Pristine nature, millennia-old cities, and unparalleled heritage invite people from all across the globe to Italy. And, one thing that often astonishes them is that people are crossing borders to obtain citizenship. Well, now that you’re wondering about the possibilities, then believe me when I say that it is. The maxims of immigrating to Bel Paese for obtaining foreign citizenship are manifold. The good news here lies with the fact that it has become one of the most flexible countries for bestowing citizenship to people who enter the country’s portals- all thanks to the Golden Visa program.
Now that we’re talking of Italy as a great country to live in note that the place too is keen on attracting foreign investments. The government has been cutting some red tape for doing the same. The country’s economic policies make the residing an attractive option- both in terms of high standards of living and the international investment alternatives. These initiatives facilitate the business and simplify the internal regulations for streamlining the bureaucratic systems for those looking out to start a new business.
The program sounds the best for the international citizens from non- European Union countries. These people get the Italian immigration, which later has the opportunity of conversion to a passport. The experts shed light on the maxims of getting a permanent residence, provided you follow the rules and meet the bare requirements. Reading on the guide, we’ll enlighten you about what the Golden Visa is and how you should be applying for the same. Can’t wait to know how? Hold on to know the maxims of obtaining citizenship in a country that offers you the best opportunities.
What is a Golden Visa?
The main program that enables foreign citizens to obtain a permanent residency, followed by investment citizenship, is the Investor Visa Scheme. The visa experts coin various names for the same, which can be called the Italian Golden Visa or the Investor Visa. The Investor Program is making all eyes pop since it targets individuals with high worth and can make significant contributions to the economy. Thus, the individuals eyeing at immigrating through a golden visa or investment program require them to make certain investments. Now that you have motivation as a catalyzing factor for enriching your enterprise’s roots in Bel Paese, the experts suggest taking note of some things to get going.
Maxims of Obtaining a Citizenship in Italy through Investment
There are numerous ways through which foreign citizens can acquire citizenship through investment in Italy. Various immigration policies extend support to non-EU citizens for relocating here. The main route of obtaining citizenship through acquisition in Italy is by an Investor Visa Program. You can also consider the StartUp Program, which eventually divides into Italia Startup Hub and Italia Startup Visa. A person can also immigrate taking advantage of some cheaper options like a self-employment residence permit or an entrepreneurial program that comes with its own set of benefits. Thus, the best thing you can do right now is to consult with the right person to get through the immigration process with ease.
The StartUp Visa Scheme:
The program is one of the most innovative programs for the residence investment schemes across Europe. The non-EU citizens who are looking out to immigrate to Bel Paese. The StartUp Visa Scheme has the basis of the StartUp Act, which has come into effect in 2012. The scheme works well for the foreign nationals who wish to obtain citizenship by golden visa or an investor visa by effectively setting up a company in this country.
The StartUp Hub Scheme:
The StartUp Hub provides the same kind of criteria for the company when indulging in a comparison process. It works in mainly addressing the non-EU citizens who are willing to hold the permit for Residency. The applicant must possess a minimum of 50,000 euros for injecting in a company to gain eligibility for this program.
Minimum Conditions to Obtain an Italian Citizenship by Investment
Immigrating by Investment needs the fulfillment of certain bare conditions. These are:
- The person must be at least 18 years of age to begin the application procedure
- The state of health must be excellent and well-documented
- The person must possess a clean criminal record
- Must have at least half a million euros for investment in a start-up company that activates in the innovative field.
- It has a sum of one million euros for investment in an Italian company that meets the government’s necessary criteria.
- It has at least one million euros for investing in a project that holds a positive effect on Bel Paese’s economy.
- The person possesses at least 2 million euros for the purchase of Italian bonds.
The minimum amount of money that works under the Golden Visa for Italy is half a million euros. The Italian Citizenship Assistance experts claim that the funds your show must be backed by definitive evidence of the legality. In addition to funds, you require some other documents for obtaining the residency permit of the same. Note that the procedure can be quite extended, thus taking into account that all the documents are prepared according to the authority’s requirements. The option seems like the best. In this context, a foreign citizen looking out to obtain a passport by investment needs a no impediment certificate for the procedure’s initiation. You need this document for at least six months before entering the country. Also, ensure that when you’re applying for an investor visa, you have a valid passport, and file the information about obtaining the funds for investment and the destination of the funds. The attorneys with citizenship expertise suggest filing health certificates in addition to other documents. If you are thinking of attaining a permanent residency in Bel Paese through an investment program and looking out to bring your family members, ensure filming their documentation and necessary information.
Top-Notch Reasons to Obtain a Golden Visa
The high standards of living and exceptional investment opportunities make Italy a desirable option to stay. And, with everything going on in life, there are some excellent reasons for doing so. The experts enumerate these reasons as a factor of consideration before making a big financial decision that holds you and your family accountable. Some of the advantages that vet the Golden Visa Program are:
European Residence:
Italy has been a part of the Schengen area for a long time, and here the residents get the freedom of living and traveling across Europe. Thus, this factor accounts for the biggest and the most vital pros of an Italian investor visa. The residents have the whole of Europe at their fingertips, unhindered!
Many Red Tapes:
Although Italy comes to light as a country for bureaucracy, it comes to an advantage for foreign nationals. Yes, for the people who’re looking out to settle in the country through an investor visa. We say so because the procedure has become straightforward and completely online, quick and easy.
A key manufacturing and export player:
For the past three decades, the country has established itself as the second-largest manufacturer across Europe. The country is home to a large manufacturing trade surplus and ranks amongst the global leaders for 935 products out of the accumulated 5117 goods out for marketing. A recent study establishes that it holds the first position for 235 products, second rank for 377, and third for 323 products.
Exemplary Workforce:
The education quality of Italy is excellent. The place is home to 20 different universities, which rank in the best 500 institutions for top-notch education across the globe. Every year over 300,000 students graduate—the labor costs are great to meet the average needs of the population.
Best Sectors for Investment in the country
Now that you’re eyeing investment in this spectacular place, dwelling in the necessary knowledge seems like the best option for you. Resources suggest that foreign investors have a world of business opportunities. The popular ones may be telecommunications, renewable energy, life sciences, airport, ground equipment, travel and tourism, security, and equipment and services. The sectors have the bliss of high-growth potentials, and these are capital goods, robotics, fashion, aerospace, biotechnology, home furnishings, and pharmaceutical. Since we talk of hot sectors, it becomes vital to note that the change in demographics and lifestyle makes birth rate the lowest. Thus, you have excellent scope for opportunities. The ancillary and eCommerce activities are growing. It is a lucrative option since the investments you make tend to benefit the Italian economy, the tax benefits, and numerous other benefits for the government and other stakeholders.
Key Takeaways
Diverse program choices, immense investment possibilities, a robust economy, and a unique taxation regimen make Bel Paese one of the most desirable destinations for obtaining citizenship. However, the experts suggest taking note of the Italy residence permit period. Another best thing that you can do is clench the professionals’ hands since they pledge to walk you through the golden visa process with the utmost ease. All you’ve to do is follow the instructions with utmost diligence and enjoy Bel Paese’s residency.
