What is SRL and SRLS (Italy)?
The SRL (società a responsabilità limitata) is the default Italian company form. Share capital can be as low as €1, and below €10,000 it must be paid in full in cash. The SRLS (SRL semplificata) is open to natural persons only.
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Example
Two founders form an SRL with €1 of share capital paid in cash. A single founder forming an SRLS uses a standard deed and capital between €1 and €9,999.
How SRL and SRLS (Italy) works in Italy
An SRLS is open to natural persons only, uses a standard deed and has capital from €1 to €9,999. The minimum capital for an SpA (società per azioni) is €50,000 under Civil Code article 2327, which needs a check against the Civil Code before you treat it as settled. Other forms Finn recognises are the snc, the sas, the ditta individuale and the branch of a foreign company.
Incorporation, ComUnica filings and any deed before a notary stay manual. AccountsOS does not submit to the Registro Imprese. A commercialista or notary should confirm formation choices.
Related terms
The partita IVA is the 11-digit Italian VAT number. The codice fiscale has 11 digits for companies and 16 alphanumeric characters for people. The codice destinatario used for e-invoicing has 7 characters.
The bilancio d'esercizio is the annual accounts of an Italian company. The shareholders approve it within 120 days of year-end, or within 180 days where the bylaws give a reason, and it is deposited at the Registro Imprese within 30 days of approval.
IRES (Imposta sul Reddito delle Società) is the national corporate income tax paid by Italian companies. The rate is 24% of taxable profit. Companies also pay IRAP, a separate regional tax, so the total burden is higher than 24%.
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