INVEST IN LOMBARDY P O S T - B R E X I T E U R O P E : W H Y M I L A N & L O M B A R D Y A F T E R L O N D O N www.lexia.it
INVEST IN AGENDA LOMBARDY 5. HOW CAN LEXIA 1. WELCOME TO 2. 10 REASONS TO 3. KEY SECTORS 4. TIPS TO FOREIGN AVVOCATI HELP YOU MILAN, LOMBARDY CHOOSE MILAN, INVESTORS LOMBARDY
INVEST IN LOMBARDY WELCOME TO MILAN, LOMBARDY
INVEST IN WELCOME TO MILAN, LOMBARDY LOMBARDY: THE RIGHT PLACE TO INVEST Milan is the capital of Lombardy , Italy’s wealthiest region and one of Europe’s strongest economies. The city will be the second largest post- Brexit economy amongst European ci=es, the largest among non-capital ci=es Op=ng for Milan is to choose one of the most aWracXve and internaXonal ci=es in the world. Home to more than 100 consulates and foreign commercial offices, Milan is second only to New York . Out of the global top ten mulXnaXonal companies , seven have offices in Milan Milan is an excellent business environment : listed within the top ten ciXes for investment projects in Western Europe, it is the bridge that connects the north with the south of the con=nent and represents a strategic hub for EMEA markets Milan is a major European financial centre : home to more than 170 banks , the city is a gateway for interna=onal capital markets. It hosts the Italian Stock Exchange , closely linked with the London Stock Exchange
INVEST IN MILAN, LOMBARDY:FACTS LOMBARDY AND FIGURES 22% €49.921 251.542 >3.000 >800 Lombardy generates Milan Milan Milan Milan 22% of Italy’s GDP, generates 9% of is a very diversified is an aSrac=ve city: is a cluster of higher than Austria, Italy’s GDP . GDP per pool of talents : home to more than innova=on: with Denmark, Finland, capita amounts to 251.542 students are 3.000 mulXnaXonal over 800 Ireland and Portugal €49.921, twice the currently enrolled in companies with startups , the city is a na=onal and EU Lombardy more than €175 European hub for average universiXes billion of turnover disrup=ve companies
INVEST IN LOMBARDY 10 GOOD REASONS TO CHOOSE MILAN, LOMBARDY
INVEST IN 10 GOOD REASONS TO LOMBARDY CHOOSE MILAN, LOMBARDY A GLOBAL INTERNATIONAL EMEA MARKETS BUSINESS THE ITALIAN CONTEXT DESTINATION APPEAL ENVIRONMENT HUMAN CAPITAL INNOVATION REAL ESTATE QUALITY OF LIFE POLICY MEASURES
INVEST IN 1. THE ITALIAN CONTEX LOMBARDY A PRODUCTIVE FISCAL ECONOMY INCENTIVES STRUCTURAL REFORMS The Italian tax system is changing to beSer support companies and investors: With the aim to boost • A reduced corporate tax with a total GDP of compeXXveness and (From 27.5% to 24%) $1.821.597 , Italy is the produce economic growth, • New flat tax on capital third economy in the Italy started an ambi=ous gains on investment in Eurozone, the eight in plan of structural reforms : foreign countries the world. Italian • JOBS ACT (€100.000 for 15 years) consumers’ net wealth is • Reform of the Civil Jus=ce • “ Decreto Pagano ” eight Xmes bigger than System their disposable income • Reform of the public (higher than USA and administra=on Germany) • Industria 4.0 Source: CCIA Milano; Invest in Lombardy Research Unit on Eupolis and Istat data
INVEST IN 2. BUSINESS ENVIRONMENT LOMBARDY Global reach The Milan metropolitan area accounts for nearly 1/3 of all foreign invested firms in Italy. Business hub Milan is the European city with the highest density of mulXnaXonal companies : home to 3.000 mul=na=onal companies, 274.000 employees and a turnover of € 175 A growing global capital billion Milan is the Italian financial centre: home of the Italian Stock Exchange, it hosts 198 banks and 7 of top 10 global mulXnaXonal companies A dynamic environment Star=ng a new business is easy and simple: it takes 6 working days , faster than in the UK and Germany A business mentality Lombardy has more than 800.000 companies , one for every 100 inhabitants. 1 in 8 inhabitants is an entrepreneur Open to foreign companies Lombardy hosts 6.398 foreign companies , giving work to more than 575.000 employees and genera=ng a turnover of € 257 billion. Milan is home also to the second greatest exhibiXon space in Europe Policy measures: AWrACT Agreements in which the Municipality and Lombardy Region engage to implement concrete acXons to facilitate investments on the territory Source: CCIA Milano; Invest in Lombardy Research Unit on Eupolis and Istat data
INVEST IN 3. INTERNATIONAL APPEAL LOMBARDY 60% 34% 92% Lombardy aSracts Out of 100 top Milan is home to more than 60% of mulXnaXonals that more than 3,000 all the Foreign have invested in mulXnaXonals , Direct Investments Italy, 92 are housed 34% of the total coming to Italy in Lombardy at na=onal level Source: CCIA Milano; Invest in Lombardy Research Unit on Eupolis and Istat data
INVEST IN 4. ACCESSIBILITY TO EMEA LOMBARDY MARKETS INFRASTRUCTURE STRATEGIC POSITION Lombardy is a gateway to a • 900 km of na=onal roads poten=al market of 500 million • 11,000 km of provincial roads consumers within the EU and 270 • 58.000 km of municipal roads million in North Africa and the • 573 km of highways Middle East , an area represen=ng • 4 interna=onal airports 1680 km of railway network the 15% of global GDP • THE ITALIAN WAREHOUSE A KEY LOGISTIC NODE • Lombardy hosts 145.720 warehouses , Milan is a key logisXc node within 20% of the Italian stock Lombardy, Italy’s main logis=c centre • Half of all goods flying to and from Italy with 1.476 companies acXve in the pass through Milan airports sector Source: CCIA Milano; “Why Invest in Milan” by JLL; Osservatorio Invest in Lombardy; FDI Intelligence; Invest in Lombardy & World Capital Report
INVEST IN 5. A GLOBAL DESTINATION LOMBARDY A GROWING DESTINATION • 21.700.000 overnight stays in Lombardy in 2016 • 54% of interna=onal tourists • 46% of na=onal tourists • € 4.1 billion of business in 2016 MILAN: A GLOBAL SUCCESS • 7,6 million tourist arrivals in Milan in 2016, +48% since 2008, +100% since 2000 • 1 st touris=c des=na=on in Italy in 2016 • 6 th touris=c des=na=on in Europe in 2016 14 th touris=c des=na=on in the world in 2016 • Milan is the second European Best DesXnaXon amer Oporto (BDE Ranking 2017) GREAT TOURISM FACILITIES • 3.279 accommodaXon facili=es in Lombardy, of which 1.000 in Milan • Lombardy is a land of amazing villages and lakes : they account respec=vely for over 48% and 41% of total touris=c demand • 130 protected areas make Lombardy one of the greenest regions in Italy Source: CCIA Milano; “Why Invest in Milan” by JLL; Invest in Lombardy Research Unit on Eupolis and Istat data
INVEST IN 6. HUMAN CAPITAL LOMBARDY 17% 500 10% 12 500 12 10% 17% RESEARCH CENTRES UNIVERSITIES POPULATION INTERNATIONALS Lombardy accounts within the Milan Almost 1 in 5 for 500 research and Lombardy Region, universi=es interna=onal development centres, 8 within Milan represent 10% students in Italy are 10 sciences and with more than of Italian enrolled in Milan technology clusters. 250.000 students university universi=es enrolled popula=on Source: CCIA Milano; Invest in Lombardy Research Unit on Eupolis and Istat data
INVEST IN 7. INNOVATION – A SMART LOMBARDY CITY INNOVATIVE STARTUPS Milan is the Italian capital for innovaXve startups : SMART CITY TECHNOLOGIES COMPETITIVE ADVANTAGE 926 , 15% of the country’s total. Since 2007, Lombardy has seen the growth of 12.000 One of the most cabled ci=es in Europe, Milan is in Milan is the best Italian City for the ICT clusters in knowledge-intensive start-up s the TOP 3 EY Smart City Index 2016C terms of infrastructure, labour availability and quality POLICY MEASURES CONNECTIVITY The city of Milan has launched a new “ Plan for Milan has been one of the first European testbeds for 5G connec=vity Digital TransformaXon ” set to transform Milan in a European Capital for Smart City and IoT technologies Source: EY Smart City Index 2016; Invest in Lombardy Research Unit
INVEST IN 8. REAL ESTATE LOMBARDY €1.596 BLN 4 th €500 +15% A COMPETITIVE A TOP GLOBAL AN ACTIVE MARKET SPECTACULAR ADVANTAGE DESTINATIONS SUPPLY With a Rental Price of In 2015, Milan was the 4° The market of real estate The office supply in prime office properXes Real Estate Market in investments in Milan is Milan accounts for of €500 sqm/year , Europe. 80% of very dynamic: in 2016 3.4 million square Milan is more investments originated transac=ons accounted meters, increased in compe==ve than from investors outside for € 1.596 billion 2015 by 15,8% Europe London, Paris, Geneva and Dublin Source: CCIA Milano; “Why Invest in Milan” by JLL; Osservatorio Invest in Lombardy; FDI Intelligence; Invest in Lombardy & World Capital Report
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