Milan · ItalyWONE Global Partner · Italy
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Illustrative cross-border scenario · Moving money across borders
Illustrative case study showing how a business objective can be coordinated across countries, capabilities, responsible professionals and milestones.
Moving money across borders: Italy ↔ Ireland delivery programme. An illustrative scenario showing how WONE Global coordinates the countries and areas of expertise involved. It does not describe a specific client engagement.
- 2
- areas of work
- 2
- markets
- Multidisciplinary alignment
Scope
Markets and services involved
Markets
Services
Coordination
How the work is sequenced
- 1WONE Global works out the goal with the business: countries, expertise, order of work and risks.
- 2The WONE Global lead in each country and area of expertise is introduced, after conflict checks.
- 3The firms work in a sequence agreed up front, briefing each other and handing over properly.
- 4Your WONE Global contact keeps track of the whole project until it's done.
WONE Global Partners
Who would handle it in these markets
Named leads where they exist today; everything else arranged by WONE Global on request, with the name confirmed before work begins.
Milan · ItalyWhat the guides say
The two markets in this matter
The essentials of each market on the topics this kind of work turns on.
Italy
Essentials · source-checked
- Corporate income tax
- IRES 24% plus IRAP 3.9% (standard)
- VAT
- 22% standard
- Main entity form
- S.r.l., minimum capital EUR 1
- Foreign ownership
- Open to EU and non-EU investors; golden power review for strategic assets
- Data protection
- GDPR plus Legislative Decree 196/2003; regulator: Garante
- New York Convention
- Party since 1969
Ireland
Essentials · source-checked
- Corporate income tax
- 12.5% trading income; 25% non-trading income
- VAT
- 23% standard; 13.5% and 9% reduced
- Main entity form
- Private company limited by shares (LTD); one director plus separate secretary
- Director residence
- One EEA-resident director or a EUR 25,000 section 137 bond
- Foreign investment screening
- Screening of Third Country Transactions Act 2023 in force from 6 January 2025
- Data protection
- GDPR and Data Protection Act 2018; Data Protection Commission
| Topic | Italy | Ireland |
|---|---|---|
| Establish & Structure | Foreign investors usually choose a limited liability company (S.r.l.) or a joint stock company (S.p.A.), both formed through a notary and registered in the Business Register. Capital requirements are low for an S.r.l. and higher for an S.p.A., and formation… Read more | Most foreign investors incorporate an LTD with the Companies Registration Office or register a branch of the parent. The LTD has no stated minimum capital on the CRO page, but officer rules matter: a separate secretary is needed where there is one director… Read more |
| Tax & Statutory | Companies pay IRES at 24 percent and regional IRAP, generally at 3.9 percent. VAT is 22 percent with structured e-invoicing through SdI for domestic transactions. Read more | Ireland taxes trading profits at 12.5% and passive income at 25%, with the 15% Pillar Two minimum for large groups. Dividends carry 25% withholding unless an exemption declaration is in place, and VAT is 23% at the standard rate. Read more |
| People, Payroll & Mobility | Italian pay is set mainly by sector collective agreements rather than a statutory minimum wage. Severance (TFR) accrues for every employee, and non-EU hiring runs through annual quotas. Read more | Employers must give written core terms within 5 days, pay at least the national minimum wage and register with Revenue for PAYE before paying staff. Auto-enrolment into a state-backed pension started in 2026. Read more |
| Banking, Treasury & Payments | Banks are supervised by Banca d'Italia within the European Single Supervisory Mechanism. Banks and other obliged entities report suspicious transactions to the UIF, so expect thorough know-your-customer checks when opening accounts. Read more | Banks and payment firms apply customer due diligence under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, and must screen against EU sanctions. Payment and e-money firms need Central Bank authorisation. Read more |
| Disputes, Enforcement & Exit | Italy is a New York Convention state and recognises EU judgments under Brussels I bis without special procedure. Mediation is a precondition to court action in several commercial areas. Read more | High-value commercial disputes go to the Commercial Court, a list of the High Court with active case management. Arbitration is governed by the Arbitration Act 2010 and courts actively encourage mediation. Read more |
Our full guides are checked against official sources. Guides drafted with AI are marked as such. None of this is legal or tax advice.
WONE Global Intelligence
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