As a member of the European Union, Italy applies the principle of freedom of establishment and non-discrimination. Thus, foreign investors can carry out any type of activity in the same conditions as a local investor. In addition, no specific legal text governs foreign direct investment. The regime is in alignment with that applicable to local investment.
Acquisition of Holdings
Acquiring a majority holding in the capital of a local company is authorised in Italy, except in certain sectors (such as telecommunication and energy).
Obligation to Declare
Italian Trade Agency, the agency responsible for the promotion of foreign investment in the country, gives information about the authorisations necessary for setting up business.
Requests For Specific Authorisations
Foreign investors are subject to particular measures (prior authorisation issued by the competent ministry and restrictions concerning the permitted amount of equity acquisitions) in the following sectors: - telecommunications and press - airline and shipping companies - electricity and gas - petroleum exploitation
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