Italy is one of the most beautiful countries in the world as well as famous tourist destination. The country attracts travelers all year round due to its mild climate and huge amount of wonderful historical sights. This is one of the many reasons to start business in Italy.
Italy belongs to the Group-of- Eight (G8) industrial nations, the European Union (EU) and the Organization for Economic Cooperation and Development (OECD).
The noticeable feature of the Italian economy is its propensity toward entrepreneurship. There are lots of small and medium-sized businesses in the country. The most developed sectors of Italian industry include the manufacturing, mechanical, construction sectors, chemicals and the transport industry.
The geographical position of Italy allows it to form a crossroads for international trade, a natural bridge between Europe and Africa. The prosperous north part of the country has one of the highest per capita incomes in Europe. Italian consumers are sophisticated and demanding, especially in terms of quality. Traditional, high-quality goods often do very well and designer items or recognized fashion brands are also very popular.
Foreign investors are free to adopt any form of business investment in Italy and may acquire a stake in or take control of a company which has already been set up. You will have to be aware of the cultural differences and be able to develop an effective and reliable business relationship at a personal level. Vital personnel should be involved from the start and must be of a quality sufficient enough to converse with their Italian counterparts.
So, Italy provides lots of opportunities for foreigners to set up a business. Remember that it is vital to obtain legal advice before deciding to start a business, especially in the foreign country.