Golden Visa Italy

The government of Italy has introduced a modality in the immigration laws called Investor Visa, which allows foreign citizens who are interested in investing a significant amount of money, the possibility to enter and reside in the country. And therefore quickly obtain the Italian investor visa together with their family members.

The most common ways to obtain this visa are:

• Make a philanthropic donation of at least 1 million euros to support a project of public interest.
• Investing 2 million euros in securities issued by the Italian Government.
• And finally Invest at least €500,000 Euros in equity instruments of a company incorporated and active in Italy.

Advantages of obtaining an investor visa in Italy

Italy’s investment visa modality is one of the most popular in both Europe and the world for good reasons:

• Your family members can also apply for a residence permit.
• As an applicant you will receive an entry visa and a residence permit valid for 2 years. Once expired, the permit is renewable for the next three years. After five years, you can apply for a long-term residence permit.
• Dual citizenship
• Italy is the third largest economy in the Eurozone and the eighth largest in the world.
• The possibility to stay in Italy or run your business from your home country without having to wait for further permits or visas.
• You will have the opportunity to enter other EU countries and Schengen area and stay every 90 days every 6 months.

Investment Visa in Italy

The process to obtain an investor visa in Italy is a quick and simple process, as long as you diligently comply with all the requirements and documentation that the country demands.

 Who is eligible for a visa in Italy?

Foreign citizens who meet the conditions and requirements requested by the country are considered eligible to apply for an investor visa in Italy.

 Benefits of the Italian investment visa

An Italian Golden Visa is one of the most sought after EU Golden visas as it is accompanied by the following benefits:

• Free transit in the EU
• Right to reside and work in Italy
• Tax benefits
• No officially restricted nationality
• Access to the education and health system
• High quality of life
• Living in a safe and modern country
• Your minor children, your spouse, including adopted children will be allowed to study in Italy at any level.

Requirements to obtain the visa for investment in Italy

To obtain an investor visa in Italy, you must meet a series of general requirements demanded by the country regardless of the investment option you choose, which are:

• You must be over 18 years of age
• You must demonstrate that you have sufficient funds to make any of the required investments, as well as the legal origin of these funds.
• No criminal record
• Experience in business or investment management
• Make the required investment depending on the option chosen
• Have sufficient financial resources for your family members during their period of residence.

Investment options for the Golden Visa Italy

To qualify for an investment visa in Italy, you must make one of the following investments:

Make a philanthropic donation of at least €1 million to support a public interest project.

This donation falls in the fields of culture, education, immigration management, scientific research, asset recovery, cultural environments, must be at least 1 million euros in the sectors of culture, cultural and landscape heritage recovery or for a public interest initiative.

Make an investment for a value of at least 2 million euros in securities issued by the Italian Government.

This investment must be maintained for at least 2 years. Once the Visa is obtained, you will be able to enter Italy and within three months you will have to conclude the donation that will be supported by a public deed, that is to say in front of a notary and in the presence of two witnesses.

An investment for a value of at least 1 million euros in the capital of an Italian company or 500 thousand euros in an innovative startup.

You must make an investment for a value of at least €1 million in the capital of an Italian company or €500 thousand in an innovative startup and create at least three jobs.

Requirements to apply for any of the three investor visa options:

• You must prove that you possess the amount of money intended for the investment and that it
  comes from lawful sources, available and transferable in Italy.
• Declare that you undertake to make the investment or philanthropic donation within three months from the date of entry into Italy.
• Proof of sufficient other financial resources for yourself during your period of residence in Italy.

Required Documentation:

• A certified copy of your passport, valid for more than two years and three months.
• A description of the actual investment or donation
• Two passport size photographs
• Certified copy of your identity document
• Original or certified copy of birth certificate
• Original or certified copy of Marriage Certificate
• Medical certificate
• Original criminal record certificate
• Business Plan
• Bank Statement
• Evidence of net worth

Process to apply for the Italy Golden Visa

1. After having identified the operation of interest you must register your details on the official website.
2. Submit a form to the Italian Consulate, together with all necessary documentation
3. Organize a web conference meeting with the participation of the company representative or the chosen project manager, depending on whether it is an investment in a company or a donation.
4. To participate in the web conference it is necessary to pay a registration fee.
5. If you meet the conditions, the parties will continue negotiations.
6. Once the agreement has been reached, you must send the application to the nearest Italian Embassy.
7. Pay the remaining part of the fee
8. Visa approval
9. Once the Visa is obtained, within eight days after the entry in Italy, you must apply for the residence permit and within the following three months you will stipulate the notarial operation.

How to prepare to apply for the Golden Visa Italy

Before applying for the Italian Golden Visa you must take into account that if you are not fluent in English or Italian you must find an interpreter at the time of the web conference for the visa application. Moreover, the Investor Visa modality foresees a payment to be made in two parts, the first payment is of €1,000 plus VAT 22% and the second one the cost will be determined by the number of visa applications (only the applicant or also the family members), the amount will be communicated at the moment of the registration to the service). Finally, you must clearly comply with all the requirements and documents that must be translated and apostilled.

Renewal of the investor visa Italy

Unlike other visas or business residence permits, all with a duration of ninety days every six months, the Italian golden visa has an initial duration of two years, at the expiration of this period you can renew it for three years and after five years from the first issuance, it is possible to apply for the permanent residence card.

Other countries that offer similar investment visa programs

Greece

Minimum Investment:
€250,000

Spain

Minimum Investment:
€500,000

Ireland

Minimum Investment:
€500,000

Portugal

Minimum Investment:
€280,000

Buying a house or home in Italy for investment

Italy is a great country for investments and entrepreneurs, it offers countless possibilities, it is undoubtedly a dream country where to live the dolce Vita, living in a country so rich in culture and full of things to see and do is a great advantage. Among the most popular places to live are: Rome, Bologna, Milan, Naples, Turin and Arezzo, where you will also find large expat communities.

Characteristics of the real estate market in Italy

The real estate market in Italy is characterized by a wide availability of high-end properties in various destinations, which undoubtedly attract wealthy buyers, ranging from picturesque homes in Tuscany to villas along the coast and luxury apartments in major cities. Below is a list of property price ranges in the country:

• Houses: from €300,000 to €1,000,000.
• Villas: From €2,000,000 to €5,000,000.
• Apartments: From €120,000 to €900,000.

If you are thinking of investing in Italy, at GoldPassports.eu we have expert advisors who can guide you through the visa process, making it easier for you. We invite you request a callback from one of our agents.