Enter Italy with a US company. As is well known, in Italy the presence of US companies is very significant. These companies enter the EU market through Italy, for the good relations and commercial and cultural ties that the two states have. To enter Italy, the US operator can do it in different ways. The first method is to appoint a tax representative, who will operate on behalf of the foreign company, jointly with the purpose of paying taxes in Italy. To do this, the US operator may appoint an Italian company or a natural person as a representative.
Alternatively, if the US company decides to operate in complete autonomy in the Italian market (ie in the European market), it may constitute an Italian company, owned and controlled by the American operator, normally created under the form of SRL (limited liability company) or in the form of the SpA (joint-stock company).
To deepen this aspect, we explain what are the joint-stock companies that the American company can establish if it decides to have greater autonomy with respect to the case of the tax representative.
Joint-stock companies: compared to partnerships, joint-stock companies see a liability of the shareholder that is limited to his shareholding:
Limited liability company (S.r.l.): the company is liable for its obligations only to the extent of the part paid by the individual shareholders. Its constitution provides for a minimum share capital of 10,000 euros to be paid for 1/4 and requires a public deed.
- Simplified limited liability company (S.r.l.s.): the asset management is that of joint-stock companies in which the shareholder is only responsible for his share, but compared to a s.r.l. the times for its establishment are smaller, while the company capital must be between 1 and 9,999 euros.
- Società per Azioni (S.p.A.): the company achieves perfect equity independence and the participation of the shareholders is subdivided into transferable shares, while its management is assigned to directors. The profits are distributed among the shareholders in dividends and it is not possible to constitute a S.p.A. for the management of a non-profit activity. Among these we also have the (Sapa) or limited partnerships for shares, quite rare case in our system, different because there are two types of members: The limited partnership for shares (also known by the abbreviation Sapa) is a company of capitals where there are two types of members: Limited partners, which for social obligations only respond with the share conferred (therefore as a company, they have limited liability); The general partners, who for the social obligations respond personally and unlimitedly, even with their own money and not only with the money conferred in the sapa (as happens in the partnerships of people).
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