The Italy citizenship by investment program provides a path toward citizenship for foreign citizens seeking naturalization in Italy. Through this Italian Investor Visa program, foreign investors can obtain citizenship by investing significantly in the country’s economy and completing a minimum period of permanent residence.
This Investor Visa for Italy provides several investment options, which could take the form of a philanthropic donation to a government-approved project, the purchase of Italian government bonds, or investing in an Italian company.
This article will break down Italian citizenship through the investment program. We dive deeper into the different investment options available, the application process, and the requirements and benefits of obtaining an Italian residence permit and citizenship. We will also help you evaluate whether the program is the ideal pathway to acquiring citizenship in Italy.
About the Italy Citizenship by Investment Program
Introduced in 2017 by the Italian government to promote foreign direct investment, the Italy Golden Visa allows third-country nationals (non-EU/EEA and non-Swiss) to obtain a residence permit in exchange for an investment in the country’s economy.
The Italian Investor Visa became renowned and sought after for allowing foreign nationals to live legally in Italy, gain permanent residency, and fulfill the required period of residence in order to become naturalized Italian citizens.
After a period of time, non-EU citizens and their families can obtain European residency and become Italian nationals. Italian nationality provides the right to move to any country in the European Union, and naturalized citizens can gain Italian passports.
There are several investment routes available to obtain the Italian Investor Visa, and we’ll break them down in the sections below.
8 Benefits of the Italy Investor Visa Program
From being able to live in the Italian territory to visa-free travel across other Schengen zone countries, here are the top benefits enjoyed by the Italy Investor Visa holder.
- Enjoy Italy tax incentives and pay income tax at a reduced rate. The special tax regime also includes zero tax on foreign financial assets.
- Easily acquire a residence permit to live, work, and study in any EU country
- Extend Italian residence permits to your entire family, including dependent parents
- No minimum stay requirements to maintain Italian residency
- A fast online application process to obtain an Italy Investment Visa
- Fantastic quality of life in a stable and beautiful country
- Gain an Italian permanent residence permit after five years
- Eligibility for Italian nationality after ten years
What types of investments qualify for Italy Citizenship by Investment?
The Golden Visa in Italy offers several investment choices for foreign nationals. The options for this Italian visa are:
- Purchase €2 million (about $2.2 million) worth of Italian government bonds
- Make a minimum investment of €500,000 (about $549,000) in corporate shares or bonds
- Make a minimum investment of €250,000 (about $274,000) in an Italian company
- Make a philanthropic donation of at least €1 million (about $1.1 million)
Investing in an Italian startup
One of the best investment options for Italy’s Golden Visa program is to invest in a startup business in Italy. This means that non-EU citizens can acquire an Investor Visa by creating an innovative startup business.
The Italy StartUp Visa is based on the Italian StartUp Act introduced in 2012. The subsequent prerequisites must be satisfied in order to be eligible for this Italian Investor Visa program:
- The startup must be a new or recently incorporated business (no more than five years old) operating in a technological sector.
- The business must be an Italian limited company that cannot be publicly listed on a stock exchange.
- It must be headquartered in Italy or another EU country, but those with headquarters outside Italy must have a branch in Italy.
- The annual turnover must be below €5 million (about $5.49 million).
It should be noted that the corporation cannot be the product of a merger, acquisition, or takeover. The main objective must be developing, producing, and marketing innovative goods or services.
Look at our Italy Golden Visa Ultimate Guide
Italian Investor Visa Requirements
Investment requirements for Italian Citizenship by Investment
In order to obtain an Italian Investment Visa, you must:
- Make the minimum investment or donation declared in the Italy Investor Visa application within three months of the date of entry into Italy
- Maintain the original investment for the entire validity period of the residence permit
Required Documents for an Italy Investor Visa
After receiving your Nulla Osta, the Investor Visa requirements include preparing the following documents to be submitted to the Italian Consulate in your country of residence.
Here are the documents necessary for the Golden Visa Italy:
- A copy of the Certificate of No Impediment (Nulla Osta) issued by the Investor Visa for Italy Committee, along with all the original application documents
- Proof of accommodation in Italy, including hotel bookings or rented apartments
- A bank statement with proof of an income for the previous financial year in your tax jurisdiction that is above the minimum threshold for exemption from healthcare expenses [currently equal to approximately €8,264 (about $9,075)]
- A passport-size photo
- A valid passport
- Proof of residence in the relevant Consular jurisdiction
Italy Investor Visa Application Process
The Italy Investor Visa program involves several steps that all applicants must go through:
- Submit all the documents required to the official Italian investor platform.
- The Italy Investor Visa Committee and Secretariat (the government-run Italian immigration management division for the Italian Investor Visa) evaluates your Italian Investor Visa application.
- Within 30 days of your application, the Investor Visa for Italy Committee will give you an answer. In the event of a positive Investor Visa evaluation, you will be given a certificate of no impediment (Nulla Osta).
- With the Nulla Osta certificate, you may apply for an Italian Investor Visa at the nearest Italian Embassy or Consulate in your country of permanent residence within six months of its issuance. Your Italy Investor Visa is valid for two years.
- Within the first eight working days after you enter Italy, you must apply for an Italian Investor Visa residence permit at the local Questura (police headquarters) where you intend to live. The residence permit is valid for two years from the date you first enter Italy.
- Once you’ve been granted your Investor Visa residence permit, you have three months from the communicated entry date to make your full foreign direct investment, government bonds purchase, or donation to the Italian government. Failing to make the required investment, produce bank statements with proof of investment, or withdrawing your investment will result in the revocation of your Investment Visa.
- You can renew your Italy Golden Visa for three additional years, provided you maintain your original investment or donation.
Paying Taxes in Italy
You can benefit from a special tax regime and pay reduced income tax after becoming an Italian tax resident.
Italy Golden Visa holders who have not been tax residents in Italy for at least nine years over the previous ten may opt to pay an annual substitute tax of €100,000 (about $110,000) on income earned abroad. This concession can also be extended to family members by paying an additional yearly substitute tax of €25,000 (about $27,400) per family member. The regime has a maximum duration of 15 years.
Italian Residence Permit to EU Citizenship
Italian Golden Visa holders obtain an investor residence permit valid for two years and can renew it for an additional three years. After five years of Italian residency, Italy Golden Visa holders can relinquish their investor residence permit for a permit to reside in Italy permanently.
If you hold a permanent residence permit obtained through an Italian Golden Visa for five years, you’ll be eligible for naturalization in Italy.
Why Become an Italian Citizen?
Obtaining Italian citizenship is a decision you won’t regret. The advantages Italian citizens enjoy warrant an article of their own. Here are several advantages of acquiring permanent residency in Italy and, later, citizenship:
1. Access to the European Union
Possessing EU citizenship offers a multitude of advantages in itself. You can live, work, or study in almost 30 Schengen Zone countries with their own customs, cultures, and work-to-life balance. Having this access affords a level of freedom unparalleled for most citizens of non-European countries.
EU citizenship also comes with the right to travel with pets hassle-free throughout the EU by obtaining an EU pet passport.
2. A powerful Italian passport
Italian nationality not only grants you the freedom to move around the European Union, but you also gain the right to obtain one of the world’s most powerful passports. A passport from Italy will give you access to 174 countries visa-free or with a visa-on-arrival. Italy’s visa-free countries include the US, New Zealand, the UK, and Japan.
3. Dual citizenship
Italy acknowledges the concept of dual citizenship. Therefore, both a natural-born Italian citizen and a foreign national can become dual citizens in Italy without restrictions. To get Italian dual citizenship, start by determining your eligibility through jure sanguinis (right of blood) if you have Italian ancestry.
Gather vital documents, including birth, marriage, and naturalization records, to prove your lineage. If eligible, submit your application at an Italian consulate or in Italy. Legal assistance can help navigate complex paperwork and expedite the process.
4. Transfer citizenship to future generations
The option to pass on this citizenship to future generations is a valuable right afforded to Italian citizens. This means if you are an Italian national and have children, they can automatically acquire Italian nationality regardless of where they were born.
The same applies to grandchildren and subsequent generations, as long as the Italian bloodline remains unbroken. This is known as jus sanguinis or “right of blood,” and is a fundamental principle of Italian nationality law.
5. Access to healthcare and education
Access to healthcare and education in Italy is a significant benefit of becoming an Italian citizen. Italy boasts a high-quality public healthcare system, providing residents with comprehensive medical services, including preventive care, specialist consultations, and emergency treatment, often at low or no cost.
As an Italian citizen, you gain access to this universal healthcare system, ensuring that you and your family receive excellent medical care.
Additionally, Italy is home to some of Europe’s oldest and most prestigious universities, offering world-class education at affordable rates. Italian citizens benefit from reduced tuition fees and scholarships, making higher education more accessible.
How Can Global Citizen Solutions Help You?
Global Citizen Solutions is a boutique investment migration consultancy firm focused on finding the right residency or citizenship by investment program for individuals wishing to secure their future and become global citizens. With offices in Portugal, the United Kingdom, Hong Kong, and Brazil, our multilingual team guides individuals and families from start to finish, providing expert advice considering freedom, mobility, taxation, and security.
- We have helped hundreds of clients from 35+ countries in all the top residency by investment and citizenship by investment programs. With an in-depth and comprehensive understanding of the area, we provide our clients with solid guidance.
- Our team has never had a case rejected. Our 100 percent approval rate sets us apart from our competitors and guarantees that you can expect a successful application.
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- Global Citizen Solutions provides an all-encompassing solution. Our support can continue even after you receive your passport. We offer additional services such as company incorporation, Trusts, and Foundations formation.
- The BeGlobal Onboarding System® allows you to access the status of your application every step of the way, something that sets us apart from our competitors.
Frequently Asked Questions about Italian Citizenship by Investment
How much do I need to invest in Italy to get citizenship?
The first step to obtaining citizenship and an Italian passport by investment is to make a minimum investment through the Italian Golden Visa program. The options include:
- Purchasing €2 million (about $2.2 million) worth of Italy government bonds
- Making a minimum investment of €500,000 (about $549,000) in corporate shares or bonds
- Make a minimum investment of €250,000 (about $274,000) in an Italian limited company
- Make a philanthropic donation of at least €1 million (about $1.1 million)
Upon completing the required investment and fulfilling the additional prerequisites for the Italy Golden Visa, applicants will gain an Italian residence permit. After five years with a residence permit, applicants can apply for permanent residency and naturalization after ten years.
Does Italy offer citizenship by investment?
Italy doesn’t offer citizenship by investment, but foreign nationals with the financial means can invest in Italy through the Italy Golden Visa program–officially the Italy Golden Visa.
They’ll receive a residence permit valid for two years and renewable for an additional three years. After ten years (the last five with a permanent residence permit), of being Italian residents, they can submit a citizenship application in Italy.
Can I get Italian citizenship if I buy property in Italy?
There is no option to obtain citizenship or a residence permit in Italy through a real estate purchase.
Is it fast to get Italian citizenship by investment?
It isn’t possible to directly obtain Italian citizenship by investment.
However, it’s possible to obtain a temporary residence permit by making a significant investment in Italy.
After five years, you can switch the temporary permit to a permanent residence permit through an Italian Golden Visa for five years.
After ten years of legal residency in Italy, you’ll be eligible to acquire Italian citizenship.
Is it hard to get Italian citizenship?
The difficulty of obtaining Italian citizenship depends on your familial ties to Italy.
If you have an Italian ancestor, you immediately acquire the right to citizenship. If you have an Italian spouse, you can acquire citizenship in as little as two years (12 months if you have children).
Nationalization in Italy requires ten years of continuous residence, with the last five as a permanent resident.
How do you qualify for Italian citizenship?
You qualify for Italian citizenship if you:
- Have an Italian ancestor
- Have an Italian spouse and have lived in Italy for two years, or three years if you live outside Italy
- Have lived in Italy for ten years and have been a permanent resident for at least the last five years
How do I get Italian citizenship by descent?
To obtain Italian citizenship by descent, also known as citizenship through ancestry, you must meet certain criteria.
Generally, you are eligible if you have at least one Italian ancestor who was an Italian citizen at the time of your birth.
