In an effort to reduce the country’s debt, the Italian government will start selling visas to non-EU citizens in exchange for a €500,000 investment in a start-up.
The plan, approved by the Italian parliament in early December as part of the 2017 budget, is expected to take effect next month once the fine-print has been finalized.
Having purchased the visa, applicants can obtain a permit to stay in Italy for up to five years, at which point they can apply for longer permits and, eventually, Italian citizenship.
Such visa holders will also benefit from changes to the country’s income tax system, which means …read more
Source: European Voice
