Setting up a business overseas takes a lot of courage and commitment. But these challenges do not keep ambitious entrepreneurs from stepping out of their comfort zone. Italy is an excellent destination for global entrepreneurs as it offers lucrative business opportunities. The tax and regulatory landscape are liberal, and immigration is a breeze. The investor visa lets you enter Italy and establish a startup as a resident. If you want to understand it better before embarking on the journey, the entire process is well-explained on mbersanilaw.com website. Here are some insights to help you build the base for your Italian business with an investor visa.
Decide the funding alternative that works for you
You need not worry much about the eligibility guidelines with an investor visa. Everything boils down to your ability to invest in the country. It is typically a massive amount because the investor visa is meant for high-net-worth individuals only. But things are a tad easier if your destination country is Italy. You can start small by investing in a startup (€250,000) or go bigger by funding a running company (€500,000), donating to a public welfare project (€1 million), or buying government bonds (€2 million). You must decide the alternative that works for you before going ahead.
Related: Hit The Ground Running When Your Business Begins
Sort out the paperwork
The next step is to sort out your paperwork because you need documentation rather than funds to get started with the process. The good thing is that the money comes only after completing the process and closing the residency formalities. Until then, you only have to provide bank proof of funds for obtaining the nulla osta (certificate of no impediment). You can plan for your startup simultaneously without actually worrying about parting with your money.
Complete the process
You get a step closer to your Italian business dreams after completing the nulla osta process. It means you can go ahead with the final step by applying for the investor visa at your local consulate. The step is pretty straightforward, so you need not stress a lot about it. The entire process takes only a few months to complete, so you can expect to start with your venture at the earliest.
Start and extend your business
After landing in Italy with an investor visa, you can apply for a residence permit right away. You will have to bring in the committed funds within three months of obtaining it. A residence permit lets you live and work in the country, and you can start a business right away. It also opens the opportunity for visa-free travel across the EU, making it easy to extend your company. The best part is that you can bring along your family without additional investment.
The biggest advantage of the Italian investor visa is that you get long-term prospects of staying back in the country as a citizen. A stay of ten years and continuous investment during the period makes you eligible for citizenship by naturalization. Consult an expert to stay back for good and build a business empire as a citizen.