Italy free zones in 2023

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 comparisonFree Port of TriesteFree Port of Venice
FTZs used mostly by which industry?ShippingShipping
Average annual industrial space rent per 1000 sq. m.€1,255€1,500
How long to set the company up?4 weeks4 weeks
How long to open company bank account?4 weeks4 weeks
Quality of utilitiesGoodGood
Allowed to sign sales contracts with Italy Clients?NoNo
Allowed to invoice Italy Clients?NoNo
Corporate tax payable in ItalyYesYes
Corporate bank accountYesYes
Physical office space requiredYesYes
Allowed to import raw materials?YesYes
Allowed to export goods?YesYes
Can be wholly foreign ownedYesYes
Can the entity hire expatriate staff in Italy?YesYes
Minimum number of directors11
Minimum number of shareholders11
Tax registration certificate requiredYesYes
Individual shareholders allowedYesYes
Corporate shareholders allowedYesYes
Corporate director(s) allowedNoNo
LLC company allowed?YesYes
Annual audited financial statementsNoNo

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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