Investments in companies incorporated and operating in Italy, including innovative startups, are the ones targeted to limited companies recognized by the Italian law such as s.r.l. (società a responsabilità limitata), s.p.a. (società per azioni) and their variants – which are all eligible and which can be either listed or unlisted. According to the F.A.Q. & other information of the Ministry of Enterprises and Made in Italy, direct investments in other types of firms which are comparable to limited companies are eligible and include, inter alia, the following investment companies: SICAVs, SICAFs, SGRs (Società di Gestione del Risparmio), SIMs (Società di Intermediazione Mobiliare). Investments in mutual investment funds (e.g. FIAs – alternative investment funds), or in CIUs (OICRs, Organismi di investimento collettivo del risparmio) do not qualify for Italian Investor visa.
