INVESTOR VISA FOR ITALY
A LOOK INTO THIS INVESTMENT PROGRAM FOR WEALTHY FOREIGNERS
INVESTOR VISA FOR ITALY INFO LINE: +393534501530
“INVESTOR VISA FOR ITALY” or “ITALIAN GOLDEN VISA” are programs for attracting investments from abroad. They started in 2018 and were partly updated by the recent Relaunch Decree, which Italy has also adopted.
Article by Dr. Gustavo Scriffignano, of Bertaggia International Law Firm
INVESTOR VISA FOR ITALY
What does this mean?
In practice, it is a visa, valid for two years, aimed at non-EU citizens who choose to invest large sums of money in a series of activities deemed to be of high strategic interest for the Italian economy.
Finally our government has taken a step forward by promoting this investment program in Italy abroad, so much so that Golden Visa Italy is one of the best programs in the world. It boasts an exponentially increasing number of requests and which brings benefits also at the fiscal level.
The program offers the possibility of having a residence in Italy as an investor, similar to what happens in Portugal, Spain and Malta, with a strategy called ‘risk free’; a different strategy from previous programs which provides for the feasibility of the investment only after the approval of your application and not before as in the past.
Where is the benefit? The investment will not be lost if the visa is not approved.
From a tax point of view, “the investor can, at his choice, opt for the ‘flat tax’ regime for new residents, if the applicant also wishes to move his tax residence to Italy. In this case, the person applying for a visa would have to pay a fixed amount of 100,000 euros to the tax authorities as taxes for all the worldwide income possessed ”.
In other words, the choice made by Ronaldo upon his transfer to the Juventus Football Club.
The Golden Visa Italy provides for investments for startups, Italian companies, philanthropic donations or public bonds. It is therefore a program with multiple destinations and not only in the real estate sector.
The website of the Ministry of Economic Development demonstrates that you can invest in 4 different types of assets:
1- 2 million in government bonds (such as BTP and similar);
2 – 500,000 euros in an Italian joint-stock company (amount lowered with the Relaunch Decree compared to the previous million);
3- 250,000 in an innovative Italian startup (reduced to 500,000 euros);
4- 1 million in a philanthropic initiative.
It should be borne in mind and of particular importance, given the times of the pandemic, the fact that the investor is not obliged to physically remain in Italy during the period of validity of the residence permit, except for reasons relating to its renewal and to fulfill administrative obligations.
Since the validity of the visa is two years, there is concretely the possibility, also based on the restrictions for travel in time of Covid-19, to be able to move physically and therefore be able to take advantage of it.
Furthermore, the global market crisis linked to this period is considered by many investors as a great opportunity to enter the Italian market at much lower prices.
Relevant in recent months is the increase in requests and interest in the program set out in the Relaunch Decree. The uncertainty of the outcome of the US elections has also prompted many US millionaire investors to take an interest in Golden Visa Italy.
Visit our section dedicated to foreign citizenships
Investor Viso for Italy Conclusions
The “Investor Visa for Italy” or “Italian Golden Visa” is an exceptional opportunity for non-EU citizens to gain residency in Italy while investing in key sectors of the Italian economy. Launched in 2018, the program has recently been updated by the Relaunch Decree, making it more accessible and beneficial than ever before.
Legislative updates include:
Reduced Minimum Investment: The Relaunch Decree has lowered the required investment in an Italian joint-stock company to 500,000 euros (down from 1 million euros) and the investment in an innovative Italian startup to 250,000 euros (down from 500,000 euros).
Risk-Free Strategy: Investors can now apply for the visa first, ensuring their investment is secure even if the visa is not approved.
Flat Tax Regime: Investors can opt for a flat tax rate of 100,000 euros on worldwide income if they choose to become Italian tax residents.
The program offers a multitude of investment options, including government bonds, Italian companies, startups, and philanthropic initiatives, making it versatile and appealing to a range of investors.
Given the current global market conditions, this is an opportune time for international investors to explore the Italian market, taking advantage of favorable exchange rates and potentially lower entry costs.
For personalized assistance in applying for the “Investor Visa for Italy” and managing your investments, contact our firm. We specialize in guiding you through every step of the process, ensuring a smooth transition into the Italian market and maximizing the benefits of the Golden Visa program.
Our firm can manage your request to become an Italian tax resident taking advantage of all the factors deriving from the “INVESTOR VISA FOR ITALY” or “GOLDEN VISA ITALY” program, call +393534501530
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Author. International Law Firm Bertaggia – Title Investor Visa for Italy, in www.avvocatobertaggia.com/blog
