Italy and Other Affordable Golden Visa Destinations: A Guide for Investors

Golden Visa programs offer a straightforward way for investors to gain residency in Europe. Italy stands out among these programs as an affordable and strategic choice for high-net-worth individuals. Alongside Italy, several other countries offer cost-effective Golden Visa options, each with distinct advantages. A

Albert Ioffe, Legal and Compliance Officer at Immigrant Invest, breaks down Italy’s Golden Visa program and compares it to other cheapest golden visa countries to help investors make an informed decision.

Most Affordable Golden Visa Destinations for Investors

Italian Golden Visa is designed to attract global investors by offering a variety of accessible pathways. Golden Visa cost in Italy for investors include:

1. Innovative start-ups. With an investment threshold starting at €250,000, supporting start-ups is an attractive route for those looking to contribute to Italy’s growing tech and innovation sectors. These diverse options make Italy’s program adaptable to varying financial goals and risk preferences.
2. Business investment of €500,000 in listed or unlisted shares in a company that is incorporated and operates in Italy.
3. Donation of €1,000,000 in the project of public interest operating in the field of culture, education, immigration management, scientific research, and preservation of cultural and natural heritage.
4. Government bonds. A minimum investment of €2 million in Italian government bonds offers a secure and stable option for those prioritising low-risk returns.

Portugal Golden Visa is popular for its balance of affordability and quality of life. It offers residency by investment in fund units, business, or research starting from €250,000. Investors can apply for citizenship after five years.

Greece Golden Visa stands out with one of the lowest investment thresholds in Europe. Minimum investment for Golden Visa:

• real estate investment — €400,000;
• hotel or tourist residence rent — €400,000;
• timeshare of a tourist residence for 10 years — €400,000;
• acquiring property through inheritance or donation — €400,000;
• investment in mutual and alternative investment funds — €350,000;
• opening a fixed-term deposit — €500,000;
• investment in government bonds — €500,000;
• investment in the share capital of Greek companies — €500,000;
• investment in company shares and government bonds — €800,000.

Spain Golden Visa appeals to investors looking for straightforward residency through property acquisition. Key features include a minimum investment of €500,000 in real estate. This option allows investors to own property in a country known for its cultural richness and economic stability.

Investors can retain their residency while residing elsewhere, making it flexible for global entrepreneurs. Spain’s Golden Visa is ideal for those prioritising property ownership in a sought-after destination.

9 Benefits of Italy Golden Visa for Global Investors

The Italian Golden Visa program offers significant advantages for high-net-worth individuals. Whether the goal is European residency, family inclusion, or long-term benefits, Italy’s program is among the most appealing options. Below are the nine standout benefits in detail:

1. Residency in a top-tier EU country. Italy is one of Europe’s largest and most developed economies. Securing residency here provides access to a stable political and economic environment. Investors benefit from Italy’s central role in European trade and international relations.
2. No relocation requirement. Unlike some Golden Visa programs, Italy does not mandate full-time residency. Investors can maintain their status without the need to live in Italy permanently, offering flexibility for those with global business interests or personal commitments elsewhere.
3. Access to Schengen travel. Italy’s Golden Visa grants residency that includes visa-free travel across the Schengen Area. This enables seamless movement to 26 European countries for business or leisure.
4. Diverse investment options. The program accommodates various financial strategies, from low-risk government bonds to more dynamic investments in start-ups or real estate. This flexibility allows investors to tailor their approach based on financial goals and risk tolerance.
5. Family inclusion. The Golden Visa extends to immediate family members, including spouses, children, and dependent parents. This ensures that the entire family benefits from residency, healthcare, and education opportunities.
6. Pathway to permanent residency and citizenship. Italian residency can transition to permanent residency after five years and citizenship after ten years. This long-term pathway makes it an attractive option for investors planning to deepen their ties to Europe.
7. Favourable tax regime. Italy offers tax incentives for new residents, including a flat tax on global income of €200,000 annually. This is particularly advantageous for high-net-worth individuals seeking to optimise their tax obligations.
8. World-class healthcare and education. Italy’s public services rank among the best globally. Residents gain access to high-quality healthcare and education, which are often free or highly subsidised.
9. Cultural and lifestyle appeal. Italy’s rich history, art, cuisine, and natural beauty make it a globally recognised destination. From Renaissance art to Mediterranean beaches, the lifestyle advantages are unparalleled.

Who is Eligible for Italy Golden Visa

General requirements. Applicants must be over 18, financially independent, and with a clean criminal record and sufficient capital to invest. They also must make a written commitment to investing in the Italian economy.

Investment criteria. Investors must meet the financial thresholds in one of Italy’s approved categories, such as government bonds, real estate, or business investments.

Family members. Spouses, children and dependent parents can apply as dependents.

How to Obtain an Italian Golden Visa

Step 1. Select the investment route. Choose an option that aligns with financial goals and eligibility.

Step 2. Submit a visa application. Prepare and submit documentation, including proof of investment and financial resources.

Step 3. Await pre-approval. Authorities review the application and provide an initial decision.

Step 4. Complete the investment. Transfer funds to the selected investment within the specified timeframe.

Step 5. Receive the residence permit. Upon investment confirmation, receive the Golden Visa.

Step 6. Maintain and renew residency. Maintain the investment to renew the permit as required.

Conclusion

Affordable Golden Visa programs like Italy’s provide high-net-worth investors with residency in Europe and access to its benefits. Italy offers diverse investment options, family inclusion, and a clear pathway to permanent residency or citizenship. For investors seeking affordable alternatives, Greece, Portugal and Spain are also attractive options.