Italy is an attractive economy for investment. It is the eighth largest economy in the world, the third-largest economy in the EU and the 20th largest market for the U.S.
Italy’s geographic location making it a strategic logistics hub and a gateway to the EU the Mediterranean Area and Middle East markets.
Italy is among the largest manufacturing countries in Europe in food products, fashion, machine tools, automotive and pharmaceuticals and a supplier of chemicals, metals, industrial machinery, ceramics, textile and marine industries.
However it is challenging doing business in the country due to many reasons.
The complexity of laws and regulations, bureaucracy and lawsuits leads to a need for professional assistance.
Moreover the often insufficiently knowledge of English, the wide spread of SME’s companies with a small line of command and some cultural specificities can request a local support.
Businesses must be aware that local regulations and procedures for the same business activities will be different from area to area and that Italy’s corporate tax burden is one of the heaviest in Europe.
Relationships is very important in the business culture, therefore you need a business coach to support you.