Agenzia nazionale per l’attrazione degli investimenti e lo sviluppo d’impresa SpA

INVITALIA: the gateway for foreign investors in Italy

Foreign Investment Commission58th UIA Congress in Florence, 30th October 2014

Poland

Ireland

Sweden

Italy

The Netherlands

Spain

Switzerland

Germany

Belgium

Francia

UK

252,037

377,696

378,107

403,747

670,115

715,994

747,436

851,512

924,020

1,081,497

1,605,522

Italy represents 1,6% of the global FDI stock (ranks eighth in Europe and seventieth in the world).

Source: UNCTAD, World Investment Report, 2014Value in billion dollars

Ranking

16 8

11 10 1112

10 14

20

28

15

21

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

-20

-10

0

10

20

30

40

50

13.3814.87

17.0619.4220.1323.29

42.5843.85

-10.84

20.08

9.18

34.32

0.93

16.51

236

162

INWARD INVESTMENT STOCK – EUROPE (mln dollars- 2013) GLOBAL FDI FLOW IN ITALY IN THE LAST 13 YEARS

Source: Unctad, World Investment Report, 2014

Italy attracts far less FDI than other large EU countries

Manufacturing industry Despite the crisis, Italy is the 5°

manufacturing economy Worldwide and the 2° in Europe

Innovative clustersItaly ranks 2° in the world for productive

innovation-oriented clusters

Value chainItaly produces high-quality goods with export-oriented companies present along all the value chain

(12°)

Business culture More than 4 million entrepreneurs

Stable social frameworkFair relationship between the social

partners

Nature of competitive advantageItaly ranks 11° worldwide per unique

products

Market sizeItaly is the 10° largest market in the world, with significant economies

of scale

Cultural heritageFirst worldwide for Unesco World

Heritage sites

Good positioning on sectors with high growth potential

Fashion, home furnishings, capital goods, aerospace, robotics, pharma

and bio-tech

International dimensionItaly ranks 12 worldwide in FDI

ranking by source and it is one of the world’s 10 leading exporting nation

with almost 500 billion euros of export

A great potential to value

Source: 2014 AT. Kearney, FDI Confidence Index

1 United States2 China3 Canada4 United Kingdom5 Brazil6 Germany7 India 8 Australia9 Singapore10 France 11 United Arab Emirates12 Mexico13 South Africa14 Switzerland15 Malaysia16 Sweden17 Chile18 Spain19 Japan20 Italy21 Belgium22 Netherlands 23 Denmark24 Turkey25 Indonesia

Italy makes a come-back to the FDI confidence index for the first time since 2005.

Moved-upMoved downStable

On-going reform process to bolster investor confidence

• Introducing nationwide standard procedures for any permits required.

• Adapting contractual rules to the specific feauture of each new investment

• Implement a consolidated text of Italian employment law.

Regulatory

certainty

• Reforming the Conference of services to speed-up the authorization processes

• Simplifying procedures for settling employment disputes• Streamlining court proceedings

Timescale

certainty

• Introducing tax agreements for investments above a certain threshold

• Introducing an Investors’ Desk at the Revenue Agency • Reforming the provision governing the abuse of right

Fiscal certainty

* Value calculated on a scale 1 to 3

The Government is engaged in setting-up a new set of reforms with the view to facilitate foreign investors throughout their investments’ life cycle.

Invitalia, the National Agency for Investment Promotion and Enterprise Development, operates on behalf of the Italian Government. Its aims are increasing the country’s competitiveness, especially in the Southern regions and supporting strategic sectors for development.

Invitalia mission

Our services

The service kit spans from updated information on the business environment to investment opportunities in specific sectors and business advisory services throughout the implementation process. Invitalia's services are tailor-made, free of charge and confidential.

Pre-investment information

Business set - up support

After care

Invitalia provides investors with preliminary information and strategic analysis apt to identify and select the best business opportunity

Invitalia facilitates the business set-up process through the provision of

operational services

Invitalia offers companies already in Italy a spectrum

of services for reinvestment and expansion (solution of

administrative issues, expansion of existing

facilities)

Information services Support/advisory services

Industrial Minimum investment program: 20 mln €Minimum of 7,5 €/mln in case of agro food processing activities

Turism Minimum investment program: 20 mln €

The Development Contract is an Agreement between the Ministery of Economic Development, acting through Invitalia and the companies involved to implement investment projects in Italy.

Grant and soft loan to capital investment and to research and experimental development investment

Leading multinationals have already benefited from the Development Contract: Rolls Royce, Unilever, Vodafone, Sasol, Denso

Incentives package: The development Contract

Energy Saving Minimum investment program: 20 mln €

A purpose-built network dedicated to bringing foreign business to Italy

Invitalia Business Network

Regions and local IPAs

Institutional Partnership

Provide opportunities to exchange information and know-how

Organize qualified projects targeting the domestic and international business

communities

Italian Diplomatic network Italian Trade Commission Confindustria Foreign Italian Chamber of Commerce

Foreign institutions, etc..

One stop shop

INVITALIA

Define investment packagesPromote business opportunities

Provide with investors tailored made services and facilitate the implantation process

Business partnerhsips

With the view to strenghten the promotional activities towards the target countries, Invitalia has set up a close cooperation with some leading mertchant banks worldwide.

Share promotional activities

Organize specific workshops and BtB

Identify potential leads among their clients

Channel multiplier

• BNL BNP Paribas• Unicredit • Bank of Tokyo Mitsubishi• China Development Bank• BankMuscat

Target countries

• United States• Japan• China • Gulf Areas• India

Invitalia also cooperates with numerous law firms both in terms of promotion activities and assistance for foreign companies in their implementation process

Philippe Tandeau de Marsac

Inward Investment

Invitalia

Agenzia nazionale per l’attrazione

degli investimenti e lo sviluppo d’impresa SpA

Via Calabria, 46

00187 Roma

ptandeaudemarsac@invitalia.it

www.invitalia.it

Contacts