4 ms·

One of my Italian friends isn't really encouraged by this. And I quote: "I think that I close already 2 business in Italy due to the economic crisis, the fisca

by laex 12y ago

One of my Italian friends isn't really encouraged by this. And I quote: "I think that I close already 2 business in Italy due to the economic crisis, the fiscal pressure when I left Italy was about 65% (not it is more) and in the first year I went there the 30% of the shop in my city have closed (now it would much more) Even without reading I can tell you that opening a business there now is a suicide. "

mmf 12y ago
Looking for business in Italy may not be a smart idea now, but opening the R&D branch of your startup there could well be brilliant.
licnep 12y ago
If I recall correctly they introduced some fiscal incentives for new companies so that they end up paying around 10% in taxes. But that's only as long as the founder is considered "young" or i think as long as the revenue is below a certain limit. The problem is that once the limit is surpassed, the fiscal pressure in Italy is indeed very high. I wouldn't really suggest founding there, unless it's something related to fashion/food/tourism...
gcb0 12y ago
i doubt anyone is going to open up a bakery there. So the worse the economy the better. now, think all the good engineers you can hire for cheap and churn out products for the US market.
- tigroferoce 12y ago
  Ok, but in this case shouldn't it be better to go remote and open to the whole world? BTW, I love in Italy, I have a phd and I am seeking a new job, so if you want to give R&D in Italy a try, drop me a line ;-)
BrokenPipe 12y ago
I agree with your friend. Avoid Italy. There's no good reason to open in Italy, especially when in EU you can open in many other places which are much cheaper and easier to deal with.
mino 12y ago
I fail to see the connection between opening a startup and the current crisis, honestly. Or with the closure of 30% (?) of the local shops. Also, there are a few interesting tax incentives that are finally available. For example, a law passed last month introduced 25% and 50% tax credits (depending on the expense category) on R&D investments, including labour costs for "highly trained" (MSc or PhD) workers. Sure, Italian bureaucracy is not straightforward for a foreigner and you'll need to speak the language, but generalisations like that quoted above are misleading exaggerations. Italians, especially expats (I am one), tend to victimise themselves and to reason with stereotypes. The "even without reading" part sounds like that.
- tigroferoce 12y ago
  Sorry to disagree. I am an Italian (one who did not leave) and the situation is the same as always. Sad to say that this is a doomed country.
- danmaz74 12y ago
  Couldn't agree more. If your startup sells internationally, the current crisis won't affect you.
  - pmontra 12y ago
    Maybe, but you'll still be paying more taxes than you would if you were based in almost any other country. Too many useless state expenses here, and they turned into too much debt and taxes. Check how many Italians with the skill set to open a startup moved to London and Berlin in the last few years.

by laex 12y ago

mmf 12y ago

Looking for business in Italy may not be a smart idea now, but opening the R&D branch of your startup there could well be brilliant.

licnep 12y ago

If I recall correctly they introduced some fiscal incentives for new companies so that they end up paying around 10% in taxes. But that's only as long as the founder is considered "young" or i think as long as the revenue is below a certain limit. The problem is that once the limit is surpassed, the fiscal pressure in Italy is indeed very high. I wouldn't really suggest founding there, unless it's something related to fashion/food/tourism...

gcb0 12y ago

i doubt anyone is going to open up a bakery there. So the worse the economy the better. now, think all the good engineers you can hire for cheap and churn out products for the US market.

tigroferoce 12y ago
Ok, but in this case shouldn't it be better to go remote and open to the whole world? BTW, I love in Italy, I have a phd and I am seeking a new job, so if you want to give R&D in Italy a try, drop me a line ;-)

BrokenPipe 12y ago

I agree with your friend. Avoid Italy. There's no good reason to open in Italy, especially when in EU you can open in many other places which are much cheaper and easier to deal with.

mino 12y ago

I fail to see the connection between opening a startup and the current crisis, honestly. Or with the closure of 30% (?) of the local shops. Also, there are a few interesting tax incentives that are finally available. For example, a law passed last month introduced 25% and 50% tax credits (depending on the expense category) on R&D investments, including labour costs for "highly trained" (MSc or PhD) workers. Sure, Italian bureaucracy is not straightforward for a foreigner and you'll need to speak the language, but generalisations like that quoted above are misleading exaggerations. Italians, especially expats (I am one), tend to victimise themselves and to reason with stereotypes. The "even without reading" part sounds like that.

tigroferoce 12y ago
Sorry to disagree. I am an Italian (one who did not leave) and the situation is the same as always. Sad to say that this is a doomed country.
danmaz74 12y ago
Couldn't agree more. If your startup sells internationally, the current crisis won't affect you.
- pmontra 12y ago
  Maybe, but you'll still be paying more taxes than you would if you were based in almost any other country. Too many useless state expenses here, and they turned into too much debt and taxes. Check how many Italians with the skill set to open a startup moved to London and Berlin in the last few years.