How to start a small business in Italy in 2020: our guideItaly’s famous for many brands, across a wide range of industries, and, in recent years, foreign investors are increasingly getting in on the action.
It’s no secret that the process is lengthy and incorporates a lot of red tape but, due to recent government provisions and incentives, starting a business in the country is becoming increasingly attractive.
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Buying a shelf company in Italy: the ultimate GuideLooking to start a company in Italy? Good going! Italy has been opening its doors to foreign investment, and a testament to this is how government provisions in recent years work in favor of foreign investors. But be warned: bureaucratic procedures are not your friend, and they’ll be your first big hurdle in getting your business off the ground.
One of the downsides of opening a brand-new company will be the effort and time that you have to be ready to invest.
Like the USA, the number of freelancers in Italy keeps rising year by year. Europe as well is following the American trends and by 2025 the freelance workforce is expected to count for as much as one third of the entire workforce.
In total, in Italy there are 5,5 millions of freelancers or “liberi professionisti”, and their contributions represents almost 16% of the entire Italian GDP; between 2009 and 2018 their number grew by 20%.
This regime (Regime Forfettario) is open to taxpayers looking to get themselves registered for VAT and start a self-employed business or profession for the first time in 2017.
The scheme for small taxpayers (described as the Regime dei Minimi as well as the Regime Forfeitaro) has seen a number of changes over the years and some of the old rules apply to people who started out in earlier years. But from FY 2016 there is only on regime open to new taxpayers – the Flat–Rate Scheme. Sei un amante dello sport? Alleni e vorresti creare una squadra? Hai un particolare passione sportiva e vorresti farla diventare una società sportiva?
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June 2021
AuthorAfter moving back to Italy from the United States in 2013, I realized how much an accounting and tax firm was needed to help expats living in Italy to comply with the local tax regulations. |