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One firm claimed Italian citizenships were available for South Africans in “less than a year” for just EUR 100,000. “It’s a scam,” says the Italian embassy.
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The most common reasons for rejection were “weakness of the business model” and “lack of innovative value of the business project”.
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No more physical presence requirements and the possibility to apply and invest through a company rather than as an individual.
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The new minimum places Italy’s investment low end of the cost-spectrum among European golden visas but also calls for a much higher level of risk tolerance.
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The Italian Investor Visa (IIV) has been around for almost three years without gaining any meaningful traction. Why?
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Eight of ten startups end up in the wealthier Northern regions, and fully 56% of founders launch their business within a two-hour drive from Milan.
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Italy offers three routes to residence by investment: Lump-sum taxation on high earners, an investor visa that begins at €500,000, and tax-free retirement.
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