In 2012, within the category of limited liability companies, a new form of enterprise was added: the low-capital limited liability company (srlcr) .
This new form is provided for in Article 44, 1st paragraph of the Decree Law 83/2012, available at the following link:www.governo.it/backoffice/allegati/68456-7800.pdf .
Just like the traditional limited liability companies, a written deedregistered by a notary public is required and the liability of the partners is limited to the value of the shares they hold. Furthermore, the partners must always be physical persons, never companies.
An important advantage compared to traditional limited liability companies is that you can pay up only 1 euro of share capital for its incorporation.
A possible disadvantage to be weighed carefully may be the following: banks may require important sureties before granting a loan. This is due to the fact that the company can be set up with a very low initial sharecapital.