Foreign investments in Italy are encouraged by the local legislation which stipulates a few incentives for the foreign entrepreneurs who start doing business in this country, in certain fields and regions. They can benefit from the provisions of treatment reciprocity treaties signed by Italy with certain countries in order to grant similar rights to foreign businessmen who invest in countries that are parties of such treaties. Before starting a business in Italy, it is recommended that you know if your country of origin has signed such a treaty with Italy.
For a few categories of investors, it is not necessary to verify the reciprocity. The citizens from the European Union (EU), European Economic Area (EEA) or any other country that has signed an economic agreement with Italy and the refugees do not have to make the verification.
If you need to verify the conditions, you may contact an Italian lawyer who will offer you legal consultancy for starting a business in this country. The attorney in Italy can help you choose the proper type of company, register it and obtain the special permits and licenses you may need for certain types of activities.
The Italian authorities offer incentives for foreign entrepreneurs and there are also programs of the EU for sustaining foreign investments. The local incentives are granted to businessmen who build new production plants or expand the existing plants, develop the industrial areas, bring research and innovation in Italian economy etc.
The European incentives are for investors who grow the employment rate in many fields. A special attention is given to the southern region of Italy, where the unemployment rate is higher than in the north and the industry is less developed.
Italy has signed over 90 investment treaties with countries interested in a long-time collaboration with the Italian government.
If you are interested in finding out more details about the legislation for foreign investments in Italy and the incentives granted to foreign businessmen, you may contact our law firm in Italy.
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