The performance of the start-up in which the investment is made does not have, per se, an impact on maintaining or the renewal of the investor visa, as long as the company is active and not closed down.
How will the performance of the start-up I invest in impact my residency status in Italy?
I am interested in investing 500,000 euros in an innovative start-up in Italy and apply for an Investor Visa, but I understand that investing in a start-up generates high risks. Will the performance of a start-up impact my eligibility to maintain or renew my Investor Visa?
The yield of the innovative start-up cannot influence the investment, which must be done within the next three months from the first entry in Italy and communicated to the ministry of economic development and not withdrawn or replaced during the validity of the first two-year permit. In fact, in the case of investment in companies operating in Italy, even innovative startups, the applicant for the purpose of renewing the permit must demonstrate the maintenance of the investment for the required duration. Here are the documents needed: a letter confirming the maintenance of the investment by the legal representative of the recipient company; copy of the members book; copy of the securities file in the case of a listed company.
In order to answer your question I can say that the law requires that you maintain your investment (i.e., you keep on running your business and formally do not withdraw any sum). Therefore you will understand that Italian government accepts the fact that a start-up company could lose money at first. In other words, the performance of your start-up company will not impact your eligibility to maintain or renew your investor visa.
The law does not provide any indications. For the first two years, there should not be any problems. For obtaining a renewal of the permit, in case the start-up is bankrupt or ceases its business, we have made a query to the minisitry and we are expecting a clarification.