The Italy Golden Visa application involves selecting an investment option, obtaining a nulla osta, applying for the visa, and securing a residence permit.
The Italy Golden Visa, officially known as the Investor Visa for Italy, offers non-EU nationals a pathway to residency through significant investments in the country. The application process is structured and involves several key steps to ensure compliance with Italian immigration laws. Below is a detailed guide to the application process:
1. Choose an Investment Option:
Applicants must select one of the following investment categories:
- Government Bonds: Invest a minimum of €2 million in Italian government bonds.
- Italian Companies: Invest at least €500,000 in shares of an Italian limited company.
- Innovative Startups: Invest a minimum of €250,000 in an innovative startup registered in Italy.
- Philanthropic Donation: Make a €1 million donation to a public interest project in areas such as culture, education, or scientific research.
2. Obtain a Nulla Osta (Certificate of No Impediment):
- Online Application: Submit an online application through the official Investor Visa for Italy portal, providing personal information and details of the chosen investment.
- Required Documents: Prepare and upload necessary documents, including a valid passport, proof of financial resources, a detailed investment plan, and a clean criminal record certificate.
- Processing Time: The Investor Visa Committee reviews the application and issues the nulla osta within 30 days if all criteria are met.
3. Apply for the Investor Visa:
- Consular Application: With the nulla osta, apply for the investor visa at the Italian consulate or embassy in your country of residence.
- Additional Documentation: Provide the nulla osta, completed visa application form, recent photographs, and any other documents requested by the consulate.
- Visa Issuance: Upon approval, the consulate issues the investor visa, allowing entry into Italy.
4. Enter Italy and Complete the Investment:
- Entry Timeline: Enter Italy within six months of receiving the investor visa.
- Investment Execution: Complete the declared investment within three months of entering Italy, ensuring compliance with the chosen investment category.
5. Apply for a Residence Permit (Permesso di Soggiorno):
- Application Window: Apply for the residence permit within eight days of entering Italy.
- Submission Location: Submit the application at the local police headquarters (Questura) in the area of residence.
- Required Documents: Provide the visa, proof of investment completion, valid passport, and other relevant documents.
- Permit Issuance: Upon approval, receive a residence permit valid for two years.
6. Renewal of Residence Permit:
- First Renewal: Apply for a three-year renewal before the initial permit expires, ensuring the investment is maintained.
- Subsequent Renewals: Further renewals are possible, each for three-year periods, provided all conditions continue to be met.
Important Considerations:
- Family Members: Immediate family members, such as spouses and dependent children, can be included in the application without additional investment.
- Legal Compliance: Adherence to all legal and regulatory requirements is essential throughout the process to ensure successful application and renewal.
Conclusion:
The Italy Golden Visa application process is a structured pathway involving the selection of an appropriate investment, obtaining necessary approvals, and fulfilling legal requirements. By following these steps diligently, applicants can secure residency in Italy and enjoy the benefits associated with the Investor Visa program.