Italy’s Budget law 2017 has introduced:
Golden VISA: A non EU individual can benefit from a two years VISA renewable for a further three years if:
An investment is made of
– no less than € 2.000.000,00 in government bonds to be kept for at least two years, or
– no less than € 1.000.000,00 in an Italian private company, or
– no less than € 500.000,00 in a innovative start up registered as such, the investment to be kept for at least two years, or
A donation is made
– of no less than €1.000.000 to finance a project of public interest in the area of culture, education, immigration management, scientific research.
TAX incentive: An individual who takes up tax residence in Italy can apply for one off substitute taxation of € 100.000,00 p.a. covering all foreign income. The incentive can be extended to family members who can benefit of substitute taxation of € 25.000,00 p.a. on all foreign income.
The rules governing proceedings that will be out before the end of march will also provide for a fast lane procedure for visas and residency permit.
Do you want to know more? Send a mail to amarsaglia@marsaglialex.it.
Studio Legale Marsaglia offers full assistance for all necessary procedures to benefit from the incentives.
29th December 2016