Italy

Residency By Investment

250,000 Euros

Investor Visa

Mobility

188

Visa Free Travel

Italy Investment Immigration Programs Overview

Italy provides a stable economic environment and EU member status. Italy’s residency-by-investment program has three investment schemes with a minimum threshold of 250,000 euros, which increases to 2 million euros. Applicants can get a permit to remain in Italy for two years, after which they can apply for a longer permit (if they maintain the investment) and eventually Italian citizenship after 10 years of permanent residency status for non-EU citizens. The visa is also extendable to family members. Resident permits give holders the ability to travel visa-free around Europe. An Italian passport grants visa free travel to 188 destinations.

Benefits of Italy’s residency-by-investment program include a flat tax rate where the amount comes to an annual sum tax of 100,000 euros on all foreign-sourced income, including from investments and financial assets, plus 25,000 euros per year for every additional family member, for a maximum of 15 years. The applicant has no duty to disclose foreign assets or income.

CITIZENSHIP BY INVESTMENT

Although Italy does not offer a CBI program, successful residency applicants can obtain citizenship – and a well-regarded EU passport – after living and working in Italy for 10 years.

HOW TO APPLY

Applications for the Non-Domiciled Program are filed through the Italian Ministry of Economic Development, who have 120 days to reply to the tax ruling request.

For Italy’s Investor Visa program, the Ministry has created an online portal for investors to apply for a Nulla Osta, a document necessary to apply for residency. Applicants must provide documentary evidence of funds and a written declaration of plans to use those funds for investment. The investor then has six months to apply for the Investor Visa at the closest Italian representation abroad. This visa cannot be applied for in Italy.

An alternative option is the Italian Elective Resident Visa, where applicants must prove to have a yearly “passive” income of not less than 31,000 euros. Applications for an Elective Resident Visa must also be filed at the local consulate, which covers the applicants home residence.

MOBILITY

An Italian passport gives visa-free or visa on arrival access to 188 countries and territories, while a resident permit allows for travel throughout the Schengen Area.

Country

Italy has the third largest economy in the Eurozone and the 8th biggest economy in the world. Italy’s assets include its Mediterranean climate, cuisine, cultural history and beautiful surroundings, not to mention its position as a gateway to Europe. It is also necessary to mention that overseas investors can easily become associated in a local business (as shareholders or directors), as there are no special requirements imposed on them in these activities.

Updated by Alessia Ajelli, Marco Mazzeschi and Andrea Parisi

Residency By Investment

Investor Visa

Italy’s Investor’s Visa program requires that investors put in 2 million euros in Italian government bonds, which needs to remain for a period of at least two years; or invest 500,000 euros in equity instruments in a company that is operating or is located in Italy; or 250,000 euros if it is a startup company; or 1 million in philanthropic funding in support of projects in the sphere of public interest in culture, education, immigration, scientific research, recovery of cultural assets and landscapes.

Those who interested to make a donation to qualify for the investor visa can browse the government website where a list of possible charitable contributions to public cultural heritages is published. Individuals or companies can make donations based on this list in order to benefit from the tax credit (65% of the contribution). The government website can also be a valuable source for spotting projects of public interest in the fields of culture and preservation of cultural and natural heritage, which could be financed for an investor visa application.

Investors will get a two-year resident permit with the possibility of a three-year extension.

Elective Residence Visa

The Italian Elective Residence Visa is for those who wish to settle in Italy and are able to support themselves in Italy without working.  A single applicant must have a minimum legitimate income (not deriving from work) of at least 31,000 euros per year while a married couple qualifies with approximately 38,000 euros. The applicants must provide evidence demonstrating that the income is substantial, steady and passive. The processing time for this type of visa can be up to 90 days.  Within eight days of arrival in Italy, the applicant must register at the local Police Headquarters "Questura" and obtain a Declaration to Stay (Permesso di Soggiorno).  This document is the only document legitimizing the stay in Italy.

Resident Non-Domiciled Program

The Italian government has recently unveiled an attractive immigration and tax program to draw in wealthy individuals.  Italy’s “Res Non-Dom Regime” is simply a yearly 100,000-euro lump-sum tax on all foreign sourced income.  This can be extended to family members as well by paying a further 25,000 euros per person so long as their residence is transferred with the taxpayer.  Approval for this program is confirmed by the Italian Tax Authorities after the specific option is elected during the investors annual tax return.  This option can be effective for a maximum of 15 years.  If the investor elects to opt out at any time, this benefit cannot be reactivated.

Updated by Alessia Ajelli, Marco Mazzeschi and Andrea Parisi

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