Formal requirements
Eligible applicants can be:
Individuals: Non-EU citizens over 18 years old;
Foreign legal entities, identified in their legal representatives (i.e. the person who, on the basis of the deed of incorporation and the articles of association of the entity, is authorized to commit the will of the foreign legal entity and is over 18 years of age).
Economic requirements
An Investor Visa can only be issued for a single investment.
The types of investments that can be issued are:
An investment of at least €2,000,000 in Government Bonds issued by the Italian Republic, to be held for at least two years;
An investment of at least €500,000 in stakes or shares of limited companies, incorporated and resident in Italy pursuant to Article 73 of the TUIR, held for at least two years;
An investment of at least €250,000 in stakes or shares in innovative startups registered in the special section of the Companies Register pursuant to art. 25, par. 2, of D.L. 18 October 2012, no. 179, converted with amendments by Law no. 221 of 17 December 2012;
A philanthropic donation of at least €1,000,000 supporting a project of public interest in the fields of culture, education, immigration management, scientific research, preservation of cultural and natural heritage.
The applicant must demonstrate ownership and availability of the investment funds, transferability to Italy, and provide a written commitment to use the funds within three months of entering Italy. Adequate financial resources during the stay in Italy must also be shown.
Other investment opportunities
The investment opportunities are the ones described above.
Minimum stay requirements
2 years.
Ongoing requirements
Upon arrival in Italy, the applicant has 8 working days to apply for a 2-year residence permit at the Local Police Station (Questura), indicating:
Entry date into Italy;
Date of residence permit request;
Location of the Local Police Station applied to.
The Visa holder must sign an integration agreement (“accordo di integrazione”) to facilitate integration, learning Italian language, culture, and constitutional principles.
To complete the process the applicant must also validate its investment by providing a proof of investment.
The investor residence permit is valid for 2 years, and it is renewable for further 3 years.
The investment must be maintained throughout the permit’s duration; otherwise, the permit will be revoked. If the investment is withdrawn, the competent Questura will be notified to revoke the permit.
The permit holder can apply for a 3-year renewal at least 60 days before the permit expires, provided the investment is maintained. The renewal request involves:
Uploading proof of investment maintenance;
Downloading, signing electronically, and re-uploading the final declaration.
Regarding other investment opportunities
No other investment opportunities are provided.
Ability to bring in family
Family reunification is available for specific categories of family members as stipulated in Article 29 of Legislative Decree no. 286 of July 25, 1998 (also known as the Consolidated Act on Immigration).
Language requirements
Not applicable.
Tax implications or related issues
Facilitated tax regime for foreign citizens with a high tax capacity who intend to transfer their residence to Italy (Art. 24-bis of the Consolidated Income Tax Law - TUIR).
Other benefits/considerations
Visa-free travel in Europe's Schengen area.
Document link for further information.
https://investorvisa.mise.gov.it/index.php/it/documenti-utili-it
Contact information
Name: Avv. Silvia Mondini, Prof. Avv. Paolo Mondini
Firm: Mondini Bonora Ginevra Law Firm
Email address: silvia.mondini@mbg.legal ; paolo.mondini@mbg.legal