The immigration question does not lose its relevance. Business people with a certain amount of assets are not limited to the activities in their own country. Many investors from different parts of the world make profitable deposits in other countries every year with one goal – to provide themselves with an emergency airfield in unforeseen situations.
Italy has undoubted advantages over other countries due to its favorable location, cultural heritage, and high standard of living. These criteria can not fail to attract immigrants and foreign families who plan to settle in Europe.
Italy has a strong position in the top five European countries regarding economic development. The ruling authorities regularly carry out legislative reforms to attract foreign investment. Italy Golden Visa program is considered to be one of the most effective. You can familiarize yourself with its terms and conditions below.
Overview of Italian Golden Visa Program
What does this offer represent? In 2017, the local authorities launched an effective program that
allows you to obtain a residence permit for investment. During the current period, it was used by
many wealthy individuals, which positively impacted the development of the domestic economy.
“Golden visa ” allows you to obtain a residence permit for two years with the possibility of an
extension of up to three years. The investor can apply for Italian citizenship after ten years of
residence in Italy. This issue is covered in detail at immigrantinvest.com.
Eligibility Requirements
It is worth noting that not everyone can take advantage of such services. To get access to Italy with
Golden visa, the applicant must meet the following criteria:
- reaching the age of majority;
- no legal problems, no criminal record;
- availability of medical insurance;
- confirmation of the legality of income;
- availability of funds for investment;
- a written commitment to invest in the country’s economy.
With the applicant, spouse, children under the age of majority, and dependents (children over 18 years old, parents) are eligible to get a residence permit.
Investment Options
Italy Golden visa program is an excellent chance for citizens of non-EU countries to obtain a
residence permit in Italy. Any applicant can take advantage of one of four options:
- invest at least €250,000 in an existing local startup;
- invest at least 500,000 euros in a company operating in Italy (for a minimum of two years);
- donate 1 million euros to support one of the projects (educational, scientific, cultural, etc.);
- invest 2,000,000 euros in Italian government bonds (for 2 years).
At the same time, you should understand that the purchase of real estate is not included in the above list.
Key Benefits
According to expert Zlata Erlach (Immigrant Invest company), the program has pros and cons.
You can learn more about it from practicing specialists. The following advantages can be
mentioned:
- A measured way of life. Italians prefer to get maximum pleasure from the time spent. They are never in a hurry, stretch the lunch break to eat gastronomic delights (another undoubted plus), and prefer walking and socializing with family and friends.
- Free roads. Italy is part of the Schengen zone so that you will have no travel restrictions around Europe. It is an excellent opportunity to travel the world, advance your career, and realize your plans.
- Easy processing. Undoubtedly, bureaucracy slows down the processing of documents. However, most applications today can be submitted online, speeding up the response.
- Flexible tax system. For investors residing in Italy, there is a flat tax of €100,000 per year.
- Residence for family members. In addition to the applicant, the residence permit is
available to the spouse, children, and parents. - European education. The applicant’s children have the right to study in educational
institutions in Italy at a favorable cost.
The drawbacks include the rather strict conditions of the program. The investor cannot distribute capital between several companies; investments are allowed only in one startup.
Bottom Line
If you want to change your life coolly, immigration is an excellent opportunity to try something
new. It is enough to take advantage of state programs to obtain a second citizenship by investing
a certain amount of money in one of the spheres of activity of the host country.
Of course, it is possible to submit the documents on your own. However, it is better to entrust this
important moment to real professionals. Legal support significantly increases the chances of a
positive result. Despite some distinctive features, the programs operate on the same principle. If
you want to know how to get Italy Golden Visa, you need to collect a package of documents (only
originals):
- passport;
- a certificate of full medical examination;
- certificate of no criminal record;
- birth certificate;
- spouse’s certificate.
Then, it is necessary to go through certain stages: identification of the person, approval of the expert service for the legality of funds, and legality of actions.
It is recommended to contact Immigrant Invest to determine the future place of residence, career, and entrepreneurial development. Leading experts will provide detailed consultation on any issue.