Is Italy next to offer the Golden Visa?

At this point in time Italy does not have a golden visa programme for investors purchasing real estate.

It is possible to gain permanent residency in Italy but applicants need to demonstrate annual income of €100,000. This requirement is reduced to €35,000 if the applicant is making a large investment in property. Such an amount is undefined but we understand it to be in the region of €300,000 – €500,000.

The Italian residency scheme is very different to the Golden Visa programmes of Portugal and Spain or Citizenship by Investment programmes of Malta and Cyprus. In these European countries there is no requirement to reside and become tax resident, no minimum stay and clearly defined programme rules.

In 2017 Italy introduced a new programme namely the “Investor Visa for Italy”. This programme applies to nationals of non-EU member states who intend to make an investment or a donation in Italy. The minimum requirement can be either:

  • €2,000,000 invested in government bonds
  • €1,000,000 loan to an Italian limited company,
  • €1,000,000 philanthropic donation
  • €500,000 invested into an innovative start-up

Programmes

A selection of residency and citizenship programmes.