What are the main company types in Italy?

There are three major types  of Italian company registration for foreign investors, and they are as follows:

- Limited liability company (SrL)

- Joint Stock Companies (SpA)

Is it complicated to setup a business in Italy?

Following recent reforms, opening an Italian company has become easier than in the past, the incorporation process takes a few more days (7 working days) than in some other European countries, but unlike most European jurisdictions VAT number and bank account for foreign owned companies can be obtained at a quicker time frame. The company incorporation formalities include the following:

Analysis of Italy Tax System

-Analyze legislation and foreign legal and economic backgrounds aimed at promoting production or commercial settlement

-Develop business and tax planning to analyze the feasibility and benefits of business and financial plans, including tax analysis;

-Define the legal forms and models that exist in the host country, analyze bilateral agreements for double taxation (to choose between companies, subsidiaries, or representative offices);

-Assist in drafting international contracts

-Development of internal reporting system

-Research and establish a group fund management model

The UK Accounting Standards: The UK GAAP

The UK Accounting Standards have a new framework for financial reporting effective January 1.2015Therefore. five standards were published by the UK's Financial Reporting Council. which together form the basis for the new UK regime. For those who are eligible, the Financial Reporting Standard for Smaller Entities(FRS) will be available for use, but it will not change fundamentally for the moment.

What materials are required for company registration in the UK

-Provide UK company name

-Determine the registered capital of the company

-Provide documents for directors and shareholders

-Select the company's business scope

UK Company Registration Process

The UK company registration procelis is relatively simple and convenient, with the specific process as follows:

-After providing the necessary information for the registration of the company mentioned above, the company name will be checked and verified first

-After the name verification is approved, prepare the registration and signature documents for the company's directors and shareholders to sign

-Submit registration to Companies House after signing

-Government review completed and registration certificate issued

-Prepare company seal and express full set of registration materials

-After obtaining the company registration documents, prepare to open a bank account (if required)

Registration time: About 3-5 working days (only 2-3 working days for certificate issuance)