Italy is a country in southern Europe that is a member of the European Union. It is one of the most visited countries in the world because of its rich cultural heritage, delectable cuisine, and pleasant climate. The Italy Investor Visa is a residency by investment program that grants applicants a 5-year temporary residency permit in Italy. Investors may apply for permanent residency after five years and Italian citizenship after a total of 10 years of residence. Those with Italian ancestry or descent can obtain citizenship much quicker.
The Italy Golden Visa program allows investors to put their money into bonds, stocks, creative startups, or charitable organizations. For the residence permit to remain valid and be extended, the investment must be held.
Italy has one of the best passports in the world. Italians have the right to live anywhere in the European Union as EU citizens. The passport provides for 90 days of visa-free travel to the United States per year. The tax system in Italy is also favorable to the rich. Article 24-bis of Italy’s Tax Code (TUIR) provides an optional tax regime that allows new immigrants to pay a €100,000 lump sum once a year to replace regular taxes on their entire income earned outside of Italian territory. The Italy Golden Visa Scheme allows cash-rich investors to gain a residency permit in the European Union and purchase real estate in Italy if they desire.
For Italian Golden Visa Scheme, the investment can be made in the following:
The investment should be held as long as you decide to stay in Italy or until permanent residence is obtained (5 years).
There are no application fees for the Italy Investor Visa.
Donate at least 1 million euros to a public-interest initiative in the fields of culture, education, immigration control, scientific studies, and cultural and natural heritage protection.
Article 73 of the TUIR (DPR 917/1986) requires you to invest at least 500,000 Euro 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” (as specified by art. 26-bis, art. 1, lett. b, TUI). 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 Euro in stakes or shares in creative startups, as described in article 25, paragraph 2 of decree-law no. 179 of October 18, 2012, as amended by law no. 221 of December 17, 2012, and subsequent amendments. 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 startup.registroimprese.it portal.
Invest a minimum of 2 million euros in Treasury Certificates (CCT/CCTeu), Zero-coupon Treasury Bonds (CTZ), Long-Term Treasury Bonds (BTP), Long-Term Treasury Bonds index-linked to Eurozone inflation, and BTP ITALIA.2 A minimum residual maturity of at least two years is expected for each typology.
To obtain your investor visa, you must first get a Nulla Osta (certificate of no impediment) from the Investor Visa for Italy Committee, which can be obtained via the online portal. You'll need to gather your paperwork and fill out an application. In 30 days, a decision will be taken. If this has been authorized, you can go to the Italian consulate in your home country to obtain a visa to visit Italy.
You have eight days from when you arrive in Italy with your entry visa to submit your biometrics and apply for a two-year stay permit at the Questura (Police Headquarters). To obtain a residency permit, you must make your deposit or contribute within three months of your arrival in Italy. After you've made your investment, collect all of the necessary paperwork and send it.
The Questura (Police Headquarters) will arrange an appointment to receive your investor resident permit once you have submitted the final documentation as evidence of investment.
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