Invest in ITALY - Esteri · global market. 200 companies active in Biopharmaceutical sector. • In...

Invest in ITALY

Ministry of Foreign Affairs and International Cooperation

Directorate-General for Country Promotion

Office III – Foreign Investments to Italy

Taipei

11, November2019

Speaker:Massimiliano Iacchini

Table of contents

1. GOVERNANCE

2. WHY INVEST IN ITALY

3. ITALY IN THE WORLD INDEXES

GOVERNANCE

Governance

«Sistema Italia»: FDI promotion governance

STRATEGY COORDINATION FDI SUPPORT

Public Sector: Min. Eco. Dev., Min. Finance

- Committee for the Attractionof Foreing Investments

Public Sector – GovernamentalAgencies (operational):

ITALIAN TRADE AGENCY & INVITALIA

Private Sector: CONFINDUSTRIA, Italian Savingand Deposit State Bank (CDP),

Industrial districts

Regions→ Conference of Regions and Autonomous

Provicnes

Steering Committee Diplomatic-Consular network and IT Trade Agency FDI Desks / Units

Ministry of Foreign Affairsand International Cooperation

126 Embassies

80 Consulates

79 Trade

Commissions

18 FDI Desks / Units

Governance

FDI on the way!

Embassies

and

Consulates

FDI Desks / Units(Italian Trade &

Investment Agency)

Ministry of

Economic

Development

Italian

Stock

Exchange

Italian Saving and

Deposit State

Bank (CDP) FDI Offices

at regional

level

Conference

of Regions

Italian Trade &

Investments

Agency

Foreign

Investor

Inter-ministerial Committee for

Foreign Investment

Attraction (CAIE)

INVESTMENT

Ministry of

Foreign

Affairs

Dept. of

Public Adm.

Ministry of

Economy and

Finance

InvItalia

S.p.A.

The Inter-Ministerial Committee for Foreign Investment Attraction

• Ministry of Foreign Affairs and International Cooperation (MAECI)

• Ministry of Economic Development (MiSE)

• Ministry of Economy and Finance (MEF)• Dept. of Public Administration• Committee of Regions• Others stakeholders

The FDI Attraction Committee (CAIE) is the key body which hasthe specific responsibility of assisting and supporting majorforeign investment projects in our country and drafting /recommending reforms in order to facilitate the business climatein Italy.

In 2017, CAIE established a Working Group for InternationalIndexes.

Governance

Objectives

To promote durableinvestment in Italy, investorswill be allowed to enter andstay in Italy thanks to theInvestor Visa

Governance

Actions

The Budget Law 2017 introduced in the Consolidated Act on Immigration a new type of Visa, the INVESTOR VISA, lasting 2 years, for non-EU citizens who intend to invest or

make a philanthropic donation in Italy.

The procedure is entirely online: all communications are made

electronically through a dedicated web-site. The authorization for the

issuance of the visa is completed within 30 days from the submission

of the application.

Benefits

An important tool to attract Investors: the Investor Visa

https://investorvisa.mise.gov.it

FDI - The importance of cooperation with the private sector

In 2014 Confindustria (Association of Italian Industries),approved a new Statute that sets the guidelines forsupporting the “retention” of foreign investors in Italy.Among the new features, the establishment of an AdvisoryBoard of Foreign Investors. Confindustria has a widenetwork in all regions of Italy.

Governance

A success story of coordination for lobbying and promotion of Foreign Investments

An excellent example of coordination of the Ministry of Foreign Affairsand the network of embassies has been the lobbying for thecandidature of the Italian Saving & Deposit State Bank (CDP) to host inRome the 2021 edition of the “International Forum of SovereignWealth Funds” (IFSWF).

The 2021 edition of the IFSWF will be the occasion to promote thestructure of CDP’s funds and to encourage the attraction of capitalsand investments from abroad to our country.

CDP is the most importantfinancial State-owned institution,that supports theinternationalization of the Italianprivate sector. It is the Italian“Sovereign Fund”.

Governance

Objectives

Continue to seize everyopportunity to present toforeign investors the SpecialEconomic Zones (SEZ)located in the southernregions of Italy. At presentthe following SEZs areoperative:

Campania Calabria Adriatica Jonica

Governance

Actions

The 2017«Decree for the Growth» introduced the «Special Economic Zones» (SEZs) located in the South of Italy: SEZs are special schemes for

attracting domestic and foreign investors.

The Government has allocated EUR 50 million for 2019, EUR 150 million for 2020 and EUR 100

million for 2021.

Interests of investors are directed mainly to port facilities and relevant infrastructures

Simplified administrative procedures

Tax regime benefits

Benefits

«Special Economic Zones» (SEZs)

WHY INVEST IN ITALY

Why Italy is attractive for foreign investors?

The first three key factors for which Italyappears attractive to foreign investors, are: - Quality of human capital- Soundness of the banking system- Infrastructure and logistics

Aibe Index (Foreign Bank Association in collaborationwith Censis, the Italian statistic organization)

Why invest in Italy

• The stock of foreign FDI in Italy amounts to 480billion euro (2018), + 2.2% compared to 2015.

• In the second quarter of 2019, the stock of foreignFDI in Italy amounted to about 486 billion euros,while the stock of Italian FDI abroad amounted toabout 596 billion euros (Italian Ministry of EconomicDevelopment - Economic Observatory, 2019).

• As far as foreign FDI flows are concerned, there wasan improvement between 2017 and 2018. In 2017,foreign FDI flows in Italy amounted to about 10.5billion euros, while in 2018 they amounted to about34 billion euros (Italian Ministry of EconomicDevelopment - Economic Observatory, 2019).

usnews.com

Confindustria Report «Large Foreign Companies in Italy»

In 2016 in Italy the total of foreign companies operating in Italy was 14,616 (+4,3% compared to2015).

Foreign companies, even though they represent only 0.3% of the total number of companies inour country, offer jobs to 8% of those employed in the private sector and produce 18.3% of thetotal turnover of the Italian private sector.

Considering the direct, indirect and induced effects, for 1 new job in a multinational company, 4additional jobs will be generated in the entire economic system.

Why invest in Italy

Italy is among the 5 countries in the world having a trade surplus in the manufacturing sector (higher than 100 billion dollars)

2nd in the European Union973,0

376,4

213,0 207,5106,9

L’Italia in 10 selfie - symbola.net, 2019; fondazioneedison.it, 2019

Why invest in Italy

Global Attractiveness Index 2019 – The European House Ambrosetti

Italy is first in EU for pharmaceutical manufacturing and for high intensity of investment and technological competency in biotech

Second in the world for market sharein the fashion industry

Second in the world for trade surplus inthe wood-furniture industry and first inUE for export

• Italy is the leadingpharmaceutical producer in EUwith a turnover of 31,2 billioneuros. Biotech is worth 5% ofglobal market. 200 companiesactive in Biopharmaceutical sector.

• In the wood-furnitureindustry, Italy is second in theworld for trade surplus and first inEU for export.

• In the fashion industry, Italyproduces more than 1/3 of theadded value* in the EU.

Why invest in Italy

Italy is a leader in….



Italy is 1st in the EU for the number of manufacturing companies (387.000)

Why invest in Italy

….And Italy is also a leader in….

2nd country in the world for export value in the sector of Machinery and Automation

1st global producer in Ceramic Industry (ceramic tiles in Europe)

1st - Aerospace and Defense in the high tech sector in Italy - and 3rd exporter of helicopters in the world

1st global producer of make up (55% of global market)

1st producer in the world of Yachts with more than 40% of global orders

Number of manufacturing companies in EU Countries: France (241.000) Germany (197.000) Spain (166.000)UK (134.000)


deloitte.com, 2019

1st Country in the world in the luxury goodindustry with 24 companies in the TOP 100

China9 France

7 Germany5

Italy24

Japan6

Spain4

Switzerland9

UK10

USA14

Others12

• Among the TOP100 luxury goodscompanies of the world, 24 are based inItaly (first country in the world).

• More than 2/3 of these 24companies operate in the «clothing andfootwear» sector.

Why invest in Italy

#Italyisdifferent - ambrosetti.eu, 2018; L’Italia in 10 Selfie - symbola.net, 2019; coldiretti.it; ec.europa.eu; ansa.it

Italy is the most sustainable country in theagricultural industry.

1st Country in the world for DOP (ProtectedDesignation of Origin – EU GeographicalIndication) and IGP (Protected GeographicalIndication) products.

2nd in the world, after Spain, for organicallycultivated areas.

• In Italy there are 64.210 organic producers (twice compared to Spain and France which are in the second and third position).

• 55.331 agricultural enterprises are run by under 35.

Why invest in Italy

Italy is 1st in the EU for recycled waste with arate of 79% of waste recycled and 3rd amongthe biggest countries of the Eurozone for lessgreenhouse gas emissions per € of addedvalue generated.

• With 307 tons of raw material for every million euros produced, Italy is second in the EU for efficient use of materials, behind United Kingdom and in front of France, Spain and Germany.

• Considering the total amount of waste, Italy is the country with the highest percentage of recycling (79%), against France (55%), UK (49%) and Germany (43%). The EU average is 36%.

• For every kg of consumed resources, Italy produces €4 of GDP against a EU average of €2,24 (Germany, in second place, produces €2,30)

• Italy’s greenhouse gas emissions are 46% less than the EU average (for Spain, in second position, the figure is 25%).

Why invest in Italy



Greenitaly, Report 2019 – Fondazione Symbola

Italy is 3rd in the world for ISO 14001certification.

Why invest in Italy

….Leading the green economy

432.000 companies have invested in theGreen Economy over the last five years.

1 company out of 3 has invested insustainability.

3,1 million of jobs created in this sector(2018).

Greenitaly, Report 2019 – Fondazione Symbola

Fondazioneedison.it, 2019

Italian firms are among those in Europe that invest more in machinery and equipment: over thelast years, Italian investments have grown twice the rate of German ones.

In the EU, Italy is the 1st country for companies’ investments in Research and Development.Moreover, Italy is 2nd for the number of registered designs and patents by EUIPO (EuropeanUnion Intellectual Property Office).

Not everyone knows that…

Why invest in Italy

Italy is among the most automated countries in the world and the 6th country in the world forexport of robots for industrial use.

unesco.org; unwto.org

First in the world for UNESCO Heritage World Heritage sites

• Italy is the countryholding the record forUNESCO World HeritageSites with 55 sites in the2019 list.

• In 2019, the mostvisited UNESCO Site is thecity-center of Matera.

Why invest in Italy

Dream destination for tourists from all over the worldItaly is 3rd in EU and 5th in the worldfor international tourist arrivals with58,3 million (UNWTO, 2018)

• The Be-Italy research, carried outby Ipsos for Enit in 2017 in the entireworld, shows that Italy is in first place asdesired holiday destination according tothe respondents.

• In 2018, there were 123 milliontouristic arrivals in Italy with 426 millionovernight stays.

• Furthermore, Italy is the secondEuropean country for number ofovernight stays of non-EU tourists.

Italy ranks 8th in the Travel and TourismCompetitiveness thanks to its cultural,artistic, architecture and naturalresources and world-class tourisminfrastructure (WEF, 2017).

ITALY IN THE WORLD INDEXES

pwc.de

PWC 2018 Digital Tax Index(Tax Attractiveness for Digital Business Models)

• The index measures the countries’attractiveness in the digital sector.

• Italy is the country with the lowesttax burden on companies’ investments indigitalization.

First in the world for tax benefits in research,development and innovation sectors.

Italy in the world Indexes

usnews.com

U.S. News & World Report 2019 Best Countries

According to this ranking, Italy is the mostinfluential country in the world from thecultural point of view. • Italy is in the 18th place in the

Best Countries 2019 chart.

• Furthermore, Italy is in the Top10of several other US News World Reportrankings: second in the “solo journey”index; ninth (over 80) for internationalinfluence; ninth (over 26) as idealcountry to start a job career.


Italy ranks 1st in the Cultural Influence and Heritage indicators.

bloomberg.com

92,8

91,6

91,4

Bloomberg 2019 Healthiest Country Index

Italy is the 2nd healthiestcountry in the world.

• The Healthiest Country Indexclassifies 169 countries according to factorsthat contribute to determine the generalhealth of a population.

• Evaluation criteria take into accountenvironmental factors too, including accessto clean water and sanitation.


atkearney.com

2,101,90 1,87 1,85 1,79 1,78 1,72 1,67 1,67 1,65

0,00

0,50

1,00

1,50

2,00

2,50

A.T. Kearney 2019 «FDI Confidence Index»

Among the ten most preferred countries in the world by foreign

investors

• The report on the global flows of directforeign investments takes into account both theanalytical economic-financial data and the actualinvestment decisions of a wide number ofinternational operators.

• In the last 3 years Italy went up inthe ranking from the 16th to the 8th

position.


THANK YOU!

Taipei

11 Nov 2019

Speaker:Massimiliano Iacchini

Concept:Massimiliano Iacchini

Claudio Ramunno

Editing:Cristina Quinto

Contacts:

Massimiliano Iacchini Head of the Office III – Foreign Investments to Italy

General-Directorate for Country Promotion

Ministry of Foreign Affairs & International Cooperation

Piazzale della Farnesina, 1 – 00135 Rome - ITALY

www.esteri.it

T.: +39 06.3691 2769 / E-mail: [email protected]

http://www.esteri.it/

Invest in ITALY - Esteri · global market. 200 companies active in Biopharmaceutical sector. • In...

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