Even after several from the financial crisis, the global economy is continuing the recovery process and the same can be said about the Italian economy, according to a report issued by the Italian Trade Agency. Italy is on a good path to recovery as the end of the year is expected to bring a 1% increase in the county’s Gross Domestic Product. Foreign investors are invited by the authorities to open companies in some of the most productive industries and they can rely on our company formation services in Italy for assistance.
The last month of the autumn of 2017 brought good news for the Italian economy from both the European Commission and the local government. The European Commission announced Italy will conclude this year with an economic growth of 1.5%, which is significantly better than last year. The forecast for 2018 is also a good one, according to the same European Commission. If you want to open a company here and need assistance, you can rely on our company registration consultants in Italy.
The Italian tourism industry has opened the doors to many investors who have created not only the traditional types of businesses which include travel agencies and hotels, but also those who have come up with new business ideas, such as companies which organizer cruises. During the last several years, the cruises market in Italy has developed quite a lot and reached its peak during the summer of 2017. If you want to open a company in tourism in Italy, our local consultants can assist you.
The Italian economy relies on exports which is why it has enabled an agency with the purpose of helping local companies in increasing their exports. At the end of July, the export credit agency (SACE) issued its results for the first half of the year which indicates the financial resources gathered for its activities rose by 19% compared to the same period of the last year. Foreign entrepreneurs interested in setting up a business in the trading sector can rely on our company incorporation services in Italy.
Economic growth and investors’ confidence in the Italian business environment is driving a considerable increase in various industries across the country, one of these being real estate. Milan is one of the Italian cities registering the highest demand in house purchases which is why the prices have also gone up during the last three years. However, residential sales are on the rise all over the country. Foreign investors interested in starting a business in the real estate sector, can rely on our company incorporation services in Italy.
Italy in known for its massive production of agricultural products of all kinds which has reached a new record last year. According to Istat, the National Statistics Office, in 2016 Italy occupied the second position in terms of agricultural production in Europe. Foreign investors who want to start a business in the agricultural industry can rely on the services offered by our Italian company formation consultants.
The number of Italian small and medium-sized enterprises (SMEs) which have become successful since the beginning of the year has grown, according to a report launched by the Global Strategy magazine. Moreover, the growth rates of these companies have increased 9 times since last year. Our company formation consultants in Italy can help you start a small business in this country.
Italy is one of the most visited countries in the world and in Europe which is why it is no wonder that many investors decide to set up all sorts of casinos in the large cities like Rome or Milan. A recent report issued by the Online Gaming Observatory shows online gambling has caught the attention of gamblers at a larger scale in 2016. These have increased their spending on casino games and sport betting by 25% last year. If you want to open a casino in this country, our company incorporation consultants in Italy can assist you.
The Italian government has recently implemented various incentives for highly-qualified workers whom move from abroad to Italy to carry out their activities. The new scheme provides for several conditions under which foreign citizens can move to Italy. Below, we list the available tax benefits and the necessary requirements for applying for the program. Our Italian company formation consultants can also assist foreign investors who want start businesses here.
Foreign investors who want to invest in the research and development industry in Italy can benefit from a new patent box regime which just implemented by the government. The new program will be available for Italian companies registering patents, trademarks or any other type of intellectual property rights. The deductible tax base has also been broadened by the government. Our company incorporation agents in Italy can offer more information on the new patent box regime.
Everybody knows Milan is one of the world’s fashion capitals and now the luxury goods market in Italy has reached a new stage: the number of luxury products companies listing their shares on the stock market has increased considerably. More than that, we could say that Italian companies in the luxury industry will be the leaders of the IPO (initial public offerings) market this year. Our company formation consultants in Italy can assist with the company registration process if you are interested in starting a business in the luxury goods sector.
With small and medium-sized enterprises (SMEs) being the pillar of the Italian economy, the Italian Institute of Statistics (Istat) gathered data on how digitization affects this type of companies. According to the Institute, it was essential to know how Italian SMEs use digital technologies in order to increase their incomes. Moreover, at the middle of March the government entered a partnership with three companies in order to support SMEs seeking to use innovation and digitization. Our Italian company formation representatives can assist investors who want establish businesses in this country.
The last month of 2016 brought a historic increase in Italian exports, according to the National Statistics Office, Istat. Even if on a year-to-year basis the trade balance indicated an increase of 1.1%, when comparing the results of registered in December 2015 and those of the same month of 2016, the rise is of 5.7%. The cosmetics market and the Made in Italy brand made the difference in last year’s export numbers. Our company formation agents in Italy can assist foreign investors interested in opening a trading company in this country.
Not all EU countries would suffer after the UK exits the Union and Italy is perhaps of evident proof of that given the new set of laws meant to boost the Italian’s Stock Exchange visibility among the European stock markets. The Parliament aims to make Milan a leading financial center in the European Union by replacing London. Foreign investors interested in opening companies with the aim of trading on the capital market, can rely on our Italian company formation consultants.
Announced a few years back, the Patent Box Regime was finally introduced at the end of 2016 and will favor Italian companies registering trademarks, industrial designs, models and even know-how with the Intellectual Property Office. Under the regime, both Italian and foreign companies registering intellectual property will benefit from an advantageous tax bonus. If you are interested in opening a company and need assistance, our Italian company formation consultants can provide it to you.
Agriculture has a bright future in Italy where the number of entrepreneurs under the age of 35 interested in investing in this industry is growing on a yearly basis. Moreover, by 2020 the number of start-ups established by young entrepreneurs is expected to reach 20,000. The better news is that most enterprisers are interested in green agriculture which implies a high degree of innovation. If you want to establish a business in the agricultural sector, our company registration agents in Italy can assist you.
The end of 2016 brought positive changes for the real estate industry in Italy, especially for the commercial sector. According to the Revenue Agency Real Estate Observatory, the property market has recorded an increase of 17.8%. If you want to invest in real estate, our Italian company formation consultants offer assistance in purchasing commercial real estate.
The National Agency for Energy and Environment (ENEA) in Italy issued a report according to which the country is below the EU average energy consumption levels with 18%. This is because Italy has started to invest in green energy a few years back, investment which have started rendering very good results during the last couple of years. Our company formation agents in Italy can assist foreign investors interested in opening companies in this industry.
The Italian Government has decided to bet on the aerospace industry for the following years and enabled the regional administration in the region of Puglia to set up plants in three of the largest cities there. The project was begun several years ago, when funds worth a total of 250 million euros were invested in the aviation sector and the current administration wants to continue these projects with a focus on manufacturing. If you want to open a company in Italy and need assistance, our company registration agents can help you.
Italy relies on the tourism industry which is a great supporter of the economy. One of the most important branches of the tourism sector is the wine segment which is why the Government has decided to reduce the burden on wine makers by clearing up some of the regulations related to the labeling of their products. Another measure implies the double controls imposed until now to Italian companies producing wine. If you want to open a company in Italy and need assistance, our company registration consultants can help you.
The government has enabled a three-year plan for the development of the Italian tourism industry, which is why it enabled the National Tourism Agency (ENIT) to set up new offices in several countries considered emerging touristic markets. Among the countries where Italian cities and touristic sites will be promoted are China and the United Arab Emirates. Our company registration consultants in Italy can assist foreign investors seeking to open travel agencies.
There is nothing uncommon for companies these days to face financial problems when considering the instability at macro-economic level in the EU. However, Italy has found a way around these issues and managed to amend bankruptcy procedures in order to assist companies in distress. The results were first shown this year, when thanks to these procedures, Italian companies have benefited from a faster restructuring process.
Predictions for the end of the season in the accommodation sector in Italy look pretty good so far, as hoteliers expect to close the summer with a double-digit increase. The Italian hotel industry is one of the best performing sectors of the economy since 2016 started, according to statistics. If you want to open a company in the accommodation industry, our company formation representatives in Italy can help you with the registration procedure.
Italy has recently regained its position among the largest European automobile markets, which is a good sign for the local economy. In May, Italy occupied the third position, according to a report issued by ISTAT, the national statistics institute. Our company formation agents in Italy can offer more information about investment opportunities in the automotive industry.
ISTAT, the Italian Statistics Institute, released the first data on the country’s Gross Domestic Product in the past year. According to figures, the northeastern part of the country registered the highest economic growth. Our company formation agents in Italy can help you set up a company in this part of the country.