What Are The Ways You Can Get Funds For Starting A Business In Italy?

By Author: Abele
Total Articles: 71
Comment this article

Investing in Italy means that you will need to have enough funds and that can only be arranged with the help of the banks if you do not want to invest in your own money.

There are many options that are available in this context and they are:

• The first option that comes to everyone’s mind is that of the banks. For getting a loan you must have a business idea as well as a detailed plan of your proposed business. This business plan must be translated into Italian and must be in a format that is acceptable in Italy. If you think of starting a business in Italy you must be very meticulous in how you are presenting your business plan because the Italians are very particular about the way things are supposed to be done.

• The second thing that you can do is have a partner who is a citizen of Italy. The Italian partner will know the way things work. He also may have connections that will help you in setting up your business in Italy. The Italians give high priority to references and like to deal with people who they know and can trust. ...
... So, if someone comes through a reliable reference they will give them reference over those who do not have any local connections.
In Italy there are many types of lending tools that are available for doing business on the Italian land such as

• Loans and mortgage
• Lease
• Secured loan
• Short term credit
• Medium and long term credit

Apart from the above mentioned tools you can also get assistance from the government if you can convince them of your business plan and make them believe that your intentions are good. This assistance can be availed in the form of funds and incentives for your business.

This type of assistance is given to you by EU, by the state, by the region or by the province in Italy. The field of business for which you may get the incentives are

• Research and development
• Training
• SMEs
• New investment
• Export
• International business
• As investment in manufacturing

If you are a woman entrepreneur you can avail various incentives and special funds from EU, ZFU, state region and province. These are aimed at promoting the women of the country in setting up their businesses and adding to the growth of the country economically. This is also seen as a method of women empowerment that will decrease the gender inequality in the country.

Doing business is a skill and those who possess it can go a long way. It is only the businessmen that create jobs in the country and if more and more people try to become entrepreneurs there will be no lack of jobs for the youth of the country.

The author has put in an effort to bring awareness about the various tools that are available in Italy for starting a business.