How to open a business account in Italy without going to Italy
If you have decided to start a business or expand your existing one in Italy, you need to open an Italian bank account for your company.
You may have heard that opening a business bank account in Italy is an arduous and time-consuming process. We've got great news for you! You no longer have to travel to the country to deal with paperwork—our staff will handle all of it right here at home!!
Opening a business account and applying for company formation in Italy has become easier, thanks to the digital solutions that cut down on tedious paperwork. You can quickly open a business account for your company without going to Italy.
What are the digital solutions to open a business account?
Digital banking solutions have started to replace traditional banks in recent years. Because of their ease and convenience, digital solutions offer ways to complete everything from your computer or phone—in minutes.
Digital solutions make it very easy to open business accounts, order cards, create sub-accounts and pay expenses. Moreover, they allow you to do all of these without leaving your home—which is especially convenient for people who run small businesses or work from their homes. They also allow you to easily manage all your company finances from just on an app.
Try the wamo business account!
Wamo makes it easy to open a business account. All you have to do is fill out an application, and in 10 minutes or less the company will approve your request and give you full access to their service—and all of its features!
You can create multiple sub-accounts to keep track of your spending, and you can order physical payment cards whenever needed. You'll be able to perform all your financial transactions quickly and securely—and with peace of mind!
With a wamo account, you can forget about paperwork and focus on growing your business. With the wamo app, it’s easy to get everything done!
Related: Best business bank account for small businesses
How to open business account with wamo?
If you are a genuine business owner or sole trader needing to set up a business account in Malta, here's how it works: get your documents together–your ID is key here but any other relevant paperwork will help too), charge your best camera-face and let's go through the process.
How to open a wamo business account in Italy as a sole trader
- Get your passport, ID or driving licence ready
- Download the wamo app from Google Play or the App Store.
Once you’re on the app:
- Pick a passcode and enable face ID (this is optional but much faster and more secure)
- Enter your business location (country), type, name and address
- Enter your ID or passport number, date of birth and country of residence
- Scan your ID
- Say a few lines into the camera so we can capture a video to confirm your ID
- Select subscription type (sole trader options are Free or €9.99/month)
How to open a wamo business account in Italy as a Company
Have the director’s and UBO's passports, IDs or driving licences at hand. Download the wamo app from Google Play or App Store.
Once you’re on the app:
- Pick a passcode and enable face ID (this is optional but much faster and more secure)
- Select your business type, country, and industry
- Enter your company name, address and registration number.
- Next you’ll add your director’s name (or names) and details and scan their IDs.
- Add the company’s Unique Beneficial Owners (UBO) details: name, residence, date of birth.
- Lastly choose the account holder and scan their ID
Once your documents are reviewed and approved, you can begin using the account to accept payments immediately.