documents – Act of Formation and Statute, incorporating the company in the Chamber of Commerce registry, activating the company account, obtaining P.IVA, etc.
Minimum Capital Requirement: €10,000. It must be deposited in a temporary bank account at 100% before notarization.
Capital Contribution: Can be 25%, but requires two founders.
Notary Fees: Around €3,500.
Includes taxes on minimum capital, services of proxies, witnesses, and translators.
Payment at the time of company registration in Italy.
Legal Address required for registration, confirmed with appropriate documentation.
Legal Address Cost: From €1,500 per year.
Technical Registration Process:
1. Stage 1: Client pays an advance of €3,500.
2. Preparation: Drafting and agreeing on the statute and formation act with the client.
3. Notarization: Agreement with the notary and client to set the date for the notarial act.
4. Client Visit: Client (founder) visits Italy for 1-2 days, depending on the region, to sign the formation act.
5. Account Activation: Approximately 1-2 weeks after, the company’s account is activated.
Accounting Services: For companies with minimal turnover – from €3,500 per year.
Power of Attorney: Can be used for everything, increasing costs by €1,500.
Note:
Prices may vary depending on payment methods.
In the “Start” and “Standard” packages, prices include taxes.
|
TASK |
BRIEF DESCRIPTION |
PRICE |
|
Preliminary consultation
|
Preliminary consultations on legal, tax, and operational matters related to company registration |
€ 2000 |
| Legal and administrative processes | Execution of all legal and administrative obligations and documentation for the establishment of an SRL | |
| Opening a сompany bank account | Assistance from a Russian-speaking staff member in opening a bank account and explaining the online banking system | |
| Tax number for 2 individuals | Request for italian tax identification number | |
| Accounting services | One year of accounting (up to 300 invoices) by a certified tax accountant |
€ 5.000 |
| Notarial services | Payment of the notary fee for registering an SRL company |
От € 2.000* |
| Registration taxes for SRL | Mandatory taxes when registering a company with a notary | |
| Legal address | Provision of a legal address for 1 year and management of correspondence |
€ 1.500 |
| Notarial power of attorney | Notarized power of attorney in the name of a trusted person (fluent in Russian and Italian) for signing the company charter on behalf of the client (for 2 individuals) |
€ 350 |
| Translation of the power of attorney | Translation of the notarized power of attorney into Russian and the presence of a translator at the time of the notary meeting |
€ 300 |
| COST | €11 150 + VAT 22% | €13,603
including VAT |
*depending on the share capital, number of founders, type of business activity
Payment Terms for Services:
“Premium” package for company registration (SRLs – simplified LLC) in Italy (Milan)
| TASK | BRIEF DESCRIPTION |
PRICE |
| Preliminary consultation | Preliminary consultations on legal, tax, and operational issues regarding registration |
€ 1.750 |
|
Legal and administrative processes |
Completion of all legal and administrative obligations and preparation of documents for opening SRLS | |
| Opening a bank account for the company | Assistance from a Russian-speaking staff member in opening a bank account and explaining the online banking system | |
| Tax number for 2 individuals | Request for an Italian tax number | |
| Accounting services | One year of accounting (up to 300 invoices) by a certified tax accountant for the year 2019 |
€ 5.000 |
| Notarial services | Payment of notary fees for registering an SRLs company |
От € 1.100* |
| Taxes on registration
SRLS |
Mandatory taxes when registering a company with a notary | |
| Legal address | Provision of a legal address for 1 year and management of correspondence |
€ 1.500 |
| Notarized power of attorney | Notarized power of attorney in the name of a trusted person (fluent in Russian and Italian) for signing the charter on behalf of the client (for 1 person) |
€ 350 |
| Translation of the power of attorney | Translation of the notarized power of attorney into Russian and presence of a translator at the time of the notary meeting (for 1 person) |
€ 300 |
| COST | € 10.000 + VAT 22% |
€ 12.200 including VAT |
*depending on the share capital, number of founders, and type of business activity
Payment terms for services:
| TASK | BRIEF DESCRIPTION | PRICE |
| Accounting assistance | Monthly assistance of up to 5 hours from Russian-speaking staff |
€ 3.125* |
| Consulting | Assistance from English-Russian speaking staff on business-related questions that do not require consultations |
По запросу |
| Virtual assistance | Assistance from local staff provided remotely by English/Russian-speaking employees |
€ 62,5*/час |
| Assistance with electronic invoice issuance (full service) | Dedicated Russian-speaking manager to assist with the processing of electronic invoices (100 invoices per year) |
€ 625* |
| Explanation of electronic invoice issuance | Dedicated Russian-speaking manager will explain how to properly issue electronic invoices |
€ 375* |
| + VAT 22% |
Note:
As Ukrainians say: “Business immigration to Italy” is one of our main activities in this country, which we and our partners have been engaged in for many years, gaining valuable experience and reliable contacts in Italy. So, if you are looking for companies that handle business immigration to Italy, you are in the right place, and we are happy to assist with the entire immigration process to this colorful, friendly country.
The first thing to consider when asking: what kind of business is profitable to open in Italy – whether the owner wants passive or active participation in the business. If you opt for passive business types, you might consider rental businesses:
– Hotels,
– Office centers,
– Income-generating properties, etc.
For more active businesses:
– Restaurants, cafes, bakeries,
– Gas stations, industrial enterprises, service sector.
The second step is to create, buy, or commission a business plan for your future business. It’s advisable to double-check the results with several reputable companies.
So, once you have chosen the field, prepared and reviewed the business plan multiple times, it’s time to think about company registration. As everyone knows, before starting a small, medium, or large business in Italy, you need to establish a company in the country.
There are several forms of enterprises, but they can generally be narrowed down to a few popular options: LLC, joint-stock company, and branch (if you already have a company in another country). The most frequently used form is the limited liability company – SRL.
After establishing the company, obtaining registry documents and charter certified by a notary, you can proceed to open a bank account, which usually takes about two weeks but can be faster or longer.
Consider:
– Which bank is of interest to the client,
– What additional documents the bank may require,
– How quickly the client can provide them. There have been cases where clients took several months to find the required documents.
To summarize: to open a business in Italy, you need to:
– Create and verify a business plan,
– Register the company,
– Open an account,
– Start operating according to the business plan.
Business registration in Italy, as in any other country, involves the step of either opening or purchasing a company (firm). For this, please contact our company, and we will guide you through the process at a high level. This stage is also known as company registration.
Now, let’s discuss the most common form of business in Italy – LLC or SRL, which are the same. Its registration involves the participation of:
– A lawyer or attorney,
– A notary and accountant,
– Government authorities.
Step 1: To open an LLC in Italy, you should contact a company whose lawyers and attorneys will guide you through the process effectively.
Step 2: After ordering the service to “open an LLC in Italy,” you will need to provide the documents required for registration and preparation of the registration documents.
Required documents include:
– Passport,
– Proof of address (residence),
– Bank statement showing cash flow and balance,
– Notarized power of attorney, if necessary, as LLC registration in Italy can be done remotely.
Step 3: After preparing the necessary documents, they will be submitted to the government registry, previously certified by a notary.
Step 4: The registration of an LLC in Italy usually takes one working week. However, considering the entire process, including preparation and the time-consuming aspect of document submission and transfer, the procedure can extend to two or three weeks, or sometimes up to a month.
Step 5: Once you receive the documents from the government registry, you can proceed with opening a bank account.
This is the procedure for “how to register a company in Italy,” which is similar to other European countries.
It’s worth noting (especially for Ukrainians) that in EU countries and many CIS countries, the algorithms for “opening an LLC in Italy” (also known as a firm, enterprise, or company) are very similar. It doesn’t matter whether you want to open a store, restaurant, hotel, or IT company in Italy; the business forms remain unchanged. What matters is how and in what form you plan to implement it.
If factors such as:
– Speed of starting to use the company account,
– Company history,
– Bank loyalty,
– Need for residence permit,
are important for your goals, it is better to buy an existing company rather than starting a new one. This is because, in addition to other requirements, to obtain a residence permit in Italy, the company must have been operating for at least 3 years.
In conclusion, as Ukrainians say: “register a company in Italy”. As you can see, the process is not difficult, but it is important to contact the right company that will provide quality support throughout the process.
This text was mainly written to improve search engine indexing, not considering its first part, which, in the author’s opinion, carries more meaning. However, if the reader is unfamiliar with the process of company registration (opening) in Italy, this information will be quite useful. Ukrainian phrases were used due to their frequent use online.