Italy, with its wonderful climate, excellent cuisine, warm sea, diverse cultural and architectural monuments, stable economy, and great prospects, is an ideal place to live.
It is a state of the European Union and the heart of Europe, where citizens of other, less prosperous countries are eager to move.
And the Italy golden visa program can help to realize this dream in the shortest possible time.
The option of Italy Residence by investment will appeal to wealthy people who want to realize themselves and expand their business, which would be easier and more profitable in a country of the European Union.
Italy Golden Visa: Eligibility And General Requirements
The Golden Visa, or Investor Visa, was introduced in Italy in 2017 to attract foreign direct investment.
According to the Immigrant Invest Elena Ruda expert, the government is trying to make the Mediterranean country attractive for international flows of human and financial capital.
The program offers citizens of non-EU countries the opportunity to get a residence permit for 2 years in exchange for investment in the country’s economy.
The permit can then be extended for another 3 years. A logical question arises: how to get Italy golden visa in the shortest possible time?
It is enough to provide compliance with such criteria to become a participant in the program:
- applicant’s age of majority;
- sufficient sums to invest and live in the country;
- legality of all income;
- clean background and excellent business reputation;
- valid health insurance;
- willingness to invest and work for the benefit of Italy.
There are 4 different methods of financial investment:
- In government bonds.
- In local companies.
- Into innovative startups.
- In charitable organizations.
Each investor can choose those Italy golden visa investment options closer to him. However, let’s take a closer look at each of them.
Investment Option 1: Real Estate
If you are close to the first option, you should invest 2 million euros in government bonds. Their annual yield is 2.3%.
When buying securities, you do not risk anything, and you do not participate in anything. But you pay the highest price compared to other methods and simply receive your interest.
Investment Option 2: Italian Companies
Investing in local limited liability companies of 500,000 euros or more makes it possible to get by with a smaller amount but involves higher risks and more extensive involvement.
Investment Option 3: Innovative Start-ups
Innovative start-ups are another investment option. It will require an investment of 250,000 euros or more and a business plan. This option suits the investor who wants to move to the country to develop his business.
Investment Option 4: Philanthropic Donations
Philanthropic donations are contributions from 1 million euros to socially essential projects in science, culture, education, natural heritage, and immigration of the state.
This investment cannot be returned, but it is the most popular among foreign business people wishing to move to Italy.
Navigating The Application Process
The application process for residence can be roughly divided into three stages:
1. Applying for and obtaining an investor visa.
2. Obtaining a residence permit.
3. Fulfillment of financial obligations.
Initially, you should apply for a two-year visa at the Italian embassy in your home country. But before that, you need to become a holder of Nulla Osta – a certificate of absence of any obstacles.
The official Italian investor visa portal issues it. The answer usually comes within 30 days. You will be approved for this certificate, be asked for additional documents, or receive a refusal with appropriate explanations.
Six months after receiving the Nulla Osta, you should visit the Italian Embassy in your country and submit the complete set of documents with the Nulla Osta. You can legally come to your desired country within two years from visa issuance.
Once you arrive in Italy on an entry visa, you have eight days to apply for the permit and 3 months to invest. The permit is valid for two years.
You must go to the police station and show them your passport and entry visa to apply for a permanent residence permit.
Once the investment is made, its confirmation is uploaded on the portal. And after that, the only thing left to do is to wait for the verdict of the Committee.
The applicant can have three possible outcomes: approval, request for additional documents, or revocation of the residence permit. Do not hurry to get upset before the time.
If you meet all the criteria for participation in the “Golden Visa” program, you are a respectable, wealthy citizen who has provided reliable information about himself and his relatives, so you have a high probability of a positive response.
Conclusion
Italy is the dream of many citizens around the world. You can apply without hesitation if you meet all of the above requirements and have enough money to invest.
It is recommended to contact the migration agency specialists during the document preparation process to collect, translate and notarize everything faster.
More detailed information on this issue is available at immigrantinvest.com. Italy Golden Visa for americans or citizens of Asian countries will help to obtain the desired status, realize all plans and dreams, build a comfortable life, and provide your family with a stable, prosperous future.
