Business
The 2006 Company Act with higher capital thresholds than Italy
Companies are governed by Law 47/2006, which recognises the S.r.l. and the S.p.A. Licensing is a separate step: an operating licence must be granted before the business may trade.
Key rules
- The S.r.l. and S.p.A. each require substantial minimum capital, fully subscribed on formation.
- A separate operating licence is required in addition to registration in the company register.
- Company officers must satisfy fit-and-proper requirements verified on licensing.
Governing law
- Law 47/2006 on companies
- Law 6/2019 on business activity and licences
In practice
The licence, not the incorporation, is the practical bottleneck, and it is granted for a defined activity at a defined premises.