The transformation of a company consists in a change of the legal form of a company.
There are several reasons leading one company to get into this transformation. The most common are to expand in size, to make larger investments or to benefit from a different tax regime.
Under Italian Law, the transformation is registered as an amendment of the company’s deed of incorporation. Usually the transformation is from a limited liability company (S.r.l.) to a joint-stock company (S.p.A.) (see the differences).
Requirements
• Resolution of the company’s governance;
• Balance evaluation of the company;
• Public deed;
• Entry in the Italian Register of Companies.
The transformation does not indemnify the new entity from all pending obligations. Indeed, it is possible, for creditors, to oppose the transformation in court within 60 days.
The transformation generally involves complex procedures that lead the company to a new name and also to a different business purpose. For this reason, the assistance of an Italian corporate lawyer is highly recommended.
VGS Lawyers can help you with these procedures step by step as well as assist you to set up a company in Italy. For further information please contact us or leave your contact details in the Contact Form and you will be contacted within 24 hours.