GOLDEN VISA ITALY
APPLY FOR THE ITALY GOLDEN VISA PROGRAM
Discover more about the Golden Visa For Italy, with a list of primary requirements and all you need to know about that.
WHAT IS THE GOLDEN VISA ITALY?
We are proud to announce that Italy finally has an official Golden Visa Program designed as a residency by investment option.
The Golden Visa For Italy was formally created in 2018, but only from mid-2020 has become a real Golden Visa, way more appealing than the other European Golden Visa programs.
Now you have more reasons to think about Italy as a destination. The new Golden Visa Italy option for coming to Europe with full European Rights and Free Schengen Zone access without limitations.
People love Italy: good food, good people, fantastic weather, high-quality education, and low criminality. Italy does not need particular presentations.
We are talking about a Fast Track Golden Visa, a Risk-Free Golden Visa with optional Tax Benefits for Italian New Residents.
That’s why the Golden Visa Italy Program will allow You to join great business opportunities with a perfect living place for Your family.
HOW THE ITALIAN GOLDEN VISA LOOKS LIKE?
This is an example of how the Golden Visa for Italy looks like.
As you notice from the Golden Visa, the Consulate will issue it for 730 days (2 years).
It also specifies “MULT” as the Number of Entries: “MULT” means “Multiples.” You can leave and re-enter Italy as long as you want.
But let’s see more about the Italian Golden Visa Scheme: key points, requirements, processing time, and everything you need to know.
WHY CHOOSING THE GOLDEN VISA ITALY?
≪ Why Do I Have to Choose the Golden Visa for Italy? ≫
Let’s see more about every single benefit of the Italian Golden Visa.
The Golden Visa for Italy was redesigned in 2020 to 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 it for moving or investing in Europe.
WHAT ARE THE BENEFITS OF THE GOLDEN VISA ITALY?
So let’s see a list of the main benefits of the Italian Golden Visa program.
BENEFIT #1. THE GOLDEN VISA FOR ITALY IS A FAST-TRACK VISA
Italian Government recognizes the highest priority to the applicant of an Italian Golden Visa.
What does it mean?
It means that those who will have to apply for a Golden Visa in Italy/will have the highest priority at the Italian Consulate, before all other Visas already in process at the same Consulate.
This is stated explicitly by the Italian Ministry of Foreign Affairs, which administrates the Golden Visa program.
Indeed, with the internal decree 1202/385Bis, the Italian Ministry of Foreign Affairs said:
As the above Decree is in the Italian language only, let’s explain what 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
“Family members of the Investor will also recognize the benefit of High-Priority and Fast Track Visa 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).
YOU MAY EASILY CHECK HOW HUGE ARE THESE BENEFITS.
Let’s have a look at the official statistics of the Italian Government about Italian Visa wait times and processing times, comparing with the high numbers of Visa processed
Golden Visa Italy High-Priority process
Comparing with other Italian Visa options, the Italian Golden Visa is the fastest Visa to be processed by Italian Consulates. No matter what Italian Consulate will handle it.
BENEFIT #2. THE GOLDEN VISA ITALY IS A RISK-FREE VISA.
Italian Government takes care of new applicants who choose to invest in Italy and become new Italian Residents.
For this purpose, it was created a Risk-Free Golden Visa.
What is means?
It means the Investor will make the Investment after Your Golden Visa Italy is released.
Differently, what happens in other Golden visa countries, where You have to invest and then Apply (with the risk of losing money if your visa is rejected)? You will never lose any money with the Italian Golden Visa.
Only after Your Golden Visa for Italy will be granted will you have to make the chosen investment in 3 months after You entered Italy.
This is according to the official statements by the Policy Guidance of Investor Visa for Italy:
OPTIONAL FLAX TAX FOR HNWI APPLICANTS FOR THE GOLDEN VISA ITALY
Italian Government also understands HNWIs and foreign Investors may look to the Italian Golden Visa, asking themself :
“but how much taxes do I have to pay for my foreign incomes?”
We have great news about that.
You may join an optional tax beneficial regime as a New Italian resident, allowing you to pay a Flax Tax of 100,000€ for all worldwide incomes You generate.
So, if you move Your residency in Italy (and become an Italian tax resident), You will pay a fixed flax tax of € 100,000 – no matter how much income You generate abroad.
Do you have a € 1 Million tax return? – You will pay € 100,000 in taxes.
Do you have a € 1 Billion tax return? – You will pay 100,000 taxes. That’s it.
What if I have family members?
No problem – according to the official regulation by the Italian Reneuve Agency, the regulation may extend the regime to family members too (adding €25,000 for each member).
OPTIONAL FLAX TAX FOR HNWI APPLICANTS FOR THE GOLDEN VISA ITALY
The Italian Government does also understand HNWIs. Anyone who applies for the Italian Golden Visa program may need to stay abroad for long-term business or other purposes.
According to the latest amendments on the Italian Immigration Law, D.Lgs. 268/98, which also regulates the basis of the Golden Visa Italy, art. 26bis now states:
That translated in English means:
“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.
Let’s start with Your application for the Italy Golden Visa
GOLDEN VISA ITALY: KEY BENEFITS AFTER THE VISA
≪ Which Benefits will I Have after my Golden Visa Italy will be released? ≫
- Free Education: with the Golden Visa Italy, You and Your family members will have access to free public education, available to all children of the Golden Visa owner.
University Fees will be charged accordingly to the University regulation.
- Free National Healthcare Service: holders of an Investor Visa Italy can register voluntarily with Italian National Health.
Registration entitles a family doctor, access to all specialist tests and visits, being admitted to hospital, etc.
- Permanent residency: holders of a Golden Visa Italy may apply for the residence permit as long-term residents, after five years of legal residency in Italy, according to the generic regulations stated on Italian Immigration Law D.lgs 286/98.For getting Italian residence, see also the Elective Residence Visa For Italy program.
- Italian Citizenship: after ten years of legal residency in Italy, the Golden Visa Italy owner can apply for Italian citizenship by Residency.
You can read more about Italian Citizenship and Dual Italian Citizenship.
- Tax Benefit: for Golden Visa Italy Applicants with high worldwide incomes and new Italian Tax Residents, it’s possible to benefit from the [optional] Flax Tax Lump Sum Regime. This allows paying only a fixed amount of taxes, regardless of how much income or resources you have. Lump-Sum Flax Tax Italian Regime – read more.
- No entry limits: differently as for other types of visa (f.e. work visa), the Italian Golden Visa owner is not subjected to annual limits for applying and relocating to Italy, as it happens with other Italian Visas.
Statistics about the Golden Visa Italy
Statistics about the Golden Visa Italy
This year, statistics are seeing relevant New Golden Visa Italy Applications, as more people discover Italy has a Golden Visa program.
Investors are moving from Malta, Cyprus, Portugal, and other Golden Visa Countries, to Italy.
Foreign investors that choose Italy see relevant profits, also because of the Lump Sum Tax Benefits program.
GOLDEN VISA ITALY: THE INVESTMENTS
What kind of investments are recognized for getting the Italy Golden Visa?
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.
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 according to article 73 of the TUIR, approved by Italian Presidential Decree no. 917 of 22 December 1986 and subsequent amendments.
Philanthropic donation to an Italian cultural Institution or other entities with philanthropic goals.
There is no specific philanthropic destination for the Golden Visa Italy, so that we will analyze it on a case-by-case basis.
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.
HOW TO APPLY FOR GOLDEN VISA ITALY?
The application for a Golden Visa for Italy is divided into main 2 phases.
The application process is one; we divide it into two different stages to quickly understand the operation of the Golden Visa Italy.
We also consider the third phase, a post-approval phase, when You have to finalize your application and carry on the investment.
#1 – The “Nulla Osta” Phase
#2 – The Golden Visa Phase
#3 – Post Approval Phase
#1 – Golden Visa Italy: The “Nulla Osta” Phase
Before starting the entire Italian Golden Visa procedure, we will evaluate with you a correct and clear investment plan.
This is very important as You have to have clear in mind what You want to do, where to invest, how to invest, in a medium-term perspective.
We will then prepare together an Investment Plan and all documentation related to being finally submitted to the Investor Visa Committee, the official Committee nominated by the Italian Government.
The Investor Visa Committee will check if your investment is in line with the Golden Visa Italy regulation and if the resources you want to invest in are legit sources and in line with all international legislation.
#2 – Get Your Golden Visa Italy
As long as you have your approval from the Golden Visa Committee, you can submit Your Golden Visa Italy application at the local Italian Consulate. Your Italy Golden Visa will be released by the local Italian Consulate only. There are no other authorities.
Before the Consular interview, you will have to be prepared with all paperwork for Yourself and your family members (if applicable).
#3 – Golden Visa Italy: Finalize in Italy
After entering Italy, we will assist You in fixing and obtaining all remaining documents, like the Investor Residence Permit, residency registration, and so on.
In 3 months, You will have to carry on the investment and notify the Investor Visa Committee.
GOLDEN VISA ITALY: FAQ
Most Common Questions about the Italian Golden Visa Program & a simple list of Golden Visa Italy FAQ we prepared for Clients, starting from our experience on the field.