Businessmen operating on the Italian market
should know that they are allowed to sell shares of their companies
, but only by following a certain legal procedure. The shares are sold
through a transfer
, which has to be performed under the assistance of a public notary in Italy
. Moreover, it is necessary that the parties be present in person when performing this action. However, it is important to know that other methods which are less restrictive are also available here. Our team of Italian lawyers
can assist businessmen interested to sell their shares
throughout the entire procedure and they can also offer legal advice, if it may be the case.
Selling shares though a public notary in Italy
As a general rule, the Italian legislation
prescribes that this procedure should be performed at a public notary
, by signing an official document
attesting the completion of the procedure. The public notaries in Italy
have fixed and variable costs (established in accordance with the value of the transaction) and this procedure is rather recommended for larger transfers
; our team of Italian lawyers
can offer more details about the procedure.
Selling shares through chartered accountants in Italy
When signing a contract in Italy
for the selling of company’s shares
, the shareholders
should know that they can also appeal to a more modern procedure, which is applicable in this country since 2008.
The procedure is handled through chartered accountants or chartered secretaries
and it still involves the signing of a contract
, but the main difference is that the document can be sent as a PDF file
of the original document
. However, the original document
must also be included at some point during the procedure.
The main advantage of the procedure is that it involves more flexibility, as it can be performed though an electronic signature, while the deal between the parties can be completed through an online conference.
Businessmen interested in receiving further details on how to sell shares of an Italian company
can address to our law firm in Italy
for legal advice on the available procedures.