Italy Investor visa
Italy offers new golden visa program to non-EU citizens. Italy is a member state of the EU and also member of Schengen Area.
2017 Budget Law of Italy regulates the entry and residence for investors for the golden visa program (known as investor visa).
Italian passport is rated one the #3 powerful european passport in the world with visa free access to 175 countries, according to 2018 Henley visa index.
Investors under the italian golden visa program qualify for two year residence permit which can then be extended for another 3 three years.
The investment minimums to qualify for italian golden visa are
The investments must be kept in Italy for the duration of validity of residence permit. Property investment is not allowed under this scheme.
Third country nationals from outside EU, first need a Nulla Osta (certificate of no impediment) and afterwards, within 6 months, you must go to the Italian embassy in your country of residence to apply for a 2-year investor visa.
Italy’s Budget Law for 2017 has introduced several measures aimed at bolstering the attractiveness of the country for human and financial capital from abroad. Article 24-bis of Italy’s Tax Code (TUIR) provides for an optional tax regime that allows new residents to substitute regular taxation on their entire income generated outside Italian territory by paying, once a year, a €100,000 lump sum. The €100,000 substitutive tax is to be paid in one instalment by 30 June of each year. Family members may also be covered by the scheme by paying an additional €25,000 for each dependent.