A two-year, renewable visa for foreign nationals intending to make a large investment or donation in Italy. The investor’s spouse, dependent children and parents are also eligible to request for a visa at no additional cost. The investor visa is valid for two years and can get renewed every three years subsequently. After an investor has maintained five years of regular residency in-country, they are eligible to apply for long-term EU residency. Investors must rent or purchase a residential property after the approval of their visa, which can take between 90 to 120 days from the application date. You have the ability to apply for citizenship after 10 years.
After the formation and unification of Italy in 1861, as long as at least one of your Italian-born ancestors was still alive and an Italian citizen. However, if your Italian lineage includes a woman who gave birth to the next in your line of descent before January 1, 1948, Things become more complicated. In such an instance, you cannot apply for citizenship via an Italian consulate, and it is possible to pursue Italian citizenship in such cases via the court system.
Please contact us to find out more about the possibilities of Italian citizenship by descent!
The travel ban had not been a mere inconvenience, it crushed jobs and dashed opportunities and put an immovable wall between them and families or partners. Now with the ban lifted investment in the United States from overseas appears primed to ramp up again. Similarly, US nationals can now travel to Italy to visit families and businesses. If you are interested in obtaining your Italian Citizenship, call us, we can assist you with the process!
If you’re planning to move to Italy for employment, you’ll need a work visa. The type of employment visa, your country of origin and your profession are all factors in deciding which route you need to take to working in Italy. If you’re a citizen of a country covered by the European Union freedom of movement rules, visa requirements do not apply but you will need an Italian residence permit for stays longer than 90 days. If you’re from another country though, you will need to apply for a work permit and a visa (visto) – a type of Long Stay visa valid for those staying in Italy longer than 90 days. As a non-EU citizen, there are three main documents you need to live and work in Italy: a work permit; a work visa; and a residence permit (permesso di soggiorno) within 8 days of arriving in Italy. It is also important to keep an eye on the so-called Decreto Flussi (Flow Decree), an annual quota for how many people can enter the country to work.
For more information please contact our office.
The SBA 504 loan program has reached its lending cap of $7.5 billion. The SBA will continue accepting, processing, and decisioning loan applications and communicating those decisions . However, the SBA will not be able to issue a loan number and authorization until funding authority is reset on October 1, 2021, unless Congress acts sooner to address this temporary pause. Fiscal year 2020-2021 has been a record-setting year for the SBA 504 loan program.
The United States Small Business Administration is expected to lift the cap on its Economic Injury Disaster Loans (EIDL) sometime after Labor Day. The cap was set at $500,000 in March 2021, after the SBA spent several months approving only loans of up to $150,000. Traditionally, the EIDL loan program–which has a 30-year maturity date–has a $2 million cap and loan interest terms that range from 2.75 % for nonprofits to 3.75 % for businesses. The amount for which you qualify now is based on your 2019 total revenue minus your cost of goods sold, less any EIDL already received. Additionally, it is expected that the SBA will widen the eligible expenses that may be paid for with an EIDL. Borrowers may be able to use the money to pay off any commercial debt, including credit cards and government-backed debt. Previously, using the proceeds to pay off commercial debt was off limits, and refinancing is not permitted.
The following was taken from a recent Politico article:
A record-breaking medal tally for Italy’s Olympic team in Tokyo has revived a debate on citizenship rights back home. Footage of Italy’s top athletes showed Italy’s racial and ethnic diversity.
Around 15 percent of Italy’s Olympic team were born abroad or have parents born abroad. On the team, which includes categories like track and field, that figure rises to almost 40 percent.
The United States and Italy are close Partners and Allies
Italy and the United States share a commitment to the same values – democracy, human rights, the rule of law, security, and prosperity. The United States represents Italy’s largest non-EU export market. The two-way trade in goods and services amounted to $80 billion last year. The relationship, which ranges from trade in consumer goods and agricultural products to cooperation in the defense industries, has spurred collaboration in fields outside the economic realm, including security and space technology. As of 2019, Italy’s direct investment in the United States totaled $32.8 billion, while U.S. direct investment in Italy was $34.9 billion. As of 2018, U.S. jobs tied to Italian direct investment in the United States totaled 93,700, while 250,000 Italian jobs were tied to U.S. direct investment in Italy. Italy is the second most popular destination for American study abroad students in the world, with more than 35,000 U.S. students studying there each year. Italian students are also increasingly attracted to education exchange programs in the United States. In the 2019/2020 academic year, more than 6,000 Italians chose to study at a U.S. college or university. Since the establishment of the U.S.-Italy Fulbright Commission in 1948, approximately 14,000 Italian and American students, teachers, lecturers, and researchers have participated in the Fulbright international exchange program, enhancing scholarship through educational exchange. The U.S.-Italy Fulbright Program has produced alumni who have had enduring impacts on their fields, including Italian Prime Ministers Giuliano Amato and Lamberto Dini, eight Nobel laureates, twelve Pulitzer Prize winners, and five MacArthur Foundation Fellows.
By U.S. Mission Italy | 27 June, 2021
If you are genuinely interested in getting Italian citizenship, it makes sense to collaborate with an Italian citizenship lawyer. Hiring an Italian lawyer may take some investment, but the benefits are worthwhile. Whether it is about assessing your eligibility, gathering the required paperwork, or appearance in Court, hiring an Italian citizenship lawyer to handle your application from start to end will ensure that the proper steps are taken. Do not hesitate to contact us if you have any questions or concerns, we would be happy to assist.
If you are a foreign citizen and wish to immigrate to Italy for investment purposes, you must look to obtain citizenship by investment, i.e., Golden Visa for Italy. This is a program launched by the Italian government to attract foreign investment. In this, foreign citizens can opt for permanent residence. Although it targets non-EU citizens, the idea is to attract investors with higher net worth who can possibly contribute to the Italian economy and community.
There are various ways to enter the country through investment. You can either opt for the Investor Visa Program (Also known as the golden visa for Italy) and the StartUp Program (This is further divided into Italia Startup Visa and StartUp Hub).
As per Decree-Law no. 34, the minimum amount was reduced by 50% for foreign investors. The change took place keeping in mind the urgent health measures, economic changes amidst the COVID-19 pandemic. So, here’s what you must have if you want to apply for the program.