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Italy Launches “Golden Visa” Program

Italy Launches “Golden Visa” Program

The Ministry for Economic Development in Italy has now launched an an Investor Visa for Italy.

The Investor Visa is available for individuals or families that have invested:

  • € 500,000 in an Italian innovative startup
  • € 1 million in an Italian limited company
  • € 1 million in a philanthropic initiative
  • € 2 million in Italian government bonds

The decree “2017 Budget Law” was passed by the Minister of Economic Development, in coordination with the Minister of Foreign Affairs and International Cooperation and the Minister of the Interior, on 21 July 2017.

Successful applicants will benefit from a two-year residence permit, renewable for further three-year periods and issued to investor visa holders after they arrive in Italy. The investment or donation declared in the visa application must be made within three months of the date of entry into Italy and the original investment must be maintained for the entire permit validity period.

Investors, who are not EU citizens can apply for permanent settlement after five years of living and for Italian citizenship after ten years of living.

You can download the Investor Visa Policy Guidance document in English here https://investorvisa.mise.gov.it/images/documenti/Investor-Visa-for-Italy-Policy-Guidance-ENG.pdf

Source : https://investorvisa.mise.gov.it/index.php/en/

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