In 2017 Italy launched new residence by investment programs and competitive tax incentives to attract investors and innovative startups to its shores. Until then, high-net-worth individuals (HNWIs) from third countries were applying to either the Elective Residence that provides annual residence to those with means to support themselves, and to self-employed entrepreneurs. The Italy Investor visa offers applicants a 2-year resident permit that can be renewed for a 3-year permit. The main applicant can attach their minor child and parents to the application as dependents. After 5 years of residence, applicants can apply for permanent residence in Italy. Naturalization into Italian citizenship can happen after 10 years of residence. The Italian passport is one of the best in the world and provides freedom of movement across the European Union.
Italy also now offers lump sum taxation to its foreign residents on their foreign income. They are required to pay once a year a €100,000 lump sum.
A 2,000,000 EUR investment in Treasury Certificates (CCT/CCTeu), Zero-coupon Treasury Bonds (CTZ), Long-term Treasury Bonds (BTP), Long-Term Treasury Bonds index-linked to Eurozone inflation, and BTP ITALIA. For each type, a minimum residual maturity of no less than 2 years is required.
Invest 1,000,000 EUR in stakes or shares of limited companies, incorporated and resident in Italy pursuant to article 73 of the TUIR (DPR 917/1986). A company is considered to be “operating” (as provided for by art. 26-bis, art. 1, lett. b, TUI) if it is in active state and has already filed at least one balance sheet at the date of the visa application. The recipient company may be either listed or unlisted. Its name and tax code are a substantial and mandatory piece of information and must be indicated at the time of application.
Invest 500,000 EUR in stakes or shares in innovative startups, i.e., the companies referred to in art. 25, par. 2, of decree-law no. 179 of 18 October 2012, converted with amendments by law no. 221 of 17 December 2012 and subsequent amendments. The official list of innovative startups, which is updated every week and accessible free of charge, is available on the portal startup.registroimprese.it , administered by the Italian Chambers of Commerce system.
Donate 1,000,000 EUR to supporting a project of public interest in the fields of culture, education, immigration management, scientific research, or preservation of cultural and natural heritage.
For more information visit the government website.