Corporate Banking Structure

SRH International assists our Clients with opening a corporate bank account in Italy. Our experienced banking team will prepare all requisite documentation on your behalf and submit them to the bank. We will also attend the bank interview on your behalf. To find out more about Italy business banking, please read the information below.

Italian banking

SRH International banking services

Opening an Italian corporate bank account

    bnp paribas

  • Due to the poor state of Italian banks, SRH International currently recommends our Clients to rather choose global banks including i) Deutsche Bank ii) BNP Paribas and iii) Barclays for Italian corporate bank account solutions;
  • Documents required to open an Italian corporate account include i) a passport ii) a proof of address iii) a tax identification code iv) a certificate of incorporation for the company and v) a certificate of good standing for all owners holding over 20% of the company’s share capital;
  • Indicative yearly costs for banking services are: i) bank account maintenance fees – €30 ii) business credit card – €30 iii) international banking transfers – €25 + 0.3% commission iv) checkbook – free v) ibanking services – free;
  • Non-UE resident individuals may open a nonresident bank account, but only foreign currencies may be deposited. Documents required include: i) a valid passport and ii) a tax identification code (also issued to non-residents in Italy).

Trade finance

Exchange controls and other regulations

  • Although Italy does not have exchange controls, notification must still be provided to the Central Bank for monetary transfers over €12,500. This is done to disrupt money laundering activities;
  • All Italy-resident businesses and individuals must disclose their assets detained abroad to the authorities or are subject to a fine representing up to 15% of assets for each year undeclared. Trust beneficiaries, individual shareholders with over 25% of a company’s capital share and other “beneficiary owners” are also affected by this regulation.