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flag Italy Italy: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

La Societa a responsabilita limitata (SRL) is a limited liability company.
Number of partners: no limitations in the number of partners
Capital (max/min): EUR 10,000 minimum, 3/10 fully subscribed and paid up at the creation of the company.
Shareholders and liability: Liability is limited to the amount of capital contributed.
La Societa per azioni (SpA) is a public limited company
Number of partners: no limitations in the number of partners
Capital (max/min): EUR 120,000 minimum, 3/10 fully subscribed and paid up at the creation of the company.
Shareholders and liability: Their liability is limited to the amount of capital contributed.
La Societa in nome Collettivo (SNC) is a general partnership
Number of partners: no limitations in the number of partners
Capital (max/min): no minimum capital.
Shareholders and liability: Their liability is joint and indefinite.
La Societa in Accomandita Semplice (SAS) is a limited joint-stock partnership .
Number of partners: no limitations in the number of partners. There are two types of partners, the active partners and the silent partners.
Capital (max/min): no minimum capital.
Shareholders and liability: The liability of the active partners is unlimited.
La Societa Cooperativa (SC) is a cooperative society.
Number of partners: no limitations in the number of partners
Capital (max/min): no minimum capital.
Shareholders and liability: Their liability is limited or unlimited according to the Articles of Association.
The Competent Organization
The administrative procedures must be analyzed 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.

Search a Company or a Financial Report
Info Camere
 
Setting Up a Company Italy OECD
Procedures (number) 6.0 5.0
Time (days) 6.0 12.0

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Italy.
Infocamere, only in Italian.

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The Active Population in Figures

201120122013
Labor force 25,080,00025,280,00025,740,000

Source: CIA - The world factbook

 
200920102011
Total activity rate -49.10%48.40%
Men activity rate 60.60%59.60%59.60%
Women activity rate 38.40%37.70%37.90%

Source: UN - United Nations

 
Employed Persons, by Occupation (% of Total Labor Force) 2008
Manufacturing 20.5%
Real Estate, Renting and Business Activities 11.2%
Construction 8.4%
Health and Social Work 7.1%
Education 6.8%
Transport and Storage 5.5%
Hotels and Restaurants 5.0%
Agriculture, Hunting and Forestry 3.7%
Households with Employed Persons 1.8%
Electricity, Gas and Water Supply 0.6%
Mining and Quarrying 0.2%

Source: International Labor Organization (ILO)

 
For Further Statistics
Ministry of Labor
For Further Information About the Labor Market
National agency for investment development

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Working Conditions

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.

Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labor

Minimum Wage
No minimum wage exists.
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%

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Social Partners

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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Last Updates: November 2014