Italy: How you can access residency by investment in one of the world’s most renowned nations
Today we’re going to have a look at a residency by investment scheme in one of the jewels of Europe, Italy. For many of us, a visit to...
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Italy
Overview
Home to many great works of art and architecture, Italy’s strategic location in the heart of the Mediterranean Sea makes it an ideal place to live. Italy is a founding member of the EU and the third-largest economy in the eurozone. Italian residents enjoy high standards of living, education, healthcare, and unique quality of life.
The Italy Residence by Investment Program is designed for foreign investors who are committed to making a significant contribution to the country’s economy, granting them Italian residence and visa-free access to Europe’s Schengen Area.
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Minimum investment from EUR 250,000 to EUR 2 million
3 - 4 months
The right to live, work, and study in Italy
Citizenship may be available after 10 years of residence (under special conditions)
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Investment options:
Investor Visa Program
Satisfy one of the following three requirements: • A minimum of EUR 2 million in Italian government bonds. • A minimum of EUR 500,000 in Italian shares (reduced to EUR 250,000 if investing in innovative start-ups). • A minimum of EUR 1 million in projects of public interest in Italy, such as culture, education, ecology, immigration management, research and development, arts, and heritage. This is a non-refundable donation Elective Residence Program. A further qualifying option, the Elective Residence Program is suitable for individuals who can prove their stable annual income at a certain quantity from abroad.
Italy has launched a new Italy digital nomad visa. With this visa remote workers who “carry out highly qualified work activities through the use of technological tools” can live in the country for one year.With recent modern digitization efforts taking place in the country, Italy is surely becoming a new digital nomad hotspot within Europe by offering a digital nomad visa. In other good news, it doesn’t look like there will be a limit to the number of digital nomad visas released each year as with other Italian visas.
Digital Nomad Visa
Requirements
- Valid Passport: Your passport must be valid while applying for the visa.
- Income Requirement: You must meet a certain income requirement [amount to be announced].
- Work Remotely: You must work remotely for a company, clients, or own a business located outside of Italy.
- Highly Skilled Worker: You must qualify as a highly-skilled worker, which may mean holding a Master’s Degree.
- Health Insurance: You must have health insurance coverage during your stay in Italy.
- Clean Criminal Record: You must have a clean criminal record.
Steps to follow
Step 1 - Preliminary Check:
Our specialized team will review the documentation submitted to verify that the immigration requirements are met. In addition, we will verify the transparency of investment funds. As a result, we will have a background check report and signed contract.
Step 2 - Choose of Investment:
You must select the investment option that most convinces and suits you, so that later we can start the process. If you decide to obtain residency through real estate investment, we will help you choose your property based on your needs and desires.
Step 3 - Preparation of documents and sending to the corresponding agency:
We take care of everything: we obtain the criminal record certificates, we fill out and complete the government forms, we certify the documents before a notary, we do the translation and apostille everything (this service has a separate cost), and then we send it to the residence. We present your documents independently and with strict compliance with the requirements, as well as monitoring the progress of the application. As a result, we will confirm the receipt of the documents by the government.
Step 4 - Due Diligence check:
Once the residency agency receives all the documents, the applicant's background check begins. In the event that additional documents are required during verification, we will handle those requests.
Step 5 - Case Investigation:
We look forward to a positive resolution and receive the new documents together with you. If necessary, we can also help you with other operational, commercial and even domestic matters (including the arrangements of additional documents).
Step 6 - Receiving residency:
When the investment and all fees are paid, you receive the certificate of residence. Then, these documents are sent to you, so that after the wait, you can start enjoying them.
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FAQ
Does this residency allow me to obtain citizenship?
Yes, citizenship may be available after 10 years of residence.
For how long will I have the residence?
The visa is granted for two years and is renewable for a further three-year period, provided that the investment is maintained.
What documents are required?
• A completed application form with a photograph. • A copy of your passport. • Documents that prove your income is legal. For example an employment contract. • Certificates of no criminal records. • Health insurance policy. • Payment documents confirming the payment of state duties and fees. • Documents confirming the fulfillment of the investment conditions stipulated in the application.
Can I bring my family in this experience?
Yes,If you are a non-EU national living in Italy with a valid residence permit, then you are eligible to apply to bring your (also non-EU) family members to live with you. This is done through the Italy Family visa, which is also known as an “Italy spouse visa” or family reunification (ricongiungimento familiare) visa.
Is dual citizenship accepted in Italy?
Yes. dual nationality is allowed in Italy and you do not need to renounce any other citizenship during this process.
With what currency must the residency programs be paid?
This residency program should be paid in euros.
How strong is the Italy visa?
Visa-free travel to Europe’s Schengen Area.
Can the residence be purchased with an investment in Real Estate?
Buying property in Italy does not give owners the right to obtain residency, an Italian permit to stay. However, owning property can strengthen your application for an Italian elective residency visa if you prove you have stable and sufficient funds to support your stay without employment.
In what cases can my application be rejected?
Most of the applications are authorized, however there are some reasons why you may have difficulty with this residency. Such us: • Having criminal records. • Lack of documentation. • Do not meet the minimum time in the country.
The main applicant must go to Italy?
The whole process can be arranged without being present in the country.
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