Investor Visa Italy

Invest in Italy.
Gain European residency.

Italy's Investor Visa grants a 2-year residency permit to non-EU nationals who make a qualifying investment. Family members included.

€250k
Minimum Investment
2+3
Years Residency (renewable)
30
Days for Nulla Osta Decision
€300k
Flat Tax Available
The Four Investment Categories

Choose your
investment path.

Italian law recognises four types of qualifying investment, each with different thresholds and risk profiles.

€250k
Category 1 — Equity Investment

Innovative Startups (Startup Innovative)

Investment of €250,000 as equity in an officially registered Italian innovative startup (startup innovativa). The company must be in the MIMIT register.

✅ Requirements

  • Minimum €250,000 equity investment
  • Target company in MIMIT startup register
  • Investment held for visa duration
  • Notarised investment agreement + share deed
  • Evidence of funds transfer from abroad

📊 Key Considerations

  • Highest risk among the four categories
  • Potential for significant returns
  • Can invest in multiple startups (combined ≥ €250k)
  • 30% investor tax deduction available
  • Active founder role permitted
€500k
Category 2 — Corporate Investment

Established Italian Companies

€500,000 equity investment in any established Italian company (S.p.A. or S.r.l.) incorporated and operating in Italy. Investment must be equity, not debt.

✅ Requirements

  • Minimum €500,000 equity investment
  • Target must be Italian-incorporated
  • Real economic activity (no shell companies)
  • Notarised share purchase agreement
  • Due diligence on target company recommended

📊 Key Considerations

  • Wide sector flexibility
  • Majority stake gives management control
  • Due diligence on existing liabilities critical
  • Can invest in a family-owned business
  • Dividends from Italian company are Italian-source income
€1M
Category 3 — Fixed Income / Bonds

Italian Government Bonds (Titoli di Stato)

€1,000,000 in Italian government bonds (titoli di Stato) or similar public securities. The most conservative option — lower risk, regular coupon income.

✅ Requirements

  • Minimum €1,000,000 in Italian government bonds
  • Bonds held for visa duration
  • Purchase via Italian or authorised broker
  • Custodian account must be EU-regulated
  • Bank confirmation letter of holding

📊 Key Considerations

  • Lowest risk among the four categories
  • Regular coupon income (~3.5–4.5% on BTP 10Y)
  • Capital exposed to Italian sovereign risk
  • Interest subject to 12.5% Italian withholding tax
  • Fully passive investment
€1M
Category 4 — Philanthropic Donation

Philanthropic Projects of Public Interest

€1,000,000 donation to a pre-approved project of public interest. Non-returnable — but may qualify for significant Italian tax deductions.

✅ Requirements

  • Minimum €1,000,000 donation
  • Project in art, culture, education, research, or social welfare
  • Pre-approval by competent Italian ministry
  • Donation agreement with recipient organisation
  • Bank transfer receipts as proof

📊 Key Considerations

  • Capital is not returned
  • Art Bonus (65% tax credit) available for cultural donations
  • Careful project pre-selection required
  • Ideal for legacy-focused applicants
  • Immigration law only requires the donation to be made
Application Process

How the Investor Visa
application works.

1
Pre-screening — Comitato per i VistiSubmit pre-screening to Comitato per i Visti at MIMIT (optional but recommended).
2
Request Nulla Osta from ComitatoApply for official Nulla Osta. Committee responds within 30 days.
3
Make the InvestmentFinalise investment after Nulla Osta. All transfers must be fully documented and traceable.
4
Apply for the Visa at Italian ConsulateApply for Investor Visa (Type D) at Italian consulate with Nulla Osta + investment proof. Processing: 2–6 weeks.
5
Enter Italy and Apply for Permesso di SoggiornoWithin 8 working days, apply for permesso di soggiorno per investitori. Duration: 2 years, renewable for 3 years.
6
Renew the Visa (Year 2+)Renewable for 3-year periods while investment is maintained. After 5 years: EC long-term permit. After 10 years: naturalisation possible.
💎
Tax Strategy for Investor Visa Holders

Combine Investor Visa + €300,000 Flat Tax

Investor Visa holders who become Italian tax residents can apply for the €300,000 flat tax. Pay €300,000/year to cover all foreign income, regardless of amount.

€300k
Fixed annual tax on all foreign income
15 yrs
Maximum duration of the regime
0%
IVAFE/IVIE on overseas assets
Full guide to the €300,000 flat tax →
Family Members

Your family
can come too.

👨‍👩‍👧‍👦 Who Can Join

  • Spouse or registered civil partner
  • Minor children (under 18)
  • Adult children with severe disability
  • Dependent parents (in limited circumstances)

📋 Family Reunification Process

  • Primary visa holder must have permesso first
  • Apply for Nulla Osta at Sportello Unico Immigrazione
  • Family members apply for reunification visa
  • Receive permesso per motivi familiari
  • Family members have full right to work in Italy

Tax Residency: Becoming (or Not Becoming) an Italian Fiscal Resident

The Investor Visa grants the right to live in Italy — but it does not automatically create Italian tax residency. The two decisions (residency permit and tax residency) are separate and must be planned independently. Here is what HNWI investors need to understand:

LEGAL FRAMEWORK: TUIR ART. 2 + D.LGS. 209/2023 Italian tax residency is triggered if, for more than 183 days per year, you are registered at the Anagrafe OR have your domicile (personal/family relationships centre) OR your habitual abode in Italy. The 2024 reform made Anagrafe registration a rebuttable presumption — it is no longer automatic.

How to Become an Italian Tax Resident as an Investor

Most Investor Visa holders choose to establish Italian tax residency to access the Art. 24-bis Flat Tax regime (€300,000/year fixed tax on all foreign income). The steps:

How to Avoid Italian Tax Residency While Holding an Investor Visa

Some investors prefer to hold the Investor Visa for residency rights and freedom of movement, but manage their tax affairs from a more favourable jurisdiction. This is legally possible with careful planning:

✓ PRO: Becoming Italian Tax Resident

Access to Flat Tax €300k — all foreign income fixed at €300,000/year regardless of amount
No IVAFE (0.2% wealth tax on foreign assets) while under the Flat Tax regime
Full Italian healthcare (SSN), schools, and EU Long-Term Resident status after 5 years
Path to Italian citizenship after 10 years

✗ CON: Becoming Italian Tax Resident

€300,000/year flat tax cost — not worth it if foreign income is below ~€1M/year
IVIE: 0.76% annual wealth tax on foreign real estate still applies outside the Flat Tax regime
Exit tax risk on departure — latent gains on significant shareholdings taxed upon transfer of residency abroad
Complex annual compliance: Italian tax returns, RW declaration, IVAFE/IVIE reporting

For the complete legal framework on Italian tax residency — including the D.Lgs. 209/2023 reform, double tax treaties, and all special regimes — read our dedicated guide.

→ Read: Italian Tax Residency 2026 — Complete Legal Guide
FAQ
Do I need to live in Italy to maintain the Investor Visa?
No minimum stay requirement to maintain the visa. However, to access the flat tax regime or qualify for long-term residency, you need 183+ days/year in Italy.
Can I use borrowed money for the investment?
No. Funds must be your own. You must document the source of funds. Borrowed or financed funds do not qualify.
What happens if my investment fails or loses value?
For equity investments, visa renewal may be at risk if the company fails. For bonds, market fluctuation is generally acceptable. Investments should make genuine economic sense independently of the visa.
Does the Investor Visa lead to Italian citizenship?
Yes — after 10 years of continuous legal residence, Investor Visa holders can apply for citizenship by naturalisation. The visa years count towards the 10-year requirement.
📖 Read the complete investor guide (2026) →
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