31 October, 2024

Starting a Family Business in Italy: Legal Structures and Tax Benefits 

Italy has a rich tradition of family-owned businesses, from small local enterprises to globally recognized brands. For foreign investors interested in launching a family business in Italy, the country offers a range of flexible legal structures, such as the S.r.l. (limited liability company) and the Società Semplice (simple partnership), which provide control over governance while shielding personal assets. Tax benefits also make family businesses attractive: reduced inheritance taxes and specific incentives for passing business ownership to heirs encourage continuity across generations. Setting up a family business in Italy, however, requires meticulous planning to navigate Italian inheritance laws and succession planning, especially since Italian tax law treats intra-family business transfers with specific advantages but also potential complications. Consulting with experts ensures the business structure aligns with family goals, long-term profitability, and Italian compliance requirements.

 

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