What is an "investor visa"?

It is a new type of entry visa for foreign citizens who intend to make an investment or donation as defined in art. 26-bis, par. 1 of Legislative Decree 286/1998 (TUI). Investor visas are issued independently of annual entry quotas provided for by art. 3, par. 4, TUI.

Approved investment types:

-Invest over 2 million euros in Italian government bonds

-Invest over 1 million euros for charitable donations

Who can apply for an investor visa? (the “applicant”)

Nationals coming from countries that are not member of the EU or within the Schengen area countries may apply for an investor visa. The investor visa applicant must be:

- an individual (i.e. natural person) over eighteen years of age;

- a foreign legal entity, identified in its legal representative, i.e. the person who, on the basis of the deed of incorporation and the articles of association of the entity, is authorized to commit the will of the foreign legal entity and is over eighteen years old.

What is an "investor residence permit"?

It is the two-year residence permit, renewable for further three-year periods (leg. decree 286/1998, art. 26-bis, par. 5) that is issued to investor visa holders after they arrive in Italy.

The conditions for issue and maintenance of the permit are:

- the execution of the investment or donation declared in the visa application within three months of the date of entry into Italy;

- the maintenance of the original investment for the entire period of validity of the permit.

If one of these two conditions is not satisfied, the investor residence permit may be revoked, even before its expiry date, and renewal is not permitted.

To be considered a complete file chain, the following documents are required:

-Specific contact information

-Passport copy

-A brief resume containing educational background and work experience

-Selection of investment type

-Description of investment projects and characteristics

-Proof of Funds and Statement of Funds Use

-Other documents required by the committee

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