Intel

ITALY INVESTOR VISA

Live in Italy through €250K-€2M investment. EU residency, 10-year citizenship pathway, world heritage, Mediterranean lifestyle, €300K flat tax for HNWIs.

€250K Minimum
10 YRS Citizenship
29 Schengen

AT A GLANCE

Processing 3-6 months
Asset Proof €1M-€2M
Family Included
Tax Option 7% South/€300K

ITALY INVESTOR VISA QUICK FACTS (2026)

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Program Status Active since 2017, digital Nulla Osta since 2026
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Investment €250K startup, €500K company, €2M bonds
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Processing 3-6 months (30-day Nulla Osta)
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Asset Requirement €1M-€2M total assets proof
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Family Spouse + children + parents
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Travel (Residency) 29 Schengen countries

WHY ITALY INVESTOR VISA?

Live La Dolce Vita with EU residency and unmatched cultural heritage

Italy's Investor Visa offers EU residency through €250K-€2M productive investment in Italian innovative startups, established companies, or government bonds. Unlike property-based programs, Italy requires economic investment that supports Italian businesses, innovation, and job creation.

Italy stands out for unmatched cultural heritage (58 UNESCO World Heritage Sites—most globally), Mediterranean lifestyle, world-renowned cuisine, fashion/design capital status. The program attracts investors seeking quality of life over pure tax optimization, though favorable tax regimes exist: 7% flat for southern retirees and €300K annually for wealthy individuals (2026 rate).

The 10-year citizenship pathway is slower than Portugal (5 years) or Greece (7 years), but offers Italian passport ranked among world's strongest (194+ visa-free countries). No minimum stay for residency maintenance, but citizenship requires 183+ days/year and B1 Italian language—making it suitable for those genuinely wanting to live in Italy, not just hold EU residency.

2026 INVESTMENT OPTIONS

Four qualifying investment routes (no real estate)

Lowest Entry

INNOVATIVE STARTUPS

€250K

Italian innovative startup registry

  • €250,000 minimum in Italian innovative startup
  • Startup must be registered in official Italian startup registry
  • Focus on innovation, R&D, technology, sustainability
  • 2+ year holding period required
  • Lowest investment threshold for Italy
  • Higher risk, higher potential returns
Entrepreneurs

COMPANY SHARES

€500K

Italian limited company equity

  • €500,000 in Italian limited company shares (società di capitali)
  • Company must be established and operating in Italy
  • Can be existing company or new venture
  • 2+ year holding period required
  • Active involvement possible but not mandatory
  • Dividends and capital appreciation potential
Safest

GOVERNMENT BONDS

€2M

Italian sovereign debt securities

  • €2,000,000 in Italian government bonds (BTP)
  • Sovereign debt securities issued by Italian state
  • Must hold minimum 2 years (cannot sell before)
  • Safest option with sovereign guarantee
  • Current yields ~3.5-4% annually (2026 rates)
  • Liquid and tradeable on secondary market after 2 years

2026 INVESTMENT REQUIREMENTS & PROCESS

All routes require:

  • Minimum 2-year holding period (cannot sell/withdraw before 2 years)
  • Investment maintained throughout residency period
  • Funds transferred from abroad with documented source
  • Investment certificate from authorized Italian intermediary
  • Annual reporting demonstrating ongoing investment compliance

CRITICAL 2026 UPDATE - Investment Timing:

You do NOT need to invest before applying. Process works as follows:

  • Step 1: Apply for visa with proof you WILL invest (commitment letter, bank statements)
  • Step 2: Receive visa approval
  • Step 3: Enter Italy with investor visa
  • Step 4: Have 90 days from entry date to transfer funds and execute investment
  • Step 5: Submit investment certificate to obtain residence permit

Why no real estate? Italy deliberately excludes property investment to channel capital toward productive economic activities—government debt, business investment, innovation—that create jobs and economic value beyond property speculation. This differentiates Italy from Greece, Portugal, Spain (closed).

⚠️ ASSET PROOF REQUIREMENTS (2026)

In addition to the investment amount, you must prove ownership of substantial total assets:

€250K/€500K Routes: Must demonstrate €1,000,000 minimum total global assets

€2M Route: Must demonstrate €2,000,000+ minimum total global assets

Acceptable Assets:

  • Real estate holdings (appraised market value)
  • Investment portfolios (stocks, bonds, funds)
  • Business ownership (company valuations)
  • Cash deposits and liquid assets
  • Other verifiable assets

Why This Matters: Many applicants can afford the €250K-€500K investment but fail to meet the €1M total asset threshold. Italian authorities want evidence of broader financial stability beyond just the investment amount.

Documentation: Bank statements (6 months), brokerage statements, property valuations, business financials, tax returns, comprehensive source of wealth documentation.

REQUIREMENTS & ELIGIBILITY (2026)

What you need to qualify

Requirement Details
Age 18+ years old (main applicant)
Investment €250K-€2M in qualifying routes, 2+ year hold, executed within 90 days post-arrival
Total Assets (Mandatory) €1M for €250K/€500K routes, €2M for bond route
Background Clean criminal record globally, no security threats
Health Insurance €30,000 minimum coverage valid in Italy/EU
Accommodation Proof of suitable housing in Italy (owned or rented)
Stay Requirement None for residency. 183+ days/year for citizenship pathway.
Income Sufficient funds to support yourself/family without employment

FAMILY INCLUSION

Italy Investor Visa includes family members at no additional investment:

  • Spouse or partner (registered civil union)
  • Dependent children under 18
  • Adult children 18+ if financially dependent and unmarried
  • Dependent parents in exceptional circumstances (financial dependency)

Each family member receives independent visa with same validity and rights. Can work, study, access healthcare. Investment made by main applicant covers entire family.

Fees: Visa application €116 per person. Legal/administrative typically €10K-€15K total for family.

CITIZENSHIP PATHWAY (10 YEARS)

Italian citizenship available after 10 years legal residency:

Standard Requirements:

  • 10 years continuous legal residence in Italy
  • Physical presence 183+ days/year throughout most of period
  • B1 Italian language proficiency (intermediate conversational level)
  • Knowledge of Italian civic values, constitution, culture
  • Sufficient income maintained throughout 10 years
  • Clean criminal record maintained globally
  • Integration into Italian society (employment, community ties beneficial)

Reduced Timelines (Special Cases):

  • 4 years if born in Italy
  • 3 years if married to Italian citizen
  • Children completing full schooling in Italian system may qualify earlier

Italian Passport Benefits (Post-Citizenship):

  • Ranked among world's strongest: 194+ visa-free countries as of 2026
  • Full EU citizenship rights (live/work anywhere in EU permanently)
  • Dual citizenship allowed (keep original passport)

Why 10 Years? Longest timeline among major EU Golden Visas (Portugal 5, Greece 7, Malta 5). Reflects Italy's preference for genuine integration over transactional residency. Suitable for those actually planning Italian life long-term, not just EU access.

APPLICATION PROCESS (2026)

Streamlined digital Nulla Osta speeds timeline to 3-6 months

1

INVESTMENT SELECTION

Choose route (€250K startup, €500K company, €2M bonds). Consult CIVITAS advisors on risk/return. Identify specific investment target. Prepare commitment letter from investment entity. Note: Investment executed AFTER visa approval, not before.

Duration: 2-4 weeks
2

DIGITAL NULLA OSTA (2026 UPDATE)

Submit preliminary application online to Italian Ministry of Interior via digital platform. Provide passport, proof of assets (€1M-€2M), investment commitment letter, background info. Receive Nulla Osta (pre-approval) within mandatory 30 days by law.

Duration: 30 days (legally mandated) • 2026 Change: Fully digital, much faster
3

DOCUMENT PREPARATION

Gather: passports, birth/marriage certificates, police clearances (all countries 10+ years residence), health insurance €30K coverage, proof of Italian accommodation, asset documentation (€1M-€2M proof), source of wealth. Apostille and translate to Italian.

Duration: 4-6 weeks
4

VISA APPLICATION AT CONSULATE

Submit complete application to Italian consulate in country of residence with Nulla Osta approval, all documents, application fees. Attend mandatory in-person interview. Submit biometrics (fingerprints, photo).

Duration: 1-2 weeks preparation + immediate submission
5

CONSULATE PROCESSING

Italian consulate reviews application. Background checks via Interpol/Schengen databases. Asset verification. Investment commitment review. Decision on visa approval. Minimal delays with Nulla Osta already granted.

Duration: 1-2 months (faster than pre-2026)
6

VISA ISSUANCE & ENTRY

Receive Investor Visa (Visto per Investitori) valid 2 years. Travel to Italy within validity period. Must enter Italy to activate residency rights. Note: Investment NOT yet made at this stage.

Duration: 1-2 weeks after approval
7

INVESTMENT EXECUTION (POST-ARRIVAL)

After entering Italy, you have 90 days to transfer funds and execute chosen investment. Purchase bonds, invest in company, or subscribe to startup. Obtain official investment certificate from authorized Italian intermediary (bank, fund manager, company).

Duration: Up to 90 days from arrival • Critical: Must complete within 90-day window
8

RESIDENCE PERMIT

Within 8 days of investment completion, apply for residence permit (permesso di soggiorno) at local Questura (police station). Submit fingerprints, documents, investment certificate. Receive residence card valid 2 years, renewable indefinitely while investment maintained.

Duration: 2-3 months processing • Result: Full Italian residency rights

TOTAL TIMELINE: 3-6 MONTHS (2026 IMPROVEMENT)

Investment selection (2-4 weeks) + Digital Nulla Osta (30 days mandatory) + Documents (4-6 weeks) + Consulate application (1-2 weeks) + Processing (1-2 months) + Visa (1-2 weeks) = 3-6 months to entry. Then 90 days to invest + 2-3 months for permit = total 6-9 months to full residency.

2026 Speed Improvement: Introduction of mandatory 30-day digital Nulla Osta process significantly accelerated timelines. Pre-2026, applications could take 6-12 months. Now 3-6 months is realistic, making Italy among fastest EU investor programs.

Faster than advertised pre-2026: Previous estimates of 6-12 months are now outdated. Digital transformation of Italian immigration (2026) cut processing time in half.

See: Processing Time Comparison 2026

ITALY INVESTOR VISA BENEFITS

Why investors choose Italy (updated 2026)

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WORLD HERITAGE LEADER

58 UNESCO sites—most globally. Rome, Florence, Venice, Pompeii, Amalfi Coast, Tuscany. 3,000 years continuous history. Renaissance art birthplace. Live surrounded by unparalleled cultural treasures accessible daily.

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CULINARY EXCELLENCE

World-renowned cuisine, regional diversity (20 distinct regional cuisines). Fresh produce markets daily. Wine regions (Tuscany, Piedmont, Veneto). Mediterranean diet UNESCO heritage. Farm-to-table culture. Michelin stars alongside authentic trattorias.

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FASHION & DESIGN CAPITAL

Milan fashion capital globally. Italian design leadership (furniture, automotive, architecture). Luxury brands headquarters (Gucci, Prada, Ferrari, Armani). Design weeks, art biennales. Center of global style, creativity, innovation.

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GEOGRAPHIC DIVERSITY

Alps skiing (Dolomites, Mont Blanc), Mediterranean beaches 7,600km coastline, Tuscan countryside, volcanic islands (Sicily, Sardinia). Lakes (Como, Garda, Maggiore). Four distinct seasons. Endless lifestyle variety within one country.

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STRONGEST PASSPORT (194+)

Italian passport ranked among world's strongest: 194+ visa-free countries (2026). Full EU citizenship rights. During residency phase: 29 Schengen access. After citizenship (10 years): 194+ global access, live/work anywhere EU permanently.

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WORLD-CLASS HEALTHCARE

Italian NHS (Servizio Sanitario Nazionale) ranks among world's best. Free public healthcare for residents. Private insurance €100-€300/month. Modern hospitals, specialist care, English-speaking doctors major cities. Medical research leader.

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QUALITY EDUCATION

Historic universities (Bologna 1088—oldest in Europe). Strong public education free/low-cost. International schools available major cities. University of Milan, Politecnico, Bocconi (top business school). EU student rates €1K-€4K/year vs €20K+ US/UK.

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TAX OPTIONS (2026 RATES)

7% flat tax for retirees relocating to southern towns (under 20K population). €300K annually flat tax for wealthy individuals (2026 rate, was €100K-€200K pre-2026). Regional tax incentives. 90+ tax treaties. Corporate tax competitiveness.

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EXCELLENT INFRASTRUCTURE

High-speed rail Frecciarossa connects major cities (Milan-Rome 3 hours, Milan-Venice 2.5 hours). Major international airports (Milan Malpensa, Rome Fiumicino, Venice). Autostrada highway system. Central European location. Easy EU/Mediterranean travel.

COMPARE TO OTHER EU PROGRAMS (2026)

vs Portugal (€500K):

  • Cost: Italy €250K-€2M vs Portugal €500K (Italy can be cheaper)
  • Citizenship: Italy 10 years vs Portugal 5 years (Portugal much faster)
  • Passport: Italy 194+ vs Portugal 187 (Italy stronger)
  • Culture: Italy unmatched heritage vs Portugal beaches/lifestyle
  • Processing: Italy 3-6 months vs Portugal 18-24 months (Italy faster)

vs Greece (€400K-€800K):

  • Investment: Italy €250K-€2M vs Greece €400K-€800K (Italy can be cheaper with startup)
  • Stay: Italy 0 days vs Greece 0 days (both flexible for residency)
  • Citizenship: Italy 10 years vs Greece 7 years (Greece faster)
  • Infrastructure: Italy far superior quality of life metrics
  • Passport: Italy 194+ vs Greece 184 (Italy stronger)

vs Malta (€337K-€387K):

  • Language: Italy Italian vs Malta English (Malta easier for Anglophones)
  • Size: Italy large country diversity vs Malta small island
  • Citizenship: Italy 10 years vs Malta 5 years (Malta faster)
  • Cost: Italy €250K-€2M vs Malta €337K-€387K (similar at startup level)
  • Culture: Italy globally superior heritage

Read: EU Golden Visa Comparison 2026

ITALY TAX REGIMES (2026)

7% retiree flat tax and €300K wealthy individual option

7% FLAT TAX FOR RETIREES (SOUTHERN ITALY)

Italy offers 7% substitute flat tax on foreign pension income for retirees relocating to southern towns:

  • 7% flat tax on ALL foreign pension income (Social Security, state pensions, private pensions)
  • Valid up to 10 consecutive years (can opt out anytime)
  • Must establish Italian tax residency (183+ days/year)
  • Must choose residence in town with population under 20,000
  • Eligible regions: Sicily, Calabria, Sardinia, Campania, Basilicata, Abruzzo, Molise, Puglia
  • Italian-source income taxed at standard progressive rates (but most retirees have only foreign pensions)

Savings Example:

  • €100,000 annual foreign pension income
  • Standard Italian tax: ~€38,000 (progressive rates)
  • With 7% flat tax: €7,000
  • Annual savings: €31,000

Perfect For: Retirees with US/UK/EU foreign pensions seeking authentic Italian village life, significantly lower cost of living vs Rome/Milan/Florence, warm Mediterranean climate, beach/mountain access. Many southern towns offer €1 houses to attract residents.

Popular Locations: Puglia (Ostuni, Lecce), Sicily (Taormina, Syracuse), Abruzzo (mountain villages), Sardinia (coastal towns). Combination of sea, mountains, authentic culture, low costs.

⚠️ €300,000 FLAT TAX FOR WEALTHY (2026 INCREASE)

JANUARY 2026 UPDATE: Italy's Budget Law 2026 raised the high-net-worth flat tax regime from €100,000-€200,000 to €300,000 annually. This is a significant increase affecting HNWIs.

Current 2026 Regime:

  • €300,000 annual flat tax on ALL worldwide income (main applicant)
  • +€50,000 per family member added to regime (doubled from €25,000 pre-2026)
  • Valid for up to 15 consecutive years
  • Exempts foreign-source income from progressive rates (up to 43%)
  • No wealth tax, inheritance tax, or gift tax on foreign assets
  • Must become Italian tax resident (183+ days/year in Italy)
  • Must not have been Italian tax resident in 9 of previous 10 years

Cost for Family of 4 (2026):

  • Main applicant: €300,000
  • Spouse: +€50,000
  • 2 Children: +€100,000 (€50K each)
  • Total annual tax: €450,000 for family of 4

When It Makes Sense:

  • Breakeven: ~€700,000+ annual worldwide income for main applicant only
  • At €1,000,000 income: Standard Italian tax ~€470,000 vs €300,000 flat = €170,000 savings
  • At €5,000,000 income: Standard tax ~€2,200,000 vs €300,000 flat = €1,900,000 savings annually
  • Best for: Ultra-high-net-worth individuals (€2M+ annual income) seeking Italian lifestyle with tax optimization

Strategy: Combine Investor Visa (€250K-€2M investment) with €300K flat tax. Total Year 1 cost €550K-€2.3M for residency + favorable tax treatment on unlimited income for 15 years. Saves hundreds of thousands to millions annually for UHNWIs with €2M+ income.

Comparison to Other EU Options:

  • Portugal NHR: Ended December 2023, no longer available
  • Greece €100K flat tax: Limited to specific professions, not general investors
  • Malta €100K flat tax: Still €100K (Italy's €300K is triple the cost)

STANDARD ITALIAN TAX RATES (NO FLAT TAX)

For those not using special flat tax regimes:

Personal Income Tax (IRPEF) 2026:

  • 23% on income up to €15,000
  • 25% on €15,001-€28,000
  • 35% on €28,001-€50,000
  • 43% on income over €50,000
  • Plus regional/municipal taxes 1.23-3.33% (location-dependent)
  • Effective top rate: ~46% including regional taxes

Corporate Tax: 24% national corporate tax (IRES) + 3.9% regional tax (IRAP) = 27.9% effective. Competitive within EU. Various incentives for R&D, startups, southern regions (tax credits up to 50% for certain investments).

COMPLETE COST BREAKDOWN (2026)

Total investment required

Cost Component €250K Route €500K Route €2M Route
Investment €250,000 €500,000 €2,000,000
Legal & Advisory €10,000-€15,000 €10,000-€15,000 €15,000-€25,000
Visa Fees (4 people) €464 €464 €464
Translation/Apostille €1,000-€2,000 €1,000-€2,000 €1,000-€2,000
Health Insurance (Year 1) €2,000-€4,000 €2,000-€4,000 €2,000-€4,000
Accommodation (Year 1) €12,000-€24,000 €12,000-€24,000 €24,000-€48,000
Permit Fees €200-€400 €200-€400 €200-€400
YEAR 1 TOTAL €276K-€296K €526K-€546K €2.04M-€2.08M

TOTAL COST ANALYSIS (FAMILY OF 4)

€250K Startup Route: €276,000-€296,000 Year 1

  • Lowest entry point for Italian residency
  • Higher risk (startup investment) but potential upside
  • Suitable for entrepreneurs, tech investors

€500K Company Route: €526,000-€546,000 Year 1

  • Middle option, more stable than startups
  • Equity in established Italian company
  • Dividend income potential offsets costs

€2M Bond Route: €2,040,000-€2,080,000 Year 1

  • Safest option with sovereign guarantee
  • Current yields ~3.5-4% = €70,000-€80,000/year interest income
  • After 2 years: €140K-€160K total returns cover most non-investment costs
  • Can sell bonds after 2-year hold period

Ongoing Costs (All Routes):

  • €2,000-€4,000/year health insurance (family)
  • €12,000-€48,000/year accommodation (location-dependent: southern towns €12K, Milan/Rome €48K+)
  • €200-€400 biennial permit renewal
  • Living expenses €2,000-€5,000/month family (highly location-dependent)

Investment Returns Help: Bond yields (3.5-4%) and potential company dividends offset ongoing costs. Unlike property programs where investment is illiquid, Italian government bonds are tradeable after 2 years.

See: Golden Visa Cost Comparison 2026

READY TO START YOUR ITALY INVESTOR VISA?

CIVITAS specializes in Italian investor visa applications. Expert guidance on investment selection (startups, companies, bonds), tax optimization (7% retiree, €300K flat tax), and lifestyle planning for La Dolce Vita. Navigate 2026 digital Nulla Osta process with confidence.