Golden Italy Visa: The Ultimate Guide | Get a Golden Visa

Italy has much to offer: good cuisine, a wide range of lakes, beaches and mountains, and a privileged location in Mediterranean Europe. With its many UNESCO World Heritage sites, Italy is an ideal place to live. Moreover, thanks to its location, it offers good connections with the rest of Europe and the world. If you want to live in the heart of Europe and experience Italy's vibrant and diverse culture, the Golden Visa Italy program may be the perfect option for you.

What you'll find in this article:

• Definition of Golden Visa Italy
• The benefits of Italy's investor visa
• Investment options for Italy's Golden Visa
• Submission Process''Italian investor visa applications
• Italian citizenship through investment

What is Italy's Golden Visa?

Golden Visa Italy, also known as Investor Visa for Italy, was introduced in 2017 by the Italian government to attract foreign direct investment. The Golden Visa Italy offers non-EU citizens the opportunity to obtain a residence visa in exchange for investment in Italy. The program provides a residence permit valid for two years. After this period, the permit can be renewed for three years.

The benefits of Italy's investor visa:

What are the benefits of Italy's investor visa? While Italy's Golden Visa program is an incentive''Investment Options

The Italian government says it is committed to making Italy increasingly attractive to international flows of human and financial capital. The creation of an investor visa for Italy is an example of this endeavor. The program includes four different investment methods:

• Invest in Italian government bonds worth 2 million euros
• Investment in an Italian limited liability company in the amount of 500,000 euros
• Investment in an Italian startup for an amount of 250,000 euros
• 1 million euros donated to charity initiatives in Italy

The process of applying for an investor visa''Italy

The process of applying for an Italian investor visa can be divided into three phases. For each phase, the steps are summarized below.

1. Applying for and obtaining an Italian investor visa:

The first step is to obtain a Nulla Osta (non-barrier certificate) through the official Italy investor visa portal. Once approved, you can apply for a two-year investment visa at the Italian embassy in your home country.

Steps of investment options:

• Create your personal account on Italy's investor visa platform
• Fill out the required forms and upload them
• Check the final application with an electronic signature before uploading it and''by representation

Preliminary screening and evaluation:

The committee will check your application for an Italian investor visa and you will receive a response within 30 days. There are three possible outcomes:

• If your documents and application meet the requirements, you will be approved. "Nulla Osta" will be available on your account in the portal.
• If additional documentation is required, you will be asked to complete it within 30 days. During this process, your application will be in a "pending" status.
You will receive a reasonable denial.

Getting a visa:

When you have been approved and Nulla Osta you need to visit the Italian embassy in your home country in''within six months. At the embassy you will need to submit all the documents along with the Nulla Osta. You will be able to come to Italy within two years of receiving your visa.

2. Obtaining a residence permit for investors in Italy:

You have eight days after arriving in Italy with a visa to apply for a residence permit valid for two years. To receive a residence permit, you must complete your investment or donation within three months of your arrival in Italy.

Applying:

To apply for a residence permit, you will need to go to your local police station (Questura) where you will present your passport and entry visa. After completing this step, log in''portal and fill in the following information:

• Date of your arrival in Italy
• Date of application at the police station
• The place where you filed your application at the police station.

Income:

This step requires you to complete your investment. Once completed, you need to upload proof of investment into the portal.

Evaluation:

Your proof of investment will be reviewed by the Committee. There are three possible outcomes:

• If your proof is approved, your residence permit will either continue to be valid if you already have one, or will be issued in the near future if the application process is still underway.
• If additional documentation is required, you will be prompted''fill it out within 30 days. However, your obligation to show that you made an investment within three months of your arrival continues.
• Your residence permit will be canceled or not issued if it is still in process.

Necessary documents to apply for an Italian investor visa:

The application for Italy Golden Visa investor visa requires a certain set of documents at different stages. Here is the list of documents you need to submit for the Nulla Osta application:

• A copy of your passport - all details such as your name, photo and passport number must be visible.
• Your resume - it should reflect your education and employment''activities.
• Statements from your bank to prove that you intend to use your own funds to finance investments.
• A letter from your bank confirming the legality and transferability of your funds.
• A certificate of no criminal record.
• Maximum 1,000 word letter describing the nature of your donation or investment and your experience with previous donations or investments.
• Proof of consent from the recipient of the donation or investment.
• The charitable donation is attached. It must state the amount of your investment and the place where you intend to stay in Italy.

After receiving the Nulla Osta you are required to submit''The following documents to the embassy:

• Your passport
• Passport size photo
• Copy of Nulla Osta
• Originals of all previously submitted documents
• Proof of your residence in Italy
• Proof of your income for the previous financial year - must show that you earn more than 8,500 euros
• Proof of residence

In addition to the basic documents you need to submit, you will also need some specialized documents, depending on the type of your investment.

Opportunities of Golden Visa Italy:

Golden Visa Italy is valid for two years. You can enter Italy during this period and apply for''obtain a residence permit using your visa. Your residence permit is also valid for two years from the date of your arrival in Italy.

The Golden Visa of Italy:

If you have maintained your investment for the two years that your residence permit is valid, you can apply to renew it for three years at least 60 days before it expires. You will need a new Nulla Osta to apply.

Italian citizenship through Golden Visa Italy:

The Italian investment visa is not a direct path to Italian citizenship. However, if you reside in''Italy for 10 consecutive years, you will be able to apply for naturalization and become an Italian citizen.

Does Italy allow dual citizenship?

Yes, it does. This means that you do not need to renounce your current citizenship when you acquire Italian citizenship. However, it is a good idea to check with immigration specialists and authorities in your home country before applying for Italian citizenship.

Get a Golden Visa: Who are we and what do we do?

Get Golden Visa is a full-service investment immigration and investment consulting firm. We provide comprehensive solutions for residency and citizenship programs, including Golden Visa in Italy. Our team includes''lawyers and real estate professionals. We work with clients from all over the world interested in obtaining an Italian Golden Visa or making real estate investments in Italy. Contact us and speak to one of our experienced professionals to get answers to all your questions.

Take advantage of Italy's tax incentives for new residents

Every Italian tax resident is liable to pay tax on income derived from all sources worldwide. While the tax rate applied to the value of foreign financial assets is 0.2%, the tax rate on the value of foreignreal estate is 0.76%. To attract the relatively wealthy, Italy offers an alternative tax structure.''This voluntary tax system allows new residents to replace the normal taxation of all their income earned outside Italy with a one-off payment of €100,000 annually. You can apply for this tax system if you are ready to move your tax residency to Italy. The first condition is that you have not been resident in Italy for at least nine of the last ten years. An annual payment of €100,000 is due in full no later than June 30 each year. An additional 370 euros is paid for each family member you can also include in the plan. Once granted, the regime is valid for 15 years and you can withdraw from it at any time. If the annual payment is not paid in full''or partially, the status is immediately revoked.

Alternatives for Italy's Golden Visa:

The Italy Investment Visa is a good choice if you want to quickly gain residency in Europe. The program is quick and easy with a variety of investment options. However, if your goals include gaining citizenship in an EU country in a shorter period of time and without the need for residency, there are other options such as the Golden Visa Portugal. This is a program that offers various investment options, including the purchase of real estate, which is not available in the Golden Visa Italy. In addition, the Golden Visa Portugal can lead to citizenship if you live in Portugal for an average of 7 days per year. Another option is the Golden Visa of Greece. Although citizenship also requires residency in''Greece for a minimum period of 7 years, the program offers the possibility of purchasing real estate starting from 250,000 euros.

Closure:

Italy is a beautiful country that offers many benefits to expats. Living there is made easier thanks to Italy's investor visa program, which is a direct route to obtaining residency in the country. Good luck with your new life in Italy!

Frequently asked questions about Italy's investor visa:

• How much money do I need to invest to get permanent residency in Italy?
• Can I get residency in Italy if I buy a house?
• Can I buy an Italian passport?
• How much does a Golden Visa cost in Italy?
• Does Italy have investment'?