Looking to gain Italian residency by investment in 2020? Golden Visas gives you access to expert advice and the most affordable EU residency solutions available to South African passport holders. Find out more below:
Since March 2017, the Italian government has launched two new investment immigration programmes for third country nationals:
1) The Italy Investor Visa is essentially a residency by investment programme not dissimilar to those of Portugal, Spain and Malta. A key difference, however, is that the Italian residence program requires an investment into a startup, business, or government bonds, rather than an investment in Italian real estate.
2) The second programme is commonly referred to as the Italian Flat Tax / Substitute Tax Regime.
3) A third residency programme, namely a pensioner visa programme for international retirees, is presently being considered as well.
While these programmes are still relatively unknown, it is expected that demand for the Italian Golden Visa programmes will ramp up sharply in 2019 and beyond.
However, given the political climate in the EU and pressure from Brussels, many experts believe that Golden Residency programmes may very soon be a thing of the past – likely even before the end of 2019.
So if you’re serious about getting your European Plan B in place, NOW is the time to apply.
Discover your investment visa options in Italy below, or contact us now for a free consultation:
Italy is a visually spectacular country renowned for its cuisine, climate, architecture and cultural attractions. From an investment residency programme perspective, Italy scores high in terms of affordability and the simplicity of its application process.
The programme has already attracted scores of applicants from countries such as South Africa, China, Brazil, Russia, as well as from European investors from countries such as Britain, Germany, Norway and Sweden.
Italy’s Schengen membership status means that investment residents enjoy the ability to work and travel visa free across all of the EU Schengen member states, a fact that makes Italy highly attractive as a Plan B destination. Italy does not presently offer a residency by property investment option, but we will be monitoring the situation over time.
If you’d like to obtain second residency by means of property investment, the Spanish, Portuguese Golden Visa and Maltese programmes may be well suited to your needs.
While Turkey is a relative newcomer to the investment migration space and presently not yet part of the EU, its property residency and citizenship products offer world-leading value.
And, should they be accepted into the EU, you would have acquired a high value passport for the fraction of the costs and investment associated with say a Maltese or Cypriot passport.
As of January 2019, applicants have the following investment pathways available:
Italy Investor Visa Residency Programme: While the Investor Visa programme is relatively new avenue for non-EU passport holders to establish a foothold in Italy, it is already garnering a lot of attention from international investors. The investment visa is valid for two years, with a 3 year renewal option, and becomes permanent after 5 years. The visa investment options include:
Investing €500,000 into an innovative start-up enterprise
Investing €1 million in an Italian Limited Liability Company (LLC)
Investing €1 million in an Italian philanthropic project or initiative
Investing €2 million in Italian government bonds.
The processing time associated with getting the investment visa approved can be as little as 1 month. A declaration of commitment upon application is generally sufficient; no investment is required prior to receiving approval on your application, making this a fast, simple and low-risk option.
Tax Free Pensioners Programme: Aimed at attracting foreign direct investment to lesser developed parts of Italy, the Retiree Visa Programme offers residency in specific regions of Southern Italy, along with 0% taxation for Non-EU, EU and even Italian nationals for a maximum period of 10 years.
3. Italian Flat Tax Programme: For High Net Worth Individuals (HNWIs) paying €100,000 or more in taxes per annum, the Italian flat-fee taxation structure could be highly compelling: By moving your tax residency to Italy, you’ll be able to pay an annual substitute tax of €100,000 flat, regardless of your total income earned outside of Italy. Your family members can be included under this ta residency programme for an additional €25,000 per person. Any income earned within Italy is progressively taxed in accordance with Italian law.
The Italian Flat Tax Residency Programme is open to all nationalities for a period of 15 years. The government also accepts applications to this programme from Italian nationals returning to Italy after maintaining fiscal residency in another country for a decade or more.
This substitute tax programme also includes payment of taxes on real estate, gifts, financial assets outside of Italy, as well as bank accounts and any capital gains tax on shareholdings realised after the fifth year.
Golden Visas puts the world’s leading emigration consultants at your fingertips. Whether you’re interested in EU second residency, or whether you’re considering investment residency in the USA, Turkey, UK, the Caribbean or Moldova, our consultants can help you identify the jurisdiction or residency programme that would best suit your needs.
Just complete the below form and one of our consultants will contact you with a day to schedule a fee consultation. Slots are limited, so contact us now and start getting your back-up plan in place today.