How can British investors get long term residency in Italy post Brexit?

Answers

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  Marco Mazzeschi

  Mazzeschi Srl

  January 14, 2021

  To qualify as an immigrant investor, a foreign national must invest at least 2 million euros in Italian government bonds that must be kept for a period of at least two years; or at least 500,000 euros in equity instruments of a company based and operating in Italy; or 250,000 euros in case of a start-up company; or at least 1 million euros in philanthropic funding that supports projects of public interest in the field of culture, education, immigration, scientific research, recovery of cultural assets and landscapes. An elective residence visa (Residenza Elettiva) can also be obtained by individuals who intend to live in Italy without having to work.

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  Alessia Ajelli

  LCA Studio Legale

  January 14, 2021

  After Brexit, UK citizens who did not register as residents of Italy before Dec. 31, 2020, will now be treated as any other non-EU national. They should apply for a residence permit to be able to reside in Italy for long periods. The Investor Visa can be an option for those interested in making investments in Italy; this can be done through investment in Italian government bonds (minimum 2 million euros); 500,000 euros in equity instruments of a company operating in Italy, or 250,000 euros in a start-up company; or 1 million euros in philanthropic projects. Another option could be the elective residence visa if the applicant is willing to settle in Italy; applicants for this visa must be able to support themselves without having to work, and have a minimum steady and passive income (not from work) of at least 31,000 euros per year (38,000 euros for dependent).