Business Support for Latvian Companies in Italy: Cooperation with LIAA
In an increasingly interconnected global economy, fostering international business growth is paramount.
This article delves into a collaboration between foreign small and medium-sized enterprises (SMEs) seeking expansion opportunities in Italy and the Latvian Investment Agency (LIAA): an example of Synergistic Cooperation.
While not a traditional partnership, the cooperation between the private sector (for example professionals like business development expert or companies) and government entities is ideal to facilitate cross-border economic development.
LIAA’s contribution to increase export and competitiveness of Latvian companies
Investment and Development Agency of Latvia (LIAA) has always been committed to fostering economic ties between Latvia and foreign markets.
It works to increase export and competitiveness of Latvian companies, facilitate foreign investment and implement tourism development and innovation policies.
LIAA helps companies finding potential cooperation partners where LIAA representative offices or Latvian embassies are located.
In an act of synergy, they can share contact information of Latvian entrepreneurs interested in Italian expansion with also italian business consultants, firms, service companies.
I have the privilege of following a latvian, ukrainian and polish company producing raw materials that had already invested in Latvia and in Poland, supporting them in opening now a company in Italy with Petrone & Partners Firms and in prospecting them a business development plan to establish their presence in Italy.
The Role of a Business Development Consultant
As a business development consultant specialized in helping foreign SMEs expand into Italy, I play a crucial role.
My expertise in Italian market entry strategies, together with a network of partners specialized in the legal, tax and human resources sectors, is a valuable resource for international entrepreneurs to help them deal with legal procedures and the intricate web of Italian business culture.
Business Consultant expertise spans a range of areas, from market research and sales to cultural understanding and risk assessment.
In essence, they are the bridge that connects entrepreneurs with the knowledge and strategies needed to navigate unfamiliar business landscapes.
The importance of having an expert accountant in Italy
A competent accountant can help foreign companies make the most of the tax benefits and incentive opportunities offered by the Italian government. This not only allows companies to reduce operating costs, but also contributes to improving competitiveness on the Italian market.
Another crucial aspect is the management of relations with local authorities and the role of mediation.
The accountant expert in internationalization like Petrone & Partners can act as an intermediary between the foreign company and the Italian institutions, ensuring clear communication and resolving any issues that may arise.
A concrete case of business support for latvian companies in Italy
Navigating the Italian Business Landscape is not easy!
Following the introductions, I guided with my accountant Partner a ukranian company, which is also based in Latvia and Poland, through the labyrinth of Italian business establishment.
This is an example of Business support for latvian companies in Italy.
Collaborating with Italian accountants, they facilitated the establishment of Italian companies and ensured legal compliance.
This step exemplified the dedication to the success of the entrepreneurs, emphasizing the value of cross-border collaboration.
I assisted the ukraninan entrepreneurs in crafting comprehensive business development plans tailored to the Italian market.
This strategic support laid the groundwork for their success in Italy, enhancing their competitiveness.
Conclusion:
While it may not be labeled as a formal partnership, the cooperation between a business development actor and the Latvian Investment Agency (LIAA) in Italy is a testament to the power of soft collaboration in the world of international business.
Through shared expertise, introductions, and the spirit of reciprocity, we are jointly fostering economic growth, embodying the essence of cross-border cooperation.
To find out how to start your business in Italy contact me!
