Italy offers an investor residence permit and is valid initially for two years and can then be prolonged to another three years. The investment must be maintained till the validity period of the residence permit. The permit is valid for two years from the date of entering Italy.
Donate at least 1 million EUR to a public-interest initiative in the fields of culture, education, immigration control, scientific studies, and cultural and natural heritage protection. There are some proofs that you need to furnish:
– The copy of the public donation deed
– Bank statements — should clearly indicate that donation has been made
– A letter of validation of the bank statement — should be signed by an authorized representative of the entity
– A letter from the recipient company that confirms the donation
Under this option, it is required that you invest at least 500,000 EUR in stakes or shares in limited companies incorporated and based in Italy.
– If a corporation is in an active state and has already filed at least one balance sheet at the time of the visa application, it is deemed to be ” operating”. The recipient corporation may or may not be publicly traded. Its name and tax code are critical pieces of information that must be provided at the time of application.
– Invest at least 250,000 EUR in stakes or shares in creative startups. The official list of creative startups, which is updated every week and is free to access, can be found on the Italian Chambers of Commerce system’s portal.
The documents you need to prove your investment in a limited company or an innovative start-up are:
Invest a minimum of 2 million EUR in Treasury Certificates (CCT/CCTeu), Zero-coupon Treasury Bonds (CTZ), Long-Term Treasury Bond index-linked to Eurozone inflation, and BTP ITALIA.2 A minimum residual maturity of at least two years is expected for each typology.
Combination investments are not allowed, but the applicant can either pay from an individccount or a company account.
You can invest in the following government bonds issued by the Italian Republic:
– Treasury Certificates (CCT/CCTeu)
– Zero-coupon Treasury Bonds (CTZ)
– Long-term Treasury Bonds (BTP)
– Long-Term Treasury Bonds index-linked to Eurozone inflation
– BTP ITALIA
These are the documents you’re required to submit as a proof:
Path to Citizenship
The investment needs to be maintained during the 2-year visa. If the investor maintains their investment throughout the 2 years of validity of the residence permit, they are allowed to apply for a 3-year renewal, by applying at least 60 days before the expiry date of the residence permit. After five years of physical residence (270 days present in Italy per annum) the applicant may apply for Permanent residency. To naturalize as an Italian citizen, you will need to have been a resident physically present in Italy for 10 years. EU citizens are eligible after only four years of residence.
The investment minimums to qualify for an Italian investor residence visa are:
One should first submit all the documentation to the official Italian investor platform. The Italian Investor Visa Committee then evaluates the application. Within 30 days of your application, the Committee gives you an answer. If the evaluation is positive, receive a certificate of no impediment (nulla osta). With the Nulla Osta certificate, you may apply for an Investor Visa at the Italian Embassy or Consulate of your country of permanent residence within six months of issue.
Your investor visa is valid for two years. Within eight working days of entering Italy, you must apply for an Investor Residence Permit to the Questura of the place where you intend to stay. The permit is valid for two years from the date of entry to Italy. Once you’ve been granted your Investor Residence Permit, you have three months from the communicated date of entry to make your full investment or donation. If you fail to invest or do not maintain your investment the permit will be revoked.
You can renew your Investor Residence Permit for three additional years as long as you maintain your original donation.
Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:
Privacy World can also help you with incorporating your company in Italy, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.
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Yes, Italy allows dual/multiple citizenships.
Yes, you can include your spouse, dependent children, and dependent parents without additional cost.
The visa is valid for two years and renewable for three additional yeas.
Yes, there are no work restrictions for investors. Foreign citizens with an investor residence permit can carry out activities as both employees and self-employed professionals.
There is no physical presence required for the investor, this is one of the advantages of Italy’s Investor visa.
There is no interview required.
Not all foreign investors can apply for Italy’s Investor Visa. The country limits uptake to non-EU citizens. However, there are no other limitations in place.
Italian citizenship cannot be gained through investment. You can become an Italian citizen by naturalization ten years after the date you have been granted a visa, provided that you meet all the requirements.
Tax resident individuals are liable to the Italian personal (or national) income taxes on their income wherever produced (under the so-called ”worldwide principle”). Therefore, tax residents are also subject to taxation on foreign incomes (deriving from real estate owned outside of Italy, foreign dividends and interest, foreign compensation and director’s fees, and other foreign income).
Tax non-resident individuals are subject to PIT only on income produced in Italy (employment income related to the work activity performed in Italy). Therefore, the foreign incomes are not relevant to the purposes of taxation in Italy.
a tax on inheritance and donations was reintroduced in October 2006 after the five-year period this tax was abolished. The percentage and exemption limits applicable to transfers of money or assets depend on the beneficiary’s relationship with the deceased person or donor.
There are no net wealth/worth taxes in Italy.
No, the Italian citizenship does not expire.
The residence permit lasts for an initial two years. In order to renew the permit for a further three years, the investor must apply for the Investor Visa for Italy Committee to receive a new Nulla Osta. After five years of residence, the investor can either renew the residence permit for a further three years or apply for an EU permanent residence permit.