Italy

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Operating a Business in Italy

Types of companies and capital (max/min)	Number of partners/shareholders and liability	Registration fees
La Societa a responsabilita limitata (SRL) is a limited liability company. EUR 10,000 minimum, 3/10 fully subscribed and paid up at the creation of the company.	no minimum number : 1 partner for an SRL of one person. Liability is limited to the amount of capital contributed.	EUR 168 (registration tax) + EUR 155 (registration at the Chamber of Commerce) + EUR 200 (fees).
La Societa per azioni (SpA) is a public limited company EUR 120,000 minimum, 3/10 fully subscribed and paid up at the creation of the company.	minimum 2 shareholders. Their liability is limited to the amount of capital contributed.	EUR 3,000
La Societa in nome Collettivo (SNC) is a general partnership no minimum capital.	minimum 2 partners Their liability is joint and indefinite.	Fees less than those of an SRL
La Societa in Accomandita Semplice (SAS) is a limited joint-stock partnership . no minimum capital.	There are two types of partners, the active partners and the silent partners. The liability of the active partners is unlimited.	Fees less than those of an SRL
La Societa Cooperativa (SC) is a cooperative society. no minimum capital.	minimum 9 partners Their liability is limited or unlimited according to the Articles of Association.	Fees less than those of an SRL

Business setup procedures: The Articles of Association must be drawn up in a deed authenticated by a lawyer.They must be filed within 30 days of being drawn up with the Company Register, then with the local Tribunal of the province where the company has been formed. Registration with the local Chamber of Commerce is also required and an advertisement in a journal of legal notices.
The competent organization: The administrative procedures must be analysed by a legal affairs office of the Ministry of Justice.

The activity of the company is subject to abilitazioni (certificate of professional aptitude), to autorizzazioni o licenze (licenses) and to the denuncia di inizio attività (declaration of beginning of activity).
Chambers of Commerce provide companies with support services in training and internationalization and gather necessary economic information concerning aspects of entrepreneurial activity.

Legal weekly duration: 40 hours.
Retirement age: 65 with a minimum of 25 years' contributions.
Working contracts: The work contract is governed by legal provisions and to a lesser extent by collective agreements.
The work contract, conditions of hiring and dismissal are quite strict.

There are open-ended contracts, fixed term contracts, or contracts for specific tasks or occasional services.

Minimum wage: There is no legal minimum wage.
Average wage: About EUR 1,100/1,200 per month. It is one of the lowest in Europe.
Social contributions: Social security contributions paid by employers: 30 %
Social security contributions paid by employees: 10%

Unions: Unione italiana del lavoro
Confederazione generale italiana del lavoro (CGIL)
Confederazione italiana sindacati dei lavoratori (CISL)
Unionization rate: Between 70 and 79%.
Labor regulation bodies

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