Management of Italian Branches or Subsidiaries of Foreign Companies
Our firm has accumulated decades of experience in the establishment and management of branches and subsidiaries resident in Italy as Italian divisions of foreign companies.
In particular, the firm is able to offer advice and assistance for all the needs of a foreign company's headquarters:
- Establishment of a branch or subsidiary
We offer advice on the choice of company, tax code applications for foreign entities, preparation of articles of association and documentation to be apostilled, contacts with Italian notaries, and participation in the deed, including by direct power of attorney.
- Tax advice on VAT, IRES, and IRAP
We can support you with all tax issues, whether they concern VAT, IRES, or IRAP. The firm has extensive experience in these matters.
- Administrative and tax management
We can take care of all accounting and administrative aspects, from issuing and receiving invoices to accounting records and financial statements, including IFRS where applicable, and Italian tax returns.
- Management of bank payments with multi-level authorizations
We can also manage payments to suppliers and employees through your current account using two-level authorization systems (level 1 requests, level 2 authorizes).
- Payroll management for employees
We can provide full support for the payroll management of your employees and their expense reports. We process their payslips, keep the accounting books, manage relations with social security and tax authorities, and prepare the end-of-year certification of employees' income and the relevant tax return.
- Payroll management for expatriates
We also have experience in managing employees of parent companies seconded to Italy, calculating their benefits, and managing their social security.
- Reporting to the parent company
We offer a monthly or quarterly reporting service to the parent company in English, which can include, in addition to the financial statements, other more detailed documents.
- Transfer pricing
We prepare the Italian Country File, analyzing transfer pricing policy data, detailed functional analysis of selected entities, benchmarking, local documentation, assistance during tax audits and throughout the entire procedure before the tax authorities and tax commissions.
- Assistance in litigation with Italian tax authorities
We assist clients in all stages of litigation with the Italian tax authorities, from initial contacts and attempts at settlement to actual appeals before the Tax Courts.
- Cessation of activity and dissolution of the branch or subsidiary
We can provide full support for the dissolution of the company and the cancellation of the branch, including the preparation of documentation to be apostilled, contacts with the Italian notary, and participation in the deed, including by means of direct power of attorney.
- Consultancy for mergers and acquisitions and other extraordinary transactions
Mergers, acquisitions, demergers, contributions, transfers, and leases of businesses are all extraordinary transactions that we are able to analyze, construct, and implement, taking care of all aspects of corporate and tax law, including employee transfer arrangements.