Three tenths of the paid up capital must be paid into a special bank account before incorporation takes place. The tax code together with the identity documents of the responsible persons must be shown when a bank account is opened, and for buying or leasing cars or offices. Incorporation requires the presence of quotaholders or shareholders or their representatives, and nominated directors. Shelf companies Shelf companies are rarely available, although they may sometimes be obtained by inquiring about shelf companies at local chambers of commerce. Branches Because the tax treatment of branches is uncertain, branches are seldom used for inward investment.
Exceptions are banks and insurance companies which do invest through branches.
The corporate tax is payable by Italian companies as well as branches of foreign companies which carry on business in Italy. Italian companies are liable for Italian corporate tax on their worldwide income, and foreign companies doing business in Italy are liable for Italian tax on Italian-source income. United Kingdom United States USSR Venezuela Zambia Funding the investment Equity capital may be raised on the Milan Stock Exchange .