Italy

Economic Overview

• Fifth largest economy in USD exchange-rate terms & eight largest in terms of purchasing power parity.
• Diversified industrial economy.
• Most of the raw materials for the industries and 3/4th of the energy requirements are imported.
• Economic strength is in the processing and the manufacturing of goods, primarily in the small and medium-sized family-owned firms.
• Largest producer of rice, fruits and vegetable in Europe.
• Ranks second in world for exporting wine.
• Luxury goods industry is an important sector.
• Import growth continues to outpace export growth.

Contacts of Trade Ministries/ Associations

Business Visa Rules
In Italy, its a rule that every foreigner must register with the local police station (Questura) within 8 days from the date of arrive. Business visa in Italy is allowed for the following visitors:

• One who visits for attending any business meetings or discussions;
• One who attend sales calls to potential client in the provided that the employee represents a commercial entity outside Italy or the International Market;
• One who attend trainings, conferences or seminars.

• Business Visitors must have a residence and an employer outside of Italy. He/she must not be in any manner subordinate to the management of the entity doing business in Italy, and must be traveling to Italy for a limited and a pre-set time period.
• Business Visitors should not receive compensation from sources within Italy; however, incidental expenses like accommodation, travel, and meals may be paid by the host.
• Business Visitors must have evidence of adequate funds to defray expenses while on the business visit.
• Business Visitors must have specific, realistic and pre-determined plans for his/her stay in Italy.
• The period of intended stay must be consistent with the intended purpose of the trip.