Business Partnership Rome
How to Create a Business Partnership in Rome
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Joining forces with a Roman business can be an effective strategy for firms wanting to offer their services in Rome, or aiming to bring a little of Italy’s allure back home. Cooperation can take various forms - production agreements, joint ventures, franchises, technology transfer and joint research projects. What is important is to find a reliable partner.
There are no firm rules for finding business partners in Italy.
Networking is one of the best routes: you can develop a personal relationship with a person you trust.
Developing a relationship through an online forum or social network dedicated to professionals can yield good results. Personal contacts, built during a stay in Rome, also work great.
But by networking only, you may find yourself unable to find the person with the right set of skills or resources you need for a successful partnership.
There are many official resources ready to help you find the right partner in Rome.
The Chamber of Commerce of Rome, the Italian Institute for Foreign Trade (ICE), branch offices of the main credit institutions and local Italian embassy offices all assist entrepreneurs wishing to find business partners in Rome. All these bodies provide personalised information and consulting services.
When you have found the right person, it’s time to craft a partnership agreement. Agreements are theoretically unlimited, being dependant by the free will of parties and not regulated by laws. Partners can opt for a contract outside the forms listed in the Italian Civil Code. But for a better protection, it’s better to stick to the most common kinds of partnerships, like franchising and joint venture.
In the franchising contract between two economically independent parties. the franchiser grants to the franchisee the right to use trademarks, logos and copyrights, subject to certain specifications.
In the joint venture companies cooperate for the purpose of carrying out a particular business project, or embarking upon a long-term business relationship. There are two main types of joint venture that reflect the most common instances:
Corporate joint ventures: in which the partners set up a new company in Rome in line with the Italian Civil Code.
Contractual joint ventures: two or more partners agree to join forces to achieve some specific, short-term goal.
In order to facilitate the search for a business partner in Rome and in the rest of the European Union, the Formez Institute has developed a database of potential partners in various fields of activity.
Another tool for businessmen seeking for a business partner based in Rome is the European business register.
The various offices of the National Institute for Foreign Trade (ICE) outside Italy are a meeting point for Italian and foreign entrepreneurs wishing to initiate partnerships.
In addition to these resources for finding a commercial partner in Rome, every Region, including Lazio, has an office of the National agency for inward investment promotion and enterprise development. These offices assists overseas businesses in finding partners in Italy, offer advice and assistance to ongoing or new business and give also services and support in the financial field.
The Chambers of Commerce of Rome also is a good resource for finding a business partners in Rome.
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