Italy created and launched a groundbreaking Italian Startup Visa last June 2014. Read more information below to be eligible and apply to the Italian Startup visa.
Italy has long offered resident permits to entrepreneurs to Italy and this time decided to concentrate efforts on offering innovative entrepreneurs a new and better process to start a company in the country.
The Italian startup visa allows non EU citizens to come to Italy to start innovative business ventures and benefit of certain advantages in taxes and investment.
To be eligible, applicants must present an innovative business idea that will be evaluated by a specific committee, along showing evidence of a minimum of €50,000 in start-up funds.
There are two routes to apply for the visa,
Both routes offer the entrepreneur a priority application and certain benefits in Italy.
The Ministry of Economic Development and Ministry of Foreign Affairs communicated that the special startup visa will be granted in about 30 days; and the procedure can be quicker if the applicant already has a been accepted within a certified incubator.
With this Startup visa, Italy wants to further develop its startup ecosystem to support innovative entrepreneurs and to open doors to innovative and global entrepreneurs. Especially, the geographical position of Italy made the initiative a unique opportunity in the region to create and connect with the wider innovative and startup ecosystem developing around the Mediterranean sea.
Interested in the #Startup visa scheme? Ask Migreat immigration expert for more information and guidance.