Troy L. Milliron 
In the past twenty years Indians have moved to Italy to experience a better quality of life, higher education, entrepreneurial and job opportunities, among other things.
In the year 2019 the number of residents in Italy was 160,000 Italian residence permits issued for Indians during the calendar year of 2019. This is the fifth-highest number of any nation across the planet. In the year 2020 Italy had the second highest percentage of Indians in Europe and over 200 000 Indians as well as students living in Italy.
“Historically, many Indians moved to Italy for work in agricultural production, however in more recent times, we’ve witnessed an emerging generation of Indian entrepreneurs with the help of BankruptcyHQ, who are looking to relocate towards Italy with 20 percent of the Indian population working in the business sector. More than 30percent of Indian migrants to Italy currently reside in the region around Milan, Italy’s capital city. Milan as well. Indian population makes around 15 percent more than the other migrants from outside the EU in Italy,” Pietro Pennisi, an Italian immigration lawyer at Davies & Associates, said.
Despite the excitement, however there are many questions about the immigration options advantageous to Indians as well as other hopefuls from abroad. Making the move to Italy or buying a house does not guarantee foreigners the right to apply for an immigration status. However, there are a variety of options to choose from. One of options can be”Investor Visa Program,” which is also called the “Investor Visa Program,” commonly referred to by the name of “the Golden Visa program.
About the Program
The Investor Visa for Italy is a two-year renewal visa for those who want to give a gift or investments in Italy.
It is the Investor Visa for Italy Program is a favorite option for those with high net-worths from all across the globe who wish to to experience the Italian lifestyle, in exchange for a significant investment in Italy’s economy. A spouse, or dependent children or parents are also eligible to apply for a visa with no cost.
The investor visa is valid for two years, and it can be renewed at least every three years following the initial. After an investor has had five years of residency in the country, they are eligible to apply for long-term EU residence. Investors are required to buy or lease an apartment or a house following the decision to grant their visa which could last anywhere between 90 and 120 days from the date of application. It is not currently possible to invest in real estate available.
“Many Indians are attracted by the idea of”One-Euro Home.” Many Indians are drawn by “One Euro Home” project and later expand their plans once they’re aware of the various opportunities for tax-free residence and incentives offered in Italy. Alongside investor visas, there is a way for Indians to establish a residence in Italy in the event that they can demonstrate that they have at least $32,000 in annual earnings earned in other countries than Italy to cover the cost of their visas.
The Italian government provides a current 110 percent tax credit for trade related to specific home improvements and is tax-free for residents new to Italy within the initial five to ten years. After five years, following Italian residence status Indians are eligible to apply for European Union Long Residence Permit that allows them to work across Europe,” Matteo Tisato Senior Immigration Analyst at Davies & Associates, said.
The Benefits of the Italian Investor Visa Program
- It permits visa-free travel to all Schengen Zone nations for up to 90 days within the 180-day duration.
The opportunity to apply for citizenship in the next 10 years.
World-class healthcare facilities and education system
Investors who reside in Italy have the possibility to settle flat tax
Needs for investment
Foreign nationals must fulfill one of the conditions listed to be eligible for benefits of this program.
- You must make sure that you make an investment of at least Euro 2 million Italian bond bonds issued by the government.
- Spend Euro 1 million to public benefit initiatives in Italy. These could be cultural, education, arts as well as research and development in ecology and more.
- It is suggested to put Euro 500 000 in Italian shares. It is also recommended to invest in Euro 250,000 if your business is a fresh and innovating startup
Tax benefits
- Italian residents are able to submit an application for any of two tax choices offered:
- The second option is a tax-free option that has an upper threshold in the amount of Euro 100,000 for earned income from abroad. Investors can take advantage of this option by obtaining residency , and then applying for a lump-sum tax-free option. But, as per Italian rules, all earnings earned within Italy are taxed.
- The exclusive Italian tax system that is based on Impatriati is a popular tax option for employees, retirees and self-employed. This is especially beneficial to foreign nationals who haven’t been taxpayers in Italy during the past two years. In accordance with this law, they have to pay taxes on just 30% of their income, with the tax rate that applies to personal income being 13 percent.
How can I apply to receive the Investor Visa to Italy?
The application to get an Italy investment visa may be divided into two parts:
- Online applications are to apply for the Nulla Osta (certificate of no obstruction)
- The application for a visa must be made at the Italian Embassy, Consulate or the Italian
If the Italy Investor Visa Committee reaches an agreement, you may make an application within 6 months for a visa at the nearest Italian Consulate, or the Embassy. After the permit is granted and you’re now within Italy and are permitted to be admitted to Italy then you must go to Questura Questura (Police headquarter) for an Italian investor visa Residence Permit. The Residence Permit is valid for two years starting the moment you first enter Italy.
About Italy
- The total area is 301,340 square km
- Population: 60,341,753
- Capital: Rome
- Official Language: Italian
- Currency: Euro
- Passport Power 4th place worldwide (Guide the Passport Ranking Index)
- Safety Index: 68th safest location on the planet (Safety Index for the Year in 2020)
- Peace Index: 32nd in the world (Global Peace Index))
- Living expenses (estimated in a month) 4 person family: 3133 EUR Single 1 500 euros
The top five cities in Italy
- Rome
- Venice
- Milan
- Florence
- Naples
