What is the best way to initiate a business relationship in Italy?

Italians are often guided by their feelings and trust is very important in establishing a good business relationship. During a meeting, try not to create a sense of urgency since this can appear rude or a weakness. You should make small talk and demonstrate your interest in Italian food, art, fashion or sports.

What is Italy’s business etiquette?

In Italian business culture, gift giving is not particularly common. After a personal relationship has been established, it may be more appropriate to give small gifts. … Generally, men should wear dark coloured, conservative business suits, while women should wear either business suits or conservative dresses.

How do I start a business in Italy?

Your to-do list for starting a business in Italy

  1. Draft the company’s memorandum;
  2. Register your company and its bylaws before a notary public;
  3. Deposit the required documents with the Register of Enterprises in Italy;
  4. Buy corporate and accounting books (as specified by the Article 2478 of the Italian Civil Code).
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How do you greet a business associate in Italy?

Kiss or handshake? You may be used to greeting your Italian chums with a traditional peck on both cheeks but in the workplace this kind of behaviour should be strictly avoided. “In terms of business etiquette at a place of work, mawkishness, hugs and kisses are anything but acceptable,” warns Presutti.

How easy is it to do business in Italy?

As described in the global report Doing Business 2020, Italy still performs below the EU average for ease of doing business. Italy ranks 58th for overall ease of doing business and 98th for starting a business, out of 190 economies.

What is considered rude in Italy?

And please, do not burp or fart in public, it is considered extremely rude. Also, loud swearing and drinking alcohol from a bottle while walking the street, is frowned upon. Most Italians like some alcohol, but usually avoid to get drunk. … Italians expect to be respected and will respect you.

Do Italians like eye contact?

Eye Contact: Direct eye contact is expected and held during conversations. In some places in Italy, people may inadvertently stare out of curiosity. However, be aware that staring is generally considered rude and can also represent an act of defiance if a person of low social status stares at someone higher than them.

Is it difficult to start a business in Italy?

It is difficult to navigate the non-user-friendly system and its complex laws and procedures. You’ll need counsel and a good international accountant who knows the ins and outs of how to start a small business in Italy.

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What is a good salary in Italy?

A person working in Italy typically earns around 3,650 EUR per month. Salaries range from 920 EUR (lowest average) to 16,300 EUR (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

Do Italians use business cards?

Business cards can be exchanged at any time during a meeting. Italian business cards normally contain all important business information including: contact details, business position, education degree and/or professional titles. Sometimes, such titles are crossed out when the card is handed over.

Do you shake hands in Italy?

Italian greetings are usually warm and rather formal. The common greeting is a handshake with direct eye contact and a smile. If the greeting is between a man and a woman, the woman generally extends her hand first. People avoid shaking hands over the top of other people’s hands.

How do Italians like to be greeted?

When meeting new people, Italians greet them by shaking hands. They use two kisses (first on the right cheek and second on the left cheek) or a hug with friends (amici) they’ve known for a long time.

How do you negotiate a business in Italy?

During negotiations, Italians give importance to verbal commitments and the final contract is certainly based on previous informal agreements. Be patient, even when the timescale for conducting business is short, it is important to give time to your Italian partners.

Why is it hard to do business in Italy?

Major obstacles that companies may encounter when doing business in Italy are a complex bureaucracy and regulatory framework, a slow judicial system, and competitive challenges due to high levels of bribery, corruption and tax evasion.

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How long does it take to open a business in Italy?

Following recent reforms, opening an Italian company has become easier than in the past, the incorporation process takes a few more days (7 working days) than in some other European countries, but unlike most European jurisdictions VAT number and bank account for foreign owned companies can be obtained at a quicker …

How much does it cost to start a business in Italy?

When opening a joint-stock company (societa per azioni), a minimum of 50,000 euros is needed and the value is to be stated in the Articles of Association. The number of shares a held by a shareholder does not have to be identical to his overall investment in the company.

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