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Italy
Italy Culture, History, and Politics
Italy, a country with a long Mediterranean coastline, has a population of more than 60 million with a rich, historical, and globally popular culture in arts, architecture, food, and music. Its major tourist attractions include cities such as Rome, Venice, and Florence, which are amongst the oldest cities in the world. It is home to popular landmarks such as the Vatican and various architectural sites such as the Coliseum, the Leaning Tower of Pisa, and the Basilica. The political climate of the country is currently a little tense given the existence of a caretaker government as Italians await new elections. A power struggle between the populist coalition which won the March elections and the pro-EU politicians has resulted in a standoff with the government, with Italy’s president rejecting the populist choice for finance minister.
| 2021 | |
| April 5 | Easter Monday |
| April 25 | Liberation Day |
| May 1 | Labor Day / May Day |
| June 2 | Republic Day |
| August 15 | Assumption of Mary |
| November 1 | All Saints’ Day |
| December 8 | Feast of the Immaculate Conception |
| December 25 | Christmas Day |
| December 26 | St. Stephen’s Day |
- Artigiano (Artisan)
- Lavoratore autonomo (Independent worker)
- Libero professionista (Professional)
- Imprenditore
- S.s. (Società semplice)
- S.n.c. (Società in nome collettivo)
- S.a.s. (Società in accomandita semplice)
- S.p.a. (Società per azioni)
- S.a.p.a. (Società in accomandita per azioni)
- S.c.p.a. (Società consortile per azioni)
- S.c.a.r.l. (Società consortile a responsabilità limitata)
- S.r.l. (Società a responsabilità limitata)
- S.c.r.l. (Società cooperativa a responsabilità limitata)
- Corporate Tax: 27.9% (24% + 3.9% (municipal))
- Income Tax (Lowest Marginal Rate): from 23% (first €8,500 per year is deductible) to 43%
- Income Tax (Highest Marginal Rate): 47% (43% income tax + 4% special added tax)
- VAT/GST/Sales Tax: 22% (standard rate), 10% (reduced rate), 4% (food and books)
- Banca Antoniana Popolare Veneta (Commercial Bank)
- Banca Cassa di Risparmio di Tortona (Commercial Bank)
- Banca Commerciale Italiana (Commercial Bank)
- Banca di Bologna (Commercial Bank)
- Banca di Credito Cooperativo di Brescia (Commercial Bank)
- Banca di Credito di Trieste (Commercial Bank)
- Banca di Roma (Commercial Bank)
- Banca Nazionale del Lavoro (Commercial Bank)
- Banca Passadore & C. (Commercial Bank)
- Banca Popolare Asolo e Montebelluna (Commercial Bank)
- Banca Popolare dell’Emilia Romagna (Commercial Bank)
- Banca Popolare di Bergamo – Credito Varesino (Commercial Bank)
- Banca Popolare (Commercial Bank)
- Banca Sella (Commercial Bank)
- Banco Ambrosiano Veneto (Commercial Bank)
- Banco di Napoli (Commercial Bank)
- Banco di Sicilia (Commercial Bank)
- BNP Paribas (Commercial Bank)
- Cariplo S.p.A. (Commercial Bank)
- CariPrato (Commercial Bank)
- Cariri (Commercial Bank)
- CaRiSpo (Commercial Bank)
- Cassa di Risparmio di Torino – Banca CRT (Commercial Bank)
- Cassa di Risparmio di Udine e Pordenone (CRUP) (Commercial Bank)
- Cassa Rurale ed Artigiana di Cantu (Commercial Bank)
- Credito Bergamasco (Commercial Bank)
- Findomestic Banca (Commercial Bank)
- Fondo Interbancario di Tutela dei Depositi (FITD) (Commercial Bank)
- Intesa Sanpaolo (Commercial Bank)
- Mediocredito Centrale (Commercial Bank)
- Monte dei Paschi di Siena (Commercial Bank)
- UniCredit (Commercial Bank)
- Aareal Bank Ag (Foreign Bank)
- Abc International Bank Plc Milan (Foreign Bank)
- Akf Bank Gmbh & Co Kg (Foreign Bank)
- Alpenbank AG (Foreign Bank)
- Attijariwafa Bank Europe Italian Secondary Office (Foreign Bank)
- Banca Farmafactoring Spa (Foreign Bank)
- Banca Transilvania SA (Foreign Bank)
- Banca Ubae SpA (Foreign Bank)
- Banco Bilbao Vizcaya Argentaria SA (BBVA) (Foreign Bank)
- Banco Do Brasil SA – Brasilia (Foreign Bank)
- Bank Of America National Association (Foreign Bank)
- Bank Of China Limited – Milan Branch (Foreign Bank)
- Bank Of The Philippine Islands (Europe) Plc (Foreign Bank)
- Bank Sepah (Foreign Bank)
- Banque Populaire Cote D’Azur (Foreign Bank)
- Banque Psa Finance (Foreign Bank)
- Barclays Bank Plc (Foreign Bank)
- Bayerische Landesbank (Foreign Bank)
- Bhw Bausparkasse Ag (Foreign Bank)
- Binckbank NV (Foreign Bank)
- Bmw Bank Gmbh (Foreign Bank)
- Bnp Paribas Lease Group Sa (Foreign Bank)
- Bnp Paribas Securities Services (Foreign Bank)
- Bnp Paribas Succursale Italia (Foreign Bank)
- Bsi Europe SA (Foreign Bank)
- Carrefour Banque (Foreign Bank)
- Citibank International Plc (Foreign Bank)
- Citibank NA (Foreign Bank)
- Commerzbank Ag (Foreign Bank)
- Credit Agricole Corporate & Investment Bank (Foreign Bank)
- Credit Suisse (Italy) SpA (Foreign Bank)
- Credit Suisse Ag (Foreign Bank)
- Depfa Bank Public Limited Company (Foreign Bank)
- Europe Arab Bank Plc – Milan Branch (Foreign Bank)
- Fce Bank Plc (Foreign Bank)
- Hsbc Bank Plc (Foreign Bank)
- Hypo Alpe-Adria-Bank SpA (Foreign Bank)
- Hypothekenbank Frankfurt Ag (Foreign Bank)
- Industrial And Commercial Bank Of China (Europe) S.A. (Foreign Bank)
- Ing Bank N.V (Foreign Bank)
- Ing Direct N.V. (Foreign Bank)
- J.P. Morgan Securities Plc (Foreign Bank)
- Jpmorgan Chase Bank, National Association (Foreign Bank)
- La Compagnie Financiere Edmond De Rothschild Banque (Foreign Bank)
- Merrill Lynch International Bank Limited – Milan Branch (Foreign Bank)
- Morgan Stanley Bank International Limited – Milan Branch (Foreign Bank)
- Natixis S.A. (Foreign Bank)
- Nova Ljubljanska Banka D.D., Ljubljana (Foreign Bank)
- Portigon Ag (Foreign Bank)
- Societè Generale (Foreign Bank)
- Standard Chartered Bank (Foreign Bank)
- The Bank Of Tokyo – Mitsubishi Ufj, Ltd. (Foreign Bank)
- The Royal Bank Of Scotland Plc (Foreign Bank)
- Unicredit Bank Ag (Foreign Bank)
- Union Bancaire Privee (Europe) S.A. (Foreign Bank)
- Volkswagen Bank Gmbh (Foreign Bank)
Aadmi can support you with your expansion to Italy. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
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