Italian businesses on the rise: Why Italy is becoming a hotspot for entrepreneurs

Italy has long been known for its beautiful architecture, delicious food, and exquisite wines, but in recent years there has been a shift in the country’s reputation. Despite being hit hard by the pandemic, Italy is now becoming a hub for ambitious entrepreneurs looking to take advantage of the country’s forward-thinking mindset and growing economy.

The Italian government has made significant efforts to improve the country’s economic landscape by implementing a series of important reforms, including tax incentives for startups, streamlined bureaucratic processes and a new “Investor Visa” program that makes it easier for entrepreneurs to move to Italy.

The startup scene in Italy is flourishing, with Milan and Rome leading the way. In 2020, Milan was ranked as the sixth-best city in Europe for entrepreneurs, based on factors such as the number of investors, availability of start-up jobs, and quality of life. Meanwhile, Rome was ranked as the fourth-best city in Europe for software developers, thanks largely to its growing tech scene.

This trend is expected to continue as more and more businesses choose to relocate to Italy. The combination of an affordable cost of living, dynamic cities, and access to the European Union’s single market has made Italy an attractive destination for international entrepreneurs.

One standout example is Milan-based design company, Moooi, which relocated from Amsterdam to Milan in 2019. The company cited the city’s vibrant design community, modern infrastructure, and access to the European market as the main reasons for the move. Similarly, tech giants like Google, Microsoft, and Amazon have all opened offices in Milan and Turin, further cementing Italy’s reputation as a tech hotspot.

In conclusion, Italy is proving to be a fertile ground for entrepreneurs looking to start or grow their business. With a supportive government, an improving economic landscape, and a growing startup scene, entrepreneurs are taking notice of the opportunities on offer. As Italy continues to attract talent and investment, it seems the country’s future is as bright as its past.