Recommend at least three legal compliance approaches that should be used by companies conducting international business in Italy. Please include the reference

 

Companies with plans to conduct international businesses in Italy need to ensure that they comply with the business regulations in the country.

Step-by-step explanation

Some of the key legal compliance approaches that companies needs to comply with, while engaging in international businesses in Italy includes the following.

• Acquiring business permits and license

there is need to register the business activities that the company will be engaged in while in Italy in order to acquire a license just like in any other country.

• Goods and sales tax registration

Italy requires companies to pay taxes from their business proceeds. It is mandatory for every business and therefore each company need to comply with the tax laws by registering on goods and sales tax before engaging in the business operations in the country.

• acquiring registration numbers for the company

Italy also requires that companies register their businesses to acquire a unique registration number with which the company is identified while conducting its operations in the country.