Setting up a business in Italy
Italy is open to and encourages foreign direct investment.
As such, there are a number of government programs geared towards overseas investors. Italy has two free-trade zones, located in the north-east in Trieste and Venice. These allow foreign goods to be brought in without being subject to taxation, provided that the material is used in the production of a product that will be exported. When goods are exported to another EU country, customs duties are deferred for 180 days. The trade zones also allow foreign companies to employ workers of the same nationality under that country’s own labour laws.
Generally speaking, foreign non-EU citizens can start a business in Italy only if they are legally present in the country (even by proxy), and if their home country authorizes Italians to do the same – Italy recognizes the international law principle of reciprocity. Before starting a business or making an investment in Italy, all foreign citizens have to apply for an Italian fiscal code from the Inland Revenue Office.
Conveyancing in Italy
Italy is also the right place to buy or rent real estate as next step is to fully understand the buying or renting legal procedure being aware of pros and cons of Italian law.
Are you interested in investing in Italy?
Are you also looking to buy or rent real estate and need legal advice during negotiation?
Contact us and feel free to ask for our brochure “Introducing Italy” without any cost or obligation.
Please mind that our Firm doesn’t advise via web and your direct contact will be kindly appreciated (the first is at no cost or fees).