The minimum required capital for a limited liability company (Società a responsabilità limitata or Srl) is 10,000 Euros and for a joint-stock company (Società per azioni or SpA) is 50,000 Euros. The law requires that at least 25% of the capital is deposited before registration.According to article 45 of the Directive EU 2017/1132, last amended by Directive 2019/2121, Member States shall require for limited liability companies in order to commence business, a minimum capital of not less than EUR 25 000. The transposition of this directive will increase the minimum capital requirement for limited liability companies.