The Italy Golden Visa requires investments ranging from €250,000 to €2 million, depending on the selected category, plus application and additional fees.
The Italy Golden Visa, also known as the Investor Visa for Italy, offers residency opportunities for non-EU nationals willing to invest in the country. The costs associated with obtaining this visa vary based on the type of investment chosen, along with additional administrative expenses. Here’s a detailed breakdown of the required investments and other costs.
Investment Options and Minimum Amounts:
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Investment in Innovative Startups:
- Minimum Investment: €250,000
- Details: This category allows applicants to invest in startups recognized for their innovation, fostering entrepreneurship and technological development in Italy.
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Investment in Italian Companies:
- Minimum Investment: €500,000
- Details: Investors can purchase shares in established Italian companies, supporting the growth of businesses within the country.
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Philanthropic Donation:
- Minimum Donation: €1 million
- Details: This non-refundable donation goes toward public interest projects in fields such as education, scientific research, cultural preservation, or immigration management.
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Investment in Government Bonds:
- Minimum Investment: €2 million
- Details: Investors can purchase Italian government bonds, providing financial support to the economy. This is considered a lower-risk option due to government backing.
Additional Costs:
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Application Fees:
- A non-refundable consular visa fee of approximately €116 per applicant is required.
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Legal and Consultancy Fees:
- Many applicants hire legal experts or immigration consultants to assist with their application, which incurs additional costs.
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Translation and Certification Costs:
- Any documents not in Italian may need to be translated and certified, adding to the overall cost.
Key Considerations:
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Investment Timeline:
- The declared investment must be completed within three months of entering Italy to comply with visa requirements.
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Investment Maintenance:
- The selected investment must be maintained throughout the validity of the residency permit to ensure eligibility for renewals.
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Family Inclusion:
- Immediate family members, such as a spouse and dependent children, can be included in the application without any additional investment, but they may require additional documentation.
Benefits of the Italy Golden Visa:
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Residency Rights:
- Visa holders gain the right to live, work, and study in Italy.
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Visa-Free Travel:
- Residents can travel visa-free within the Schengen Area for up to 90 days in any 180-day period.
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Path to Citizenship:
- After ten years of continuous legal residency, applicants may become eligible to apply for Italian citizenship.
Conclusion:
The Italy Golden Visa offers flexible investment options ranging from €250,000 to €2 million, catering to various financial capacities. In addition to the initial investment, applicants should budget for application fees and related costs. By selecting the appropriate investment pathway and fulfilling the program’s requirements, investors can secure Italian residency and enjoy its numerous benefits.