The Italy Residence by Investment Program or the so-called Golden Visa is intended for non-EU investors who are committed to contributing to the Italian economy and society by making a single investment or donation, granting them residency in Italy and visa-free access to Europe’s Schengen Area.
The investment or donation is one-shot and must be made after the visa application to be eligible for the Investor Visa. Minimum investment from EUR 250,000 to EUR 2 million.
Eligible investments are in:
- Government Bonds;
- Limited companies, including innovative startups;
- Donations in i) cultural activities; preservation of cultural and natural heritage; ii) education and research or; iii) immigration management.
The visa procedure is streamlined. The entire process takes between 3-4 months. The applicant is notified of the outcome within 30 days of sending in the completed application. If the outcome is positive, the investor is issued a two-year investor residence permit, renewable for further three-year periods after arrival in Italy.
The following conditions for the issue and holding of the permit are that:
- the investment or donation as declared in the visa application be made within 3 months from the date of entry into Italy;
- the original investment must be held for the entire period of validity of the permit.
An investor visa holder can opt for the special tax regime for new residents. Significantly, individuals who transfer their tax residence to Italy can opt to pay an annual substitute tax of €100,000 on income produced abroad, provided they have not been a tax resident in Italy for at least nine years over the previous ten.
Family members may also benefit from this option by paying a further annual substitute tax of €25,000 per family member.
The Investor Visa can be applied for online through the dedicated portal investorvisa.mise.gov.it. With_Papers can help you navigate the application process.
Contact us here to schedule a free consultation with one of our Italian residency lawyers and we will walk you through how to apply for a Golden Visa in Italy.
More and more individuals dream about retiring and enjoying their golden years in Italy.
The Elective Residence Visa or the Retirement Visa is specifically designed for non-European Union citizens with self-sustaining incomes. EU nationals benefit from freedom of movement with the EU member states and can relocate to Italy without any time limitations or restrictions. The so-called “Retirement Visa” is for individuals who seek to live permanently in Italy. The individual must prove that she/he has sufficient passive income to live autonomously in Italy. Furthermore, the recipient is not allowed to work in Italy.
The visa application must be made at the Italian Consulate in the jurisdiction where the applicant resides. Contact us for a checklist of requirements:
Contact us here for a checklist or to schedule a free consultation with one of our Italian residency lawyers and we will walk you through the process to apply for the Retirement Visa in Italy.
For soccer players, basketball players and golfers and cyclists.
The professional (and amateur) athlete who elects to transfer his/her fiscal residence in Italy and stay in Italy for a 2-year period can benefit from a 50% reduction of taxable income provided they were not resident in Italy in the 2 years prior to said transfer.
Athletes must be 20 years or older with income starting at € 500,000 and € 1 million (depending on the sport).
Contact us to schedule a free consultation with one of our Italian sport visa lawyers and we will walk you through the process to apply for the Sport Visa in Italy.
If you would like more information on how to become a dual citizen of Italy or apply for residency in Italy, provide your basic contact details in the form below to schedule your free appointment or write us an email at email@example.com.