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Italy
April 1, 2024
4 min

Italy Golden Visa Processing Time: a Guide through the Application Process

Brittany Collins

Italy has become an appealing destination for investors seeking residency and potentially citizenship through the Italian Golden Visa program. The Italy residence obtaining process usually takes 3 to 6 months to complete.

This guide provides valuable insights into eligibility criteria, the application process, and the benefits of obtaining an Italian Investor Visa.

You’ll discover detailed information about different investment options available under the Italy Golden Visa program and their minimum requirements. Additionally, we will discuss family members' residency benefits that come with investor visa status and explore business opportunities available in Italy.

Italy Golden Visa Processing Time: a Guide through the Application Process

Italy Golden Visa Processing Time: a Guide through the Application Process

Italy Golden Visa Program: A Quick and Efficient Route to Italian Residency

The Italy Golden Visa program, launched in 2017, offers a fast and efficient route for wealthy foreign investors to obtain Italian residency.

Investment options include innovative startups, government bonds or securities, limited companies, and social projects.

Eligibility criteria include having no criminal record, legal financial assets, and the ability to support oneself financially while residing in Italy without relying on public funds.

Minimum Investment Requirements

To join the program, investors can pick from four choices. Foreigners who invest can use residents' privileges, such as the right to live, work, study, and access medical care in Italy.

Investment amounts in specific categories:

  • €250,000 — non-EU citizens can gain residency through the Italy Golden Visa program with a minimum investment into a local startup;

  • €500,000 — investments in a limited Italian company. The investor can purchase listed or unlisted shares of an incorporated company operating in Italy with the minimum investment amount;

  • €1,000,000 — philanthropic donation. In this case, the investment is made in a public interest project related to education, culture, science, immigration, and cultural and natural heritage preservation;

  • €2,000,000 — investors can buy government bonds issued by the Italian government with a remaining maturity of over two years.

Investing in innovative startups benefits investors and supports Italy’s economy by encouraging foreign capital infusion into their burgeoning tech sector, potentially leading to obtaining Italian citizenship after five years, provided that certain conditions are met during this time frame.

Depending on the chosen investment option, the Golden Visa applicant provides specific documents to qualify for the residence permit.

Documents Confirming the Investment by Categories

Investment option

Investment in an Italian startup or limited company

Confirmation documents

  1. Bank statements confirming the investment.

  2. A bank statement validation letter signed by an authorised representative of the entity.

  3. A copy of a securities dossier.

  4. A letter confirming the investment and a copy of the act of transfer are filed by the receiving party.

  5. A Certificate of Shares Deposit at a financial institution or an Italian bank.

Investment option

Philanthropic donation

Confirmation documents

  1. A copy of the public donation deed.

  2. A letter from the receiving party confirming the receipt of the donation.

  3. Bank statements confirming the donation.

  4. A bank statement validation letter signed by an authorised representative of the entity.

Investment option

Government Bonds Investment

Confirmation documents

  1. A certificate of the securities deposit in a financial institution in Italy.

  2. A copy of the securities dossier.

Family Members' Residency Benefits

Eligible family members can be included in the visa application process, granting them residency alongside the primary applicant.

The investor’s family members who can become Italian residents are the following:

  • the spouse over 18 and officially married to the investor;

  • minor children, including those of a spouse;

  • children over 18, unmarried, having no children of their own and financially dependent on the investor;

  • parents financially dependent on the investor, with no age limit.

Financially independent adult children and other family members of the investor are not allowed to participate in the Italy Golden Visa program.

Living in Italy offers countless cultural experiences, from world-renowned cuisine to picturesque landscapes, enriching one’s lifestyle.

Italy Golden Visa: family members participation

The Italy Golden Visa program offers a straightforward and efficient application process, allowing eligible investors and their family members to obtain Italian residency in 3 months

Documents Required Under the Italy Golden Visa Program

The required documents for application include the following:

  1. Passport.

  2. No criminal records certificate.

  3. Documents confirming financial resources to be invested or donated.

  4. Documents confirming the lawfulness and transferability of the capital.

  5. Description of the chosen investment or donation option and the prior investment experience.

  6. Documents confirming the consent of the investment or donation-receiving party.

  7. Declaration of Commitment to using the funds that states the amount to be invested and the commitment to invest no later than 3 months after entering Italy.

  8. The Nulla Osta and all the original hard copies of documents submitted to obtain it.

  9. Confirmation of accommodation in Italy.

  10. Proof of income of at least €8,500 during the previous fiscal year.

  11. Proof of residence in the relevant consular district.

Application Process for Obtaining the Italy Golden Visa

1

7+ days

Submitting a request for a Nulla Osta — a certificate of no impediment

The application and all the documents are submitted electronically via the portal of the Investor Visa Committee.

2

30 days

Obtaining a Nulla Osta

The Investor Visa Committee reviews the application, and either approves or rejects it or requests additional documents.

The certificate is valid for six months from the issue date.

3

7+ days

Submitting an investor visa application

The application is submitted to an Italian Consulate or Embassy in the country of residence. The consular visa fee is €116 per applicant.

4

Up to 120 days

Obtaining an investor visa

The Consulate reviews the provided documents and decides on visa issuance.

5

7+ days

Travelling to Italy and submitting a residence permit application

Within 8 days after entering Italy, the investor has to personally visit the Questura, i.e. the Police office, and request an Investor Residence Permit.

The investor needs to submit the arrival date, the location of the Questura and the date of application in the Questura via the Investor Visa Committee portal.

Costs at this stage are about €100.

6

Up to 3 months

Investing

Within 3 months from the application date, the investor must fully transfer the funds and provide confirmation documents.

In case this condition is not met, the visa is cancelled.

7

30+ days

Getting a Residence Permit card

After all documents are provided, and the investment is made, the Migration Service of Italy reviews the application and issues a Residence Permit card.

The initial residence card is issued for two years, with the possibility of extending for another three years. The investor can apply for permanent residence after residing in Italy for five years. Five more years later, i.e. ten years in total, the investor gets the right to apply for citizenship.

Renewing Your Italy Golden Visa

Keep track of important dates and submit your renewal application at the nearest Italian embassy or consulate to avoid delays or complications.

To renew your Italian Investor Visa, you must:

  • keep your investment amount throughout your stay in Italy;

  • provide proof of continued ownership of financial resources;

  • show an ongoing commitment to residing in Italy;

  • avoid any criminal activities or legal disputes.

The application for a residence permit renewal must be provided at least 60 days before the permit expires.

Lifestyle Benefits in Italy

Italy’s Golden Visa program offers numerous benefits for investors seeking European residency through investment opportunities.

Visa-free access to Schengen Area. Italy Golden Visa holders can visit all the countries of the Schengen Area without visas and spend up to 90 days out of 180.

Prospects to obtain an Italian passport. If you want to obtain full Italian citizenship after holding an investor visa for 10 years, you must pass a language proficiency test and show evidence of integration into Italian society.

Prospects to obtain an Italian passport. If you want full Italian citizenship after holding an investor visa for 10 years, you must pass a language proficiency test and show evidence of integration into Italian society.

Cuisine. Italian food is renowned worldwide for its delicious flavours, fresh ingredients, and diverse regional specialities.

Historical sites. Italy is home to some of the most famous landmarks in history, such as the Colosseum in Rome or Florence’s Duomo Cathedral.

Natural wonders. With breathtaking sceneries like Lake Como nestled amidst towering Alps peaks or sun-kissed Amalfi Coast cliffside towns overlooking azure waters below — it’s no wonder that so many people dream about calling this beautiful country home.

Business opportunities across borders. Italy’s advantageous location grants Golden Visa holders expedient passage to key European markets such as Germany, France, and the United Kingdom. It is a superb spot for entrepreneurs wishing to expand their ventures globally.

Italy’s Golden Visa program is an excellent opportunity for investors seeking European residency through investment options.

Conclusion

The Italy Golden Visa Program offers a straightforward application process and various investment options with precise requirements. The Italy residence obtaining process usually takes 3 to 6 months to complete.

Families can benefit from this Italy Golden Visa program during the application process.

Frequently Asked Questions

  • How Long Does it Take to process an Italy Golden Visa Application?

    Processing an Italy Golden Visa application takes about 3 months, but it may vary depending on individual circumstances.

  • What are the Steps Involved in the Italy Golden Visa Processing Timeline?

    1. Choose an investment option.

    2. Gather necessary documentation.

    3. Submit application to Italian Investor Visa Committee.

    4. Await approval and obtain Nulla Osta.

    5. Apply for an entry visa at the nearest Italian embassy or consulate.

    6. Enter Italy and apply for a residence permit card.

  • Are there any Delays or Additional Requirements that could Extend the Processing Time for an Italy Golden Visa?

    Incomplete documentation, complex financial backgrounds, or increased scrutiny by authorities during security checks can cause delays.

  • Can I Expedite the Processing of an Italy Golden Visa Application?

    No official expedited service exists, but providing thorough documentation, engaging professional assistance, and promptly addressing any requests can help.

  • What Documents Must be Submitted as Part of the Italy Golden Visa Application Process and how Do they Affect Processing Times?

    1. Criminal background check results.

    2. Evidence of sufficient funds.

    3. Proof of investment.

    4. Valid passport and visa application form.

    Submitting complete and accurate documents can reduce processing times.

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