As a Non-EU citizen, you can enter Italy for up to 90 days within any 180-day period as part of the Visa Waiver Program, or with the relevant Visa. If you wish you stay beyond 90 days, you must have a Visa that allows you to be compliant with Italian immigration laws. If stopped, you risk a fine, or worse, a ban from entering Schengen for a certain period of time. Regardless of your nationality, if you stay beyond 90 days without a Visa, you are illegal.
Therefore, if you wish to live and/or work legally in Italy beyond 90 days, as a Non-EU citizen, you must apply for the relevant Visa. Here is a brief overview of your options:
Work Permit: You may obtain a work permit through
1) an intracompany transfer
2) meeting the criteria for a highly qualified position
3) within the quota system as an employee or self-employed professional (this can be challenging, but not impossible). Most employers are not willing to sponsor a work permit, but some will.
Start Up Visa: Since June 2014 a streamlined, fast-track procedure for Self-Employment Visa applications is in place for foreign entrepreneurs willing to establish innovative business companies in Italy.
Owning a Corporation in Italy/EU Program
Luminosa Global Inc. and Great Italy Ltd have joined forces to create an outstanding program the will allow non EU-Citizens to set up corporations in Italy in a very short period of time and enjoy all the benefits that owning and starting a business imply in Italy/EU.
We handle all the necessary steps for you, we handle all the logistics, all the legal procedures and paperwork, we hand in a completed product with physical address and ready to operate. With a very reasonable fee Luminosa Global and Great Italy are offering high-quality large array of services that will make your dreams of owning a business in ITALY/EUROPE a reality.
Italy Company Formation
In principle, NON EU foreign investors can open a company in Italy subject to the condition of reciprocity. Verification of the condition of reciprocity can be done through Country Reports the issued by Italy’s Ministry of Foreign Affairs.
Verification of the condition of reciprocity is not necessary when the foreign investor:
is a citizen of a country that has an international agreement with Italy It should be noted that Italy has such agreements with most of the countries.
Italy’s corporate law primarily differentiates between limited liability companies and partnerships.
Italy Limited Liability Companies
In Italy, there are two main types of limited liability companies:
Private Limited Companies by Quotas (società a responsabilità limitata or S.r.l.) including “Traditional S.r.l. or “S.r.l.” and “Simplified S.r.l.” or “S.r.l.s.”);
Public Limited Companies by Shares (società per azioni or S.p.A.).
Limited liability companies are generally characterized by:
Limited liability for the company owners, i.e. each owner’s liability is limited to the cash or assets he/she has contributed to the company;
Separation of ownership and managing powers; hence the owners of the company are not necessarily also the directors of the company, and directors are not necessarily company owners;
Freely transferable shares;
Need to have at least one shareholder and one director.
In Italy, there are two main types of partnerships:
- Società in nome collettivo or S.n.c., and
- Società in accomandita semplice or S.a.s.
Partnerships (società in nome collettivo or S.n.c. and società in accomandita semplice or S.a.s.) are generally characterized by:
- Unlimited joint and several liability of the partners for the company’s obligations;
- Each partner acts as a director of the company with managing powers;
- Non-transferability, either inter vivos or mortis causa of the partner status except whereby authorized by all other partners.
- Need to have at least two partners;
How to do it.
Clients send all the necessary information with regards to the Corporation/Company they intend to open up in Italy:
–Name of the Corporation/Company
–Type of industry
–Copy of the Passport.
Clients will be given a ” Codice fiscale” which equates to a Social Security Number here is USClients will have to physically come to Rome to sign the official documentation by a notary and open up a business account with a local bank.
Ask us about details of the Owing a Corporation in Italy/EU program
Italy Company Formation – Luminosa Global – Great Italy
Call Us 📞 🇱🇷US (001) 312-217-6730
🇮🇹ITALY email email@example.com
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