S.R.L.S is a legal entity in Italy, whose full name is Società a Responsabilità Limitata Semplificata, which means "simplified limited liability company." It belongs to mixed ownership, meaning that the owners of the company can be natural persons or legal entities, but their liabilities are limited. S.R.L.S does not need to participate in the market publicly, nor does it need to designate a legal representative; it only requires at least one shareholder. Additionally, S.R.L.S does not need to specify directors, nor does it require local residents to serve as directors, or a company secretary. The minimum required registered capital starts at 1 euro, but cannot exceed 9,999 euros, and can only be held by natural persons. Furthermore, the minimum recommended initial operating capital for opening and operation is 2,000 euros. S.R.L.S does not require capital verification, nor does it have any capital verification requirements.