More than 4,100 small businesses open under simplified law

New regime for young entrepreneurs stirs interest across Italy

More than 4,100 small businesses open under simplified law

Rome, January 15 - More than 4,100 new, young entrepreneurs have opened small businesses in the four months since the Italian government simplified laws governing their operations, a group of notaries said Tuesday. Fully 4,162 new operations with very low capital have taken advantage of simplified legal requirements for small start-ups, according to figures released by the National Council of Notaries. Last fall, the government of outgoing premier Mario Monti introduced a new corporate type reserved for young people under 35 years of age, with a minimum capital of one euro to a maximum of 10,000 euros as seed money. Four Italian regions have the greatest number of these small firms: Lazio, home to capital city Rome, with 631 start-ups; Campania, with 598; Lombardia, with 506; and Sicily, with 347. The notaries and Luiss university have also launched a web platform to provide advice and assistance to young entrepreneurs.

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