Here is why you should consider Italy for your next business investment.
When it comes to foreign direct investment, Italy is preferred over other EU states for its strong industrial sector and very skilled workforce. The firms that have stood out to foreign investors, like the managers of the professional services firm EY, are the ones known for their innovative technology. The reason why international investors are interested in these ventures is because they want to take part in the regional economy and appeal to the Italian consumers. Among the businesses that have attracted the most investments are the firms operating in the industrial machinery and mechanical industries. This is partly due to the reason that there are numerous tax incentives for startups and innovative companies.
The Italian real estate market is on its way to recover from the financial crisis the country has been suffering from. With both demand and supply increasing, many real-estate investors from across the world have made the decision to become involved in residential property sales in the country. The property development sector has become one of the most lucrative in the country,especially since a lot of Italians are becoming more interested in purchasing a second house. The real estate industry is closely associated to Italy’s tourism industry, which is the most profitable domain in the region. With Italy being the fifth most visited country across the world, there has been a growing demand for the construction of vacation properties and the establishment of luxury resorts.
For business owners, it is wise to invest in Italy real estate. This is one of the quickest growing industries in the region and is the reason why so many investors are turning their attention towards Italy. The top shareholders in the Excelsior Hotel Gallia are a good case in point of how beneficial investing into Italy’s hospitality industry can be. The Qatari shareholders have managed to significantly expand their portfolio by acquiring luxury establishments in the heart of Rome. With the introduction of tax deductions for investments in research and development activities, the Italian government has encouraged foreign investors to take part in in the local economy.
As the third biggest economy in the Europena Union, Italy is quickly becoming an appealing place for investors from around the world. The country's domestic market offers a wide range of investment prospects across various industries. Today, the Italian economy is driven by a large amount of international enterprises. Commercial foreign affairs employ 11% of the country's workforce. For that reason, it is not surprising that some of the biggest investors in Italy come from oversees. The top two shareholders of Telecom Italia, who are dedicated to improving the country's telecommunication industry, are an example of how international investments can contribute to the regional economy.