The Italy Golden Visa, officially known as the “Investor Visa for Italy,” was launched in 2017 to attract foreign direct investment. It allows non-EU nationals to acquire a residence visa in exchange for eligible investments in Italy. The visa is initially valid for two years, with a renewal option for an additional three years.
Investment Options
Applicants may choose from four qualifying investment paths:
– €2 million in Italian government bonds
– €500,000 in an Italian limited liability company
– €250,000 in an Italian innovative startup
– €1 million donation to a philanthropic initiative in Italy
The investment must be maintained throughout the residence period. After 10 years, applicants may become eligible for Italian citizenship.
Qualifying Dependents
The investor’s spouse, children under 18, and dependent parents may also apply for residency without the need for additional investment.
Process and Timeline
Processing time generally ranges between 90 and 120 days. The required investment must be completed within three months of entry into Italy. Applicants should hold passports valid for at least 2 years and 3 months to avoid delays. Application timing may vary based on consular efficiency and document completeness.
Special Tax Incentives
A unique flat tax regime is available to new residents:
– €200,000 annual flat tax on foreign income, valid for up to 15 years
– No foreign income reporting obligations
– No inheritance/gift tax on foreign assets
– Extendable to family members for €25,000 each
– Eligibility determined through a preventive ruling request
– Full access to Double Taxation Treaties (100+ countries)
– Certificate of Italian tax residence available
Key Benefits
– Visa-free travel within the Schengen Zone
– No language test or mandatory stay requirement
– Access to top-tier healthcare and education
– Freedom to work or invest in Italy
– Citizenship may be granted after 10 years
Application Process
1. Preparation Stage (1–2 months)
Collect all necessary documents:
– Italian tax code
– Digital signature
– CV
– Proof of funds
– Binding letter of investment intent
– Legalized/translated documents
2. Online Application & Nulla Osta (30 days)
Submit the application online to the Investor Visa for Italy portal. The Committee will issue a ‘nulla osta’ (certificate of no impediment) within 30 days if the application is complete and compliant.
3. Consular Application (1–2 months)
Apply for the visa at the nearest Italian consulate or embassy. Processing time depends on the consulate’s workload.
4. Entry into Italy & Investment Fulfillment
– Enter Italy within 1 year of visa issuance
– Complete the required investment within 3 months of entry
5. Residency Permit Application
Apply for the ‘Permesso di Soggiorno’ (residence permit) at the local Questura within 8 days of arriving. It is typically processed within 1–2 months and is valid for 3 years from your entry date.
Final Thoughts
The Italy Investor Visa is an ideal option for individuals who wish to benefit from residency in the European Union through investment in Italy. With sufficient financial resources, legal documentation, and adherence to the investment process, you and your family can secure a stable and reliable residence in Italy. Beyond financial and business opportunities, this visa also provides a clear pathway to permanent residency and, ultimately, Italian citizenship.
