16th May 2019
MGI Worldwide accounting network member, Pierpaolo Vannucci, Partner from Lucca-based MGI Vannucci & Associati, Italy, talks about the requirements of foreign investment in Italy.
In May’s edition of Tuscany's Grapevine Magazine, Pierpaolo provides a few guidelines for foreign investors to set up their businesses in the Italian market.
Italy is the fourth largest market in Europe. Despite an unflattering picture of red tape, high taxation, and a rigid labour market, Italy remains a market that offers excellent opportunities in sectors such as life sciences, ICT, renewable energy, luxury real estate, perfumeries, hotels, B&B, and catering.
It is quite challenging for foreigners to understand how business works in Italy, though they view it with genuine interest. There are, however, some basic guidelines to take into consideration when planning to set up a business in the Italian market, either as an individual entrepreneur or a limited liability company.
The support of an experienced professional is advisable when it comes to seizing all the opportunities, choosing the best form of business, and avoiding errors or possible penalties.
View the full article HERE.
For more information visit Vannucci & Associati's member profile page or their website.
MGI Europe is part of MGI Worldwide, a top 20 ranked international accounting network with some 5,200 independent auditors, accountants and tax experts in over 260 locations around the world.