If you are looking for opportunities to invest in Europe while obtaining residency benefits, both the Investor Visa in Italy and the Golden Visa in Spain are excellent options. However, each has specific features that may make one more suitable for your particular situation.
In this article, we explore both programs in detail to help you make an informed decision.
What is the Investor Visa in Italy?
The Investor Visa in Italy, known as the Investor Visa for Italy, is designed to attract foreign investors interested in supporting the Italian economy. This program offers temporary residency in exchange for making a significant investment in the country.
Main Requirements
- Invest at least €2 million in Italian government bonds.
- Invest at least €500,000 in a registered Italian company.
- Contribute at least €1 million to a project of public interest in Italy.
- Invest €250,000 in an innovative Italian startup.
Advantages of the Investor Visa in Italy
- Access to Italian residency: The possibility to live and work in Italy, with access to the European market.
- Simple renewal: Residency can be renewed every two years if investment conditions are maintained.
- Benefits for the whole family: Includes direct relatives such as spouses and dependent children.
What is the Golden Visa in Spain?
The Golden Visa in Spain allows foreign investors to obtain residency in exchange for making investments in the country. It is particularly popular among those seeking a Mediterranean lifestyle combined with economic advantages.
Main Requirements
- Invest at least €500,000 in real estate in Spain.
- Invest at least €1 million in shares of Spanish companies or bank deposits.
- Invest €2 million in Spanish government bonds.
Advantages of the Golden Visa in Spain
- Access to the European market: The right to travel within the Schengen Area without restrictions.
- No residency requirements: It is not mandatory to live in Spain to maintain the visa.
- High quality of life: Access to one of the world’s best countries in terms of quality of life.
Comparison Between Both Programs
1. Investment Requirements
The Spain Golden Visa requires higher investments compared to the Italy Investor Visa. If you have a more limited budget, the Italian program may be more attractive.
2. Tax Benefits
Both countries offer tax advantages to attract investors, but Italy has favorable tax treaties for high-net-worth individuals, while Spain stands out for its non-resident taxation regime.
3. Quality of Life
Spain and Italy have rich cultures and unique lifestyles. Spain is known for its warm climate, beaches, and leisure options, while Italy is famous for its history, art, and gastronomy.
4. Residency Flexibility
The Golden Visa in Spain allows investors to maintain their status without the need to reside in the country, making it an ideal option for frequent travelers. In Italy, it is expected that you spend at least part of the year in the country to fully benefit from its system.
Which One Should You Choose?
The choice between the Investor Visa in Italy and the Golden Visa in Spain depends on your personal and financial goals. If you seek a more accessible investment and greater flexibility, Spain may be the best option. On the other hand, if you are interested in public interest projects or establishing a deeper connection with Italy, the Italian Investor Visa could be more suitable.
Frequently Asked Questions (FAQs)
1. Can I include my family in any of these programs?
Yes, both programs allow you to include your spouse and dependent children in the residence application.
2. What happens if I sell my investment before the residency period ends?
In both cases, if you do not maintain the required investment, you could lose your residency status. It is important to plan for the long term.
3. What is the processing time for each visa?
Processing times may vary, but generally, the Golden Visa in Spain is processed faster, taking approximately 1-2 months, whereas the Investor Visa in Italy may take between 2 and 4 months.
4. What support does Orience offer for these programs?
Orience provides comprehensive advisory services, from evaluating your options to managing documentation, permits, and any other needs throughout the process.
5. Is it possible to switch from one program to another after obtaining the visa?
Not directly. However, you can apply for a different program if you meet the specific requirements of the country.