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Virginia, US
New Visa Program Forthcoming for Investors
Italy
Italy has introduced a new visa category for investors. When it is fully implemented, the visa will offer qualified foreign investors an initial validity period of two years, renewable for three-year periods upon verification that the investment is maintained as outlined in the law.
Eligibility Criteria
The new visa will be available for those who meet the below criteria:
- Invest a minimum of EUR 2 million EUR in government bonds, which have been untouched for at least two years;
- Invest a minimum of EUR 1 million in an Italian company, which have been untouched for at least two years; or
- Donate a minimum of EUR 1 million to a public interest project relating to culture, education, immigration management, scientific research, protection of cultural or landscape heritage.
Dependents will be eligible for sponsorship under the main applicant’s visa.
What This Means for Employers and Foreign Nationals
Foreign investors should benefit from the additional path for a long-term stay without an in-country sponsor.
This alert is for informational purposes only. If you have any questions, please contact the global immigration professional with whom you work at Fragomen or send an email to [email protected].