Fiera Milano has always been a prestigious showcase for Italian products and services through its Network of 43 Representative Offices abroad covering 64 countries. Under the coordination of Fiera Milano Foreign Promotion Dept. this Network analyzes the most promising markets and assists companies that wish to penetrate them. In cooperation with exhibition organizers as well as regional and national institutions, Fiera Milano manages Italian companies joint participation in trade fairs all around the world, as well as trade missions, marketing activities and business partner research. Moreover, it organizes missions and events in order to promote the companies that are the best representatives of the "Made in Italy" abroad. For further information: International Network Phone +39 02 49977362 Fax +39 02 49976434 Email: alice.lorenzetto@fieramilano.it Foreign Promotion Dept. Phone +39 02 49977175 Fax +39 02 49977192 International Network Office Fiera Milano Group ARGENTINA C/o Camera di Commercio Italiana della Rep. Argentina Tel. +54 11 4816 5900 Email: promosargentina@ccibaires.com.ar AUSTRALIA Italian Chamber of Commerce and Industry in Australia Inc. Tel. +61 2 92625744 Email: fieramilano@icciaus.com.au AUSTRIA Camera di Commercio Italiana per l'austria Tel. +43 1 7158782 Email: vienna@italcham.at BELGIUM Camera di Commercio Belgo-Italiana Tel. +32 2 2302011 Email: fieramilano@ccitabel.com BRAZIL Promos Tel. +55 11 67644756 / 31790132 Email: nadia@grupocasa.com.br Email: promosbr@italcam.com.br BULGARIA Camera di Commercio Italiana in Bulgaria Tel. +359 2 8463280/1/2 Email: info@camcomit.bg CANADA - MONTREAL Camera di Commercio Italiana in Canada Tel. +1 514 8444249 Email: info.montreal@italchamber.qc.ca pietrantonio.montreal@italchamber.qc.ca CANADA - TORONTO C/o Italian Chamber of Commerce of Toronto Tel. +1 416 7897169 Email: tedesco@italchambers.ca CHILE C/o Cámara de Comercio Italiana de Chile Tel. +56 2 2322618 / 2335296 Email: info@camit.cl CHINA - SHANGHAI Fiera Milano Representative Office Tel. +86 21 51531118 Email: info@fieramilanoshanghai.com Canton (Guangzhou) Fiera Milano Contact Office Tel. +86 20 36182891 Email: info@fieramilanocanton.com Hong Kong Fiera Milano Contact Office Tel. +852 36793120/1 Email: hk@fieramilanoshanghai.com CHINA BEIJING C/o Camera di Commercio Italiana di Pechino Tel. +86 10 85910545 Email: deskcina@mi.camcom.it CROATIA, SLOVENIA, BOSNIA-ERZEGOVINA, SERBIA-MONTENEGRO Sab Contact Tel. +39 049 8649113 Email: representative@sabcontact.it CZECH REP., SLOVAK and HUNGARY Sisters Italia Tel. +39 02 3082325 Email: sistersitalia@iol.it ECUADOR Camera di Commercio Italiana dell Ecuador Tel. +593 2 2448009 Email: camaraitalianaecuador@yahoo.com EGYPT Camera di Commercio Italiana per l Egitto Tel. +20 2 23922275 Email: cci@idsc.net.eg FRANCE Chambre de Commerce Italienne pour la France Tel. +33 1 5393 7377 Email: foires.salons@france-italie.net GERMANY - KOLN Balland Messe-Vertrieb GmbH Tel. +49 221 9486450 Email: info@balland-messe.de
GERMANY FRANKFURT Camera di Commercio Italiana per la Germania Tel. +49 69 97145210 Email: info@ccig.de GREAT BRITAIN and IRELAND The Italian Chamber of Commerce and Industry for the U.K. 1 Princes Street Tel. +44 20 74958191 Email: info@italchamind.org.uk GREECE XL Advertising - Communication Ltd Tel. +30 210 6772640 Email: info@xlcom.gr HOLLAND Camera di Commercio Italiana per l Olanda Tel. +31 20 7513363 Email: info@italianchamber.nl INDIA The Indo-Italian Chamber of Commerce and Industry Tel. +91 22 24368186 Email: fieramilano@indiaitaly.com ISRAEL MS&P - Marketing Strategy & Promotion Tel. +972 9 9569561 Email: yuval@barner.co.il MEXICO Tel. +52 55 52822511 Email: antennamessico@mi.camcom.it MOROCCO Tel. +212 22 470813/4/6 Email: ufficio.marocco@mi.camcom.it PERU (Colombia, Ecuador, Venezuela, Rep. Dominicana, Costa Rica, Honduras) Tel. +51 1 4476447 Email: desk-acca@mi.camcom.it POLAND Wlosko-Polska Izba Handlowo-Przemyslowa ul. Nowy Swiat, 39 Tel. +48 22 8263484 / 8289095 Email: writeus@italpolchamber.pl PORTUGAL Camera di Commercio Italiana per il Portogallo Tel. +351 21 7950 262/3/4 Email: incisa@ccitalia.pt RUSSIA Promos Tel. +7 495 7376478 / 75 Email: info@fieramilano.ru Desk Fiera Milano c/o Expocentre: Tel. +7 495 255 3996 email: 1@fieramilano.ru SINGAPORE (Malaysia, Indonesia, Brunei, United Arab Emirates) G&B ASIA Tel. +65 66220850 Email: gori@gbasiagroup.com Email: cbiserna@gbasiagroup.com United Arab Emirates G&B ASIA Tel. +971 4 3679100 Email: gori@gbasiagroup.com Email: Rodrigo.Sanchez@gbasiagroup.com SOUTH AFRICA Babrius cc Tel. +27 21 7887069 Email: babrius2@mweb.co.za SOUTH KOREA Tel. +82 2 7696860 Tel. +39 02 8515 5399 (Promos Milano) Email: caliandro@mi.camcom.it SPAIN Caltres S.L. Tel. +34 93 4143223 / 3182 Email: info@caltres.com SWEDEN (Denmark, Finland, Norway) Camera di Commercio Italiana per la Svezia Tel. +46 8 6112540 Email: info@italchamber.se SWITZERLAND Camera di Commercio Italiana per la Svizzera Tel. +41 44 2892323 Email: fiere@ccis.ch TAIWAN O.P.C. Orient Promotion Center Tel. +39 02 26113662 Email: opc@o-p-c.it THAILANDIA Thai Italian Chamber of Commerce Tel. +662 253 9909 Email: secretarygeneral@thaitch.org Email: wirote@thaitch.org TUNISIA Apreite Tel. +216 71 940479 / 515 Email: commerciale@apreime.com TURKEY Camera di Commercio Italiana in Turchia Tel. +90 212 2442268 int. 18 Email: cciist@cciist.com URUGUAY C/o Camera di Commercio Italiana in Uruguay Tel. +59 82 901 5005 Email: gfernandez@camitur.com.uy USA - LOS ANGELES Italy - America Chamber of Commerce West, Inc. Tel. +1 310 5573017 Email: rinaldi@iaccw.net USA MIAMI Italy - America Chamber of Commerce Southeast, Inc. Tel. +1 305 5779868 E-mail trade@iacc-miami.com USA - NEW YORK Italy - America Chamber of Commerce, Inc. Tel. +1 212 4590044 Email santoro@italchamber.org
INVESTING IN ITALY: A GUIDE INDEX CHAPTER 1 - INVESTING IN ITALY o An overview o The government o Country s appeal: venture costs o Economy and work o Industrial districts: an Italian economic success story o Operating plan: starting a business o Tax system o Learn more through the web o Territorial marketing websites CHAPTER 2 - SETTING UP A BUSINESS o New business environment Types of companies Groups Litigation - corporate proceedings Bankruptcy CHAPTER 3 - ITALIAN TAX SYSTEM o Direct taxes o Indirect taxes o Inheritance and gift tax o Taxation of resident corporations o Tax losses - withholding taxes - foreign tax credit o Taxation of non-resident corporations operating through an Italian permanent establishment o Tax treaties o Transfer pricing o Controlled and affiliated foreign company rules o Tax returns o Audits & litigation o Taxation of individuals o International accounting standards 2
CHAPTER 1 INVESTING IN ITALY Venice, Rome, Florence, Naples are cities that major cities in the Balkans, from Northern Africa have contributed towards raising western culture. and the Middle East. Since ancient times, Italy has been an important In Italy, transport system claims 6.500 km of stopping place to all Europeans travelers which highways, over 170.000 km of state, regional and were attracted by its old history charm and their main roads, and about 20.000 km of railway which love for the classics. The Beautiful Country, joins 8.100 cities, 146 ports and 101 airports. besides its mild climate and its various scenic Intermodal system is supported by a series of landscapes, holds an undiscussed cultural and infrastructures that exploit preferential traffic ways artistic primacy, to the point that the richest people in order to reduce goods loading/unloading times in the world buy villas and houses in the best and make shipping possible in shorter times and Italian places. But Italy is not just tourism and with competitive costs (at least on long distance). delightful locations. Italy is synonymous with Such infrastructures, concentrated in strategic knowing how to live, good quality personal points, are represented by interports and relationships, good food and great style. The intermodal centres. Italian sensibility to beauty and harmony, together The national interportal system, to which with its highly skilled artisans, make Italy the land considerable public contribution has been made, of elegance and beauty as revealed in its made is made up by 26 interports, active and developing in Italy, recognized all over the world for its ones. The railway infrastructures for intermodality excellence. Italy claims typical regional are 479, freight yards where shipping ways can be workmanship like Murano glassworks, furnitures swapped, and 8.6% of the freight yards (for a total from Brianza, Parma ham, Vietri dinnerware and of 41) are true intermodal terminals. Chianti wines, but also big national industries Therefore the infrastructure and the distribution such as fashion, design and home furnishings, network can widely spread over the land and food, machinery tools and instrumental serve it, but also Italian entrepreneurs ability - Go to Expopage to get the feature-length guide. mechanics. quite skilled in picking up and manage the right On top of all this, Italy has also extremely positive characteristics to locate investments; geographical position, infrastructure, rich market, qualified human resources, presence of entrepreneurial structural It s only 5 Euros + VAT grids; all these features make Italy the ideal bureaucracy delays. destination for profit bearing investment. Italy s geographical position, in the heart of the Mediterranean, is a crossing point for Eastern Europe, North Africa, and the Far East. Rome can be reached easily by plane in no more than 3 hours from any major European capital and any business opportunity - and their expertise, are positive factors, just like the land quality. http://en.expopage.net/portal/dossierlist.do? On the other hand, the main critical points are poor knowledge of foreign languages and 3