This is why you need to think about Italy for your next business venture.
As the third biggest economy in the Europena Union, Italy has turned into an attractive destination for stock investors from all over the world. Its domestic market provides a wide range of investment prospects spanning across various industries. Nowadays, the Italian economy is run by a large amount of international companies. Industrial foreign affairs employ 11% of the country's workforce. Therefore, it is not unexpected that most 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 sector, are an example of how foreign investments can give back to the local economy.
When it comes to foreign direct investment, Italy is preferred over other European countries for its strong commercial 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 local economy and appeal to the Italian customers. Among the businesses that have attracted the most financial supporters are the enterprises operating in the industrial machinery and mechanical sectors. This is partly due to the reason that there are numerous tax incentives for start-ups and innovative businesses.
The Italian real estate market is almost recovered from the financial crisis the nation has been suffering from. With both demand and supply on the rise, a lot of real-estate investors from around the world have decided to get involved in residential property sales in Italy. The real estate industry has turned into one of the most lucrative in the country,even more so because a lot of Italians are becoming more interested in buying a second home. The real estate sector is directly associated to Italy’s tourism sector, which is the most profitable domain in the region. With Italy being the fifth most visited country in the world, there has been an ever-increasing demand for the construction of vacation residences and the development of luxury hotels.
For entrepreneurs, it is recommended to invest in Italy real estate. This is one of the fastest growing industries in the region and is the reason why a lot of investors are focusing on Italy. The top shareholders in the Excelsior Hotel Gallia are a good example of how beneficial an investment into Italy’s hospitality sector might be. The Qatari investors 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 incentivised foreign investors to start participating in the local economy.