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Company Searches International provides Business Reports on all registered businesses in Italy and Financial Reports on all companies required to file.
Full Company Name and Address are required to undertake a search, because of the local nature of registration we need to know which region the company is registered in.
Financial Information
a)From an in-house library which we can check at the time of order. We have a number of quoted company annual reports in house which may be in English.
b) We can obtain the full accounts direct from our correspondent in Italy. These will be provided in Italian with a word for word translation sheet provided.
Business Reports
These are general company profiles based on the most up to date information
available at local official registries and other sources. They are always available in
English, on a three speed service.
Contents of a Business Report:
Identity, Legal Status & History
- Legal Form
- Date & Place of Creation
- Trade Code
- Registration Number
Ownership & Management
- Issued Share Capital
(but NOT Shareholders - This information is not legally available in Italy)
- Directors
- Ultimate Holding Company
- Associated Companies
Activities & Operations
- Nature of Business
- Premises (where they are, & any branches/factories subject may have)
- Number of Staff
- Markets Abroad
- Protests & any Detrimental items.
Financial & Public RecordInformation
- Turnover/Profit & Loss figures where available for last 3-4 years.
- If filed, extracts from the profit & loss and balance sheet for anything up to the last
3 years.
- Ratios.
A Summary & Credit Opinion
- Credit Opinion in Lira given.
- Opinion on Company's Payments/Liquidity/Commercial Morality given.
- Bankers
Principal Business Types
Societa per Azioni (SpA)
Corporation/Joint Stock Companies. Must have a minimum capital of 200m lire. As shares are easily traded SpA is the business type preferred by large enterprises with high capital requirements.
Societa a Responsibilita Limitata (Srl)
Private limited liability company. With a minimum capital of 20m lire.
Societa in Accomandita per Azioni (saa)
Limited partnership. One or more general partners who have unlimited liability for debts and one or more limited partners whose liability is limited to their share of capital.
Societa in Nome Collettivo (snc)
Unlimited Partnership. The partners have unlimited liability for debts. There is no minimum limit for the capital but it cannot be made up of shares.
Societa in Accomandita Semplice (sas)
Limited Partnership. Similar to s.n.c. but there are two types of partners; those who have unlimited responsibility for debts and those who are responsible only for their share of the debts.
Impresa Individuale
Sole Proprietor. An individual can form a Sole Proprietorship as long as it is registered in the public register of companies.
Company Accounts Filing Requirements
All limited liability companies must lodge a copy of its articles of association and a list of its directors to the Register of Business Enterprises at the local court or 'tribunale'. The annual financial statements have to be filed as well by and these must include:-
- detailed directors' report
- balance sheet
- profit and loss account
- auditor's report for all SpA and SRL companies with a capital of over 100 million lire.
Consolidated accounts only have to be filed by quoted companies.
These documents are open to public inspection at the local Register of Business
Enterprises.
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