In Italy, entities are required to maintain adequate bookkeeping records, including a copy of all supporting documentation. Italy adopted the International Financial Reporting Standards (IFRS).
YourGlobalPro professionals can assist you with the entire bookkeeping and accounting services for your Italy Business Set up as per your business needs including implementation of financial accounting software, accounting records preparation and time to time preparation of budgets, forecasts.
In Italy audit of the financial statements is done in accordance to Article 2409 b is of the Italian Civil Code and Auditing standards issued by the Italian Association of Audit Firms, the Italian Institute of Chartered Accountants.
Based on the size of the business – the companies are required to prepare and file financial statements with the Authority. YourGlobalPro professionals provide you auditing services as required by your business.
The documentation requirement differs from Bank to Bank and need to be complied for the Bank account opening. Before proceeding with opening Bank Account with Bank, it is recommended to compare commission rates for money transfer to and from Italy. The Bank of Italy stabilizes money supply and supervises banking and credit institutions in Italy.
The major banks in Italy are Nuova Banca di Credito di Trieste, Cassa di Risparmio di Padova e Rovigo, Credito Italiano, Bank of Italy, Banca Commerciale Italiana, Banca di Roma, Banca Nazionale del Lavoro, Banche di Credito Cooperativo BCC, Cassa di Risparmio di Firenze, Cariplo, Banco di Napoli. All banks are stable, reliable and offer the same level of services.
YourGlobalPro professionals can facilitate all the paper work in relation to banking need and can assist you in opening bank account for your business plan in Italy.