Investor Visa Italy Investor Visa Italy / 1 | Page 5

Why invest and live in Italy It is highly probable that you are one of the many people who love Italy, a country full of natural and cultural wonders, boasting millenniums of history, and motherland of iconic products which contributed to create the “Italian style” appreciated worldwide. Moreover, Italy is a great choice for your journey, the perfect place to live in. For all these reasons and much more, maybe you are considering to invest in Italy. Italy is ranked the 3rd largest national economy in the Eurozone, the 8th in the world The national market comprehends 60 million people with access to 500 million consumers in the European Union, as well as 270 million from North Africa and the Middle East. Also, the Italian manufacturing sector is the 2nd strongest in Europe thanks to the extraordinary know-how of the companies oper- ating in machinery and automation, fashion and design, food and cooking. Our researchers and research institutes are prominent in many areas of knowledge and more than 20 Italian universities are among the 500 best in the world. In conclusion, no other country could provide this great potential and the same quality of life! 2017. Italy’s three-spot rise to 13th ties for the second-largest positive gain in this year’s Index. This strong gain comes despite mixed macroeco- nomic indicators and political volatility after the country’s December 2016 referendum. The economy grew by a sluggish 0.9 percent in 2016, and the IMF projects growth of just 0.7 percent and 0.8 percent in 2017 and 2018, respectively. More positively, separate reports by the Organisation for Economic Co-operation and Development (OECD) and Italy’s National Institute for Statistics announced in February that the manufacturing sector, a major driver of the country’s economy, is showing signs of recovery, and the service sector grew at its fastest rate in 14 months. Italy gains the pole position for quickness and legal guarantees The Doing Business 2018 report underlined the merits of the Italian notaries in making the estab- lishment of a company simpler, quicker, and safer (thanks to the electronic data transfer to the Re- gistro Imprese archive). The report, analyzed by the Italian National Council of Notaries, points out that, since 2013, Italy gained 24 positions in the “Starting a Business” chart. In addition to the quantitative aspects, since 2015, the Doing Business started to measure the final score taking into consideration also the quality of the economic infrastructure and the legal secu- rity, in accordance with the recommendations of the main international organizations (OCSE, GAFI, IMF, and the World Bank itself). The “Registering Pro- perty” indicator, which influences the final score, now takes into account the controls held by notaries and the legal system quality. Taking into account the purely qualitative aspect of real estate transfers, Italy (with a score of 26.5 points out of 30, far above Belgium 22.5, Germany 22, Spain 22.5 and Switzerland 23.5 and to the OECD 22.7 average of high-income countries) is still confirmed this year in the highest part of world rank. As far as the corporate constitution is concerned, Italy – from 2013 onwards – has earned about 24 positions and currently has a much better (even as absolute rank) DTF value than that of Switzerland, Spain, and Germany. The “Registering Property” indicator has made up another place (rising to the 23 rd position of the chart) and confirms Italy among the top rankings (with a 0.01 percentage point improvement in the DTF standard index that describes the distance from the top performance). The “Starting a Busi- ness” indicator also shows a substantial stability (DTF improvement of 0.02 percentage points). These results confirm the stability of the Italian economy which now can offer even more guarantees in terms of safety to the national and foreign in- vestors interested in investing in Italy. Source: Appunti / Doing Business e Notariato by Antonio Cappiello, National Notary Council, Studies and International Relations 3