Italy Golden Visa

Nadia Dardón

Immigration Content Writer

Last update 26 June, 2025

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Overall 3.8

Internet Infrastructure 5.0

Country Stability 4.0

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Ease of Obtaining Visa 3.0

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Quick Visa Facts

Visa length 2 years

Possible to extend? Yes, the residence permit can be renewed for 3 years after the initial period, and further renewals are possible indefinitely as long as investment and residency requirements are maintained.

Who can apply? Non-EU nationals making qualifying investments in Italy, including government bonds, companies, startups, or public-interest donations.

Minimum Income Requirements No official minimum income specified, but applicants generally demonstrate €50,000–€100,000 in liquid assets plus €20,000–€30,000 per dependent as proof of financial self-sufficiency.

Time for visa applications Approximately 30 days for Nulla Osta approval plus consulate visa processing time.

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Dreaming of living in Italy while making a smart investment? The Italy Golden Visa might be your gateway.

Launched in 2017, Italy’s Golden Visa( officially called the Investor Visa for Italy) offers non-EU nationals the opportunity to gain residency by making a qualifying investment in the Italian economy. Whether you’re looking to relocate for lifestyle, business opportunities, or long-term residency, this visa offers a compelling path to living la dolce vita.

In this guide, we’ll walk you through everything you need to know about the Italian Golden Visa: how it works, who qualifies, the investment options available, and how to apply.

Italy Golden Visa Overview

The Italian Golden Visa, officially known as the Investor Visa for Italy, is a residency-by-investment program launched in 2017 under Article 26-bis of Italy’s immigration code. Designed to attract foreign capital and talent, it allows non-EU nationals to obtain a long-term visa by making a qualifying investment in Italy’s economy.

This visa is part of Italy’s broader effort to boost innovation, entrepreneurship, and economic growth by offering global investors a straightforward path to Italian residency.

Who Is It For?

The Italian Golden Visa is aimed at non-EU citizens who are willing and able to make a significant investment in Italy. It’s ideal for:

High-net-worth individuals seeking European residency.
Entrepreneurs looking to support innovative startups in Italy.
Philanthropists interested in contributing to cultural or scientific initiatives.
Investors wanting to diversify into EU markets.

Applicants must be at least 18 years old, have clean criminal records, and demonstrate that the investment funds are legally obtained and available.

What Does It Allow You to Do?

With the Italy Golden Visa, successful applicants can:

Live in Italy for two years, with the option to renew for three more years.
Bring immediate family members, including spouses and dependent children.
Travel freely within the Schengen Area (up to 90 days within any 180-day period)
Apply for permanent residency after five years of continuous stay.
Become eligible for Italian citizenship after 10 years, under standard naturalization rules.

Unlike some other residency permits, this visa does not require you to live full-time in Italy, making it flexible for global investors.

Italy Golden Visa Requirements

To apply for the Italy Golden Visa, you’ll need to prepare both standard visa documents and specific supporting materials related to your investment. Below is a list of the basic paperwork required, followed by key additional requirements that are essential for your application to be approved.

Completed Italy Investor Visa application form (available through the official visa portal)
A valid passport (must be valid for at least three months beyond your intended stay)
Passport-sized photos that meet biometric requirements.
A cover letter outlining your investment plan and the purpose of your stay.
Proof of accommodation in Italy (hotel booking, rental agreement, or property ownership)
Documentation showing travel itinerary or intention to travel.
Proof of investment commitment, depending on the selected investment route (details below)
Receipt of payment for application and consular fees.
Criminal record certificate issued by your country of residence (issued within the last 6 months)

Proof of Financial Self-Sufficiency

Applicants must prove they have enough financial means to support themselves (and any accompanying family members) during their stay in Italy, without relying on the Italian welfare system. This can include:

Recent bank statements.
Proof of income or savings.
Financial affidavits or guarantees, if applicable.

While there is no legally defined minimum, most applicants aim to show at least €50,000–€100,000 in liquid assets for a single person, plus an additional €20,000–€30,000 per dependent to demonstrate adequate financial stability.

Private Health Insurance

All applicants must hold valid private health insurance that covers medical treatment and hospitalization within Italy for the full duration of their stay. The policy must:

Be valid throughout the Schengen Area.
Offer comprehensive coverage for emergencies and routine care.
Cover any dependents included in your application.

Travel insurance is not accepted; it must be long-term residency health insurance. You can find our recommendations for the best health insurance plans for digital nomads here.

Proof of Investment Commitment

While you are not required to transfer the funds upfront, you must present formal documentation proving your commitment to make a qualifying investment once the visa is granted. This includes:

A signed declaration of commitment.
Detailed investment plan or proposal.
Supporting documentation from financial institutions or investment platforms.
Proof that the funds are available and legally obtained.

You will have three months after entering Italy to complete the investment and convert your visa into a residence permit (permesso di soggiorno).

How to Apply for the Italy Golden Visa – Step-by-Step Instructions

Applying for the Italy Golden Visa involves a two-stage process: first, you obtain a Nulla Osta (certificate of no impediment) from the Italian Investor Visa Committee, and then you apply for the visa at your local consulate.

Here’s a step-by-step guide to walk you through the process from start to finish:

Step 1: Choose Your Investment Type

Decide which qualifying investment route you’ll pursue:

Government bonds (€2 million)
An Italian limited company (€1 million)
An innovative startup (€250,000)
A philanthropic donation (€1 million)

Make sure you have full documentation and proof of funds ready before you begin the application.

Step 2: Submit Your Online Application for Nulla Osta

Go to the official Investor Visa for Italy portal and register. Submit your application and upload the required documents, including:

Passport
Proof of investment commitment.
Declaration of financial means.
Cover letter and investment plan.
Criminal background certificate.
Health insurance proof.
Any supporting documentation related to the investment.

All documents must be translated into Italian and uploaded in digital format.

Step 3: Wait for Committee Review

Your application will be reviewed by the Investor Visa for Italy Committee, typically within 30 days. If approved, you will receive a Nulla Osta (certificate of no impediment) valid for 6 months.

Step 4: Apply for the Visa at the Italian Consulate

With the Nulla Osta in hand, book an appointment at your local Italian consulate or embassy to submit your long-stay visa application (Type D). Bring the original documents and printed copies of:

Your Nulla Osta.
Passport
Visa application form.
Proof of accommodation in Italy.
Health insurance.
Financial documentation.
Passport photos.
Application fee payment.

Processing times may vary depending on the consulate.

Step 5: Enter Italy and Finalize the Investment

Once your visa is approved, travel to Italy within the validity period (usually 6 months). After arrival, you must:

Complete the investment within 3 months of entry.
Notify the Ministry of Enterprises and Made in Italy (MIMIT) of the completed investment.
Submit proof of investment fulfillment.

Failure to finalize the investment promptly can result in the revocation of your visa.

Step 6: Apply for a Residence Permit (Permesso di Soggiorno)

Within 8 days of arriving in Italy, apply for your residence permit at your local immigration office (questura). You must bring:

Your visa
Passport
Proof of address in Italy
Receipt of completed investment
Four passport photos
Completed permesso di soggiorno application kit

You’ll receive a two-year residence permit, renewable for an additional three years.

How Much Does the Italy Golden Visa Cost?

The total cost of the Italian Golden Visa depends mainly on the investment option you choose, along with several government and administrative fees. Here’s a breakdown:

Investment options:

€2 million in Italian government bonds
€1 million in shares of an Italian company
€500,000 in an innovative startup (reduced to €250,000 if investing in a certified startup)
€1 million donation to a public-interest project in culture, education, science, or immigration management

You don’t need to transfer the funds until after your visa is approved and you enter Italy, but you must prove the funds are legally obtained and available during your application.

Standard fees:

Long-stay visa application fee (Type D): approximately €116
Residence permit (permesso di soggiorno): approximately €76 to €100
Post office processing fee: €30
Revenue stamp: €16

Taxes for People With the Italy Golden Visa

Holding an Italy Golden Visa grants you residency, but it’s important to understand your tax obligations once you become a resident. Italy taxes residents on their worldwide income, so if you plan to live in Italy for more than 183 days per year, which is the typical threshold for tax residency, you will be subject to Italian income tax on income earned both inside and outside Italy.

However, the Golden Visa itself does not automatically make you a tax resident; tax residency depends on your actual presence and ties to Italy. Many Golden Visa holders use this flexibility to spend time in Italy without triggering full tax residency, but it’s crucial to track your days spent in the country carefully.

Italy has double taxation treaties with many countries to help avoid being taxed twice on the same income. If you maintain tax residency in another country, these treaties can offer relief. Additionally, Italy offers a special tax regime for new residents (the "residenza non-dom" regime), which allows certain high-net-worth individuals moving to Italy to pay a flat annual tax on foreign income instead of regular progressive income tax, but this requires specific conditions and application.

It’s highly recommended to consult with a qualified tax advisor who understands Italian tax law to plan your residency and tax status effectively, ensuring compliance and optimizing your tax situation.

Living in Italy with the Golden Visa

Living in Italy with the Golden Visa opens the door to experiencing one of Europe’s richest cultures, stunning landscapes, and world-class cuisine—all while enjoying the benefits of a long-term residence permit. The Golden Visa allows you to stay in Italy for extended periods, travel freely within the Schengen Area, and explore Italy’s charming cities, picturesque countryside, and vibrant communities. Whether you prefer the hustle and bustle of Milan, the historic beauty of Rome, or the coastal allure of the Amalfi Coast, the visa provides the flexibility to immerse yourself fully in Italian life.

Beyond the lifestyle perks, Golden Visa holders can access Italy’s excellent healthcare system, enroll in local educational institutions, and benefit from a safe, stable environment for themselves and their families. While the visa doesn’t immediately grant citizenship, it is a strong first step toward permanent residency and eventual naturalization, offering a pathway to deeper integration into Italian society. Living in Italy also means enjoying world-renowned art, fashion, and a slower, more relaxed pace of life centered around community and family, making the Golden Visa not just an investment in property or business, but in an enriching, fulfilling lifestyle.

Best Cities to Live in Italy

Italy offers a diverse range of cities that perfectly blend history, culture, and modern living, making them ideal choices for Golden Visa holders looking to settle down. Here are three of the best cities to consider:

Rome

Italy’s capital, Rome, is a vibrant metropolis that effortlessly combines ancient history with contemporary life. From iconic landmarks like the Colosseum and Vatican City to bustling piazzas and world-class dining, Rome offers endless opportunities for exploration and cultural enrichment. The city’s extensive public transport system, numerous international schools, and thriving business environment make it an attractive option for both families and professionals.

Milan

Known as Italy’s fashion and financial hub, Milan is a dynamic city that blends elegance with innovation. It boasts a modern infrastructure, excellent shopping districts, and a lively arts scene. Milan is also home to many multinational companies and startups, making it a hotspot for entrepreneurs and investors. With its cosmopolitan atmosphere and central location, Milan is perfect for those seeking both career opportunities and a sophisticated urban lifestyle.

Florence

Famous worldwide for its Renaissance art and architecture, Florence offers a more relaxed pace of life while still providing all the comforts of a modern city. Its charming historic center, beautiful museums, and scenic surroundings make it ideal for culture lovers and families alike. Florence’s strong sense of community, excellent cuisine, and quality healthcare services add to its appeal as a welcoming city for Golden Visa residents.

Cost of Living

The official currency of Italy is the Euro. €1 EUR = $1.137 USD.

The average net monthly salary in Italy is around €2,066, which equates to approximately $2,349 USD.

Here’s a rundown of what you should expect to pay in different cities:

Rome

Rent (1 bedroom in city center) - €1,153.77 per month
Rent (3 bedrooms outside city center) - €2,272.73 per month
Basic Utilities - €193.51 per month
Wi-Fi - €26.82 per month
Public Transport - €1.50 one-way
Groceries (2 people) - €400–€600 per month

Milan

Rent (1 bedroom in city center) - €1,395.71 per month
Rent (3 bedrooms outside city center) - €2,882.86 per month
Basic Utilities - €188.21 per month
Wi-Fi - €27.11 per month
Public Transport - €2.20 one-way
Groceries (2 people) - €500–€600 per month

Florence

Rent (1 bedroom in city center) - €1,006.82 per month
Rent (3 bedrooms outside city center) - €1,985.29 per month
Basic Utilities - €193.84 per month
Wi-Fi - €29.86 per month
Public Transport - €1.70 one-way
Groceries (2 people) - €400–€600 per month

FAQs

How long does it take to get the Italy Golden Visa?

The approval process for the Italy Golden Visa typically takes about 30 days after submitting your online application for the Nulla Osta. Afterward, visa processing at the consulate can take several weeks, depending on local procedures.

Can I bring my family with the Italy Golden Visa?

Yes, the Italy Golden Visa allows you to include your spouse, dependent children, and dependent parents in your application, giving them residency rights as well.

Do I need to live in Italy full-time to keep the Golden Visa?

No, there is no strict minimum stay requirement. However, to maintain residency rights and eventually apply for citizenship, spending significant time in Italy is beneficial.

Is the investment amount refundable?

Generally, yes. The funds you invest, whether in government bonds, companies, or startups, are typically refundable if you decide to sell or liquidate your investments after meeting the visa requirements.

Can I apply for Italian citizenship with a Golden Visa?

The Golden Visa itself does not grant citizenship, but it provides a pathway. After legally residing in Italy for at least 10 years, you may be eligible to apply for Italian citizenship, subject to certain conditions.

Can I get help applying for the Italy golden visa?

If you need help applying for a visa, you can talk to Citizen Remote. Get specific advice from one of our experts, or outsource the entire application to our team.

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