Are you thinking of how to start a business Italy, probably, you want to start a business in the country but you don't know where to start from. Well, this post will help you get started as we will be explaining the business environment and how you can start your business in the country.
You need to build a strong business relationship with your Italian partners; this is important Italian business culture and one of the things entrepreneurs who are looking for how to start a business Italy should pay attention to. Ideally, a well-connected individual in the country can help you to achieve your business goal with ease.
Trust is important in their business settings, make sure your business partner likes and trusts you. Note that during a business meeting in the country, disagreement is normal, so do not be frightened when that happens. However, first meetings are usually informal, this first meeting is the time for them to evaluate and build a relationship instead of making business decisions.
For Italians, your appearance matters a lot, so make sure you look good when meeting your business associate in the country. This alone can help you strengthen your business relationship with the Italians, hence business owners who are looking for how to start a business Italy should make sure they follow this same rule so as to get ahead with their business in the country.
Italians follow the hierarchical form in all aspects of their life and the people respect power and age in the country.
The decision-making process in the country is always slow and it is not advisable to use pressure on them during this decision-making process.
Work hour in the country is from 8:30/9:00 AM to 6:00/6:30 PM from Monday through Friday. Most Italians are Catholics so you should avoid organizing meetings during the festive period in the country.
During the introduction, shake hands with all members, the same rule is applicable when you are leaving. All handshakes must be with your right hand.
Italians respect their elders a lot and for this reason during the introduction, you'll be introduced to the elderly and women before other people in the meeting.
Buongiorno and Buonasera are wors for good morning and good afternoon/evening respectively in the country and it is polite to greet people with these words in the country.
It is advisable to use Signor which means Mr. or Signora which means Mrs. While addressing your business partner in the country. Only use these words with their surname except when you are invited by the host to use their first name.
Italians hate rudeness and arrogance, so don’t display that part to them during a business meeting.
Make sure you don’t give any gift to your business counterpart until you receive a gift from them.
With that being said let’s see how you can start your business in the country.
Interestingly, Italian government supports foreign investors technically and financially. This depends on the amount of money you want to spend and where you want to establish the business.
When you are looking for how to start a business Italy, you have to choose the best business structure that suits your business. However, in the country, there are two business structures to choose from which are SRL and SpA. SRL is a limited liability company while SpA is Public limited company.
Once you have chosen the company type, the next step will be to register your company in Italy. You have to register your business with the appropriate bodies in the country and also follow the due process while registering the company.
It is important to create a website for your business and this is one of the best steps to take when starting your business in Italy and other parts of the world. With a website, you'll be taking your business to the international level as people can patronize your business with just a click. So, creating a website should be on your to-do lit when you think of how to start a business Italy.
Just like having a website for your business is important it is also important to create a marketing campaign for your business. A marketing campaign will help you to promote your business and make sales. Planning is important at this stage; you need to be very careful to avoid mistakes that will hinder growth at this stage.
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How To Start A Business Italy Table of Contents
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