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ITA: A new kind of LTD (SRL) - easier and more cost-effective

05-21-2012 07:58 PM CET | Politics, Law & Society

Press release from: bunk-alliance Rechtsanwaltsgesellschaft mbH

ITA: A new kind of LTD (SRL) - easier and more cost-effective

Monti Government has changed the set of norms relating to the establishment of a LTD in Italy. The antecedent norms were not business-friendly.
A quite time-consuming and expensive procedure was a relevant disincentive to establish a limited company in Italy. Now, if one of the shareholders is younger than 35, the paid-up capital is only 1 euro.

But the most important change was made with regard to the procedure and its costs:
Previously, it was necessary to have recourse to a notary when drafting the company’s statute; this is not needed anymore, and the related costs decreased by more than 70%. Now, with less than 500 euros, it is possible to start your own LTD (SRL) in Italy.

The law firm was established in 2003 by Dr. Artur Bunk, an Attorney-at-Law. Qualified in 1995, he was admitted to the Frankfurt Bar in 1997 after obtaining an LL.D. in European Law at the University Viadrina in Frankfurt (Oder). During his career he has worked with the German law firm Pünder, Volhard, Weber & Axster (now Clifford Chance), was Head of Office at Rödl & Partner in Poland, and Senior Legal Counsel at the Legal and Restructuring Department of KfW. In addition to German, he also speaks fluent English and Polish.

Our offices are based around 45 minutes from Frankfurt/Main International Airport in and approx. the same distance from Frankfurt City.

Thanks to the professional experience and background of our Principal and our Attorneys we are in a position to meet the highest requirements and expectations of international clients, which forms an integral part of our business philosophy, enabled us to establish a profound know-how base on international matters unmatched by law offices of comparable size and background. With our network of external consultants (auditors, tax advisors), we are well equipped to perform advisory services usually only found in much larger law offices. Our comparatively low overheads and flexibility enable us to provide our services on a competitive basis.
bunk-alliance has established a close cooperation with law offices in Italy, India, Poland, Slovakia, with auditors and tax advisory offices in Germany and Poland and various governmental agencies.

Office Worms
bunk-alliance
Goethestr. 15
67547 Worms
Germany

Phone: +49 6241 97249 0
Fax: +49 6241 97249 11

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