Italy

🇮🇹 Italy is one of the largest economies in Europe and the world, with a GDP of around $2.1 trillion, ranking 8th in terms of GDP volume. Its main industries include manufacturing, tourism, fashion, and agriculture.


🏞️ Tourism, for example, attracts more than 63 million tourists annually and accounts for about 10% of the GDP, making the country a leader in the EU in the production of high-quality goods and technologies. Italy’s exports are also impressive — around $660 billion annually, including textiles, food products, and machinery.


The tourism sector in Italy is particularly attractive for investors due to the strong flow of international visitors. In 2023, Italy became the second most popular destination in Europe and the fifth worldwide in terms of international visits, generating €51.6 billion in revenue.


📈 Forecasts for 2024 indicate that the tourism market will grow to $27.3 billion, with an expected average annual growth rate of 6.5% until 2034. Special attention is given to cultural and gastronomic tourism: by 2028, cultural tourism is expected to generate $12 billion for Italy, which is 160% more than the 2021 figures.


🚲 With the growing popularity of sports tourism, especially ahead of the 2026 Winter Olympics, an additional economic boost is expected, contributing around €14 billion in the coming years.


💸 This sector remains one of the most promising for business, providing sustainable growth and creating significant opportunities for investors in various tourist destinations across Italy.


🏢 Commercial real estate in Italy, especially in major logistics hubs, continues to develop and attract foreign investment. In 2023, the commercial real estate market grew by 7% due to increased demand for office and warehouse spaces, driven by the rise of e-commerce and remote work.


Milan, as a key business center, attracts significant investments in office and retail spaces, and commercial investment volume is projected to increase by 5–6% by 2025.


🏛️ The real estate sector is closely linked to tourism, offering additional opportunities for investors, particularly in popular tourist regions such as Tuscany, Sicily, and the Amalfi Coast.


In 2023, income from rental properties for tourism, such as short-term rentals through platforms like Airbnb, increased by 15%, showing high potential for investment in Italy's popular tourist areas.


🇮🇹 Italy’s appeal to foreign investors is also supported by a wide range of tax incentives and government programs. Starting from 2024, under the Development Contract program, major projects valued at €20 million or more are eligible for grants and concessional loans covering up to 75% of investments, especially in southern regions.


✅ For innovative startups, the Smart&Start Italia program offers interest-free loans covering up to 80–90% of project costs.


Furthermore, companies that produce high-tech products can benefit from tax incentives, including the Patent Box, which allows up to 210% deduction on R&D expenses.


💰 Special Economic Zones (SEZs) offer simplified procedures and tax credits for initial investments of up to €100 million, making Italy especially attractive for investors in high technology, innovation, and real estate.