Italy free zones in 2022

List of free zones in Italy

  • The Italian government operates one free trade zone: the Free Port of Trieste (northeast of Italy) and the Free Port of Venice;
  • Both these free zones are Control Type I, which means goods placed within the perimeter fence that is monitored by customs, are automatically under the free zone regime;
  • These zones offer i) exemption from VAT for non EU goods in transit ii) deferred VAT payment on merchandise imported into the EU iii) nondiscriminatory right of entry for ships and cargos and iv) no customs intervention.
Free zone comparison Free Port of Trieste Free Port of Venice
FTZs used mostly by which industry? Shipping Shipping
Average annual industrial space rent per 1000 sq. m. €1,255 €1,500
How long to set the company up? 4 weeks 4 weeks
How long to open company bank account? 4 weeks 4 weeks
Quality of utilities Good Good
Allowed to sign sales contracts with Italy Clients? No No
Allowed to invoice Italy Clients? No No
Corporate tax payable in Italy Yes Yes
Corporate bank account Yes Yes
Physical office space required Yes Yes
Allowed to import raw materials? Yes Yes
Allowed to export goods? Yes Yes
Can be wholly foreign owned Yes Yes
Can the entity hire expatriate staff in Italy? Yes Yes
Minimum number of directors 1 1
Minimum number of shareholders 1 1
Tax registration certificate required Yes Yes
Individual shareholders allowed Yes Yes
Corporate shareholders allowed Yes Yes
Corporate director(s) allowed No No
LLC company allowed? Yes Yes
Annual audited financial statements No No

Frequently asked questions

Contact us

For additional information on our free zone company registration services in Italy, please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon