February 15, 2011, 2:04 pm
A way to engage in business in Italy is acquiring a shelf company, and adjusting it. An Italian shelf company represents a quicker and more efficient way to start a company, as it is already established and registered in Italy with all required institutions. Therefore the time needed to start activity is a lot less then setting up a brand new company, from scratch. All that is required to start business is to transfer the shares from the actual owner of the company to the new shareholder.
The share transfer process implies providing certain documentation from the buyer of the Italian shelf company, which can be legal entity or natural person. The required documentation refers to identification documents, and in case the buyer is a company, the registration certificate from the relevant authority in the country where the company has been registered. Commencing the share transfer process begins with signing the Share Transfer Agreement which should also be authenticated by a public notary.
After the documents have been provided and the Share Transfer Agreement has been signed and authenticated, the new shareholder can make the modifications which will result in adjusting the shelf company after the needs of the new company. All of these changes must be registered with the Register of Enterprises of Italy and refer to the appointment of the new Board of Directors, with all their information such as identification documents, addresses, shares etc., company name, new address, additional object of activity, or replacement of object of activity, new bank representatives etc.
It is advisable for the new shareholder to conduct a thorough documentation upon the company's previous activities, accounting and tax fillings, possible debts and liabilities and company assets, as shelf companies can be brand mew or aged, with previous commercial activity.
Setting up a shelf company resembles to establishing a new company, but requires a lot less time and effort, as the process implies only share transfer. Shelf companies are already registered with the relevant institutions in Italy and the process of share transfer is completed in a short period of time, so that the company becomes available almost immediately.
BridgeWest is able to offer VAT-registered Italian shelf companies headquartered in Italian major cities per the requirements of the clients.
BridgeWest can offer detailed information how to open a company in Italy.Tweet
STEPS FOR COMPANY FORMATION IN ITALY
1) Upon deciding to form a company in Italy, the client must provide a name for the future company and also details on the shareholding structure. The registration of an Italian co ... [More]