VISA & IMMIGRATION to italy

Being a non EU citizen, wishing to spend 90 days or more in Italy, requires you to be granted a VISA upon entering the country. There are common misconceptions and myths in regards to the immigration process in Italy; it is easier than you may think.

In this article we want to explain you our preferred immigration strategies to move to Italy in less than three months with low to nil rejection rates.

Discover now how you can move to Italy with the following guide covering the Top 5 VISAs available in Italy:

  1.  Elective Residence Visa

  2. Freelance Visa

  3. Business and Corporate Visa

  4. Investor Visa

  5. Start-Up Visa

1. Elective Residence VISA

The Elective Residence VISA allows you to enter Italy without having a job nor setup any business, you only need to satisfy an income requirement and have a stable accommodation in Italy prior moving. The VISA does not require any document to be obtained by the Italian immigration office and it has the fastest application time.

REQUIREMENTS

  • Minimum € 31,000 passive income sources (dividends, financial/rental income);

  • Long term accommodation in Italy;

  • Valid International health insurance;

  • The two most recent tax returns;

  • Two recommendation letters from your bank & accountant ;

  • Proof of your permanent residence in your home country;

  • The most recent bank statement.

 

 

You can also reduce the minimum passive income requirement by purchasing real estate in Italy.

All of the above requirements must be in place PRIOR booking your appointment at the Italian embassy/consulate in your home country.

The Elective Residence VISA does not allow you to switch VISA and you cannot perform any trade, nor be employed once you move to Italy.

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2. FREELANCE VISA

Digital nomads have become very popular in the recent days, due to the technological advancement of our society, the impact of Covid, and a sudden change in our lifestyle, work from home has become work from anywhere in the world; therefore, why not working from Italy?

REQUIREMENTS

  • Italian Chamber of Commerce Registration;

  • Long Term Accommodation in Italy or letter of hospitality;

  • Proof of your permanent residence in your home country;

  • The two most recent tax returns;

  • Nulla osta from the Italian immigration office.

 

 

 

 

All of the above requirements must be in place PRIOR booking your appointment at the Italian embassy/consulate in your home country.

Sportsmen, journalists, actors, and performers fall under the freelance VISA.

Freelance VISA can be converted in any other type of VISA once you move to Italy; you can then kickstart your digital nomads life in Italy.

New residents have a substantial incentive to move to Italy, in fact, since 2019 they can benefit of up to 90% tax free income for 5 years. Find out more about this new tax regime at AccountingBolla's blog.

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3. BUSINESS AND CORPORATE VISA

A common misconception is that if you buy a company in Italy you are granted a VISA. this is far from being true, as you need to be appointed as a director of a company founded at least three years ago.

Therefore, you don't need to be a shareholder, but rather a managing director.

REQUIREMENTS

  • Company's registration at the Italian Chamber of Commerce;

  • The most recent company's annual accounts filing;

  • A statement form the legal representative stating a minimum annual compensation € 8,400;

  • Long Term Accommodation in Italy or letter of hospitality;

  • Proof of your permanent residence in your home country;

  • The two most recent tax returns;

  • Nulla osta from the Italian immigration office.

All of the above requirements must be in place PRIOR booking your appointment at the Italian embassy/consulate in your home country.

If the above requirements seem to be very complicated, a common scheme to immigrate to Italy swiftly is to setup a local representative office of your foreign company.

If you have a foreign Limited company (Ltd, Llc, Gmbh) you can easily move to Italy by:

  1. setting up a representative office in Italy;

  2. Provide a long term accommodation or letter of hospitality to the Italian immigration office.

check our video!

4. INVESTOR VISA

If you have high financial means, you can secure a VISA by investment. Since 2015 Italy granted the possibility to acquire a VISA if you perform any of the following investments:

  • € 2,000,000 in Italian government bonds;

  • € 1,000,000 in philanthropic initiatives in Italy;

  • € 500,000 in the paid up capital of private limited company in Italy;

  • € 250,000 in the paid up capital of an innovative startup in Italy.

If you are concerned of the risk associated with such an investment in the risk capital of a company, you must be aware that the legislation allows you to invest in YOUR OWN company.

Since 2020 the VISA can be requested by the legal representative of a foreign company investing into any of the above mentioned list. You can then allow your company to invest in any Italian limited company or government bonds to secure your VISA.

Finally, if you invest in a startup you are rewarded a 50% tax credit on the investment, thus you can claim € 125,000 in taxes back from your successful VISA application.

REQUIREMENTS

  • Proposed investment plan;

  • Long term accommodation in Italy or declaration of hospitality.

Unlike the other schemes, you don't need to make the investment to ​request your VISA; you can submit the request for the VISA, disclosing the proposed investment and when you receive a pre approval you can then go ahead with the proposed investment, finalizing your VISA application then.

New residents can also benefit of the recently available € 100,000 flat tax. Find out more about this new tax regime at AccountingBolla's blog.

Image by Ruthson Zimmerman

5. STARTUP VISA

If you have any innovative ideas, Italy supports you with a tailored VISA: the Startup VISA.

In order to qualify for this VISA, you must have the approval of a startup committee which will support your VISA application.

The only requirement to have prior pitching your idea is proof of stable financial resources of no less than € 50,000.

You are not bound to generate minimum revenues, nor hire any employees at all.

If you are also interested in investing more than € 250,000 in your startup, we advise to check the investor VISA above since you are not required to be granted any committee approval.

On top of the immigration strategies outlined above, it is worth mentioning the following ones:

  1. Study VISA;

  2. Family reunion;

  3. Religious reasons;

  4. EU Blue card.

These strategies are less popular and more specific, however they might apply to you as well.

  • Self Employment VISA

  • Working Employment VISA

  • Investor VISA

 

On top of that, Italy has introduced the elective residence VISA to allow non-EU citizens to retire to Italy; you only need to have enough financial resources available (€ 31,000) as well as passive income to support your permanent residency in Italy.

How can Retire2Italy help you?​

Retire2Italy with its experienced lawyers will support you to elaborate the most appropriate immigration strategy based on your specific requirements, and support you during your application journey​ gathering all the relevant documents to the Italian and foreign authorities.

We provide three types of support based on your needs.

1. Remote support

If you are able to gather all the relevant documents, we can support you remotely

2. Full support

We take care of the whole process, providing the relevant papers and submitting it to the italian and foreign authorities.

3. All inclusive

On top of the services included in our full support service, we provide a suitable accommodation in compliance with the immigration laws applicable to your specific VISA.

Fill the form below, and move your first step towards the Italian "Dolce Vita".​