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Home Tips and Tricks

Italy Golden Visa: A Taste of Italy Through Investment

by Hazel Grace
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The Italy Golden Visa is a residence permit that provides non-European Union citizens with the opportunity to live and work in Italy. It’s a fast and straightforward process, with a high rate of approval, making it a popular option for investors. In this article, we’ll explore the investment options available under the Italy Golden Visa program and why it might be the perfect opportunity for you.

Overview of Italy Golden Visa Program

What does the residence by investment program in Italy provide you in summary:

  • Residence permit for non-European Union citizens
  • The fast and straightforward process with a high rate of approval
  • Allows for living and working in Italy
  • Popular among investors

Investment Options for the Italy Golden Visa

Here are the different investment options for obtaining a Golden Visa in Italy:

  • Real Estate Investment: This option involves purchasing a property in Italy with a minimum value of €250,000. This investment must be held for a minimum of two years.
  • Government Bond Investment: Under this option, investors can purchase government bonds with a minimum value of €2 million. The bonds must be held for a minimum period of two years.
  • Startup Investment: This option involves investing in an Italian startup with a minimum value of €500,000.
  • Capital Investment: This option allows for capital investment in an Italian company with a minimum value of €1 million.

Benefits of the Italy Golden Visa Program

So, why do you need it?

  • Access to the European Union: Italy is part of the EU, so a residency permit provides access to the entire EU market.
  • No language requirement: There is no language requirement to apply for the Italy Golden Visa, making it a more accessible option for non-European Union citizens.
  • Tax benefits: Italy has a favorable tax regime, particularly for foreign investors. The country has a flat tax rate of 20% on foreign income, making it an attractive option for investors looking to minimize their tax liabilities.
  • Quality of life: Italy is known for its rich cultural heritage, stunning architecture, and delicious cuisine.

Italy Offers Tax Incentives for New Residents

As a tax resident in Italy, you are obligated to pay taxes on your global income. The tax rate applied to foreign financial assets is 0.2 percent, while the tax rate for foreign real estate is 0.76 percent.

To entice high-net-worth individuals, Italy provides an alternative tax structure. This optional regime allows new residents to pay a yearly lump sum of €100,000 instead of regular taxes on their non-Italian income.

To qualify for this tax structure, you must first establish your tax residency in Italy and meet the requirement of not having been a resident in Italy for 9 out of the past 10 years.

The €100,000 substitute tax must be paid in full by June 30th of each year. You have the option to include your family members by paying an additional €25,000 for each dependent.

Once approved, this regime is valid for 15 years and you have the freedom to withdraw at any time. Failure to pay the annual lump sum in full or in part will result in immediate termination of the status.

Conclusion:

In conclusion, the Italy Golden Visa program provides a unique opportunity for non-European Union citizens to live and work in Italy. With its fast and straightforward process, high rate of approval, and range of investment options, it’s no wonder that it’s a popular choice among investors. Whether you’re looking to invest in real estate, government bonds, startups, or capital investments, the Italy Golden Visa program has something for everyone. With its access to the EU, tax benefits, and quality of life, there’s never been a better time to consider the Italy Golden Visa program.

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