FOOD LAW IN ITALY ASSISTANCE
ITALY VAT REPRESENTATIVE

Accountants, Auditors, Tax Consultants, Lawyers in Italy




Export Invest in Italy 2018

 

info@italy-advisor.com

Italy-open-representative-office

prof.franceschin

SECONDARY SEAT OF FOREIGN COMPANY IN ITALY

Investing in Italy


Opening a Branch in Italy


The branch of a foreign company is a distinct unit of the company, nothwithstanding it is not legally an autonomous entity.


The branch benefits of decision making authority and organisational autonomy which is delegated from the mother company.

 

By a branch in Italy a foreign company can operate in Italy with a more cost-effective tool instead of a subsidiary. 


By a branch the foreign company can perform in Italy the same business as abroad (on the contrary this is not possible by a representative office of foreign company which cannot perform any production or sale activity, but just public relations ones).

 

The foreign company often appoints a local manager (called institore) to conduct the branch.

 

The branch is a permanent establishment under tax purposes, it has: 


- to keep accountancy books;

- declare income tax and VAT to tax authorities;

- file the annual report with the relevant Chamber of Commerce.

 

The director (Italian o foreign too) and legal representative of the branch (or institore) has to get the release of the Codice Fiscale (tax ID code) from Agenzia delle Entrare (Italian tax authority) or from Italian consulate abroad if he is a foreign not resident in Italy.

 

The documents have to be submitted for registration at Company Register or at Repertorio Economico Amministrativo by Single Notification (Comunicazione Unica) transmission are as follows:

 

- copy of the Memorandum and Articles of Association of the foreign company;

  • these documents must be authenticated by a public notary abroad in the state where the foreign mother company has been registered;
  • these documents must be also legalized by the Italian consulate, or apostilled, and translated into Italian by a sworn translator;

- original certificate of registration (not a copy) issued by chamber of commerce or ministry or tribunal abroad where the mother company has been registered;

  • this certificate points out who is the foreign company’s legal representative;
  • it must be also translated in Italian and authenticated by the Italian consulate or embassy; 

 - copy of the document which contains the declaration of the foreign company to open the branch in Italy; this document shall be authenticated by a notary, translated and apostilled in the state of the mother company, it shall also be filed by an Italian notary, it also include:

  • the address of the branch;
  • the person designated as director;
  • the management and representation powers entrusted to such designated person.

After registration has been done, the Agenzia delle Entrate (the Tax Authority) will release to the branch its own tax ID code (codice fiscale) and VAT code (partita IVA). 


Send a Query - Ask for Free Quotation

Italy VAT return reimbursement

  MILANO - ITALY

  Via Monti 8

  20123

  Tel. +39 02 87167377

  Fax +39 02 70047188

  info@italy-advisor.com

Italy VAT return

  PADOVA - ITALY

  Corso del Popolo 16

  35131

  Tel. +39 049 8256974

  Fax +39 02 70047188

  info@italy-advisor.com

Italy company formation

  LONDON - UK

  31A Thayer Street

  W1U 2QS

  Tel. +44(0)20 35296961

  Fax +39 02 70047188

  info@italy-advisor.com