Italy softens Investor Visa requirements

Date: 21 May 2020

The so called “Decreto rilancio” (law decree 19 may 2020, no. 34) has been published in the Official gazette with immediate effect, confirming the reduction of the investment required to qualify for the Investor visa in case of investment in Italian companies and innovative startups.

The amounts are now respectively 500,000 EUR (instead of 1 million) and 250,000 EUR (instead of 500,000 EUR). The same decree contains measures for regularising illegal workers in the field of agriculture (and related activities) and domestic workers and caregivers.

The decree will need to be converted into law by the Italian Parliament within 60 days following its publication and during the conversion process it can be subject to further amendments.

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