When doing this, what requirements do I need to fulfill? What is the updated physical presence requirement?
Guidelines are not available yet, but we believe that you will need to use a company of which you have direct or indirect ownership or control. Regarding the updated physical presence requirements, investor permit holders are exempted from the integration agreement obligations, i.e. language test etc. and they are no longer required to spend a minimum amount of time in Italy.
In the light of the amendments recently introduced by the Italian Government, art. 26 bis of Legislative Decree 286/98 now expressly allows third country nationals to invest in Italy and thus be eligible for the investor visa and also through a special purpose vehicle, company or legal entity incorporated and existing in a third country controlled and represented by the applicant. Third country nationals who have obtained the investor visa are no longer required to spend a minimum amount of time in the Italian territory, in any given year, in order to maintain their immigration status.
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