GOLDEN VISA FOR ITALY

Golden Visa Italy: The Complete Guide for Foreign Investors

The Golden Visa Italy, also known as the Investor Visa, is an advantageous solution for non-EU citizens who wish to obtain residency in Italy by investing in strategic assets for the country’s economy. Introduced with the 2017 Budget Law, this visa aims to incentivize foreign investments, offering personal and business growth opportunities in Italy. With the golden visa italy, applicants can obtain residency for a minimum of 2 years, with the possibility of renewal for up to 5 years, and enjoy the freedom to travel throughout the Schengen area for 90 days every 180 days.

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Requirements for the Investor Visa in Italy

To obtain the golden visa italy, applicants must meet specific criteria. This visa is available to individuals over 18 years of age and foreign legal entities, represented by their legal representative. The investment options approved by Italian law include:

  • Italian government bonds: A minimum investment of €2,000,000 in bonds issued by the Italian government, which must be held for at least 2 years.
  • Investment in an Italian company: A minimum investment of €500,000 in the capital of an existing Italian company (e.g., S.p.A., S.r.l.), held for at least 2 years. The minimum amount is reduced to €250,000 if the investment is made in an Italian innovative startup.
  • Philanthropic donation: A minimum donation of €1,000,000 to Italian non-profit organizations that support projects in areas such as culture, research, immigration management, or restoration of natural or artistic resources.

These italy golden visa requirements ensure that the investments benefit the Italian economy while providing the investor with a pathway to Italian residency. Moving2Italy can assist with understanding these requirements and ensuring compliance with all immigration regulations.

Eligibility for Family Members

The applicant’s family members can also obtain a visa through family reunification or family cohesion, allowing them to reside in Italy for the same period as the principal applicant under the golden visa italy program. Moving2Italy provides comprehensive assistance to ensure family members meet the necessary criteria and smoothly transition to life in Italy.

Detailed Investment Options

Italian Government Bonds

This is the safest investment option as it involves bonds issued by the Italian government. However,The risk is minimal and it assures a consistent and secure returns on these bonds

Investment in Italian Companies

Investing in Italian companies (S.p.A., S.r.l.) offers growth opportunities but also involves higher risks. It is important to note that the investor must become a shareholder of the company and cannot invest in bonds issued by the company. The investment cannot be distributed across multiple companies or entities, and the company must be operational for at least one year with a filed balance sheet.

Innovative Startups

A particularly attractive option is the €250,000 investment in an innovative startup. These startups are registered with the Ministry of Economic Development and represent a key segment of the Italian tech sector, making this route an important consideration under the italy golden visa requirements.

Philanthropic Donation

This option allows the applicant to support a public-interest project without expecting financial returns. Donations made to cultural, scientific research, or artistic restoration sectors have a direct impact on Italian society. Moving2Italy offers guidance on how to make philanthropic donations that meet the visa’s criteria while supporting impactful projects.

Tax Aspects and Benefits for New Residents

A significant benefit of the golden visa italy is the opportunity to access the new resident tax regime, which includes a €100,000 flat tax per year on income generated abroad. This regime can be extended to family members with an additional tax of €25,000 for each family member.

Moving2Italy provides expert tax consulting services to help investors navigate the complexities of Italy’s tax system and maximize the benefits of the golden visa italy program.

Flat Tax for New Residents

This flat tax applies only to income generated outside Italy, making it attractive for individuals with high net worth and global income. It covers a wide range of income, including dividends, rental income, capital gains, and royalties. However, income generated in Italy will be taxed under the normal Italian tax regime.

Extension to Family Members

The applicant’s family members can benefit from the tax regime by paying a flat tax of €25,000 on their foreign income. This regime is particularly appealing for families planning to move to Italy while maintaining global tax management. Moving2Italy assists with optimizing family tax structures to take full advantage of this regime.

Legal Aspects: Anti-Money Laundering Declaration and Source of Funds

Applicants must prove that the funds used for the investment come from legitimate activities. To do so, an Anti-Money Laundering Declaration is required, issued by the bank where the funds are deposited. This declaration confirms that the bank has conducted the necessary checks on the origin of the funds, in compliance with international anti-money laundering standards.

It is advisable to transfer the funds to an Italian bank to ensure greater transparency and expedite the approval process for the golden visa italy application. Moving2Italy provides legal support to ensure compliance with these regulations, helping to streamline the process.

How to Apply for the Golden Visa Italy

  1. Online Application
    The golden visa italy application process is entirely managed online through the Ministry of Economic Development’s portal, which is also available in English. After submitting the application, the committee will review the documents. Moving2Italy assists applicants in preparing all necessary documents and navigating the online platform.
  2. Required Documentation
    • Personal details (name, nationality, residence).
    • Copy of passport.
    • Applicant’s curriculum vitae.
    • Anti-Money Laundering Declaration.
    • Description of the investment and proof of availability of funds.
    • Certificate of no criminal record.
  3. Pre-Approval
    Within 30 days of submitting the application, the committee will assess whether the applicant meets the italy golden visa requirements and issue a Nulla Osta (authorization). This document allows the applicant to complete the investment within six months.
  4. Visa Application
    After obtaining the Nulla Osta, the applicant must visit the Italian Consulate in their home country to apply for the visa. Once the visa is granted, the applicant can enter Italy.
  5. Residence Permit Application
    After arriving in Italy, the applicant has 8 days to apply for the investor residence permit at the local police station (Questura). This permit is valid for 2 years and can be renewed for an additional 3 years.

Moving2Italy offers full assistance during every step of the visa and residence permit application process, ensuring that all requirements are met and timelines are followed.

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Obtaining and Maintaining the Residence Permit

To obtain and maintain the residence permit through the golden visa italy, the applicant must complete the investment within 3 months of entering the country and keep it active for the entire duration of the permit. If these conditions are not met, the permit may be revoked. The permit renewal is possible for an additional 3 years, provided that the investment is still active. The renewal application must be submitted at least 60 days before the original permit expires.

In addition to granting residency, the italy golden passport opens the door to a wide range of business opportunities in Italy. The system offers incentives for those who invest in strategic sectors such as technology, renewable energy, sustainable tourism, and luxury real estate. Investors can start new businesses or participate in startup projects, benefiting from tax breaks and specific incentives. Moving2Italy helps investors explore these opportunities and maximize the benefits of their residency.

Investment Risk Assessment and Asset Protection

It is essential for investors to carefully assess the risks associated with their investments, particularly in startups or SMEs. To mitigate these risks, it is advisable to conduct proper due diligence and diversify the investment portfolio, considering different sectors or countries.

High-net-worth individuals should pay special attention to wealth and estate planning. Instruments such as trusts or foundations can be used to protect assets, while early planning can reduce the tax burden, especially in terms of inheritance tax on real estate and assets in Italy. Moving2Italy offers customized estate planning and asset protection solutions to safeguard investors’ wealth.

Future Implications and Potential Changes to the Golden Visa Italy Program

The Golden Visa Italy may see future changes influenced by both Italian and EU regulations. The European Union has shown increasing scrutiny toward Golden Visa programs, raising concerns about potential misuse in areas like tax evasion and money laundering. While Italy maintains strong compliance with international standards, future EU regulations could lead to tighter oversight of such programs.

On the national front, Italy’s economic priorities may prompt adjustments to the program, such as lowering investment thresholds or targeting sectors like green energy and digital innovation to attract foreign capital. Additionally, changes could be made to residency and citizenship requirements based on political or economic needs.

Investors are advised to stay informed about these potential changes, and consulting services like Moving2Italy can help navigate any regulatory shifts to ensure a smooth application process.

Requirements for Italian Citizenship

After 10 years of continuous residence in Italy, golden visa italy holders can apply for Italian citizenship. The requirements include:

  • Proof of social integration, such as knowledge of the Italian language.
  • Continuous legal residence in Italy for at least 10 years.
  • Proof of sufficient income and good conduct.

Moving2Italy provides comprehensive support for investors looking to transition from residency to Italian citizenship, guiding them through each stage of the process.

The golden visa italy is a unique opportunity for those who want to obtain residency in Italy through strategic investment. This program offers access to the Schengen area, significant tax benefits, and the possibility of obtaining an italy golden passport in the long term. However, it is essential to carefully plan the investment path and seek expert advice to ensure the success of the operation.

Moving2Italy offers personalized immigration and tax consulting services to assist clients with every step of the Golden Visa process, from initial investment decisions to long-term residency and citizenship planning. If you would like more information or assistance with the golden visa italy application process, please do not hesitate to contact us for a personalized consultation

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