Italy Golden Visa: What Is It? Check Requirements, Validity, Process And More | World News
Italy has a rich heritage and solid economic fundamentals, making it an increasingly attractive option for Indian investors and travelers alike. Italy offers a unique blend of culture, lifestyle and business opportunities. Italy offers an attractive proposition for Indian investors looking to diversify their portfolios. Check what the Italy Golden Visa is, check the requirements and process:
What is Italy’s Golden Visa?
Italy’s golden visa program is officially known as the ‘Italy Investor Visa’ and was reportedly launched in 2017.
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According to official information, the government aims to make the country an attractive destination for foreign investments by issuing visas to people who want to invest in Italy.
Italy investor visa is valid for two years, and visa holders must enter Italy and request an investor residence permit within this period. In addition, the visa holder must apply for a residence permit within eight business days after entering Italy.
Requirements for Italy Golden Visa
Citizens of countries that are not members of the European Union (EU) or within the Schengen area can apply for an investor visa to Italy, and the applicant must be over eighteen years of age.
Benefits of Italy Golden Visa
According to NDTV, the visa provides access to Italy’s health and education systems, which is an attractive point for Indians.
Also Read: US Chamber of Commerce Sues Trump Administration Over $100,000 in H-1B Visa Fees
Documents Required for Italy Golden Visa Application
The documents required for the Italy investor visa are:
1- Copy of passport
2- Brief ‘CV’ of the applicant’s main academic and professional experience
3- Documents submitted by applicants:
A. Ownership of the amount to be allocated for investment or donation
B. Transferability and legal origin of the financial resources used
C. No final criminal conviction and no pending charges.
(All information on the required documents can be found on the Italian government’s official website.)
The Process of Obtaining Italy’s Golden Visa
Italy Investor Visa Application
Step 1- Create an account on the portal.
Step 2- Complete the documentation process. Fill in contact information, passport copy, ‘resume’, select investment type,
Step 3- Provide all required documents
(Note: Applying for an investor visa is free.)
More Information About Italy Investor Visa
According to official information, the applicant is notified of the evaluation result via the visa platform within 30 days from the submission of the application.
