Italy S.R.L.S

S.R.L.S is a legal entity in Italy, whose full name is Società a Responsabilità Limitata Semplificata, which means "simplified limited liability company." Liability is limited, and the owners of the company must be natural persons. S.R.L.S does not need to participate in the market publicly, nor does it need to designate a legal representative; it only requires at least one shareholder. Additionally, S.R.L.S must name its directors in the constitutive act, but it does not require local residents to serve as directors, or a company secretary. The minimum required registered capital starts at 1 euro and must be below 10,000 euros, and can only be held by natural persons. Furthermore, the minimum recommended initial operating capital for opening and operation is 2,000 euros. S.R.L.S does not require capital verification, nor does it have any capital verification requirements.