Online Banking with Italian IBAN

[Div72020]

Hi, I need to open a bank account for an e-commerce business with Italian Iban.

Anyone can suggest anything reliable. Tried and tested if possible?

 

[JohnnyDoe]

If you don’t have an Italian company it’s impossible

 

[Div72020]

If you don’t have an Italian company it’s impossible

I have an Italian company. What can you suggest

 

[JohnnyDoe]

Banca sella is good, you might be able to open it remotely (at least that was possible 20 years ago)

 

[Forester]

Banca sella is good, you might be able to open it remotely (at least that was possible 20 years ago)

I guess ~1 year ago, too. (At least, they claimed it at their website, IIRC.)

 

[csp dubai]

WHY YOU GOT TO PUT YOURSELF IN TROUBLE FORGET ITALY , tax will kill you , guardia di finanza is very efficient in make you enourmous tax claim with non sense, tax rate is around 75% if pay all taxes

 

[Steve3000]

WHY YOU GOT TO PUT YOURSELF IN TROUBLE FORGET ITALY , tax will kill you , guardia di finanza is very efficient in make you enourmous tax claim with non sense, tax rate is around 75% if pay all taxes

But this is only true if they investigate you and see that you are cheating! Your 75% includes the fines for tax evasion. You are lucky if it only 75% !! If you report all income via a professional Commercialista, then they do nothing. Italian tax rates are published, well-known and not that bad, so if somebody complains, then they are either very stupid or engaged in illegal activity.

 

[JohnnyDoe]

But this is only true if they investigate you and see that you are cheating! Your 75% includes the fines for tax evasion. You are lucky if it only 75% !! If you report all income via a professional Commercialista, then they do nothing. Italian tax rates are published, well-known and not that bad, so if somebody complains, then they are either very stupid or engaged in illegal activity.

You just don’t know Italy

 

[Oumerty]

csp Dubai got a point.

If you factor all the hidden taxes (and costs) you pay when running an Srl it leads up to 72-75 % effective corporate tax in most sectors.

Tough there are a few ways to lower that rate, especially if you are favouring a local politician or doing the nation’s interest
And Agenzia delle entrate can be pretty random in finding troubles with your business (depends much on your negotiation skills )

I personally wouldn’t recommend doing business with any of the italian banks as the often charge hidden fees or make it look you are paying low commissions when you are not.

Yet : banca sella is good if you are a small merchant with a physical location together with the digital e-commerce.
I would vouch for UniCredit if you deal with real estate or you plan to do loans and stuff…

You could go with unicredit’s fintech subsidiary fineco if it just a simple check collection account for the e-commerce