Resources & Updates – Investor Visas in Italy

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A new visa has been introduced by Italy with hopes to attract new business ventures, which offers some tax benefits for those who pursue it. There is a belief that in using this new option, it will help you establish a way to live and work in Italy. It is open to non-EU citizens who want to invest in economic activities. This following information was lifted from an article found on www.thelocal.it:

  • To obtain a visa, non-EU investors must obtain a nulla osta (certificate of no impediment) issued by the Investors Committee for Italy (IV4I). The procedure is quick: it is concluded within 30 days of sending a complete application. It is free and entirely online; 
  • After obtaining the nulla osta, the application for an investor visa must be submitted to the diplomatic mission of your place of residence within six months;
  • Once you receive the visa, you have two years to enter Italy.

With the residence permit for investment you can:

  • Circulate freely for the Schengen Area for a maximum period of 90 days within 180 days;
  • After five years of regular residence in Italy, you can apply for an EU residence permit for long-term residents;
  • After ten years of residence, you can apply for Italian citizenship.

To learn more from the article, click here.  To learn more about the process, click here.

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