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What are the requirements of applying for a long-term resident permit in Italy after the initial two-year permit expires?

I just got my Investor Visa application approved through a start-up company. I was told that the resident permit I get at this stage is only valid for two years. When it expires, I will need to apply for another long-term permit. I want to know what requirements I need to meet when applying for this long-term permit, and when I can start to prepare the application.

  • Mazzeschi Srl
    February 24, 2019

    The investor resident permit is valid for two years and can be renewed for further three-year periods. According to the law, the renewal of the resident permit is subject to a preliminary approval by the committee, which must ensure that the investment/donation has been maintained for the entire validity period of the resident permit. The evaluation of the committee, if positive, results in the issue of certificate of no impediment to the renewal of the resident permit. The application for a renewal of the resident permit must be submitted to the Questura in charge at least 60 days before its expiry date, pursuant to applicable regulations on the matter. As a consequence, the foreign national who intends to renew his/her investor permit must request a certificate of no impediment to the committee well in advance. The applicant demonstrates to have maintained the investment during the required period by uploading the following documentation to the platform. For investment in government bonds: bank documentation certifying the purchase (copy of securities dossier), with indication of the type, issue date and maturity date of the securities; certificate of deposit of securities at a financial intermediary domiciled in Italy. For investment in companies incorporated and operating in Italy, including innovative start-ups: in the case of unlisted companies, a letter signed from the legal representative of the recipient company confirming that the investment has been maintained; in case of listed companies, a copy of the shareholders' register and copy of the securities dossier of the foreign citizen, issued no more than 30 days before the date of the declaration; in case of purchase of shares, certificate of deposit of shares at a bank or financial institution domiciled in Italy. For a donation: declaration from the recipient entity certifying that the donation has not been revoked. The supporting documentation must be in Italian or English and must be uploaded to the platform in .pdf format. In case it is not available in Italian or English, a certified translation must be submitted.

  • Avv. Andrea Parisi
    February 23, 2019

    First of all, I strongly suggest you to start to prepare the application at least six months before your long-term permit expires. Indeed, you never know if any unexpected problem arises and your application is stopped. With regards to the requirements, you need to meet when applying for renewal, basically you should prove to have maintained the same as for the first application. However, consider that you could even think about converting your investor permit to a working permit if you meet the requirements related to the latter.

  • LCA Studio Legale
    February 23, 2019

    It is not possible to apply for a long-term resident permit after two years of stay in Italy under an investor visa. The EU long-term resident permit can be obtained only after five years of legal residency in the country. Therefore, in order to be able to apply for the EU long-term resident permit, you shall first, at the expiration of the first two years of an investor visa, renew the investor visa for another three years, after which you could decide to apply for the long-term one.

  • February 27, 2019

    First of all, it must be clear that the permanent resident permit in Italy must be requested only after five years of legal stay in Italy and the application must be done within 60 days before the expiration of your resident permit. Since you now have a first resident permit for up to two years, you can renew it at its expiration as long as your investment lasts. After five years, you can apply for the permanent resident permit by preparing the following documents: postal kit fulfilled; copy of the pages of your passport with personal data, visas and stamps; copy of your resident permit; certificate of Casellario Giudiziale (to be requested to the tribunal); certificate of Carichi Pendenti (to be requested to the tribunal); certificate of residence, covering all the year of residency in Italy; documents proving your financial resources; certificate of Italian language Test A2. The Italian test must be booked through the Prefettura system; they will give you an appointment and you will do it online.

  • Rossi & Rossi Law Firm
    February 27, 2019

    Once the two-year resident permit expires you are supposed to apply for its renewal for a further three years. The permit is renewed if you provide evidence that the investment has been revoked.