Italy does not have a direct Citizenship by Investment (CBI) program, but it offers a “Golden Visa” Residency by Investment scheme that provides a pathway to citizenship. Non-EU investors can obtain a 2-year residency permit by investing €250,000–€2 million, which can lead to permanent residency after 5 years and citizenship via naturalization after 10 years.
Investment Options for Italian Residency
To qualify for the Investor Visa, applicants must choose one of the following:
€250,000 in an innovative startup.
€500,000 in equity instruments of an Italian limited company.
€1,000,000 in a philanthropic donation/project.
€2,000,000 in Italian government bonds.
Path to Citizenship (10-Year Timeline)
Visa & Permit (Year 0): Obtain the 2-year Investor Visa.
Renewal (Year 2): Renew the permit for another 3 years.
Permanent Residence (Year 5): Apply for permanent residency after 5 years of living in Italy.
Citizenship (Year 10): Apply for citizenship through naturalization, requiring B1 language proficiency, integration into Italian society, and no criminal record.
Key Requirements & Considerations
No Direct Citizenship: Investment only provides legal residency.
Restrictions: The program is currently suspended for Russian and Belarusian citizens.
Documentation: Proof of funds and a legal, clean source of wealth are required.
Tax Implications: Residents must pay taxes on worldwide income.
Dual Citizenship: Italy allows dual citizenship, meaning you do not have to renounce your current nationality.
Note: The process involves a two-step approach: securing a “no impediment” certificate for the visa, followed by applying for the residency permit within 3 months of entering Italy.