We provide training to global corporations in live classroom-based formats, through webinars and also through our cultural awareness digital learning hub, Global Business Compass. Essentials of Business Culture online courses, Comprehensive guides on doing business in 40+ countries, Tailored development pathway with a personalised learning journey, In-depth courses on key international destinations, Working in and Leading Virtual Teams online courses, © Keith Warburton 2020, All rights reserved There is, however, a clear wealth gap between the North and South, as the Northern regions are much more affluent. On the other hand, it often ranks poorly in the Index of Economic Freedom. Can the UK Improve its Relationship with India? Communicaid’s Doing Business in Italy cross cultural awareness training course offers the tools to address the cultural barriers a company doing business in Italy is highly likely to encounter, as well as strategies from individuals who have extensive experience living and doing business there. Due to its location in Europe and the Mediterranean, it contains a myriad of different cultures and traditions. Do you need to develop your global competence? Digital Marketing Agency: Strategic Internet Consulting, View Matthew MacLachlan's LinkedIn profile, Tea Culture Across the World: An Important Business Skill, Indulgence vs. In addition to this, as the EU has gradually expanded to the east and embraced former Eastern Block countries, Italy has gone from being the southern border of the Union to occupying its very centre. Our mission is to help clients work cross-border more effectively in an increasingly complex global environment. The country plays a prominent global role in everything from economics to military and diplomatic affairs. Doing business in Italy has never been so rewarding: despite the recession having lasted longer than in other European countries, the local startup scene has picked up on the international challenges and its momentum has been aided by a few laws aimed at making life easier for new companies. Despite this, Italy is financially developed and viewed as an ideal country for business, with its modern infrastructure, gateways to the Mediterranean, Middle East and European markets, and high levels of internationalisation and entrepreneurship. As well as Italy’s excellent geographic position which offers international organisations doing business in Italy access to both its internal market and that of its bordering countries, the country also boasts a strong and diversified economy. Restraint – the 6th Dimension, The Importance of a Global Mindset for Success Overseas. Although it did suffer in the 2008 credit crunch, Italy boasted one of the highest per capita incomes in the Union (CIA World Factbook) for a long time and has one of the highest export rates in the world. Our website uses cookies. Furthermore, there is a tendency towards hierarchical attitudes in Italian companies as well as regional biases. Moreover, a short ferry trip separates it from Greece and all the former members of Yugoslavia. Website by Pivotal Marketing, According to the general rule, a Russian company which pays …, Portugal: a country full of energy that welcomes both citizens …, Since 2016, the Mexican government has been working in the …. Renowned for its art, food and rich history, Italy remains an attractive economy for investment as it recovers from the global financial crisis and continues to grow steadily each year. World Business Culture, West Down, Chalk Hill, Soberton, Hampshire SO32 3PH, Legal Notices This country-specific business culture profile was written by Keith Warburton who is the founder of the cultural awareness training consultancy Global Business Culture. Thanks to its position within the European Union and its highly diversified economy, Italy offers a number of benefits to companies looking to expand their operations internationally. Its diversified economy is home to almost all sectors of industry. For all the information you need to expand firms into Italy, the World Business Culture website is the number-one source. For this reason, expert advice is essential when considering doing business in Italy. Below are some of the key benefits of doing business in Italy. Access to the Eurozone Below are some of the key benefits of doing business in Italy. Once home to the Roman Empire, Italy is now home to over 60 million people. Government Support and Initiatives GDP dropped by 0.2% in the last three months of 2009, but there are signs of recovery. Major obstacles that companies may encounter when doing business in Italy are a complex bureaucracy and regulatory framework, a slow judicial system, and competitive challenges due to high levels of bribery, corruption and tax evasion. SETTING UP A COMPANY IN ITALY: All the rules you need to know before registering your company Non-EU citizens who intend to start a business in Italy as sole proprietorship, members of partnerships, directors of limited companies, legal representatives of foreign companies, or who take any administrative role within a company which is already operational must verify to be in possession of … The combination of local businesses on the one hand and government-backed groups on the other has given rise to a unique economic landscape whose intricacies are hard to grasp without access to insider knowledge. Doing Business in Italy. Whilst Italy’s territory mostly borders the Adriatic and Mediterranean seas, Italy shares its frontiers with fellow EU members France, Austria and Slovenia, as well as with Switzerland. On the other hand, meetings are typically less formal than in many other European nations. Global Business Culture are the world's leading cultural awareness training consultancy. Italy can in fact count on a unique combination of a small number of large companies that can rely on regular support from the Italian government – such as the car manufacturers FIAT and telecommunications group Telecom Italia – and a large number of SMEs, usually family-run, that manufacture high-quality consumer goods. Global Business culture is a leading training provider in the fields of cross-cultural communication and global virtual team working. This World Business Culture profile is designed as an introduction to business culture in Italy only and a more detailed understanding needs a more in-depth exploration which we can provide through our training and consultancy services. Recent Developments in Dividends Payment: Tax Optimization and Additional Questions, Portugal: A Country of Contradictions and Balances. Communicaid: Business Language Courses | Cross Cultural Awareness Training | Business English | Communication Skills | Worldwide. Vibrant sectors in Italy include tourism, raw mineral extraction and processing, textiles, car production and of course fashion. In the future, a project to create a rail and motorway corridor linking Western Europe with the Balkan Peninsula will place Italy at the very heart of modern Europe making it a great place for doing business. Cross-cultural awareness is also vital for establishing business connections, as Italian culture remains very family-oriented. Italy’s industrial triangle (Milan, Turin, Genova) is favourably positioned near other rich areas such as the Rhone-Alpes and the European core of the heavy industry: the Rhine-Ruhr region. Renowned for its art, food and rich history, Italy remains an attractive economy for investment as it recovers from the global financial crisis and continues to grow steadily each year. Access to the Eurozone Italy’s industrial triangle (Milan, Turin, Genova) is favourably positioned near other rich areas such as the Rhone-Alpes and the European core of the heavy industry: the Rhine-Ruhr region. Managing International Teams – Reduce the Risk and Reap the Benefits. On the one hand, Italy boasts one of the largest economies worldwide and in Europe in terms of GDP. While the Northern regions predominantly focus on food, textiles, machinery, iron and steel, clothing, footwear and ceramics, Southern Italy’s main areas are agriculture, manufacturing and tourism. If you are thinkging of Starting a business in Italy, however, you will probably need local … By using our website and agreeing to this policy, you consent to our use of cookies. Once home to the Roman Empire, Italy is now home to over 60 million people. A Flexible and Diversified Economy Despite Italy’s issues, there are many advantages of doing business there, including government incentives for foreign investors.
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