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Banking in Italy

Italy has a contemporary banking and financial industry. Many of the international banks, accountants and insurance companies can be found there too. Banking hours are generally Monday to Friday from 0900 to 1700.

Opening an account when setting up a business in Italy is a very easy process. As in the UK, you can choose a different account for different purposes. Many banks will only allow you to open a bank account if you have a full residence permit. If you don't have or are still waiting for a residence permit, you could try asking a branch of an Italian bank in the UK.

To open a bank account in Italy, you will be required to provide the following documentation:

• A passport
• Residence Permit in Italy
• Proof of Address
• Birth Certificate (in some cases)
• Proof of income (in some cases)
• Reference from your UK bank (in some cases)

Check with your chosen Italian bank to determine exactly what you have to provide.

Cash machines are widely available and internet banking is gaining in popularity.

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