Italy now officially offers 2-year golden visa for non-EU citizens who choose to invest in strategic assets for Italy’s economy and society, according to Ministry of Economy of Italy.
2017 Budget Law of Italy regulates the entry and residence for investors. Nationals of non-EU member states or Schengen area countries may apply for the investor visa.
Investors and immediate family members qualify for long term residence permit it Italy which enables investors visa free movement in the Schengen area under the investor visa program.
The investment minimums to qualify for italian golden visa are
- € 500,000 in an Italian innovative startup
- € 1 million in an Italian limited company
- € 1 million in a philanthropic initiative
- € 2 million in Italian government bonds
The investor visa is valid initially for two years which can then be prolonged to another three years. The investment must be maintained till the validity period of residence permit. The holder enters Italy within sand submits an application for an investor residence permit. The permit is valid for two years from the date of entering Italy.
Investors, who are not EU citizens can apply for permanent settlement after five years of living and for Italian citizenship after ten years of living
