Company Report | Italian Business Register

CO. REGISTRATION REPORT: WHAT IS THAT?

In order to carry out an economic activity as a business (sole trader or company) in Italy it is compulsory under the law to register with the Business Register (held by the Italian Chambers of Commerce) in the province where the business is based. The Company Registration Report (a.k.a. Company Profile) is an information document containing all the details regarding the business registered: legal information and personal details regarding the business. This is a very important official document: in fact, the Company Registration Report is the best way to verify the social and economic status of an activity and, therefore, evaluate its solidity and reliability before proceeding with a major purchase or investment.

Co. Registration Report: what it contains?

The Company Registration Report contains the personal, legal, economic and tax information for a business, as found in the Italian Business Register. It contains data on the company, including references to registration, name, details, contacts, address of the registered office, PEC (Certified E-mail), registered office, tax code/VAT registration number, legal form, date of foundation, corporate aim and partnership capital, activities carried out, quality certificates, certifications, administrative positions, control positions and qualifications, corporate bodies, owners and partners with relevant quotas, registers, roles and licences, secondary offices and local units.

FOR A SAMPLE OF A COMPANY REGISTRATION REPORT (FAC-SIMILE), SEE HERE.

CO. REGISTRATION REPORT: WHAT MAY IT BE USEFUL FOR?

The Company Registration Report is the equivalent, in English language, of the ordinary Italian Company Profile, always prepared in accordance with the standard format and at the same cost. It can help Italian import-export companies to illustrate their activities to foreign State Administrations or Authorities, but also foreign companies that want information on Italian companies. With Company Registration Report it is avoided to the user any translation duty from the Italian version.

CO. REGISTRATION REPORT: ITS PURPOSE, ITS GOAL

The Company Registration Report guarantees that the business actually exists, and legally publicises all the documents that relate to it, allowing citizens to obtain specific information and assess its solidity.

Notarial Deeds

The Company Registration Report (Company Profile) in Italy is necessary to support several notarial deeds (e.g. trade law deed, corporate law deed, preliminary purchase agreement, separation of assets, power of attorney, urban development agreement, mortgage financing, mortgage discharge or reset...).

Activity status

The Company Registration Report (Company Profile) is useful to verify the activity status of a company (active, inactive, suspended, cancelled, in operation, winding-up, under controlled administration, bankrupt, gone out of business, etc.).

Administrative Body

With the The Company Registration Report (Company Profile) it is possible to identify the type of administrative body (sole director, board of directors, ...) and the names of the legal representatives and partners.

Powers of Managers

The Company Registration Report (Company Profile) is useful to learn the powers of managers, the delegated powers and powers of attorney and signature and operation assigned to the corporate officers.

Headquarters and local branches

The Company Registration Report (Company Profile) is useful to identify the registered office of a company - usually the place where the company has the administrative center of its business - , the operational headquarters (if any) and the secondary offices, together with the local branches.

Activity and Staff

The Company Registration Report (Company Profile) is useful to verify the type of activity, primary and/or secondary, for which the company was founded and operates, according to the NACE code, an international classification system for economic activities, used by the European Community. In the section "Employees" are also indicated number and type of staff.

Company certifications

The Company Registration Report (Company Profile), in the section "Economic activity, enrollment in professional registers and quality certifications", shows any certifications regarding Quality, Environment and Safety (Quality certifications, Organic food operators, Legality ratings, Health and safety at work, Information security, IT services, Food security, ...).

Clients, Commercial Partners, Suppliers

The Company Registration Report (Company Profile) is useful to obtain information on a new customer, on a commercial partner or on a supplier, when assessing a lessee for a commercial lease, when assessing a construction company from whom you are about to purchase a building.

CO. REGISTRATION REPORT: WHO NEEDS IT

Companies and business people

To get economic and legal information about other supplier companies, competitors, prospective partners. To control the powers and restrictions of other companies with which they will do business.

Accountants and notaries

When they have to draw up documents involving legal entities, but also individuals.

Citizens and anyone else

Who wishes to obtain publicly available information on companies and private individuals.

NOW IT'S EASIER TO KNOW AN ITALIAN COMPANY ABROAD

With the Company Registration Report (in English language) it's easier for a foreign operator to learn the legal situation and main economic information of an Italian company: he will be able to obtain, on line, a document that is certainly more comprehensible and reliable for him, as it comes from an official source, the Italian Business Register.

Italian companies involved in import-export activities will be facilitates when they have to provide the documentation required by foreign authorities. The ability to obtain a Company Registration Report without having to obtain a sworn translation is, in effect, a saving both in time and money for the company.

An additional advantage of the new documents in English is the presence on the first page of the "QR Code", the identification code thanks to which anybody can verify, directly from their smartphone or tablet (as well as from a PC) that the document in their possession corresponds with the one on file at the Business Register at the time it was extracted. The service is particularly economical, as there are no translation costs: Company Registration Reports in English actually cost the same as the reports in Italian.

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