Brief Guide to the Italy Golden Visa Program
Today, many people aim to move to another country. A high standard of living, comfortable conditions, the absence of factors causing depression, and many other things attract owners of impressive capital to make such an important decision as immigration.
You can do it in an accessible and convenient way – with the help of the state program Italy golden visa. The project is designed for people who have free access to legally obtained assets and meet all the requirements that a particular country puts forward. The Italian Republic is a paradise where people with specific capital can realize their dreams, conduct profitable business activities, and easily organize their lives according to their financial possibilities.
Overview of the Italy Golden Visa Program
A special status for financially independent persons in Italy is a great opportunity to improve their standard of living, gain freedom of movement around the world, and become citizens of an EU country. In order to become a participant in the Italy Golden Visa program, you must consent to the processing of personal data, fill out an online application and provide financing in a specific direction and pay consular and service fees. The grounds for applying for a residence permit may be different. It all depends on the specific goals of the passport applicant and the size of the assets.
The certificate for a legal stay on the country’s territory is issued for a period of 2 years. During this time, the investor has the right to travel to other countries, enjoy the benefits of the host Republic, and participate in social and economic spheres of life. After 5 years, the temporary certificate is converted into a permanent one. The investor becomes a full-fledged citizen of the country and can freely enjoy all its benefits.
Investment Options Under the Italy Golden Visa Program
Since the worldwide pandemic, the Italian authorities have decided to lower the entry threshold for investment. It was done to recover the economy and improve all spheres of life. According to the terms of participation in the program, investors can choose one of the available Italy golden visa investment options:
- Purchasing government bonds for 2 million euros.
- Financing a company for half a million euros.
- Investing a quarter of a million euros in a new business project.
- Charitable contribution to a research center, cultural communities, and others in the amount of 1 million euros.
In addition, during the execution of the “strong” document and other documents, additional costs should be considered. These include state surcharges from 230 euros and legal fees from 100 euros.
One of the pros of this state project is that participation is quite affordable. The speed of issuing a permanent passport is relatively short – up to 2 months.
Eligibility Requirements for the Italy Golden Visa
This program is perfect for entrepreneurs who plan to expand their business and open new ways of implementation, as well as for young businessmen who decided to start a business from scratch. It can also be used by those who aim to live in better conditions.
Investors who meet the following requirements can obtain the long-awaited document and enjoy all the preferences of the country:
- be of legal age (18 years old);
- have confirmation of the legality of existing assets;
- absence of a criminal record and current judicial process;
- repayment of all existing debts.
According to the updated information from Immigrant Invest’s immigration specialist Zlata Erlach, after receiving the coveted passport, holders of the special status can enjoy an impressive number of benefits after receiving the coveted passport. The investor can travel without a visa, receive free medical services, register a business, and work and study in the best educational institutions in Italy.
Application Process and Timeline
All documents provided by the applicant, application forms, and other certificates are thoroughly checked for accuracy and correctness. In general, the whole process can be divided into several stages:
- Make an application and get an Italian certificate. The terms vary from 20 days to 3 months.
- Approval is required for participation in the investor program, and an application is made to the state department for confirmation.
- Obtaining a “strong” document for permanent residence, after 5 years of continuous stay in the territory of the Italian Republic, up to 50 days.
After that, Italy passport benefits will be available not only to the main applicant, but also to all close family members. Children and parents who require care are eligible.
Conclusion
Future applicants for the Italy golden visa program can turn to the Immigrant Invest agency. The specialists here provide a comprehensive service, tell you about all the advantages of future residence in the country, and accompany investors at all project stages. Leave an application, and our specialists will contact you!
