Renewing the Italy Golden Visa involves maintaining the initial investment, applying for renewal before expiration, and obtaining a new Nulla Osta.
The Italy Golden Visa, officially known as the Investor Visa for Italy, grants non-EU nationals residency in Italy through qualifying investments. Initially valid for two years, this visa can be renewed for an additional three years, provided specific conditions are met. Below is a comprehensive guide on the renewal process:
1. Maintain the Original Investment:
- Investment Continuity: Ensure that the investment declared in your initial application remains active and compliant throughout the visa period. This includes investments in government bonds, Italian companies, innovative startups, or philanthropic donations.
2. Apply for a New Nulla Osta:
- Definition: A Nulla Osta is a certificate of no impediment, confirming that there are no obstacles to your visa renewal.
- Application Process:
- Timing: Initiate the application at least 60 days before your current residence permit expires.
- Submission: Apply through the official Investor Visa for Italy portal, providing updated documentation to demonstrate the maintenance of your investment.
- Processing Time: The Investor Visa Committee reviews the application and typically issues the new Nulla Osta within 30 days.
3. Submit the Renewal Application:
- Where to Apply: File your renewal application at the local police headquarters (Questura) in your area of residence in Italy.
- Required Documents:
- Valid passport.
- Current residence permit.
- New Nulla Osta certificate.
- Proof of continued investment (e.g., bank statements, investment certificates).
- Proof of health insurance coverage.
- Application Timing: Submit the renewal application before your current permit expires to avoid any legal residency issues.
4. Await Renewal Approval:
- Processing Time: The Questura processes renewal applications, which may take several weeks.
- Interim Documentation: Upon submission, you may receive a temporary permit allowing continued legal residency while your renewal is under review.
5. Receive the Renewed Residence Permit:
- Validity: The renewed permit is valid for three years.
- Collection: Once approved, collect your new residence permit from the Questura.
Important Considerations:
- Family Members: Immediate family members included in your original application must also renew their permits concurrently.
- Compliance: Adherence to all legal and financial obligations is crucial for a successful renewal.
- Permanent Residency Pathway: After five years of continuous legal residency, you may be eligible to apply for permanent residency in Italy.
Conclusion:
Renewing your Italy Golden Visa requires diligent maintenance of your initial investment and timely application for a new Nulla Osta and residence permit. By following the outlined steps and ensuring compliance with all requirements, you can continue to enjoy the benefits of residency in Italy.