The Investor VISA in Italy

This is a two-year visa for non-EU citizens who choose to invest in strategic assets for Italy’s economy and society.

The Investor Visa for Italy is a program of the Italian government, introduced in 2017 with the Budget Law as a form of both a reward and as an incentive. It represents a step forward for foreigners willing to invest in Italy, as well as an important new entry within the Italian Visa System. Moreover, this type of Visa does not fall within the annual entry quotas provided for by the Italian Government and the stay permit is renewable for further three years.

Table of contents

  1. Applicants
  2. How to apply
  3. Issue and maintenance of the permit
  4. Types of investments allowed
  5. Benefits
  6. Book a call
  7. Contact our Experts

1. Applicants

Non-EU nationals may apply for the investor visa. The applicant must be:

  • An individual over eighteen years of age, or
  • A foreign legal entity, identified in its legal representative

2. How to apply for the VISA and invest in Italy

The online procedure for the obtainment of the Investor Visa for Italy can take place entirely in English: application forms, information materials and a “customer care” service, as well as the website of the program itself, are all offered in English. This aims to facilitate the applicants who are not proficient in Italian. Moreover, the procedure is fully centralized, as a single administration handles all communications with the other administrations involved. Consequently, the time required for the entire process is significantly reduced.

In order to obtain the investor visa, you first need a Nulla Osta (certificate of no impediment) which is released through the Ministry of Economic Development portal.

The documents and the information required in this phase are the followings:

  • Contact details (i.e. name and surname, place and date of birth, nationality, place of residence, personal e-mail address, personal telephone number)
  • Copy of passport
  • Curriculum Vitae of the applicant
  • Indication of the type of investment
  • Proof of ownership of the financial resources
  • Proof of absence of criminal convictions and pending charges
  • Description of the characteristics of the investment and proof of consent from the recipients

 

First of all, the Secretariat of the Committee makes a preliminary check of the application, which is followed by the Committee’s evaluation. Then, the Committee releases the certificate of no impediment, normally within 30 days from application submission.
Finally, you have six months to go to the Italian representation in your country of residence to apply for the investor visa and then you can enter Italy within two years from the release of the visa.

Once you entered Italy with your entry visa, you have eight days to apply for an investor residence permit by going personally to the Questura of the place where you wish to stay. The permit is valid for two years from the date of entering Italy.

Arletti & Partners can help you submit the requests for both the investor visa and the residence permit.

3. Issue and maintenance of the permit

There are two conditions for the issue and maintenance of the permit:

  • The applicant needs to make the investment or donation declared in the visa application within three months of the date of entry into Italy.
  • The applicant must maintain the original investment for the entire validity of the residence permit.

 

If you maintain your investment or donation throughout the two years of your residence permit you are allowed to ask for a three-year renewal, by applying at least sixty days before the expiry date of your residence permit. In order to apply, you need a new certificate of no impediment.
If the applicant does not satisfy one of the abovementioned conditions, the investor residence permit may be revoked, even before the envisaged expiry date. In addition to that, the applicant will not be able to renew the permit anymore.

4. Types of investments allowed in Italy

Entry and stay for periods of more than three months are allowed to foreigners who intend to carry out (In their own name or on behalf of the legal entity they represent):

  • Government Bonds issued by the Italian Republic (at least € 2 million of investment)
  • Companies based and operating in Italy (at least € 500.000 of investment)
  • Innovative start-ups based and operating in Italy (at least € 250.000 of investment)
  • Philanthropic donation (at least € 1 million of investment) and that:
    1. Demonstrate that they are holders and beneficial owners of an amount at least equal to euro 2,000,000, in the case of number 1, or euro 1,000,000, in the cases referred in number 2) and this subparagraph; an amount that must be in each case available and transferable in Italy;
    2. submit a written declaration in which they commit to use the funds referred to in letter a) to make an investment or philanthropic donation that meets the criteria set forth in number 1 and 2 and this letter, within three months from the date of entry into Italy;
    3. demonstrate that they have sufficient resources, in addition to the funds referred to in letter a) and in an amount at least above the minimum level provided by the law for exemption from participation in health care expenditure, for their own sustenance during their stay in Italy.

 

Investments executed before the visa application is submitted by the investor do not qualify for an investor visa.

The visa will be issued within 90 days of application.

5. Benefits of the Italian Investor Visa

There are several incentive measures, mainly of fiscal nature, for the investors who wish to transfer their residence to Italy. For example, an investor visa holder can benefit from the special tax regime for new residents. Furthermore, this kind of visa allows the applicant to work in Italy and can potentially also be converted into a work permit, if the conversion requirements are fulfilled. Finally, the investor visa allows family members to obtain a family reunion visa.

 


 

Regulatory Framework

Local Regulation:

How We can help you

Studio A&P provides full support to apply for an Italian Visa. We can carry out the entire process online.

Quick and easy steps on how to get an Italian Visa:

  1. Contact us before you arrive in Italy;
  2. We will analyze your specific case;
  3. You will receive ad-hoc advisory on fulfillments, timing and costs of the procedure;
  4. You will receive full support in the preparation and submission of all the relevant documents;
  5. We will inform you on the mandatory fulfillments to be completed upon your arrival to Italy.

Don’t know where to start? Have a look here at our full list of Italian Visas to find the one that best suits you.

Fill in the form below to get a quotation from our Experts or directly book a call to receive a dedicated consulting session with A&P.

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