Italy is keen to attract foreign investment and prepared to cut some red tape to do so. Tuscany-based tax experts MGI Vannucci e Associati explain how investing in Italy could secure you the right to live here. This new visa has been introduced in Italy to attract foreign capital and talent. It therefore represents a measure which, together with the facilitated tax regime of the “flat tax”, allows foreign investors to enjoy important tax benefits and immigration concessions.
Today these benefits are even more interesting. In fact, the minimum thresholds for investments in innovative companies and startups by foreign investors have been halved, so that they can invest in Italy and enjoy tax breaks even with a lower financial contribution.
The thresholds are now as follows:
- For investments in instruments representing joint stock companies operating in Italy and maintained for at least two years, the minimum investment threshold went from €1 million to €500,000;
- For investments in innovative startups registered in the special section of the business register referred to in article 25, paragraph 8, of law decree n.179 of 18 October 2012, the minimum investment threshold went from €500,000 to €250,000.
The reduction of the financial threshold makes Italy the most competitive nation in the European context.
The investor visa is valid for two years for non-EU citizens who choose to invest in strategic activities for the Italian economy and companies. To obtain a visa, non-EU investors must obtain a nulla osta (certificate of no impediment) issued by the Investors Committee for Italy (IV4I). The procedure is quick: it is concluded within 30 days of sending a complete application. It is free and entirely online. After obtaining the nulla osta, the application for an investor visa must be submitted to the diplomatic mission of your place of residence within six months. Once you receive the visa, you have two years to enter Italy.
Source: The Local (https://www.thelocal.it/)