How To Move A Step Ahead With An Italian Entrepreneurial Venture
Italy is an excellent entrepreneurial destination with a favorable business climate and broad markets brimming with high demand. Not to mention, business owners get the opportunity to extend their reach to the EU markets. Even global entrepreneurs are keen to set up in the country because of its easy regulations and business-friendly tax structures. Moreover, the place is great for setting up your base with a new home for your family.
Not surprisingly, an increasing number of American entrepreneurs immigrate to Italy every year to realize their startup dreams. Besides the incredible business opportunities, the country offers an easy way to get in with an investor visa. You can check the complete guide on mbersanilaw.com to understand the immigration process with the investor visa. Before moving ahead with your dream project, here are some insights on preparing for your Italian entrepreneurial venture.
Get advice from a local
Before going ahead with the plan, you must get advice from a local. Someone who knows the markets and regulations well is the right person to seek advice from. You may even check with a consultant to be sure about making the right decisions. Discuss your business idea to understand its viability in the local market and long-term growth projects. Get inputs on the challenges you may face down the line so that you are better prepared for them. Besides business advice, you must also get guidance on immigration options from a local expert. This way, you will be ready to create a roadmap for your Italian entrepreneurial journey.
Understand the investor visa process
Immigration is the first step in setting up your business in Italy. Thankfully, the investor visa makes it a breeze because of its easy eligibility norms and quick process. Here are some key facts you need to understand about the investor visa process-
Eligibility- Essentially, anyone over 18, in a good state of health, and having a clean police record can apply for the investor visa. You only have to be ready to bring a considerable investment to the country to qualify. The good thing is that you have several options to pick from. You may provide €250,000 to an innovative startup, invest €500,000 in an established venture, donate €1 million to a welfare project, or buy government bonds worth €2 million. Once you decide the one that works for you, it is time to go ahead with the process.
Two-step process- Getting an Italian investor visa entails a two-step process, and it takes only a few months to complete. You have to start by obtaining a nulla osta or certificate of no impediment validating your capacity to invest in the country. It requires an online application with documents of proof of funds. You can get the certificate within 30 days. Once you have the nulla osta, you can apply for an investor visa at your local Italian consulate. The best part is that your family members can come along without additional investment.
Residence permit- You have to bring the actual funds to Italy only after landing with the investor visa and converting it to a residence permit. The deadline for bringing in the committed investment is three months, so be ready with the funds. At this stage, you can set up your business in the country and take it ahead on the growth route. An Italian residence permit entitles you and your benefits to the entire benefits that a resident gets. It means you can start your dream business and life here.
Citizenship prospects- You will probably have a long-term vision and goals when you start your Italian entrepreneurial venture. You can pursue them as a resident and get a second passport eventually. The only condition to reach the stage is by holding your investment for the long haul. You can navigate the journey by converting to permanent residence after completing five years in the country. A decade in Italy qualifies you for citizenship by naturalization.
The investor visa process sounds like a breeze. But it makes sense to seek expert guidance to get through the various stages. You need it even more if you have citizenship in mind. Luckily, you can collaborate with an immigration and citizenship expert to guide you with the entire steps, paperwork, and formalities.
Establish your startup in Italy
After completing the immigration formalities and getting your residence permit, you can live and work in Italy. It is time to get down to work and establish your dream venture. You can understand the local customs, build relationships, hire people, and set up a facility to run your business. Since you can stay here for good with Italian citizenship in the long run, it is a motivating factor to push your business towards its growth goals. At the same time, you can start a new life with your family. They can access the healthcare and education benefits to settle down in the country.
Explore the EU markets
The great thing about the Italian residence permit is that it opens the opportunity to travel visa-free across EU countries. It means you can think beyond the local markets and extend your reach to global destinations. You can explore partnerships and associations in the Schengen regions, exhibit at trade fairs, and tap broader markets with the potential for your offerings. The growth prospects are humongous as you need not confine your venture only to Italy. You can set up a truly global enterprise as you get one of the most powerful passports in the world.
Achieving your Italian entrepreneurial dreams as a foreigner is much easier than you imagine. You can rely on the investor visa to get a step closer to the vision. A good understanding of the process gives you a good start, while guidance from an expert does the rest. You can rely on them for easing the process and focus on your entrepreneurial vision instead. Remember to consider long-term prospects for Italian citizenship as it will empower you to stay in the country for good.