Banking solutions in Italy
In Italy, there are three categories of credit institutions and banks. The most frequent are commercial banks, which comprise three national banks, chartered banks, cooperative banks, and private banks throughout the country. Additional financial services are provided by provincial or regional savings banks, as well as investment organizations that issue bonds and provide medium- and long-term finance for public works and agriculture.
Open bank account in Italy
We’ve assisted our clients in developing and implementing strategies in response to new digital business models, increased competition, and changing legislation. Our banking consulting teams have an unrivaled knowledge of mergers and acquisitions, information technology, organizational efficiency, and a variety of other topics.
Types of bank account
The first decision you must make in Italian banking is whether you want a resident or non-resident account. If you’re only intending to stay in Italy for a portion of the year – say, if you’re only buying property to rent out – a non-resident account may suffice. However, if you want to spend a significant amount of time in Italy, you should consider opening a resident account. You don’t have to be an Italian citizen to obtain one; all you have to do is live in the country.
Personal bank account
We’ve built a banking network and competence that allows us to open separate bank accounts for each of the clients who have signed up with us. The bank, however, has the final say on whether or not to open an account.
Corporate bank account
We provide banking support services. Depending on the client’s preferences, they can establish an account with any bank they like or choose one of our suggested banks, which are part of the greatest worldwide overseas branch network and internet banking service.
Trading bank account
Finance professionals can assist you in selecting the right profile for your trading needs In Italy. They will also complete the application forms and fulfill any other obligations on your behalf before submitting to the bank.
Requirements
The following are the basic paperwork needed to create a bank account in Italy:
- A valid driver’s license or passport,
- A tax code in Italy (Codice fiscale),
- An authorization to stay,
- Employment or self-employment proof (e.g., work contract, income tax return, etc.),
- Compliance with the Anti-Money Laundering (AML) regulations.
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