Business with italy what. Setting up a company in italy. Documents for opening a company in Italy

On the territory of Italy - the most expressive and energetic country in Europe.

Buy a company in Italy: general information

Italy is a state in the South of Europe. 3rd EU economy. It is a member of the European Union, NATO. Executive power is concentrated in the hands of the Prime Minister. The President performs only representative functions. Domestic settlements are carried out in euros. The official language is Italian.

Registration of a company in Italy: important information

Companies that are not residents of a country that receive income from activities in Italy are required to pay a corporate tax of 33%. If the company is not a resident of the country and does not operate within the country, then taxes are not paid to the budget.

It is considered mandatory to have a registration address to receive official information. Small firms can be registered at the address of residence of one of the founders or directors.

Offshore companies, as such in Italy, are prohibited. But you can get significant tax and other benefits. The National Council is ready to provide subsidies, including on a gratuitous basis, to those who have a well-developed business plan, but cannot implement it on their own.

Setting up a company in Italy: forms of ownership

Companies and societies of various forms of ownership are registered in Italy. For foreigners and non-residents of the country, the most interesting will be the following:

public limited liability company... Another company or an individual can equally open a company. Founders can be citizens or residents of any country in the world.

The authorized capital is announced in the amount of 120 thousand euros. By the time of submission of documents for registration, you must pay at least 25%. The law permits the payment of the authorized capital with material assets. The assessment is carried out by an expert - a resident of the country.

The law does not limit the maximum number of participants. Registered and bearer shares are allowed. The owner has the right to sell his shares, donate, dispose of in any other way without requesting permission from other shareholders. The company is headed by the Board of Directors or the sole director.

Accounting is mandatory. The company is obliged to either hire an auditor or enter into an agreement with an independent firm to provide services on an outsourced basis. The hired auditor is legally responsible for the accuracy of the reports submitted to the regulatory authorities;

closed limited liability company. One natural or legal person can become the founder. The law allows the opening of companies of this type by foreigners who are not residents of Italy.

The authorized capital is declared in the amount of at least 10 thousand euros. By the time the documents are submitted for registration, the shareholder or shareholders must have deposited the authorized capital in full. The law does not limit the maximum number of owners.

Shares can only be registered. The owner does not have the right to dispose of them at his own discretion without the consent of the other shareholders. The company may be headed by both the sole director and the meeting of directors. In the Charter, the form of management is indicated without fail. The director and members of the Board of Directors may own shares in the company. This rule is reflected in the Charter.

Accounting is mandatory. The auditor should only be a full-time auditor.

limited liability joint stock partnership. In Italy, this form of ownership is considered as a private arrangement of several individuals. The company does not declare or pay for the share capital. Partners can be limited or unlimited. The former are not liable for the debts of society with their property, but they also do not take part in management. Partners with unlimited liability are responsible for their property to the creditors of the company and assume management functions. At the same time, even the property that was acquired before the opening of the company will be withdrawn on account of the partnership's debt.

Important: a citizen of another country will be eligible to open or purchase a company in Italy only with a work visa and work permit.

Register a representative office in Italy: Taxes

Companies registered in Italy are required to pay income tax at a rate of 33%. The place of income does not matter.

The tax for foreigners in Italy is 4.25% if the activity in the country is carried out for 3 months or more per year. If a non-resident company receives income from activities in Italy, the income tax rate will be 33%.

Corporate income tax (dividends, royalties) is taxed at a rate of 27%. The tax rate will be equal to 0 if an agreement on the avoidance of double taxation is signed with the country of which the owner of the business is a citizen. Such an agreement has been signed with Russia.

Advantages of buying or starting a company in Italy

Italy is a country with one of the largest both in Europe and in the world. Tax legislation practically does not change, as well as tax rates. Other benefits include:

the ability to conduct business in Europe without restrictions on behalf of an Italian company, conclude supply contracts, attract investments, receive cheaper loans from European banks;
the ability to defend their rights in European economic courts. It's no secret that the degree of trust in Russian and European companies is significantly different;
the ability to obtain a residence permit and a Schengen visa using a simplified scheme;
the presence of a company in Italy allows further, in a simpler way, to acquire companies, open branches in other countries of the European Union. Trade with the United States and other countries imposing sanctions on Russia at this point in time is being simplified;
having a branch in Italy, you can reduce customs and other duties by importing goods into the EU.

One can talk for a long time about the advantages of working in Italy. Better not to waste time talking, but contact UraFinance. Our lawyers have studied all the nuances of working and opening companies in Italy and are ready to offer you their services.

We will select founders and an office, prepare the necessary constituent documents, help open current accounts and pay all the necessary fees. Do not look from the outside as others develop their business and make a profit. Buy or open a company in Italy and work in a civilized world!

Tax consultant in Italy

Commercial real estate

Setting up a company in Italy

A distinctive feature of doing business in Italy is the streamlined registration and tax procedures for those who wish to open company in Italy... It is no coincidence that most of the population of this country has, albeit very small, but its own business.

At first glance, it may seem that opening your own business abroad is inevitably associated with a certain type of difficulties: lack of knowledge of the language, laws, economic, tax and even political systems. In fact, the variety of activities is so great that almost everyone can work in Italy for themselves. This also applies to foreigners. Hence the attractiveness of the idea open or buy a company in Italy for Russian citizens. A citizen of Russia, a country not classified by Italy as undesirable, in accordance with Italian law, has the right buy a company in Italy or open a new one and own it as an investor. It should be emphasized that when creating a small enterprise where production or retail trade is not provided, it is allowed to register the legal address of the company at the home address of its owner.

Let's dwell on other benefits for those who think open a company in Italy... So, an entrepreneur does not depend on a fixed salary. That is, you yourself, relying on your own experience and skill, have the right to both increase your income and take a time-out, in the form of a short vacation, without risking being fired. That is, the solution of questions when, how and how much you work depends on you and your natural rhythm.

However, do not forget that you, as an entrepreneur, are responsible for the obligations of the company to all of it and in some cases, depending on the form chosen for registration of a company in Italy, and your property that you own and even that which was acquired before you became an entrepreneur. Therefore, it is necessary to adequately calculate your strength and not take on greater obligations than those that can be painlessly fulfilled.

The responsibility of the entrepreneur is directly dependent on the chosen form of the enterprise. So, within a limited liability company, participants bear the risk of losses to the enterprise within the limits of their contribution to the authorized capital, and in a limited liability company, only a certain part of the participants (usually one participant) is liable for obligations with all of their property. Therefore, if the company has a large annual turnover, then the entrepreneur will prefer to create a limited liability company, but it should be borne in mind that other companies do not trust companies with limited liability when concluding large transactions with a minimum declared authorized capital of 10,000 euros. Decent companies in the form of LLC (S.R.L.) do not hesitate to indicate in their contact details, in addition to tax details and addresses, the declared and paid authorized capital, which guarantees the economic security of the counterparty. Any competent merchant will prefer to deal with a company where at least the person who signs the contract bears, in one way or another, secured responsibility for the obligations assumed.

Taxation also depends on the chosen form of the enterprise, its turnover. Thus, the Capital Society (SRL) is subject to high taxes, its creation and maintenance is more expensive than the creation and maintenance of the Society of Individuals (SAS).

As a rule, in Italy, all accounting is carried out by a specialist in commercial law, an accountant-auditor called a "commercialista", working independently as an individual entrepreneur or his own accounting and auditing firm (studio commercialista). A service contract is concluded with him and he is responsible for all of his client's reporting. Thus, an entrepreneur is exclusively engaged in running his own business and looking for new solutions for his company, without being distracted by the paperwork. The choice of such a specialist should be approached in the same way as the choice of a lawyer.

Opening or purchase of a company in Italy gives you the opportunity to earn decently and guarantee yourself a certain social status. And the stability of the political and economic system in Italy allows you to plan your own business for the future.

So, if you decide open a company in Italy, the following prospects arise before you:

- in Russia, it becomes possible to operate on behalf of its Italian company in the status of a representative of one type or another with the use of many significant benefits (tax, investment, etc.) provided for both by the legislation of Italy and Russia, and by interstate agreements, in particular on the avoidance of double taxation;

- there is an opportunity to act on the territory of Italy and in the legal field of its counterparties;

- the process of out-of-court and judicial settlement of disputes is simplified and clearer, and decisions on these disputes become realizable;

- simplifies control over the execution of contracts, as well as over the financial and legal status of the partner;

- the Italian state opens up broad prospects for the use of tax incentives and other privileges for investors;

- access to inexpensive loans opens;

- it becomes possible to avoid anti-dumping sanctions and other cross-border problems;

- direct operation in the market will allow you to better know and understand its specifics, its various factors, requirements of standards and business rules, as well as market participants, which reduces the risk of accidental partners and risky transactions;

- an Italian company created by a Russian has the right to register branches of a company established in Italy in all EU countries on a declarative basis, with all the ensuing consequences for doing business;

- it becomes possible to register and use the Italian brand and the “made in Italy” logo;

× Italy and Switzerland have agreed to introduce a "group inquiry" system for tax information on their citizens' accounts. The decision taken by both parties followed the approval in July 2016 of the Protocol to the previously concluded agreement between the two jurisdictions for the avoidance of double taxation, the provisions of which provide for the exchange of information in accordance with the OECD standard regarding the automatic exchange of tax information - the Common Reporting Standard. This initiative means that the authorities of both states authorized to collect tax information will be able to send requests to each other based on a single scenario without the need to indicate the names or other personal data of taxpayers affected by the request, who have not proved to the tax authorities of the country of their presence that their tax obligations have been settled in country of origin.

× Italian Finance Minister Pierre Carlo Padoan announced that the country's government will soon prepare a decision on the basis of which investors who invest in small and medium-sized enterprises in Italy will be provided with tax incentives. Padoan noted that the relevant legislative initiatives will include a number of measures to direct additional investment flows to the development of small and medium-sized enterprises and increase their competitiveness. The minister stressed that a fairly large number of small and medium-sized enterprises in the country (95% of Italian companies have no more than ten employees) are in need of recapitalization, without which neither "physical" growth, nor free access to foreign markets is possible for them. In this regard, according to Padoan, there is a need to intensify long-term investments in small and medium-sized enterprises through tax breaks for the profit of investors. According to the authorities' expectations, “zero” income tax on private investments in small and medium-sized enterprises, carried out in the form of special products, such as, for example, long-term investment schemes, could generate additional funds for investors in the amount of 10 billion euros per year.

× The Foreign Ministers of Switzerland and Italy took part in a joint discussion of issues of taxation, finance, transport and other related issues of mutual cooperation. During the talks, both ministers welcomed the fact that an agreement was signed in February this year on deepening cooperation in the financial and tax spheres. The provisions of the agreement introduced a number of amendments and additions to the text of the agreement in force between the two jurisdictions on the avoidance of double taxation, incorporating the standards for the exchange of information on demand, developed by the Organization for Economic Cooperation and Development.

× Switzerland and Italy signed a protocol to the previously concluded Agreement on the avoidance of double taxation and agreed on a roadmap for cooperation on taxation issues - steps that are designed to improve relations between the two countries after years of disputes. The protocol to the Agreement on the avoidance of double taxation was agreed on December 19, 2014, its signing is dated February 23 this year. The Protocol contains provisions for the implementation of the standards for the exchange of information on demand, developed by the Organization for Economic Cooperation and Development. After the entry into force of the provisions of the Protocol, the principle of information exchange will begin retrospective application from the moment of its signing. The roadmap, signed by ministers, states that financial institutions and their employees are not responsible for their clients' tax crimes. In addition, under the Protocol, Italian taxpayers holding an account in Switzerland will have to be able to participate in a voluntary disclosure program for such accounts under conditions similar to those for disclosure of information about assets in Italy and other countries. A request for disclosure of information on a group of subjects will now also be possible, and the roadmap will initiate the process of removing Switzerland from the Italian blacklist.

× Switzerland and Italy agreed on the amendments and additions to the agreement on the avoidance of double taxation in force between them, aimed at consolidating and strengthening the provisions regarding the exchange of tax information. The revised agreement is expected to be signed by March 2 of this year, set as the deadline for a new voluntary disclosure program to enter into force, which will allow Switzerland to leave Italy's blacklist. After three years of negotiations, the agreement was the result of a decision by Italian legislators to approve a voluntary disclosure program that would allow Italian residents to regularize their undeclared capital abroad. From the moment the program comes into force, a sixty-day period is set for countries that have not signed an agreement on the exchange of tax information with Italy to take appropriate measures to sign it. Otherwise, such countries run the risk of being on the Italian "black list". It is expected that the protocol to the agreement on the avoidance of double taxation, which incorporates the standards of the Organization for Economic Cooperation and Development in terms of information exchange on request, as well as a roadmap affecting a number of other bilateral aspects of tax relations, will be signed at the end of February this year.

× Swiss President Didier Burkhalter called for a constructive and balanced approach to resolving a number of unresolved tax issues with Italy. Burkhalter drew the attention of Italian Prime Minister Matteo Renzi to this problem during the discussion of the Italian presidency in the European Union. During the negotiations, the parties agreed to conduct technical negotiations on a package of measures from three points regarding unsettled tax problems, information exchange, etc. blacklists, including taxation of cross-border labor. Earlier, in May this year, Swiss Finance Minister Eveline Widmer-Schlumph announced that the negotiations are undergoing a phase of rationalizing the taxation agreement between the parties. Under the terms of the 1974 agreement in force, Italian workers crossing the border and employed in Switzerland are exempt from taxation in Italy, but Switzerland is required to transfer 38.8% of the tax income collected from these workers to Italy. Switzerland intends to raise tax rates for Italian workers, as the reduced rates attract a significant number of workers from Italy. Workers living less than 20km from the Swiss border will be subject to Italian tax. Negotiations began after the Swiss canton of Ticino demanded that the agreement be terminated, pointing out that it was cutting the wages of Swiss workers. Widmer-Schlumpf ruled out termination of the agreement, stating the need to revise it.

× On January 14 this year, Hong Kong Minister of Financial Services and Treasury of Hong Kong K C Chan and Italian Minister of Economy and Finance Vittorio Grilli signed a bilateral tax treaty to avoid double taxation. According to Mr. Chan, the aforementioned agreement for jurisdiction was already the twenty-seventh such agreement between Hong Kong itself and its trading partners. Currently, residents of the region who receive interest payments from the territory of Italy will be withholding tax on the territory of Italy at a rate of 20%. As part of the agreement, the tax will be limited to 12.5%. In addition, Italy's withholding royalty tax, currently at 22.5%, will be capped at 15%, and the Italian withholding tax on Hong Kong residents will be reduced from 10% to 10%.

× Italian Prime Minister Mario Monti noted some controversy over the government's thoughts on introducing a property tax in the country. Monty said about the reigning uncertainty earlier, noting that the government is considering the possibility of introducing such a tax, but most likely does not consider it as an immediate measure due to the fact that the final decision depends mainly on how it will be structured and applied, i.e. , for example, as a one-time measure or an annual tax. However, Monti noted that the government does not intend to impose any unfair taxes on investors. At the same time, Monti recalled that in addition to the proposed property tax, the government is considering exploring the possibility of introducing an additional tax on certain types of vehicles for wealthy citizens of the country, such as expensive cars, airplanes, helicopters, yachts and berths (hangars ) for them.

× Italian Economy Minister Vittorio Grilli confirmed that the Italian government is working towards concluding a tax agreement with Switzerland, possibly by the end of this year. Negotiations on the agreement began in May this year. Within the framework of the initiated procedures, a working group was established, whose powers included the preparation and promotion of the relevant negotiations. As a result of the group's work, two meetings were held in July and August between Swiss President Evelyn Widmer-Schlumpf and Italian Prime Minister Mario Monti, while the Swiss Federal Council drew up a plan and outlined key points at which, in his opinion, should to build initiated negotiations. According to Vittorio Grilli, the parties are discussing the conclusion of an agreement aimed at the regularization of assets located in Switzerland and owned by non-residents of the country, as well as the introduction of withholding tax on future investment income and capital gains, similar to the agreements already concluded between Switzerland and Germany. , United Kingdom and Austria.

× The Italian Cabinet of Ministers, after seven hours of discussion, approved another package of legislative provisions containing measures to reduce tax rates on individual income, but at the "price" of increasing tax rates in other sectors. The new regulations will inherently have no impact on the size of tax revenues, and thus will not have an impact on the country's financial deficit. The reduction in income tax rates, which will cost the treasury about 5 billion euros, was dictated by the need to balance by reducing government spending and increasing taxation. According to the Prime Minister of the country, Mario Monti, there is a hope that this step of the government will convince citizens that austerity measures do not constitute a vicious circle, especially since in case of signs of economic stabilization, the government will initiate the establishment of appropriate concessions. discounts and exemptions. So, starting next year, the tax rates on individual income will be reduced by 1% for the bottom two groups of taxpayers in 2013, but an increase in the exempt ceiling is not expected. The rate for taxable income up to 15,000 euros will be reduced from 23% to 22%, for income above 15,000 euros not exceeding 28,000 the rate will be reduced from 27% to 26%. On the other hand, in order to finance this relaxation, it is envisaged to increase the VAT rate from July next year by 1% for the current rates of 10% and 21%. In addition to everything, the government announced its decision to introduce a tax on financial transactions in the country. the decision on how and when this measure will be implemented has not yet been made, but it is known that it will not be applied to transactions with government bonds.

× The Italian government has confirmed that the first collection of the single property tax (Imposta Municipale Unica, IMU) is such that the need to increase its rate at the end of 2012 simply disappeared. Introduced in 2012, the IMU, a local tax on primary residence, abolished by the Berlusconi government, was part of the Mario Monti government's budget bailout program, approved at the end of last year, and designed with the goal of achieving fiscal balance by the end of this year. ... The IMU, which provided an increase in treasury receipts, is applied (with minor variations in the part of dependents) at the standard rate of 0.40% to the main place of residence, other properties are taxed at a rate of 0.76%. The country's Treasury noted in connection with the above that the first 50% of tax revenues to the budget, dated June 18 of this year, brought the total amount of all tax revenues to 9.5 billion euros, thereby forecasts for the current year in terms of the IMU collection are set at the level 20 billion euros.

× The Italian government has introduced two key changes to competition rules that will have a direct impact on companies operating in the country. The first such innovation is a mandatory levy that companies will be required to pay annually to the Competition Authority. The second measure would be to adjust the turnover ceiling arising from the takeover, which in turn would result in a significant reduction in takeover procedures that need to be reported to the Office. Thus, the government established a completely new form of funding for the Competition Authority. Companies with an annual turnover in excess of € 50 million will now pay the Office an annual mandatory fee. The tax rate is set at 0.008% of the turnover for the previous reporting period, while at the same time it does not exceed 400,000 euros. In addition, the government changed the way in which the turnover threshold would be determined in order to automatically notify the Office of the takeover. So, from January 1, 2013, takeovers must be reported in the event that both restrictions are implemented in terms of turnover, such as: the combined aggregate domestic turnover of all enterprises exceeds 468 million euros for the last financial year; and the aggregate internal turnover of the affected enterprises exceeded € 47 million in the last financial year.

× The Italian government has unveiled an anticipated regulation on stimulating economic growth, especially in terms of tax incentives for construction companies, infrastructure projects and energy efficiency. The country's Minister of Economic Development Corrado Passera said in connection with the above that the decree will mobilize resources in the amount of 80 billion euros - almost half of the amount from the issuance of private bonds, both for the implementation of infrastructure projects and small and medium-sized enterprises (small and medium-sized enterprises, SMEs). In addition to measures to increase youth employment, the decree introduces a 35% tax credit for enterprises providing full-time employment to highly qualified technical or scientific workers. The loan will be provided on the basis of continuous employment of the person interested in the loan for three (3) years prior to the date of the said loan. Among the planned measures, it is expected - at the legislative level - to simplify the insolvency procedure for enterprises, under which - akin to Section 11 of the US Code - an enterprise will be able to obtain protection from its creditors in the event that the enterprise can restore its solvency in the future.

× Following the recent positive trends in the conclusion of tax agreements between Switzerland and a number of European Union member states, during a meeting between high-ranking representatives of Switzerland and Italy, the establishment of a working group was agreed, the task of which will be to resolve key tax disputes between the two states. The meeting, chaired by Carlo Baldocci, Chief Adviser to the Italian Ministry of Economy and Finance, and Michael Ambúhl, Secretary of State for Financial Affairs at the Swiss Federal Ministry of Finance, focused on discussing a model agreement on the regularization of undeclared assets of Italian residents. stored in bank accounts in Switzerland, as well as the issue of introducing withholding tax on future income from these assets. Among other things, it was agreed that the first meeting of the members of the working group will be held on May 24 of this year, and a meeting is planned for the near future between Italian Prime Minister Mario Monti and President of the Swiss Confederation Evelyn Widmer-Schlumpf.

× The Italian Tax Authority has canceled the obligation of banking institutions and other financial institutions to disclose information on transactions subject to value added tax, valued at € 3,600, and the implementation of which must be electronically reported to the relevant tax authorities as part of the government's measures aimed at strengthening tax discipline. So, according to the rule in force until now, the details of sales to end consumers should be disclosed only if the corresponding transaction was made on July 6, 2011 or later. However, it was decided that transactions dated on the indicated day or made later, but not later than December 31, 2011, information about which should have been disclosed by the end of the current month, should be disclosed only by October 15 of the current year. According to the IRS clarification, the postponement was dictated by the need to allow affected financial institutions to adjust their internal systems for correct and timely disclosure of the requested information.

× The Jersey government signed a bilateral agreement with Italy on the exchange of tax information on request on March 31 this year, consistent with the international standards of the Organization for Economic Cooperation and Development in terms of tax transparency and information exchange. The agreement was signed at the Italian Embassy in London by Jersey Deputy Chief Minister for External Relations Philip Bailhache and Alain Giorgio Maria Economides, Italian Ambassador to the United Kingdom.

× Italy, led by Prime Minister Mario Monti, voted to introduce taxes on financial transactions in the European Union. For example, last week, the Italian Prime Minister announced that his country would support the above proposal, submitted by France with the cautious consent of Germany, even if it does not find adequate support from the member states of the European Union. Proposals to implement the Tobin tax have drew a flurry of criticism from representatives of the financial services sectors in the UK and Malta, Sweden and Denmark, for their part, said that their adoption of these proposals would weaken the competitiveness of European financial centers and force banks to reconsider their operations on it territory. In accordance with the aforementioned plans announced by the European Commission in September last year, a tax at a rate of 0.1% will be levied on trading operations in stocks and bonds, a rate of 0.01% will be applied to other products, for example, complex derivatives.

× Following the previous austerity budget lines developed by the Berlusconi government earlier this year, the new government, led by Mario Monti, announced the approval of another package of measures aimed at confirming that all previously planned plans will be achieved. Thus, the government in its official statement focused on the fact that the previously adopted measures are necessary to counter the financial crisis that attacked the country's markets, but there was a clear understanding that further structural reforms are needed to enhance economic growth. It is expected that the total amount of funds that can be found to cover deficit items will amount to approximately 20 billion euros. At the same time, the total budget amounts to at least 30 billion euros, 10 of which will be used to fund new regulations and policies, which in turn contribute to the growth of the number and profitability of enterprises and, as a result, the growth of the number of jobs. Thirteen billion in the $ 30 billion budget will be provided through cuts in government spending, the rest will be generated through the introduction of new taxes. It is known for certain that the package of new measures will include the extension of local taxes to permanent residence (residence) as part of a sixty percent revaluation of the official value (‘valore catastrale’) of property. The introduction of a single property tax is not expected in 2014, but already in the next year, 2012. A rate of 0.40% will apply to permanent residences, the rest of the property will be taxed at the standard rate of 0.76%. In addition, a subsequent increase in the ten percent and twenty one percent rates of value added tax is possible. Earlier in September this year, a similar increase was 1%.

× The Italian Parliament approved the next austerity budget, the latest in accordance with the requirements of the European Commission, but the package of measures approved by the Parliament does not contain any key, significant tax measures that may be required in the very near future to strengthen the country's economy and increase economic growth. The designated budget is the latest in a budget lineup designed to ensure that Italy's fiscal deficit is balanced by 2013 and to convince financial markets of the government's intention to develop all necessary policies and regulations, while key tax measures have already been included in previous budget packages. articles. For example, in the September budget, the standard rate of value added tax was increased by one percent from 20% to 21%. The three percent rate of the so-called. A “solidarity levy” on income has been introduced for all private incomes in excess of € 300,000, with the new rate scheduled to take effect on 31 December 2013. In addition to the above, taxes on finance profits have been agreed at 20% and are expected to come into effect on 1 January 2012, excluding interest income earned from holding government bonds, while corporate income tax paid by energy companies is the territory of Italy, previously charged at a rate that exceeded the standard rate by 6.5%, will be increased by another 4% over the next three years. In comparison, the next approved budget contains fewer tax measures, in addition to confirming the status of the pension system reforms, the sale of state assets and property in order to raise funds, simplify public administration procedures and, as a result, reduce the corresponding costs.

× The Italian Senate threw all its efforts into adopting a package of measures to reduce the country's debt burden and "clear the way" for the arrival of a new government, which in turn will try to do everything possible to restore confidence in the second largest debtor in Europe. According to Angelino Alfano, secretary of the Prime Minister's Free People's party, the Senate intends to vote in the next few hours on a package of measures that include asset sales and an increase in the retirement age. The Chamber of Deputies will vote on the day following the Senate, followed by Prime Minister Silvio Berlusconi's immediate resignation. Italy's 10-year bond yields are up 48 basis points today, rising to 7.25%, the highest since the euro was introduced in 1999. The yield on the five-year bonds reached 7%.

× During a meeting organized by the Italian Senate Foreign Affairs Committee, an attempt was made to unblock the "stalled" negotiations on the conclusion of an agreement on the avoidance of double taxation between Italy and Switzerland. For two years, there was complete silence over the conclusion of a revised tax agreement between Italy and Switzerland. The Italian government, and in particular the country's Minister of Economy Giulio Tremonti, declared its extreme rejection of the conclusion of such agreements until Switzerland fully fulfills its obligations to remove banking secrecy on its territory, after which between the two countries in automatic mode a system for the exchange of information about taxpayers in both jurisdictions will be able to work. Until then, according to Tremonti, Switzerland will remain on the black list of offshore zones on a par with Luxembourg and Liechtenstein, while still being subject to regulation under the new disclosure rules regarding the collection of value added tax. Thus, this issue was raised within the framework of the above-mentioned meeting organized for parliamentarians of the country, ambassadors of Italy and Switzerland, bankers and business representatives, during which the chairman of the Committee on Foreign Affairs Lamberto Dini announced that in order to to succeed against the background of the conclusion of similar tax agreements by Switzerland with Germany and the UK, which will enter into force in early 2013, a similar agreement between Italy and Switzerland must be agreed no later than March 2012.

× The Italian financial market regulator decided to curb the practice of short selling after the benchmark stock index fell to a five-month low, as well as the “roll-off” of debt obligations amid fears of a number of investors that Italy could become the next victim of the debt crisis hanging over the European region. For example, the Italian regulator known as Consob ordered “short sellers” to disclose information about their positions at the moment when they reach the level of 0.2% or more of the company's capital, further reporting each “increase” in the amount of up to 0, one%. The measures taken will be valid until September 9 this year.

× The Government of Singapore announced that the implementation of the Protocol on the Exchange of Information on Tax Matters under the existing Double Taxation Treaty with Italy is a confirmation by Italy of its efforts to counter international tax evasion. On May 24, an additional protocol to the said Agreement was signed on the territory of Singapore by the Permanent Deputy Minister for Finance, Mr. Chan Lai Fung, and the Italian Ambassador to Singapore, Mr. Anacleto Felicani. The signing of the Protocol brings the total number of such agreements signed by Singapore, which meet international standards for the exchange of information on tax matters at the request of the interested party, to 28. Singapore adopted the aforementioned standards in March 2009, and since then it has signed, among others, relevant agreements with Spain, France, China, Japan and South Korea. The text of the Agreement was originally signed in Singapore on January 29, 1977. The Additional Protocol to the Agreement will enter into force after its ratification by both signatory jurisdictions.

× A technical working group, which included representatives of the Italian Tax Service and most of the federations and associations of entrepreneurs of the country, including Confindustria, began its work on March 29 this year to develop and formulate proposals to simplify the country's system for levying corporate tax. It is the responsibility of the working group to agree on proposals that will subsequently be presented to the government on how the problems caused by the country's taxation system can be resolved to the benefit of all types of business-related organizations. The government was given two months to complete the group's work. In order to achieve these goals in a fairly short time, a number of experts will divide the upcoming work into several areas, including discussion and study of the general system of tax administration, as well as the obligations of companies under value added tax and corporate income tax. At the center of the issues considered by the working group was placed the possibility of rationalizing and optimizing these obligations and reducing the corresponding burden on enterprises.

× A delegation visiting the Swiss Federal Council, seconded from the representatives of the canton of Ticino, voiced its request to revise the existing tax treaties with Italy in view of the ongoing complications in the relationship between the two jurisdictions in the field of taxation. Norman Gobby, one of the representatives from the canton of Ticino, closest to the common borders with Italy, said that the government should review the provisions of the agreement reached with Italy in 1974, according to which the cantons of Ticino, Grigioni and Vallese pledged to return Italy 38.8% of the amount of taxes levied on the income of Italian citizens who work in Switzerland, but live in their homeland. According to Norman Gobby, this amount is extremely overstated, especially against the background of a similar agreement between Switzerland and Austria, according to which the tax refund to the Austrian side is challenged only at the level of 12.5%. Only from the canton of Ticino since the entry into force of the above agreement in 1974, Italy has been paid 1 billion Swiss francs (1.1 billion US dollars).

× Italian Finance Minister Giulio Tremonti briefly outlined the government's current position on the planned tax reform. First of all, given the doubts that have been present in some quarters since the political difficulties of Prime Minister Silvio Berlusconi, Giulio Tremonti confirmed that the government is currently on the way to agree on a federal tax reform. He also confirmed that in relation to and in preparation for reforming the tax system, four government working groups, in cooperation with stakeholders, began a thorough study of the issue last year and are currently continuing to study the structure of the existing tax system in order to create a single list current measures, in particular the various reductions and write-offs established in previous years. In the future, the working groups will start drawing up a detailed "map" of public expenditures, after which all indicators and characteristics will be collected together, on the basis of which a plan for the implementation of the reform will ultimately be created.

× The General Manager of the Italian Tax Service, Mr. Attilio Befera (Attilio Befera) said that in the very near future more than 40,000 taxpayers in the country will begin to receive letters indicating discrepancies between the funds spent and their declared income. Thus, the Office will start sending letters as early as January 2011. A typical case of tax evasion will be a situation in which a private person who has acquired this or that property does not declare the amount of taxable income for the previous year. In any case, the Office does not intend to start calculating the debt immediately after sending the letter: the taxpayer will initially be given the opportunity to substantiate and prove the compliance of his expenses with the declared amount of income received.

× During the meeting of the European Economic and Financial Council (Ecofin) in Brussels, Mr. Giulio Tremonti, the Italian Minister of Economic Affairs stated that he does not support the idea of bilateral agreements on the exchange of tax information, which are currently being negotiated between Switzerland and some members of the European Union. Ecofin is discussing rules that could help bring the existing EU Savings Tax Directive in line with the Organization for Economic Co-operation and Development's harmonized international standards for the exchange of tax information. Thus, some countries of the Union, partly the United Kingdom and Germany, agreed to begin bilateral negotiations with Switzerland (on whose territory the above Directive entered into force in 2005) regarding agreements that would allow these countries to tax assets held by their residents in the accounts Swiss banks, on the condition that Switzerland retains some bank secrecy measures. So, according to the Italian Government, these agreements, as well as the existing EU Directive, exclude the automatic exchange of information regarding bank customers. And this is the main reason why countries such as Luxembourg, Liechtenstein and Switzerland remain on the black list of tax havens in Italy, which also prevents the long-planned agreement on the avoidance of double taxation between Switzerland and Italy. Mr Tremonti also stated that the negotiation process regarding the conclusion with Switzerland compromises the existing system of the corresponding European regulation. According to him, Italy cannot agree with the "violence" carried out over the EU Directive through bilateral agreements, and is currently awaiting the reaction of Ecofin regarding the admissibility of their conclusion.

× Switzerland and Italy have reached an agreement in principle on future cooperation on tax issues. Negotiations with Italy on the subject of tax-free Italian assets in Swiss banks continued for two and a half years. Representatives of both states are preparing to sign the Protocol to the Agreement on the avoidance of double taxation, containing the agreed amendments and additions, as well as the corresponding action plan. Both documents must be signed no later than March 2, 2015. Such an agreement will strengthen cooperation between Switzerland and Italy on financial and tax issues after years of disagreements and will simplify the process of regularizing tax-free assets before the introduction of an automatic information exchange system. A similar Agreement between the Swiss Confederation and the Italian Republic was approved on December 19, 2014. At the moment, the Confederation, cantons and representatives of the business community send their comments on this document. This procedure must be followed in accordance with applicable law before the Agreement is signed at the end of February. During the negotiations, both parties managed to achieve their goals: Ensuring an orderly transition to the future automatic exchange of information, i.e. simplified regularization of the assets of the bank's Italian clients without significant capital outflows with reduced risk associated with litigation for banks and their employees; Removal of Switzerland from Italian blacklists as soon as possible. After the entry into force of the Protocol with amendments to the Agreement on the avoidance of double taxation, Switzerland will be removed from the lists, which were based only on the absence of an information exchange system. Italy will allow its citizens to continue to have Swiss bank accounts, since Switzerland will now be considered a "positive" state; Improvement of the agreement on avoidance of double taxation between Switzerland and Italy, transition to the OECD standard for the exchange of information upon request; Reaching an agreement on the taxation of persons residing in one state of the European Union, and working in another state that is a member of the EU; Facilitating market access for financial service providers. Both sides confirmed their intention to improve cross-border interaction and access to financial markets. It is expected that technical negotiations on this issue will begin shortly. Thus, the Agreement on the avoidance of double taxation between these states should be supplemented by a Protocol containing the rules on the application of the OECD standard for the exchange of information upon request. As mentioned above, the Agreement on the avoidance of double taxation should be signed by the end of February. Even if the process of ratification of the bilateral Agreement by the parties takes two years, the provisions on the exchange of information will apply immediately after the signing of the Agreement. As a result of the completion of the negotiations, it was possible not only to agree on a Protocol to the Agreement on the avoidance of double taxation, but also to approve a strategic action plan. The plan reflects political views on certain aspects of bilateral relations in the tax and financial spheres. The Action Plan will be published at the time of signing of the Protocol with amendments to the Agreement on the avoidance of double taxation. The document under consideration, in particular, includes the following norms: Automatic exchange of information: in the near future in Switzerland and Italy the relevant OECD standard will be applied in practice within the framework of the new legal framework. Regularization of the past: Italian taxpayers who open a bank account in Switzerland will be able to participate in the Italian voluntary disclosure program under the same conditions as representatives of other non-blacklisted countries. Both states will be able to send group requests in order to identify individuals intending to hide assets from which tax has not been paid. The Italian Voluntary Disclosure Program is based on the standards of the OECD Model Agreement and the global standard for the exchange of information when the need arises. Negotiations on the development and implementation of a voluntary disclosure program have been underway for three years. After this period, Italy ultimately received a program that allows Italian citizens and residents of foreign countries to streamline undeclared capital within other countries. Italy has set a 60-day deadline within which countries must sign an agreement on the exchange of tax information. Countries that do not agree with the approved terms run the risk of being blacklisted. Harassment of taxpayers, as well as financial institutions and their employees: Taxpayers participating in the voluntary disclosure program are subject to milder sanctions. As a general rule, financial institutions and their employees are not responsible for tax crimes committed by their clients. The corporate activity of financial institutions on the regularization of clients will be assessed positively. Taxation of persons residing in one EU member state but working in another EU member state: currently only Italian workers carrying out professional activities in Switzerland are exempt from taxation in Italy, but in the future such workers will pay taxes at a reduced rate in the state in which they work, as well as pay standard taxes in the state of which they are residents. The tax burden from professional activities will not exceed 70% of the total withholding tax. At the same time, the new regulation will, by and large, leave the total tax burden at the same level: we are not talking about either increasing or decreasing the tax. The new taxation of these persons should be agreed in the first half of 2015. Both sides promised not to drag out the relevant negotiations. Additional changes to the Agreement on the avoidance of double taxation between Switzerland and Italy: in the near future, the competent authorities will continue negotiations on certain aspects of indirect taxation. In the long term, it is expected that solutions will be found on other tax issues and issues of relevance to other areas. At the next stage of the relevant work, the parties will seek to reduce tax rates on dividends and interest payments, the rule on abuse will be changed and a provision on the consideration and resolution of disputes in arbitration will be introduced. The updated Double Taxation Agreement will also include other bilaterally agreed tax regulations. The Italian authorities hope that the Agreement will make it possible to identify Italian residents who hold undeclared assets they hold in Switzerland. They also note that, thanks to the voluntary disclosure program, Italians will be able to pay the corresponding fines at a lower level. In addition, the focus is on the possibility of a more effective fight against tax evasion thanks to the new and improved measures enshrined in the new Agreement.

× With the change in the legislation in the field of commercial relations, the labor legislation also changes. France In April 2013, the lower house of the French Parliament approved a labor law reform. Proponents of these changes believe that the new regulations will help create new jobs and improve competitiveness. There has long been an opinion in the country that high salaries and reduced working hours for some employees, especially those who work on permanent contracts, impede the flow of investment into the country. Opponents believe that the corresponding changes are unfavorable for workers. In this regard, a wave of strikes even swept across the country. Although there are those who believe that the new legislation is a balanced legislation that takes into account the rights and obligations of both parties: employers and employees. Among the proposed changes: the ability to reduce the salaries of employees for some (with high salaries) or working hours for others (with low salaries) for a certain period (up to two years) in case the company is going through hard times. In exchange, the companies undertake not to carry out mass layoffs during this period. Employees who refuse a corresponding reduction in wages or working hours can be dismissed by companies in a simplified manner; French government agencies will be less able to block layoffs for companies in difficult financial conditions; firing employees will be cheaper and less difficult. All of these measures are aimed at allowing companies to more quickly adapt to difficult situations, such as an economic downturn or a decrease in orders. Among the changes that were adopted towards employees, it is worth noting the following: all employers must provide compulsory health insurance in addition to state social security. Legislative reform is the result of intense negotiations between businesses, government and trade unions. UK In the UK, plans have also been announced to amend labor laws. The changes are aimed at making the labor market more flexible and efficient, promoting growth and job creation. It is assumed that some of the changes should enter into force in the summer of 2013, the other in the fall of 2013, and the rest in the spring of 2014. Among the proposed changes: changes in regulation regarding mass layoffs. Mass layoffs are defined as situations where an employer plans to lay off 20 or more employees within 90 days or less. As before, the law does not provide for a minimum period for consultation on mass layoffs with labor unions or workers' representatives. However, it was noted that such consultations should begin at least a certain number of days before the mass layoffs take place. If the number of dismissed employees is from 20 to 99, consultations must begin at least 30 days before the dismissal, with more than 99 employees - this period will be reduced from 90 to 45 days. the rules on the minimum wage will be changed; in case of improper dismissal, the maximum amount of compensation will be 12 months' salary; the procedural rules of labor tribunals will be changed, payment for filing a claim with a labor tribunal will be introduced, the tribunals will have the right to impose monetary penalties on employers who violate the rights of employees; the term “employee-shareholder” was introduced, which would mean that employees can purchase shares in the company if they waive certain rights, for example, the right to challenge illegal dismissal; all employees who have worked for the company for more than 26 weeks will be eligible to request flexible working hours; a council will be created to help employers and employees resolve issues during long absences of an employee due to illness. Italy In 2012, the Italian government proposed a package of amendments to labor legislation in order to increase employment. The changes include the following: facilitated conditions for employers when concluding fixed-term employment contracts. Previously, employers who wanted to conclude fixed-term contracts had to justify this: for example, for reasons of an organizational or production nature. According to the changes, employers no longer have to provide these justifications when concluding a fixed-term employment contract for up to 12 months for the first time with an employee. This will provide employers with more flexibility in hiring short term employees. new rules are being introduced to control the balance between permanent employees and interns. Employers are entitled to have three trainees for every 2 regular employees. However, in order to hire new interns, employers must offer permanent work to at least 50% of their former interns. employers can no longer offer internships to graduates with a master's degree unless they are offered adequate remuneration; self-employed employees must be retrained as permanent employees or coordinated employees, if the relationship between the parties lasts more than 8 months a year, such an employee receives more than 80% of work for this particular employer and / or the employee has a permanently equipped workplace at the location of the company. the contract for a specific project will only be valid if the contract clearly indicates the project and the result that is expected of the employee in connection with this project. If there is no such indication, then such an agreement can be re-qualified into a permanent employment contract. Thus, labor legislation does not stand still, but is modified along with the development of commercial relations.

× The Italian government is developing anti-crisis measures, which are subsequently to be approved at one of the meetings of the heads of state ministries, scheduled for August 16 this year, and submitted to parliament. It is expected that with the implementation of the measures being developed, the process of balancing the state budget will accelerate and the current financial situation in the country will be in line with the situation on the world financial markets. At the same time, during the official meeting of the Prime Minister of Italy Silvio Berlusconi, the Minister of Economy of Italy Giulio Tremonti and representatives of industry, business and trade unions, Tremonti emphasized that at the moment the state is aimed at achieving a budget balance by 2013, despite the fact that, according to the European Union, this event should only happen in 2014, and many financial markets doubt Italy's ability to eliminate the budget deficit and resolve debt difficulties. At the same time, Tremonti confirmed that although it was previously reported that the implemented measures should have been effective in order to resolve the current political and economic situation during the last target year, a significant reduction in the deficit is expected in 2012. The planned measures will be revised so that, while the ratio of Italy's fiscal deficit to gross domestic product is expected to reach 3.8% this year, the previously planned 2.7% ratio in 2012 was reduced to 1 , 6%, while to increase income or reduce expenses, 1% was set, which "will show itself" next year. Obviously, in addition to the existing pension and social security reforms, measures should be taken to provide additional income this year, as well as in subsequent years. On the one hand, the measures already taken will undoubtedly lead to cost reductions, but at the same time they are unlikely to bring additional funds, which was not approved by trade unions and representatives of certain political circles. While there is a widespread perception that both experts and the public believe that government spending should be significantly reduced and that there should be an effective response to tax evasion, government decisions on whether to provide additional revenue are highly vague. The main reason is that the requests of the parties are fragmented, but in any case, in order to ensure economic growth, the implemented measures must be clear and effective. According to Emma Marcegaglia, President of Confindustria, the federation of Italian industry, “the budget must be accurate and objective, fair, and there must be significant reductions in the cost of servicing the public sector. In addition, in order to stimulate economic growth, it is necessary to resort to privatization, infrastructure improvements, tax simplifications and ensuring effective public administration. ” However, with regard to individual tax measures that provide for the receipt of income, Emma Marcegaglia opposes one of the proposals of the authorities - the introduction of a tax on wealth, which, incidentally, is levied in all member states of the European Union. Obviously, the government proposals will be aimed at harmonizing withholding taxes, which is part of the tax reform that was announced by the government in early July along with the previous budget. Taxation of all types of income, including capital gains, but excluding income from government bonds and pension funds, will stop at 20%. Today, 12.5% is charged on interest on savings and open bank accounts, as well as on capital gains. Thus, such harmonization will bring in more than 1.8 billion euros next year. And finally, as part of the movement towards reducing the tax burden for organizations, the proposed measures will slightly reduce the regional product tax rate, which, in turn, will be balanced by an increase in the value added tax rate. It should be noted that there is no coordination and certainty in the actions of the authorities. Of course, it is necessary to clearly formulate and subsequently implement effective measures that can restore the previous position of the state. According to experts, anti-crisis measures cannot be taken urgently, which would have a beneficial effect on the Italian economy. There are many meetings, sessions and discussions ahead. All without exception expect that the proposals put forward will take shape and make a significant contribution to the financial recovery of the state.

Italy is a very favorable country to start your own business in it. The laws existing there clearly formulate the rights and obligations of entrepreneurs. When opening his company in this country, a businessman will not face the incompetence of lawyers, too long paperwork and hostility of competitors. With all the necessary papers and a clear understanding of the goal, you will become the founder of your enterprise in the shortest possible time.

In some cases, starting a business in Italy is easier than in neighboring countries. So, there is no urgent need to speak Italian. If the language comes in handy in the future, you can turn to a translator for help or learn it yourself.

The founder of a business must first of all obtain a residence permit. After that, members of his family automatically receive the same rights. If the business turns out to be profitable, in ten years the owner can become a full-fledged citizen of Italy.

To avoid difficulties at the initial stage, you can contact the specialists. Beware of low-quality intermediaries and offers from fraudulent firms, use the services of only well-known companies, such as West Union: http://wugroup.ru/ru/service/registration-of-foreign-companies.

With all the advantages of implementing your business project, there will be some difficulties. For example, in Italy, the tax is quite high: as much as 33% of income. In addition, the owner of the company has to pay an additional fee to the local government.

You should also be aware that most of the private enterprises in this European state are inherited. Often, a large business is owned by a whole family or a group of acquaintances. It is extremely difficult for a foreigner to join it, so it is better to organize a small business.

Which area to choose

We all know that Italy is a favorite vacation spot. People go there and sunbathe on the beach, and see the sights, and get acquainted with the local cuisine, and go shopping. Therefore, if you do not have any specific direction, the following areas will become the most demanded.

Clothing store. Everyone knows the love of Italians for fashionable outfits. And tourists will not pass by when they see attractive new items in the window.
Kitchen. The inhabitants of Italy are avid gourmets, and their national dishes are famous all over the world. If you invest in opening a restaurant or cafe, there will be no problem with the flow of customers.
Hotel business. Due to the large number of vacationers, it is beneficial to maintain a small hotel or boarding house.
Agriculture. Due to its geographical position, the country has an excellent climate, so you can start breeding various crops there.

Forms of organization of a private enterprise

From the very beginning, a business immigrant needs to decide what form of organization he will choose for his company. And we will help you understand the existing ones and choose the most suitable one.

First of all, it is worth paying attention to Full partnership(in Italian Societa in nome collettivo). As a rule, it has two or more founders. In the event of problems with the tax police or the law, all members of the partnership are financially liable. Suitable for small businesses, a great option for foreigners. But this form provides the largest tax percentage.

OOO(societa ’responsibilita’ limitata) is one of the most common types of enterprise organization. But this type involves running a large business, and therefore the owner of the LLC must hire at least fifty employees. The initial (authorized) capital is the main guarantor of the owners' responsibility. Limited liability companies are usually opened by Italians, because the payment turnover of the company must be more than ten million euros.

Closed joint stock company has one creator, but requires the obligatory presence of an auditor. The initial capital required is paid in full immediately and amounts to ten thousand euros.

Private enterprise(Ditta Individuale, Imprenditorе) is one of the simplest and most accessible forms for a foreign businessman. The responsibility of the founder is his property. For the successful development of the business, Italy provides entrepreneurs with a preferential tax system for five years after the establishment of the company.

How to register your organization

There is nothing complicated in the process of registering your company. You don't even need a special business visa for this. The usual Schengen one will do. But after completing the necessary documents as a business owner in Italy, you will be able to open a business visa without any problems.

For the registration itself, you must have:

Name of the organization;
a document characterizing the type of goods or services;
lease agreement for office space or confirmation of its ownership;
the names of all organizers and the rules of the company itself;
a receipt for depositing start-up capital.

After providing the necessary documents, your organization will be included in the list of enterprises related to your region. You also need to contact the tax office and open a special taxpayer account. Your company must definitely obtain an official status from a notary.

Helpful information

In some countries, it often happens that a person starts his own business in another area. For example, a designer with special education and work experience can open a travel agency or a private school.

In Italy, however, this issue is treated quite strictly. In order for you to be given the opportunity to prove yourself in any field of activity, you need to prove your professionalism. Not all foreign specialists can work in this state, having a document on education from their country. Immigrants from non-EU countries will have to prove their qualifications. Doctors take special examinations at the Ministry of Health. And other specialists should go to the Directorate General for Civil Affairs to confirm their diploma.

Every citizen who has a residence permit in Italy and a financial base, according to the legislation of the country, can open his own business. The conditions for registering a business in Italy do not imply confirmation of the project's profitability for the state, which advantageously distinguishes them from those for other EU countries.

The attractiveness of sunny Italy for foreign investors is explained by many factors:

Recognition of Italian quality;
Economic stability;
Availability of bank loans at Italian interest rates;
Implementation of innovations and reforms established by the government, reduction of bureaucracy.

A significant advantage of investing capital in your own business is the ability to open branches of the company in other EU countries.

Features of business immigration to Italy

The opening of your own business in Italy is preceded by the definition of the type of the created company and the legal form of the own company. The registration procedure does not provide for special requirements for the size of the annual turnover, the number of mandatory labor agreements.

The main requirement is the timely payment of taxes. Business efficiency is a personal matter for the founder.

What is a business visa and what type of visa can you get in Italy?

Entry of foreigners to the country for doing business (lavoro autonomo) possible with an immigration visa, which is significantly different from a document called "business visa". The latter does not give the right to engage in self-employment in Italy.

Such a visa document is a long-term one and is drawn up by the consular department of the country of residence within one to two weeks.

How profitable doing business is ensured

It is really possible for a Russian to "land" in a small or medium-sized business in Italy.

At the same time, the creation of small enterprises is best carried out in the following areas:

Hotel industry;
Services sector;
Agriculture;
Trade.

Considering that the competition from Italian companies in these sectors is very strong, it will not be superfluous to create your own original market niche for doing business or focus on a service that is not very common in the Republic.

Conditions of immigration to Italy for Russian entrepreneurs

Italian law and the norms of the convention between Italy and Russia provide for the establishment of companies by immigrants in a foreign state. According to its laws, regulations and bylaws, depending on the type of business chosen, the requirements for founders in terms of their financial solvency also change.

The amount that needs to be confirmed to enter for the purpose of starting a business must be equal to 10-50 thousand euros.

Choosing the required visa, conditions for obtaining it

A national visa for starting your own business from scratch or transferring a business is category D.

When applying for a visa for business immigration, it is necessary to stipulate the following points:

The purpose of entering the country;
Proof of temporary residence (declaration of hospitality from an Italian citizen, EU resident or hotel reservation);
Possession of a sufficient amount of finance;
Availability of a medical insurance policy valid in this country (in the amount of 30 thousand euros or more).

If all the requirements are met, a Russian citizen can be issued a visa for a period of several years.

How to get a residence permit, permanent residence, citizenship in Italy

Obtaining a residence permit must be ensured that the following conditions are met:

No prohibition on the chosen line of business;
Economic profitability of the future enterprise;
The applicant for a residence permit has no violations of international, European and Italian legislation.

Subject to such conditions, a Russian businessman can establish a partnership, individual enterprise or LLC in Italy.

Italian laws provide an opportunity for foreign investors living in the country for at least 5 years to have permanent residence (permanent residence). This type of residence permit is unlimited.

It becomes possible to obtain an Italian passport under the following circumstances:

On the basis of the conclusion of a marriage union with citizens of Italy;
With legal residence in Italian territory for a decade;
At the birth of a baby, if one of the parents is Italian, the newborn becomes an Italian citizen.

If the parents are stateless or unknown, the person born in the country will be recognized as Italian.

Buying a ready-made business or opening it from scratch

To buy a ready-made business and then not regret it, it is imperative to conduct a full audit of the company being sold, which includes:

Analysis of the last balance;
Assessment of the value of funds;
Verification of legal data, company history;
Getting information about the state.

Information about the object in the mass media should be of particular interest.

For a foreigner who opens a new innovative business from scratch, there is an opportunity to receive benefits for doing business.

These privileges relate to issues:

Hiring and remuneration;
Stamp Duty Exemptions;
Payment to the Chamber of Commerce, etc.

What options for doing business are most often used by Russian businessmen

The profitability of a business is highly dependent on the region of residence. In the north, where industry is a developed sector of the economy, it is most profitable to do design, real estate renovation, construction, open a restaurant or a service company in the IT field. The profitability of creating software products can reach 200%.

Agriculture is more developed in the south of the country. Here our compatriots conduct business, cultivating cereals, grapes, olives, sugar beets, and tobacco. The profitability of tourist business enterprises is typical for all regions of the Republic and reaches 250 - 300%.

Business ideas with minimal investment

Without large capital investments, our fellow countrymen are successfully doing business in the provision of services, opening companies in the following areas:

Electronic equipment repair service;
Services for the care of the infirm and elderly citizens;
Offline and online translation agency;
Development of computer programs, their provision and maintenance.

The most popular types of business for a Russian entrepreneur are:

Opening of a mini-hotel, beauty salon;
Acquisition of a vineyard or agritourism business.

What Russian entrepreneurs who immigrated to Italy talk about

For Tatiana, the question arose: "What to do?" When she arrived in Verona, and has been living there for four years. Tanya noticed that Italians are really interested in Russian culture, doing business in Russia, etc. To satisfy the interest of her local acquaintances, she created her own business, the Russian Center.

Here, consultations are held for those wishing to sell Italian branded clothing, cheeses, olive oil in Russia, and there are culinary courses in Russian cuisine. She recently opened a small shop of Russian souvenirs and books of Russian classics at the Center. Now she works with a travel agency specializing in Russian cultural tourism.

Our compatriot Alexander Kotlyar opened a business in Genoa, with the nuances of which he knows firsthand. His agency provides assistance to Russian citizens who want to immigrate to Italy in order to create a business.

Legal nuances

The independent establishment and registration of an individual entrepreneur (individual entrepreneur) or a company takes a lot of time, but as a result, the immigrant becomes the full owner of his company in Italy, not dependent on anyone. He independently chooses the most acceptable form of organizing his business.

Stages of business registration in Italy

Having received a residence permit, a future businessman must go through the following stages of formalizing his business:

Develop and approve notarized statutory documents;
Open a bank account;
Pay the duty to the state;
Obtain an appropriate license;
Notify the local labor office about hiring workers;
Prepare accounting documentation.

If the documents comply with the norm, the Chamber of Commerce will register a new company. The cost of registration will be 220-300 euros.

The most popular types of businesses - legal entities in Italy - are the following:

Full partnership — Società in nome collettivo, or SNC... This form provides for the presence of several founders of a business with an agreed distribution of profits;
Limited partnership — Società in accomandita semplice, or SAS... This form assumes both the presence of participants and contributors or commanders;
Opening an LLC is typical for large businesses, such firms have a staff of more than 250 people.

Opening your own individual entrepreneur (individual enterprise) is most suitable for starting an entrepreneurial career.

Taxation

Italy's taxation system is the most complex in the entire Eurozone. State budget revenues account for 80% of all government revenues.

The state provides for the following tax rates:

Income tax calculated at a progressive rate - 23–43%;
Tax to the state budget on profits - 24%, to the regional - 4.25%;
VAT- 22% (for food - 10.5%, books - 4%).

Stamp tax is supposed to be paid when processing legal documents for doing business.

Other nuances

To be recognized among business partners - Italians, it is better for some time to learn the intricacies of local life, to learn the language, customs and mores of the inhabitants of the country. The Italians' mentality affects the way Russian entrepreneurs do business. The inhabitants of the country lead a measured way of life; they prefer the same rhythm in business relations.

They may be an hour and a half late for a business meeting, but they pay great attention to how the business partner is dressed and what they are wearing, to his grooming and tidiness. There is also corruption in the country, but in a veiled form: none of the officials will take a bribe from a stranger. Everything is decided by family or friendship.