11th June 2018
MGI member Pierpaolo Vannucci, Partner at accounting firm MGI Vannucci & Associati, based in Lucca, Italy, has published an article discussing the newly introduced “Investor Visa for Italy”.
In May's edition of Tuscany's Grapevine Magazine, Pierpaolo outlines some of the characteristics and procedures relating to this new category of visa, which enables those making long-term investments in Italy to benefit from a faster and more streamlined service compared to the regular process required for entering and staying in the country.
Among many benefits is the ability to stay in Italy for more than 3 months, and the Single Text on Immigration restrictions being waved.
The “Investor Visa for Italy” programme is also open to certain citizens of countries outside the European Union or Schengen region, subject to certain criteria being met, such as making an investment of at least 2 million euros in Italy, within 8 days of entering the country, requesting biennial government bonds, and keeping this all for at least 2 years.
The process for visa application and follow-up communication is all done through an online portal. Available in both English and Italian, the system is efficient and centralised, with authorisation for granting the visa being provided within a period of 30 days from the date of application.
View full article HERE
For further information please visit MGI Vannucci & Associati's member page HERE or contact Pierpaolo Vannucci: email@example.com
MGI Worldwide is a top 20 ranked global accounting network with some 5,000 independent auditors, accountants and tax experts in over 250 locations around the world.