28 février, 2020

Which investments qualify as investments into a “company incorporated and operating in Italy” under the Golden VISA legislation?

Under Italian immigration law, one of the options to qualify for Golden VISA is to « invest at least € 1 million in equity instruments of a company incorporated and operating in Italy, to be held for at least 2 years« ;

Pursuant to Interministerial Decree of 21 July 2017, investments qualifying for Golden VISA are equity investments into:

• « companies incorporated and operating in Italy” as « corporations, incorporated and resident in Italy pursuant to Article 73 of the Income Tax Code  » including both listed and non listed companies;
• asset management companies including, SICAV, SICAF, SGR and SIM;
• investment funds.