Does Italy Have a Golden Visa Program? YES [The 2021 Guide]

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The Golden Visa Italy will be game-changer on the European Golden Visa scenario.

Why all investors are choosing the Golden Visa Italy?

All You Need to Know about the Golden Visa Italy program.

Does Italy Have a Golden Visa Program? What You'll learn today:

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Does Italy have a Golden Visa Program?

Most people do not know what is a Golden Visa, and that’s pretty normal considering that this type of Visa is addressed to a strict niche of people. 

But if you know about the Golden Visa, and what it is, You maybe don’t know that Italy currently has a Golden Visa program

When searching online for countries that offer a Golden Visa, you may find out always the same and repetitive countries: Malta, Cyprus, Portugal, etc., etc.

But if You are looking for a European Golden Visa, these are not the only options You have.

It’s common to see people in Italy who entered Europe with a Portugal Golden Visa, or another one, and then they move to Italy – make it sense? no. 

So, let’s see what is the Golden Visa Italy, what are the Golden Visa Italy requirements You need to know, and How to apply for a Golden Visa Italy.

Does Italy have a Golden Visa program? YES – So let’s see how it works.

What is the "Golden Visa Italy" Program?

golden-visa-italy-italian-golden-visa-program

The Golden Visa Italy Program is an Italian Investment by residency Program, created by the Italian Government in 2018 with the formal name of Investor Visa for Italy.

So, first of all, we have to evidence we are talking about the Italian residency-by-investment program, so not a citizenship-by-investment program.

This investment Visa for absolutely new for the Italian Immigration Law, as before 2018 Italy never had a Golden Visa Program. 

Before the Italian Golden Visa, foreign Investors came to Italy with an Elective Residence Visa Italy, in case they had (like generally, they had) some stable and passive incomes from their investments. 

People love Italy, as Italy is actually a wonderful country: wonderful food, huge historic background, a central country in Europe for businesses, art, and investment too.

So, finally, the Italian Government created the perfect way to let You have a residency in Europe, living in Italy, and without any form of limitation and with interesting tax benefits, as we will explain to You right now.

What are the Benefits of the Golden Visa Italy?

There are several benefits when you will apply for a Golden Visa in Italy

The amazing thing is that applying for the Italian Golden Visa itself carries several benefits and priorities, that are unique to this Visa (these benefits are not applicable to all the other Italian Visas).

Let’ see something about that:

  • GOLDEN VISA BENEFITS
  • GOLDEN VISA DETAILS
GOLDEN VISA BENEFITSGOLDEN VISA DETAILS
BENEFITS
DETAILS
FAST TRACK VISA30 Days approval
RISK FREEThe investment will be done only AFTER the Visa approval
FAMILY MEMBERS INCLUDEDSpouse and Children
TAX BENEFITS[Optional] Fixed taxations 100,000€ for ALL WORLDWIDE INCOMES
HIGH-PRIORITY CONSULAR PROCESSThe Golden Visa Italy will be processed by the Italian Consulate before any other Visa
NO NEED TO STAY IN ITALYNo physical requirement
NO BUSINESS LIMITATIONSYou & Family members can work, study, start businesses, etc.

And, of course, as You will be able to be an owner of an Italian Golden Visa, you will have some other huge benefits. 

Just a few examples:

  • Free National Health Care: holders of a Golden Visa Italy can register voluntarily with the Italian Public National Health Care service. So you have a personal family doctor, access to all specialist tests and visits, be admitted to hospital, etc. almost free (or paying low fees).
 
  • Tax Benefits: for HNWIs Applicants, it’s possible to benefit from the Flax Tax Lump Sum Regime, which allows paying only a fixed amount of taxes (€100,000/year), regardless of how much income or resources you have.
 
  • Business: You can work, start a business, a Company. You have the same opportunities like the Italian Citizens and EU citizens.
 
  • Family Member: you can bring with You your family members, and they will have the same unlimited rights You will have.
 
  • Permanent residency: holders of a Golden Visa in Italy can apply for the residence permit for long-term residents after 5 years of legal stay in Italy. In order to be eligible, they must have registered as residents and filed tax returns. For getting Italian residence, see also the Elective Residence Visa Italy program.
 
  • Italian Citizenship: after 10 years of legal residency in Italy an individual should be eligible to apply for Italian citizenship.
GOLDEN-VISA-ITALY-2021-INVESTOR-VISA-ITALY-LAW-FIRM-BERSANI

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Golden Visa Italy [UPDATED 2021] #1 Huge Guide You Need!

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The 3 Main Benefits of the Golden Visa Italy.

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Before Covid19, the Italian Investor Visa program remained froze as created in 2018, for the first time.

No particular updates were added by the Government except for minor changes on the Investor Visa Policy guidance.

Let’s see more about every single benefit of the Italian Golden Visa.

The Investor Visa For Italy is today considered one of the Best Worldwide Investment Visa option.

The Golden Visa for Italy was redesigned in 2020 to let it be one of the most appealing options for moving to Europe and Italy with just an investment.

You will now understand why the Italian Golden Visa is the best choice You can do for moving or investing in Europe.

BENEFIT #1. THE GOLDEN VISA FOR ITALY IS A FAST-TRACK VISA

golden-visa-italy-priority-visa-bersani-law-firm

The above Decree (in the Italian language only), it’s the latest regulation approved by the Italian Government that introduced – in October 2020 – some huge updates. 

It says: 

The Golden Visa Italy application will be considered as High Priority applications and they will evaluate with absolute urgency.”

and then it also specifies

The benefit of High-Priority and Fast Track Visa will be also recognized to all Family members who will apply for an Accompanying Members Visa (so they will move to Italy together with the Golden Visa applicant) or for a Family Reunification Visa (so they will move to Italy later when the Investor Visa applicant is already set in Italy).

Comparing with all the other Italian VISAs, the Golden Visa Italy is the fastest Visa to be processed by Italian Consulates. No matter what Italian Consulate will handle it – the regulation is valid for all Italian Consulates.

Golden Visa Italy High-Priority process

Comparision table with other Italian Visa options and numbers (average time in Days)

BENEFIT #2. THE GOLDEN VISA ITALY IS A RISK-FREE VISA.

Italian Government takes care of new applicants.

For this purpose, it was created a Risk-Free Golden Visa. 

What is means? 

It means the Investment will be done only after Your Golden Visa Italy will be released!

Differently, what happens in other Golden visa countries, where You have to invest and then Apply (with the risk to lose money, if Your Visa will be rejected), You will never lose any money with the Italian Golden Visa

Only after Your Golden Visa for Italy will be granted, then you will have to make the chosen investment in 3 months, after You entered Italy.

BENEFIT #3.
NO NEED TO STAY IN ITALY.

Italian Government does also understand HNWIs, and any person who applies for the Italian Golden Visa program can’t always stay in Italy uninterruptedly – they mostly need to stay abroad for business purposes, for example.

As we already talked about in our Golden Visa Italy interview for IMIDaily last November 2020, about the theme “Does Italy have a Golden Visa Program?” 

According to the latest amendments on the Italian Immigration Law D.Lgs. 268/98, which also regulate the basis of the Golden Visa Italy, art. 26bis now states: 

The Owner of a Golden Visa for Italy has not the obligation to stay in Italy, according to the generic regulation and obligations to assure the continuity of residency”

This not means You will never have to enter Italy: you do have to enter Italy the first time, as You will have to register Yourself at the local Police headquarters, then at the Italian Municipality, and then carry on the Investment.

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Golden Visa Italy | The Full Guide with F.A.Q.

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GOLDEN VISA ITALY: THE INVESTMENTS

What kind of investments are recognized?

Italian StartUp

With the Golden Visa Italy, you can buy stakes or shares in innovative startups.
The official list of innovative startups, which is updated every week and accessible free of charge, is available on the dedicated website of the Italian Chambers of Commerce system.

€ 250,000

Italian Company

A company incorporated and operating in Italy.
With the Golden Visa Italy, you can own stakes or shares in limited companies, incorporated and resident in Italy pursuant to article 73 of the TUIR, approved by Italian Presidential Decree no. 917 of 22 December 1986 and subsequent amendments.
 

€ 500,000

Philanthropic Donation

Philanthropic donation to an Italian cultural Institution or other entities with philanthropic goals.

There is not a specific philanthropic destination for the Golden Visa Italy, so it will be analyzed on a case by case basis.

€ 1,000,000

Government Bonds

Issued by the Italian Republic Treasury Bonds, Zero Coupon Treasury Bonds, Long-term Treasury Bonds, Long-Term Treasury Bonds index-linked to European inflation, and BTP Italy.

€ 2,000,000

Does Italy Have a Golden Visa Program? - Frequently Asked Questions

Frequently Asked  Questions we received about the Italian Golden Visa Program & a simple list of we prepared for Clients, starting from our experience on the field.

The Golden Visa Italy is a new program designed by the Italian Government to letting you have Italian and European residency rights after investing in Italian strategic assets.

This is actually the Best European Golden Visa Program and the most recent one.

This is specified on the Golden Visa Italy Policy Guidance: The Investor Visa for Italy is split into two different phases. 

The 1st one, where you will prepare Your investment plan and You will collect all investment documentation.

The second part, regarding the application at the Italian Consulate, after the Investor Visa Committee approved Your Golden Visa Italy documents.

This is not specified on the Golden Visa Italy Policy Guidance: The Investor Visa For Italy’s processing time depends on different factors.

The Investor Visa Committee will evaluate Your investment plan in 30 days. 

Also for the Consular phase, this is really fast, as the Investor Visa For Italy is a high-priority Visa. Timing depends on Consulate.

Investments start from 250,000€ in Italian startUp, or You can choose to invest 500,000€ in Italian Companies, or 1,000,000€ as a philanthropic donation, or 2,000,000€ in Bonds.

 As reported by Golden Visa Italy Policy Guidance concerning limited companies, both capital increases and the purchase of shares already issued are considered as qualifying investments. 

As reported by Golden Visa Italy Policy Guidance, You can invest in every Company on the regulated stock market.   So it can be an S.pA. , mainly. The Company, obliviously, must be legally resident in Italy. 

As reported by Golden Visa Italy Policy Guidance, he Company must be legally resident in Italy. 
So pay attention on this requirement, specially with Holding Groups.

This is not specified on the Golden Visa Italy regulations: a Lawyer will be highly recommended for Your Investor Visa Italy application.

Why this? In order to correctly apply for Investor Visa for Italy, each document must be in line with EU and International Law and Regulations, such as FAFT, GAFI. 

Then, it’s always better to have a professional who speaks the Italian language.

Only a qualified Lawyer, like Us, can assist You in the most complete and qualified way.

This is not specified on the Investor Visa Italy requirements:  concerning limited companies, No, the investment must be directed to only 1 company per application.

By extension, it is also not allowed to combine different types of investment (e.g. direct part of the amount to a donation and part to an investment in shares).

This is not specified on the Investor Visa for Italy Policy Guidance: Family reunification is allowed and regulated by the general laws on the subject, in particular by art. 29 of Legislative Decree no. 286 of 25 July 1998 (Consolidated Act on Immigration – TUI).

The categories of family members for whom reunification is allowed are listed in art. 29 of the TUI:

a. spouses not legally separated and aged over 18;

b. minor children – including those of the spouse, or those born out of wedlock – who are unmarried, provided that the other parent has given his or her consent;

c. dependent children aged over 18, if for objective reasons they are unable to provide for their essential needs due to health conditions implying total disability;

d. dependent parents, if they do not have any other children in the country of origin, or parents over 65 years of age, if the other children are unable to support them due to serious and duly documented health conditions.

This is not specified on the Investor Visa for Italy Policy Guidance: Yes, Investor Visa For Italy do not provide for any legal restrictions concerning employment status.

This is valid also for Family members, as they join all Investor Visa For Italy Benefits.

This is not specified on the Investor Visa for Italy Policy Guidance: No, the investment portfolio must not be changed during the 2-year validity period of the residence permit.

The investor must maintain the original investment for the entire duration of the permit, otherwise it will be revoked.

This is specified on the Investor Visa Italy requirements: the investment will be done in 3 months after the Investor Visa For Italy approval.

This is specified on the Investor Visa for Italy Policy Guidance: No, the investment must be carried on by a single physical person directly.

[UPDATE 2020] Yes, you can, under certain strict conditions.

This is specified on the Investor Visa for Italy Policy Guidance: the Electronic Signature is a special signature that You must obtain in Italy, release by certified Companies allowed by the Government.

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