Rome

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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