─── ITALY ───
ROGRAM OVERVIEW
i ITALY GOLDEN VISA LAW
The law of 11 December 2016, n. 232, known as the "Legge di Bilancio 2017 (2017 Budget Law)", introduced (art. 1, paragraph 148) a new case for which entry and long-term stay in Italy is permitted. The Consolidated Law on Immigration (Al Testo unico sull’immigrazione "TUI", Legislative Decree 286/1998), article 26-bis is added, entitled "Entry and stay for investors".
ITALY VISA FREE COUNTRIES
The Italian Golden Visa allows visa-free access to Europe including 29 countries in the Schengen zone.
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COUNTRIES
╸VIEW LIST
EUROPE
- Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Italy
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Monaco
Netherlands
Norway
Poland
Portugal
Romania
San Marino
Slovakia
Slovenia
Spain
Sweden
Switzerland
Vatican City
APPLICATION PROCESS AND TIMELINE
Agreement and Application Submission
I VISA SERVICES Retainer Agreement signed and first Payment of IVS Professional Fees. The collection of required documents is carried out by the client with the support of a specialized Documentation Officer from IVS who will put the file together as per Italian Government guidelines. Submission of application.
Evaluation, Embassy Appointment, and Entry Visa Issuance
The Italian Investor Visa for Italy Committee evaluates your application, and if the evaluation is positive, you receive a certificate of no impediment (Nulla Osta). Within 6 months of issuance of the Nulla Osta certificate, I VISA SERVICES coordinates the appointment with the closest Italian Embassy or Consulate in your country of permanent residence. You must submit the original documents in person. If successful, then you will receive an entry visa for investors (valid for 2 years)
Arrival, Residence Permit Application, and Investment/Donation
The applicant travels to Italy. Within 8 working days of arrival in the country, you must visit the Immigration office and submission the residency application. Residence Permit is issued and valid for 2 years from the day of entry to the country.
Proof of Investment Submission and Renewal Process
Submission of Proof of Investment. You can renew your Italy Investor Visa for three additional years as long as you maintain your original investment. With at least 60 days before your current residence permit expires, you must submit the documents for renewal.
eligibility requirments
REQUIRED DOCUMENTS
╸ Application for authorisation to issue an investor visa (Nulla Osta or Certificate of No Impediment)
- Passport – for all applicants
- Curriculum Vitae – for all applicants
- Financial documents to demonstrate ownership and possession of the amount intended for the investment type, e.g. 3 months’ bank statement
- Bank Letter
- No Criminal Record
╸ Visa application by submitting the ORIGINALS at the consular office
- Copy of the Authorization
- Proof of Accommodation in Italy
- Proof of Income for the last financial year
- Passport Photo – for all applicants
- Passport – for all applicants
- Proof of Residence
╸ Additional documents are required when investing in government bonds
- Certificate of a deposit of the securities in a financial institution in Italy
- Copy of securities dossier
╸ Additional documents are required when investing in a limited company or startup in Italy
- Bank statements — must clearly indicate the investment has been made
- A letter of validation of the bank statement — must be signed by an authorized representative of the entity
- Certificate of Shares Deposit at an Italian bank or financial institution, if you’ve acquired shares
- A letter that confirms the receipt of the investment and a copy of the Italian atto di cessione (act of transf
FAQ
╸ Does Italy allow dual citizenship?
Yes, dual citizenship is allowed in Italy, and you do not need to renounce any other citizenship.
╸ Who is eligible for the Investor Visa for Italy?
To be eligible for the Investor Visa for Italy, the main applicant must be at least 18 years of age and can include their spouse, minor children below 18, and financially dependent parents 65 years and above.
╸ How long does it take to process an application for the Investor Visa for Italy?
In general, the application for the Investor Visa for Italy takes 2 to 3 months to process.
╸ What are the benefits of the Investor Visa for Italy?
The Investor Visa for Italy offers a range of benefits for investors, such as investors are only required to invest after their residency application is approved, there is no language test requirement, there is no minimum stay requirement, investors can live and work in Italy, holders of the visa can travel visa-free within the Schengen area, and after holding the permanent residency for five years investors are eligible for citizenship.
╸ What is the Investor Visa for Italy?
The Italy Golden Visa, also called the ‘Investor Visa for Italy,’ allows third-country nationals (non-EU/EEA and non-Swiss) to obtain a residence permit in exchange for an investment in the country’s economy.
╸ What are the requirements for the Investor Visa for Italy?
The requirements for the Investor Visa for Italy depend on the chosen investment option, however; in general, you must make the minimum investment or donation declared in the Italy Investor Visa application within three months of the date of entry into Italy, and you must maintain the original investment for the entire validity period of the residence permit. Applicants must also have a clean criminal record, a certified copy of passports, a CV, proof of residence, and proof of income in the last financial year.
╸ Are holders of the Investor Visa in Italy allowed to work in Italy?
Yes, holders of the Investor Visa in Italy are permitted to work in Italy.
╸ What investment options are under the Investor Visa for Italy program?
Under the Investor Visa for Italy, applicants have two investment options to choose from: investment in a startup or an Italian Joint-Stock company.
╸ What are the costs of the Investor Visa for Italy?
The costs of the Investor Visa for Italy vary depending on the investment choice. However, the minimum investment cost is EUR 250,000.
╸What are the next steps if I am interested in the Investor Visa for Italy?
Contact I VISA SERVICES, sign the Retainer Agreement, and pay the first fee to start your application today.