Holders of the Investor Residence Permit will be authorized to move freely within the Schengen Area for a maximum period of 90 days every 180 days and they will also have the right to live, work and study in all 28 member states of the European Union. The process of obtaining the certificate of impediment, the Investor Visa and eventually permanent residence is centralised, digital and a decision for the visa application is usually made within 30 days.
One of the benefits that the Investor Visa for Italy offers, is access to a special tax regime for new residents. This allows investor visa holders to transfer their tax residence to Italy and pay an annual substitute tax of EUR 100,000 on income generated abroad. This condition applies only if the investor visa holder has not been taxed in Italy for at least nine taxation periods out of ten. This option may also be extended to family members for an additional EUR 25,000. The maximum duration of this preferential tax scheme is of 15 years.
Investments in Real Estate may be considered;
Minimum of EUR 2 million in Government Bonds which must be held for a minimum of 2 years; or
Minimum of EUR 1 million in assets in an Italian Company; or
Minimum of EUR 500,000 in assets in an innovative start-up, as published by the Italian Chamber of Commerce;
Minimum contribution of EUR 1 million in support of a project of public interest in the fields of culture, education, immigration management, scientific research, preservation of cultural and natural heritage;
The certificate of no impediment is valid for a period of six months, during which an applicant, must obtain the investor visa;
Applicants must apply for the investor visa, within 8 working days of entering the country, using their certificate of no impediment;
Investments will need to be finalised within 90 days from date of first entry;