Investment in Italy

PrefaceInvestment in Italy is one of the series of booklets published by KPMG to provideinformation of interest to those considering investing or doing business in the appropriatecountries. This publication has been prepared by KPMG in Italy.Every care has been taken to ensure that the information presented in this publication iscorrect and reflects the situation at 30 September 2010. Its purpose is to provide generalguidelines on investing or doing business in Italy. However, the reader should be awarethat the general framework of the legislation and the detailed regulations underpinning itare subject to frequent changes. Therefore, before taking specific decisions, further adviceshould be sought. If there is a significant lapse of time between determining a strategyand its implementation, any advice obtained which is critical to the strategy should beconfirmed.KPMG in ItalySeptember 2010Sixth edition© 2012 KPMG S.p.A., KPMG Advisory S.p.A., KPMG Fides Servizi di Amministrazione S.p.A., KPMG Audit S.p.A., Italian limited liability share capital companies, and Studio Associato Consulenza legale e tributaria, anItalian professional partnership, are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.