With the recent cancellation of the Golden Visa in Spain, many investors and entrepreneurs are looking for new options within Europe to settle and develop their projects. Italy stands out as an attractive alternative thanks to its specific visas for investors and entrepreneurs. In this article, we explore the available opportunities and how Orience can guide you through the process.
Why choose Italy for residency?
Italy offers an ideal environment for investors and entrepreneurs thanks to:
- Diversified economy: With key sectors such as tourism, manufacturing, and technology.
- Tax advantages: Exemptions and deductions for new residents.
- Quality of life: Cultural heritage, gastronomy, and a high-level healthcare system.
- Strategic location: Access to European and international markets.
Main residency options for investors and entrepreneurs
1. Investor Visa in Italy
Italy offers an Investor Visa for those who wish to invest in the country. This program requires:
- A minimum investment of €250,000 in an Italian startup.
- Or an investment of €500,000 in an established Italian company.
- Alternatively, a contribution of €1 million in projects of public interest.
- Or an investment of €2 million in government bonds.
This visa is initially granted for 2 years and is renewable.
2. Visa for Entrepreneurs and Freelancers
If you want to start your own business in Italy, you can apply for the entrepreneur visa. To obtain it, you must:
- Submit a viable business plan approved by the government.
- Show financial resources of at least €50,000.
- Register with the relevant Italian Chamber of Commerce.
3. Residency through Passive Income
For those who do not wish to work but have stable income, Italy allows residency through passive income. Requirements include:
- Minimum annual income of €31,000 for a single applicant.
- Private health insurance.
- Lease or purchase of a property in Italy.
Steps to obtain residency in Italy
1. Choose the best visa option
Evaluate which of the above alternatives best suits your needs and investment profile.
2. Gather the documentation
Depending on the visa, key documents include:
- Proof of investment or income.
- Valid passport and photos.
- Health insurance.
- Visa application form.
3. Submit your application
Visas can be requested at the Italian consulate in the applicant’s country of residence.
4. Obtain the Residence Permit
Upon arrival in Italy, it is mandatory to apply for the permesso di soggiorno at the immigration office.
Benefits of obtaining residency in Italy
- Access to the EU: Travel freely within the Schengen Area.
- Tax benefits: Incentives for investors and new residents.
- Path to citizenship: After 10 years of residency.
How Orience supports your process
At Orience we offer:
- Guidance on selecting the right visa.
- Management of documents and requirements.
- Assistance throughout the entire immigration process.
We accompany you through the entire process so you can invest and live in Italy hassle-free.
Frequently Asked Questions (FAQs)
1. How long does visa approval take?
The process can take between 1 and 3 months, depending on the visa type and the submitted documents.
2. Can I include my family in my visa application?
Yes, most visas allow for family reunification for spouses and children.
3. Is it mandatory to reside in Italy all year to keep the residency?
It depends on the visa. For the investor visa, it’s recommended to spend at least 183 days per year in the country.
4. What are the differences between the Italian Investor Visa and Spain’s Golden Visa?
Spain’s Golden Visa allowed residency through real estate investment, while Italy requires investments in companies or government projects.
5. Can I get Italian citizenship with these visas?
Yes, after 10 years of residency you can apply for Italian citizenship.