[latest updates 15/06/2020]
The so called “Decreto rilancio” has been published in the Official gazette with immediate effect, confirming the reduction of the investment required to qualify for the Investor visa in case of investment in Italian companies and innovative startups. The amounts are now respectively 500,000 EUR (instead of 1 million) and 250,000 EUR (instead of 500,000 EUR).
The new “Investor visa for Italy” is now available for foreigners intending to invest in Italy. This is a visa program for investors seeking to enter Italy to engage in capital investments that benefit the Italian economy.
Since January 2017, Italian immigration law makes visas available to immigrant investors seeking to enter Italy to engage in capital investments that benefit the Italian economy. Particular attention is given to funding leading to job creation and to investments connected with start-up companies, advanced training, scientific research and patronage activities. In addition, tax and financial reliefs for foreigners transferring their tax residency in Italy are provided.
The Italian government has announced the implementing decree of the new Investor’s Visa (For further information Inter-ministerial decree July 21 2017). Application platform and relevant operations manual is available here: https://investorvisa.mise.gov.it/
To qualify for the Investor Visa the applicant can:
The applicant must first obtain a special clearance, by filing an online application through a dedicated platform. Upon approval, the applicant must file the visa application at the Italian Consulate which has jurisdiction over his place of residence.
A 2-year valid visa is issued with a fast-track procedure. Applicants are required to enter Italy before the expiration date on the visa and must provide documented evidence of the investment within 3 months from the date of entry. The investor visa holder receives two years valid investors’ residence permit (permesso di soggiorno per investitori), renewable for an additional three years.
Giuditta Petreni has over 10 years of experience in assisting companies and business investors with relocation of managers and staff to Italy. Giuditta has extensive experience advising corporate and private clients on a full range of Italian immigration categories. She is fluent in Italian and English.
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