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Costs related to Setting-up an SRL in Italy

Srl stands for Società e Responsabilità Limitata and is the equivalent of a limited company in the UK or Ireland.

The main advantage associated with an srl is that it provides limited liability to shareholders, as opposed to partnerships where partners are typically fully liable liable without limit.

Advantages

An srl tends to be a more flexible type of business, permitting more variations in how the company is structured. As a result of this greater flexibility, it is more complex than a partnership, particularly as it needs to keep ordinary accounts and company books such as shareholders meetings book, bod meetings book and shareholders book.

Costs

In order to set up an srl company in Italy you need to incorporate it through a public deed executed before a notary. The cost of the notary varies from notary to notary and depends on how much share capital the company has. The minimum capital is 10.000 Euros (there is a simplified type that only needs 1 Euro of capital to set-up but it is in general not a good option). As an example, the last srl that we incorporated with 10k capital cost about 3.000 for the notary.
Then there is the accountant’s fee to prepare the draft of the company bye-laws that can range from 1300 euros to 3500 depending on the type of activity and the needs of the owners setting-up the business.
There are also fixed annual costs:
  • Chamber of commerce annual fee of about 200 Euros
  • Company books annual tax 309 or 519 Euros depending on the capital of the company
  • Filing the balance sheet to the company registrar 130 Euros
  • Changes of directors, giving them proxies or making other changes, attracts a company registrar tax of around 160 euros.

More information is available elsewhere on setting-up as a sole-trader in Italy or limited company formation in Italy, whichever is more appropriate for your circumstance.

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This service is available across Italy

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Opening and operating a business can often require the owner to obtain a license to carry-out the specific activity.

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  • Initial discussion with a lawyer to understand the project you have in mind
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Limited Company Set-up Service

This service is available across Italy

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Depending on the type and size of the business that you are planning to set-up, a limited company can often be the appropriate choice – for the same reasons as are the case in your home country – flexibility and limited liability.

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Support services

3Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
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This service is available across Italy

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Anyone undertaking a business activity via a limited company will require a local tax and accounting service.

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3Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
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This service is available across Italy

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Support services

3Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

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