Whether you are a UK business looking to start trading in Italy or an Italian business thinking of entering the UK market, we can support you with your goals.
We have set out below an outline of the services we can provide and would be happy to have an initial conversation with you to discuss your objectives and to tailor our services to meet your specific needs.
ITALIAN-UK TRADE RELATIONSHIP
Italy has a long-standing trade relationship with the UK and a highly diversified economy which provides many opportunities for UK business. Conversely the UK is important for Italian companies as they continue to globalise and most of these businesses are Small and Medium Enterprises which require professional services to support their expansion.
ENTERING THE UK MARKET
Like Italy, the UK has a very business friendly economy and is characterised by a high number of small and medium sized enterprises (SMEs), many of which are family owned. Whilst the UK market is similar to Italy, we understand that it can be daunting to start doing business here for the first time and we have therefore brought together a range of services to help make the process as easy as possible. Our guide and checklist below provide some useful initial information on setting up in the UK:
If you would like to discuss your requirements in more detail, please get in touch. Our Italian-speaking colleagues would be pleased to advise you on the ways in which we can help and can also introduce you to other external service providers such as banks and Italian-speaking lawyers. Our guide and checklist below will provide useful information for the start-up of the business in the United Kingdom.
Our BrighterThinking guide to setting up in UK.
Download our BrighterThinking checklist for setting up in UK.
If you would like to discuss your needs in more detail, please contact us.
Our relationship teams provide a single point of contact, with access to a full range of solutions including:
ACCOUNTING
Our team provides full support on UK cloud software or your own systems.
PREPARATION OF VAT RETURNS
Prepared on a quarterly basis with all supporting reports as required.
PAYROLL SERVICES
Generally, payroll in the UK operates on a monthly basis, with mandatory pension requirements.
CORPORATE SECRETARIAL SERVICES
Maintenance of local registers
AUDIT SERVICES
Our teams regularly audit UK subsidiaries of global companies.
EMPLOYMENT SERVICES
We can assist with the preparation of employment contracts, overseas visitors and local resources.
PREPARATION OF CORPORATION TAX RETURNS
Local compliance, supported with QIPs, ATED and CBC Reporting declarations.
PREPARATION OF FINANCIAL STATEMENTS
This includes any required group reporting
INTERNATIONAL TAX SUPPORT
Our specialist teams can also provide international tax assistance, including:
- Transfer pricing
- Global mobility
- VAT/Duty services
- Advice on intangible assets and patents
ENTERING THE ITALIAN MARKET
Italian economy is the third largest in Europe and the ninth biggest in the world and provides huge opportunities for businesses looking to expand.
Through our membership of HLB International we work with English-speaking advisors throughout Italy to co-ordinate the work required to ensure your set up and continuing operations there run smoothly. We can assist with overseas expansion in a number of ways, including:
- Structuring cross-border operations
- Co-ordinating and liaising with appropriate contacts in Italy
- Advising on funding and foreign exchange decisions
- Implementation of transfer pricing policies
- Repatriation of profits back to the UK
- Employment and tax advice on sending employees to work overseas
If you are considering starting to trade in Italy, the guide below gives some useful information on doing business there. We would also be pleased to discuss your requirements in more detail, so please get in touch with our Italian speaking service providers.
Video: Navigating Italy’s Business Landscape
Contact Menzies Italian desk team
To speak to a partner or for more information about the services we offer please contact either Giuseppina Kelly, one of the Menzies LLP offices, or complete the contact form below.
