Opportunıtıes

ITALY SERIOUSLY BOLSTERED ITS ECONOMY WITH RECENT STRUCTURAL REFORMS. BY MAKING TAX, LEGAL AND VISA SYSTEMS MORE TRANSPARENT, THEY SIMPLIFIED THINGS FOR THE FOREIGN INVESTOR.

With its population of 60 million, Italy is the 8th largest economy in the world, and Europe’s sec-ond largest producer after Germany. One of the most important advantages of operating in Italy is being free from tax burden thanks to the EU Common Market. Furthermore, its geographical location and advanced transportation network make it easy to reach the world markets.

Italy seriously bolstered its economy with recent structural reforms. By making tax, legal and visa systems more transparent, they simplified things for the foreign investor. The labor market be-came more flexible, establishing a business became easier, and, with improvements on the edu-cation system, the human capital became stronger, all of which has made Italy more attractive for investors.

In addition, Italy offers investors tax deductions (for employment, energy efficiency, patent, R&D), as well as incentives and resource transfers, easy access to business loans and other opportunities for business start-ups. Italy is one of the countries with the highest capacity for innovation in the world and is spending over 20 million euros in this area. Particularly plastics industry’s higher innovation capacity as compared to other industries stands out in Italy.

There are 140 industrial zones in Italy, the presence of which triggers development by encouraging competition and cooperation between firms. Companies in the industrial zones perform better than traditional firms. Another advantage of Italy is the high level of educated manpower with relatively low cost of labor. More than 20 Italian universities are among the top 500 universities in the world. Another advantage of Italy over other similar countries is its developed transport and digital networks and sustainable investments.

Italy’s energy market is also very large and is already oriented towards renewable energy sources. Italy is the third largest energy producer in the EU after Germany and France, which is yet another reason why Italy is attractive to industrial investors.