Save On Italy Company Incorporation Costs.
Do you want to start your activity in Italy, but you don’t want to spend around 15.000 Euro to incorporate a limited company with sole ownership? We have the solution.
Panama anonymous companies are legal entities endowed with perfect patrimonial autonomy, just as any Italian SRL company and as such can be registered as a branch in any of the Chambers of Commerce in Italy, just as a European or extra-European company as per article 2508 of the Italian Civil Code.
Any accountant can register your branch and will allow you to save around 70-80% of the cost of incorporation of a limited company with sole ownership. Once the company has been registered at a Chamber of Commerce and has received its VAT number, it will be subject to the Italian legislation as a branch of the Panamanian company and it will have subject to all the obligations set by law.
Moreover, you won’t be subject to any income tax on operations done outside Panama. For this reason if you want to operate outside Italy, it will be more convenient to use the Panamanian Company. In any case the legal representative of the Panamanian company will have to submit an annual income tax return in Panama and the legal representative of the Italian branch will have to submit an annual income tax return in Italy.
If you want to save on Italy company incorporation costs, contact ISOG lawyers and attorneys at law who can tell you exactly what to do.