How Italy's Golden Visa opens door to Schengen residency for foreign investors
Italy's Investor Visa, launched in 2017, offers residency to non-EU nationals through qualifying investments, with no mandatory stay. Investors can choose from four routes, including start-up or company investments, government bonds, or philanthr...
By ET Online | Updated:
Agencies
Italy offers residency to foreign nationals through its Golden Visa, officially called the Investor Visa for Italy. Launched in 2017, the programme allows foreign investors to obtain a residence permit in exchange for a qualifying investment, without any mandatory stay requirement. The scheme is positioned as one of the more affordable residency-by-investment options in the European Union, with processing timelines of about three to four months.
Under the programme, eligible applicants receive an initial two-year residence permit. This can be renewed three times, provided the investment is maintained. While the visa does not directly grant citizenship, long-term residence can eventually lead to permanent residency and Italian citizenship.
Investment options and eligibility
To apply, individuals must be non-EU, non-EEA and non-Swiss citizens, at least 18 years old, with a clean criminal record and legally sourced funds. Family members, including spouses, dependent children and parents over 65, can be included in the application.
Italy offers four investment routes. These include a €250,000 investment in an innovative Italian start-up, a €500,000 investment in an Italian limited company, a €2 million investment in government bonds, or a €1 million donation to an approved philanthropic initiative. Real estate purchases do not qualify for the Golden Visa.
Once approved, applicants must obtain a Nulla Osta, or certificate of no impediment, through the official investor visa platform. They then apply for the visa at an Italian embassy and, after arriving in Italy, apply for a residence permit. The qualifying investment must be completed within three months of arrival.
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The residence permit is valid for two years and can be renewed for three more years at a time, as long as the investment is retained. There is no minimum stay requirement to maintain the visa. However, to qualify for permanent residence, applicants must live in Italy for at least five years. Citizenship through naturalisation requires 10 years of legal residence in the country.
Italy allows dual citizenship, meaning applicants are not required to give up their original nationality if they become Italian citizens.
Tax regime and other benefits
Italy also offers tax incentives to new residents. Eligible individuals can opt for a flat annual tax of €200,000 on foreign income instead of standard income tax rates, provided they have not been tax residents in Italy for at least nine of the previous ten years.
Golden Visa holders gain the right to live and work in Italy, travel visa-free within the Schengen area, access public healthcare, and enrol in education across Italy and the EU. The programme is often compared with similar schemes in countries such as Portugal and Greece, though Italy remains distinct in not offering a property investment route.
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As of 2026, the Italy Golden Visa remains a residency-focused programme aimed at attracting foreign capital, rather than a fast-track path to citizenship.