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 characteristics 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 euros in Italian government bonds.
- Invest at least 500,000 euros in a registered Italian company.
- Contribute at least 1 million euros to a project of public interest in Italy.
Advantages of the Investor Visa in Italy
- Access to Italian residency: Possibility of living and working in Italy, with access to the European market.
- Simple renewal: Residency can be renewed every two years if investment conditions are maintained.
- Benefit for the entire family: Includes direct family members 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 benefits.
Main Requirements
- Invest at least 500,000 euros in real estate in Spain.
- Invest at least 1 million euros in shares of Spanish companies or bank deposits.
- Invest 2 million euros in Spanish government bonds.
Advantages of the Golden Visa in Spain
- Access to the European market: Right to travel within the Schengen Area without restrictions.
- No residency requirements: It is not mandatory to reside in Spain to maintain the visa.
- Quality of life: Access to one of the countries with the highest quality of life worldwide.
Comparison Between Both Programs
1. Investment Requirements
The Investor Visa in Italy requires higher investments compared to the Golden Visa in Spain. If you have a more limited budget, the Spanish program might be more attractive.
2. Tax Benefits
Both countries offer tax advantages to attract investors. However, 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 boast rich cultures and unique lifestyles. Spain is known for its warm climate, beaches, and leisure options, while Italy is renowned for its history, art, and gastronomy.
4. Flexibility of Residency
Spain’s Golden Visa allows investors to maintain their status without residing in the country, making it ideal for frequent travelers. In Italy, you are expected to spend at least part of the year in the country to fully benefit from its system.
Which 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 might be the better option. On the other hand, if you are interested in public interest projects or building a deeper connection with Italy, the Italian investor visa could be more suitable.
Frequently Asked Questions (FAQs)
1. Can I include my family in either of these programs?
Yes, both programs allow you to include your spouse and dependent children in the residency application.
2. What happens if I sell my investment before the residency period ends?
In both cases, failing to maintain the required investment may result in losing your residency status. Long-term planning is important.
3. How long does it take to process each visa?
Processing times vary, but the Golden Visa in Spain is generally faster, taking approximately 1–2 months. The investor visa in Italy typically takes 2–4 months.
4. What support does Orience offer for these programs?
Orience provides comprehensive guidance, from evaluating your options to managing documentation, permits, and 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.