Italy Market Entry Strategy

How to set up Business in Italy?

Currently, Italy is among the most important countries in the European Union. Its good geographical position gives investors easy access to southern, central and northern Europe markets as well as to the ports of the Mediterranean. Italy provides an ideal mix of great technological advancements along with an incredible workforce that is capable of working with the highest degree of efficiency found out of other European countries. There are a range of companies to choose from when one thinks of setting up a business in Italy. Even though a partnership does not have a legal personality in Italy, it is a form of a company. These are the following steps that need to be undertaken to start a business in Italy:

• 

  Choose the type of entity & Draft the MOA

  /01

• 

  Register your company and its bylaws before a notary public

  /02

• 

  Deposit the required documents with the Register of Enterprises in Italy

  /03

• 

  Pay your taxes & Obtain necessary permits for import/export of goods

  /04

Italy is highly welcoming towards investors. The country has implemented a variety of high profile reforms and established sub committees within Ministry of economic development. The government also provides a number of tax incentives and credits for FDI’s to get attracted to this space. Additionally, as a member of the European Union, businesses in Italy have duty free access to over 50 million consumers in 29 national markets within the economic area.

Here are a few tips on planning, legal issues, hiring, immigration, and taxes & an overview of Italy market that would help you to build a expansion strategy for your business.

Top 3 Sectors for Investment in Italy

Italy has been the birthplace of some of the most iconic and luxurious brands in the world and, while some business fields are clearly more favored than others, the country has an open policy towards foreign investments of all kinds. Some of the most important foreign investment sectors include tourism, the food industry, agriculture, manufacturing or the real estate sector. Here are the top three sectors that have huge potential for growth:

DOWNLOAD THE UNITED KINGDOM MARKET ENTRY REPORT FOR FREE

There are immense investment opportunities and ways in which companies and entrepreneurs can enter the Italian markets and capitalise on an economy that is showing great promise in terms of their growth. This report throws light on the variety of ways in which one can leverage resources and make most of the opportunity to be working in this country.

Visa and Immigration

If one is planning a short stay business trip, one will need to apply for a short stay visa which allows one to stay in Italy for up to 90 days. A stay for more than 90 days will require a residence permit. A short stay visa is also known as the Schengen visa. The visa is valid in all European countries which are a part of the Schengen area.

 

 

Italy Investor Visa - This type of visa is a 2 year visa, which is renewable for those foreign nationals intending to make a large investment or donation in Italy. There is a special tax regime that has been put in place by the Italian government for these type of visa holders. The following categories of people are eligible for the Italian investor visa:
- A Government Bond issued by the Italian Republic.
- A company incorporated and operating in Italy.
- An innovative start up; or
- You make a philanthropic donation.

 

Learn More