Italy Investor Visa
Approval before you wire a euro: Italy is the rare European residency where the state says yes first.
Overview
Italy's investor visa is structurally different from the Iberian and Balkan programs it is usually compared against, and the difference sits in the sequence. You apply for and receive the nulla osta, the formal clearance from the Investor Visa Committee, before any money leaves your account. Only after that approval, and after you have entered Italy on the visa, do you actually fund the chosen investment, normally within three months of entry. For a high-net-worth applicant who has watched other countries take fees and lock up capital before delivering a decision, that ordering is the whole point. The downside risk on the migration decision is decoupled from the capital decision.
Tax
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Questions
Is the Italy Investor Visa still open in 2026? +
Yes. The Investor Visa (often called Italy's golden visa) is open in 2026 with four qualifying routes.
What are the investment options? +
There are four routes: 250,000 euros into an innovative Italian startup, 500,000 euros into shares or bonds of an established Italian company, a 1,000,000 euro philanthropic donation to a project of public interest, or 2,000,000 euros in Italian government bonds.
When do I actually transfer the investment? +
After the nulla osta (clearance) is granted and you enter Italy on the visa. The funds are generally committed within three months of entry, so you do not transfer the investment before approval.
How long does the process take? +
Roughly one to three months to obtain the visa, with the investment completed after you enter Italy.
Do I have to live in Italy? +
No. There is no minimum-stay requirement to hold and renew the residence permit. Naturalisation later is a separate matter that does require genuine, continuous residence.
When can I apply for Italian citizenship? +
After ten years of continuous legal residence. A June 2025 referendum proposing to cut this to five years failed on turnout, so the ten-year standard stands.
How does the flat-tax regime work? +
It is optional. New tax residents can elect a flat tax on all foreign-source income. The charge was 200,000 euros per year and rose to 300,000 euros per year for those transferring tax residence from 1 January 2026, while earlier opters are grandfathered at 100,000 euros (2024) or 200,000 euros (2025), plus a charge per additional family member. It can apply for up to fifteen years. Confirm your position with tax counsel.
Is there a global net-worth requirement? +
No. Italy does not impose a fixed global net-worth test tied to the route. You must prove that you own and can freely transfer the specific investment sum, with a lawful source of funds.
Can my family be included? +
Yes. A spouse, minor children, dependent adult children, and dependent parents can be included.
Is the investment refundable? +
The startup, company-share and government-bond routes are recoverable assets you hold for the duration of the permit. The 1,000,000 euro philanthropic donation is not refundable.
Does the Investor Visa give Schengen access? +
Yes. The residence permit provides Schengen mobility, and Italian citizenship, if you pursue it, carries one of the strongest passports in the world.
Is the Italy Investor Visa worth it? +
For investors who want a top-tier EU passport over the long term and may use the flat-tax regime, it is compelling. For anyone whose priority is fast citizenship, the ten-year clock makes it a slow route compared with Caribbean options.
Sources
What this report is built on
The primary and official sources behind these figures, verified to current 2026 reality. We publish them so you can check the numbers yourself.
- 1 Investor Visa for Italy · Official Portal, Ministry of Enterprises and Made in Italy (MIMIT): How It Works
- 2 Why Invest in Italy · Investor Visa for Italy Official Portal (MIMIT)
- 3 Tax Regime for New Residents (Flat Tax, Art. 24-bis TUIR) · Agenzia delle Entrate (Italian Revenue Agency)
- 4 Italy Golden Visa Applications Double in Two Years · IMI Daily (Investment Migration Insider)
- 5 Every Golden Visa Still Open in Europe in 2026 · IMI Daily (Investment Migration Insider)
- 6 Investors · Consolato Generale d'Italia Londra (Italian Consulate General, official esteri.it)
Compare with
Other residency routes
Portugal
Golden Visa (ARI)
- From
- From €250,000 (cultural donation; €200,000 in low-density areas)
- Timeline
- 12 to 36 months to residence card
- Citizenship
- 10 years
- Tax
- No worldwide tax on non-residents; IFICI 20% flat rate possible if eligible
Greece
Golden Visa
- From
- €250,000 (conversions / restorations) to €800,000
- Timeline
- 2 to 6 months to approval; longer with property search
- Citizenship
- 7 years
- Tax
- €100k/year flat tax on foreign income (non-dom), optional
Hungary
Guest Investor Programme
- From
- From €250,000 (real estate fund)
- Timeline
- 1 to 3 months to residence card
- Citizenship
- 8 years
- Tax
- 15% flat personal income tax; 9% corporate (EU's lowest)
Head to head
Compare Italy
In-depth, independent comparisons, scored on the same verified dataset.