Starting a small business in Italy can be difficult, but recently announced government regulations and incentives make it even more rewarding. Knowledge of the language and familiarity with the Italian market is always a plus.
If you’re looking for a comprehensive list of everything you need to start a small business in Italy, you’ve come to the right place.
What you need to start a small business in Italy
Accountant familiar with tax rules and procedures in Italy.
It is important to find and hire the best accountant before starting a business in Italy because it can be extremely difficult 2021 to navigate the tax environment of a foreign country without a professional accountant when starting a business.
A business plan is needed.
Moving to Italy and starting a business in Italy in 2021 without a business plan is not a good idea. A business plan requires researching the market for the company, researching customers for the company, and then creating a list of goals to be achieved. This basic work is very important and it can be difficult to start a business without it.
You also need to decide what kind of business you want to run – whether you want to operate as an individual or as a company. If you want to work as a business, it comes down to what kind of business and more. The amount you invest will depend on the type of business you are looking to set up.
Create a bank account in Italy.
Before starting a business in Italy in 2021, you need to create a bank account where you can deposit your capital. According to Italian law, 25% of the capital must be deposited in the account of a person who wants to start a business in Italy, regardless of the type of business.
Long-term permit required.
Until 2021 you can start a business in Italy with a long-term permit to live and do business. This should ideally be one of the first things to consider when considering a move to Italy, as all other steps will fail if you do not have a valid residence and work permit in Italy.
Create an email address.
It is important to create an official email address for your business so you can set up a small business in Italy. This is where all official information and communications will be sent to you. This email address is recognized by the government as a means of communicating all business related messages and concerns to you.
Register the company.
Registering your business is one of your first tasks. This makes it legal to conduct business in Italy without any hassle. Collect and maintain all documentation necessary to complete the registration process. This will make it easier to register your business.
To make decisions
You can start a small business, but the trials that come your way are not small businesses. Therefore, it is best to prepare yourself by doing everything you can to deal with problems. You can always seek professional help if needed, but you should be careful not to miss any deadlines or documents. This will reduce the barriers to starting a business in Italy. Starting a business in Italy in 2021 is not far off if you follow all those rules.
