Italy: Italy to introduce investor visa, incentives for entrepreneurs
What is the change? The Italian government is proposing to create a new investor visa category and special tax incentives for foreign entrepreneurs
What does the change mean? Under the investor visa, foreign nationals who invest at least 1 million euros in Italy would be eligible for two-year residence permits (renewable for an additional three years) for themselves and their family members. Foreign entrepreneurs who invest in and move to Italy for at least nine years will be eligible for a flat lump-sum income tax of 25,000 euros per household member and 100,000 euros on income generated abroad.
- Implementation time frame: 2017.
- Visas/permits affected: Investor visas.
- Who is affected: Foreign investors and entrepreneurs.
- Business impact: The proposals aim to boost direct investment in Italy.
BAL Analysis: If approved, the new visa will provide an expedited path to residency and access to Europe for foreign investors and their families who are willing to invest in Italy.
This alert has been provided by the BAL Global Practice group and our network provider located in Italy. For additional information, please contact your BAL attorney.
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