Italy is an excellent destination for tech entrepreneurs looking to establish an overseas venture. Besides tapping the local market, you can explore the EU markets to build a global startup. Additionally, the regulatory and tax rules are friendly for international businesses. You can enjoy an easy lifestyle here as the country has the best of everything, from climate to locales, food, culture, and facilities. Most importantly, immigration is a breeze because you can rely on the investor visa to land in Italy without hassles. You can visit www.mbersanilaw.com to understand the process, paperwork, and formalities. Here is a short guide that explains the ins and outs of the Italian investor visa.
As an entrepreneur, you may face money constraints, so it is better to sort the financials in the first place. Since an investor visa is like buying residency, you must have enough funds to afford it. Luckily, you have multiple options with the Italian investor visa. In fact, you can get in with thousands instead of millions. The minimum requirement is €250,000, and you have to invest the amount in an innovative startup in the country. You have other options if you can spend more, such as €500,000 in an Italian company, €1 million as a donation to a welfare initiative, and €2 million worth of government bonds. Consider these options, and choose the one you can manage comfortably before going ahead.
Paperwork is the mainstay of the Italian investor visa process because it can make or break your chances. You do not have to bring the money at this stage, but you require bank statements to validate the funds. Ensure you have the bank statements and ID proof documents to proceed with the nulla osta (no-impediment certificate) step. Once you submit the documents and the online application, you can expect the certificate within 30 days. After obtaining the nulla osta, you can apply for the investor visa at your local Italian consulate. The process is a breeze if you have your paperwork at hand.
Getting your investor visa is only half the work. You can start your tech venture only after closing the formalities for the residence status after landing in Italy. You have to apply for a residence status at the local Questura (Police Headquarters). Following this, you need to bring the committed investment within three months. Not doing so entails the risk of losing your residence status. Once you sort out the formalities, you can establish your startup in Italy. You can even extend your outreach to international markets by traveling visa-free across the EU. The best part is that you have the opportunity to stay back for good with a second passport. Completing a decade in the country automatically qualifies you for citizenship by naturalization.
The best advice for tech entrepreneurs is to collaborate with an investor visa specialist to simplify the process. Look for someone who can help you with the citizenship formalities in the long run. Having an expert showing the way cuts the hassle and enables you to focus on your business plan instead of worrying about the immigration process.
Olivia Smith is an experienced legal writer. She heads the content writing department at Submitcore. She updates her legal knowledge on laws and regulations from around the world. Oliva uses easy-to-understand language in her write-ups to make people understand the mandatory rules in different countries.