Italy is an attractive destination for foreign entrepreneurs as it offers more than lucrative opportunities. Starting a business here is a breeze because the regulations and tax norms for outsiders are easy. Moreover, moving here with your family is an exciting prospect because you get the benefits of an excellent lifestyle, rich culture, affordable education, and quality healthcare. The best thing for business owners is the easy immigration process, as the investor visa ensures access with minimal delays and hassles. If you wish to learn about the nitty-gritty of this immigration option, the entire process is well-explained on mbersanilaw.com website. Let us share some additional tips to help you start a new venture in Italy as an outsider.
Decide on your investment budget
The Italian investor visa is ideal for business owners looking to start a venture in Italy. The process is quick, and you can expect to complete it within a couple of months. But investing a hefty sum to buy a residency and launch a business may sound painful for your startup budget. Fortunately, you can get an investor visa with an investment of thousands instead of millions. Decide on your investment budget and choose the alternative that fits within it.
Get your bank statements ready
Although you need not bring the funds for investment during the processing period, you will have to provide proof of financial capacity. Get your bank statements ready to show adequate funds before applying for the certificate of no impediment (nulla osta). The good thing is that your money is secure as you pay nothing until getting the investor visa and landing in Italy.
Have the funds at hand
At this stage, you should have your funds at hand because you will need to make the committed investment after getting your residence permit. You have to bring them within three months, and failing to do it can lead to the revocation of your visa and residence permit. Also, have the startup funding ready because you can launch your business right after completing the investment formalities.
Collaborate with local experts
Collaborating with local experts is the best piece of advice for an outsider looking to set up a business in Italy. Start with an immigration professional to make the investor visa process as smooth as possible. Hire a legal expert to handle regulatory and legal issues. A tax expert should also be a part of your team as a startup. You can also onboard a local business consultant to get a good launch.
As an outsider, you must think long-term while establishing a business in Italy. The good thing about the investor visa is that it makes you eligible for citizenship by naturalization down the line. You can also expand your business across the EU with visa-free travel as a resident of Italy. Follow timely renewals of your residence permit to become eligible for citizenship after a decade.
It is easy to launch a business in Italy even as an outsider, provided you get a good start with immigration. These simple tips can make your entrepreneurial journey a breeze.