New measures to reduce bureaucracy: rules concerning companies’ public registration consolidated into a single Normative Instruction

General rules and guidelines on the public registry of companies were gathered in Normative Instruction n. 81/2020 . Such an initiative is part of the bureaucracy reduction process provided for by the Economic Freedom Law. Fifty-six fragmented rules were revoked.

The revision process also brought changes to some rules applicable to the subject, such as the following:

  • the company’s name can now be formed by any word of the national or foreign language, regardless of the company’s object indication; and
  • certification of signatures and copies in documents submitted for filing at commercial boards are no longer needed.