Natural resources abound in Italy, which boasts a large number of lakes, beaches, mountains, and a prime location in Mediterranean Europe. Because Italy has so many UNESCO World Heritage Sites, living there is highly recommended. Furthermore, because of its location, it has good connections to the rest of Europe and the world.
If you want to live in the heart of Europe, the Italy Golden Visa program is a great way to experience its rich culture.
Since the Italy Golden Visa program is one of the easiest ways to become a resident of the country, we will go over it in this piece.
About the Italy Golden Visa Program
The Italian government launched the Italy Golden Visa, also referred to as the “Investor Visa for Italy,” in 2017 in an effort to encourage foreign direct investment. The Italy Golden Visa gives non-EU citizens the chance to invest in Italy and receive a resident visa in return.
A two-year residency permit is granted under the golden visa program. The permission may be renewed for a further three years once this time has passed.
Advantages offered by Italian Residency By Investment
The Italy Golden Visa program gives its holders significant advantages even though it serves as a motivator to draw in foreign direct investment.
The Italy Golden Visa has a number of benefits. After ten years, you can apply for Italian citizenship and take advantage of a particular tax system. Along with allowing you to go anywhere in the Schengen Zone, the visa also allows you to apply with family members. You are permitted to work in Italy with your family, and you are eligible to use the country’s public healthcare system. In addition, compared to other European programs, the Italian investor visa application process is quicker and simpler.
Italian Citizenship Through Italy Golden Visa
An Italy Golden Visa does not instantly grant Italian citizenship. However, if you stay in Italy for ten years in a row, you can petition to become a naturalized Italian citizen. Additionally, dual citizenship is permitted in Italy. This implies that holders of Italy Golden Visas who obtain Italian citizenship do not have to renounce their current citizenship.
Before processing your application, it will be beneficial to consult with immigration authorities and specialists in your native country.
Alternative Popular Golden Visa Countries
Portugal, Hungary, and Greece Golden Visa Programs are among the many nations that offer golden visas, which provide prospects for citizenship and residency through investment programs. We have selected the most well-liked European Golden Visa Programs to share with you, albeit we will not go into great depth about each one. Let us examine a few of the most well-known Golden Visa nations worldwide.
Golden Visa Programs
Greece Golden Visa: Introduced in 2013, the Greece Golden Visa offers a five-year residency visa through investment. Applicants must be at least eighteen years old, non-EU, and have no criminal history. €800,000 for properties in major cities like Athens, €400,000 for rural or smaller cities, or €250,000 for real estate rehabilitation are examples of qualifying investments.
Portugal Golden Visa: When considering Golden Visas, Portugal is the first nation that springs to mind. With investment options starting at €250,000, you can use the Portuguese Golden Visa to get a residence permit in Portugal. You can also bring your family along, and five years after you applied for the Portuguese Golden Visa, you can apply for citizenship.
Hungary Golden Visa: This program, which will be introduced in 2024, provides a 10-year resident permit by contributions of up to €250,000 in real estate, €500,000 in acquisition of real estate, or a €1 million non-refundable public trust donation. Family members may apply, and there is no minimum stay requirement for the program’s entrance to the EU Schengen area.
