January, 2nd, 2017. As reported by Il Sole 24 Ore “The new Italian Budget Law provides a series of incentives related to the entry and residence visas for those intending to invest in Italy, as well as an improvement of the tax regime for employees transferring their residence in Italy, increasing the country’s fiscal appeal and extending the benefits to professionals and also stabilizing the benefits for professors and researchers who decide to move back their fiscal residency to Italy.

The current regulatory framework on immigration inflow has been modified, and Article 26 bis of the consolidated law on immigration includes a special premium regime for incoming immigrants who are going to stay longer than three months lasting two years (renewable, under certain circumstances, for further three years).

To benefit from such a regime – that leads to obtaining an “investor visa” – the non-residents will have to demonstrate the commitment to invest in Italy either (i) €2 million in government bonds, to be kept for at least 2 years; (ii) €1 million in participation in share capital of a company residing and operating in Italy or €500.000 if the company is an innovative start up registered in a special section of the business register; (iii) €1 million in philanthropic donations within the fields of culture, education, immigration management, scientific research or cultural heritage restoration.” [Continue reading]