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Studio Legale Speziale

Studio Legale Speziale

Crotone, Italy

English
Established in 1999 by attorney Agata Speziale, Studio Legale Speziale has built a dynamic and successful presence in the Italian legal landscape. The firm specializes in various areas of law, offering comprehensive services to a diverse clientele. Through collaborations with esteemed professionals...
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About Citizenship by Investment Law in Crotone, Italy

Citizenship by Investment (CbI) refers to the legal process through which individuals can acquire citizenship of a country by making significant investments in its economy. While the concept is popular in various countries worldwide, Italy— including cities like Crotone— operates primarily on residency-by-investment rather than direct citizenship through investment. The main avenue is the Italian Investor Visa Program, which grants residency to individuals who invest in specific ways, and this residency may eventually lead to naturalization as an Italian citizen. Residents in Crotone and elsewhere in Italy must follow the relevant laws and processes to transition from investor residency to citizenship.

Why You May Need a Lawyer

The legal requirements surrounding investment-based residency and citizenship in Italy can be complex and time-consuming. Common scenarios where legal assistance is valuable include:

  • Navigating eligibility criteria and choosing the most suitable investment route (e.g., government bonds, startups, philanthropic donation, company shares)
  • Properly preparing investment documentation and ensuring it meets Italian legal standards
  • Submitting applications for residency permits and — eventually — citizenship through naturalization
  • Responding to additional information requests from authorities or resolving legal complications
  • Advising families on dependent inclusions and inheritance implications
  • Assisting with Italian tax law as it relates to new residents and eventual citizens
  • Helping with appeals in the event of application rejections or delays

Engaging a qualified lawyer ensures compliance, minimizes risks of administrative errors, and often speeds up the process.

Local Laws Overview

Crotone, as a municipality within the Calabria region, follows all national Italian immigration and citizenship laws. The Italian Investor Visa, also known as the "Golden Visa," is governed by national law (Decreto Legislativo n. 286/1998 and subsequent amendments) and allows non-EU nationals to obtain a two-year renewable residency in Italy in exchange for a qualifying investment. Key legal aspects include:

  • The investment must be substantial (ranging from €250,000 in innovative startups to €2,000,000 in government bonds).
  • Applicants must prove the legality and provenance of their funds.
  • Residency can be extended, and after ten years of residence, an individual may apply for Italian citizenship through naturalization (reductions available for certain categories, e.g., marriage to an Italian citizen).
  • Background checks certify applicants have no criminal record and meet immigration criteria.
  • Local registration with the Crotone municipality and compliance with local residency declarations are required.
  • Tax obligations and reporting requirements to Italian fiscal authorities for residents and potential citizens must be observed.

Laws and administrative procedures can change, making legal guidance particularly important.

Frequently Asked Questions

Is it possible to obtain Italian citizenship directly through investment in Crotone?

No, Italy does not offer direct citizenship through investment. Investors can obtain residency status and may apply for citizenship through naturalization after fulfilling residency requirements.

What are the minimum investment amounts required for the Investor Visa?

The minimum amounts are €2 million in government bonds, €500,000 in an Italian limited company, €250,000 in an innovative startup, or €1 million as a philanthropic donation to support a project of public interest.

How long does it take to become an Italian citizen after investing?

Typically, a lawful resident must live in Italy for at least ten years before applying for naturalization as an Italian citizen. Special categories may qualify sooner.

Can my family be included in my Investor Visa application?

Yes, immediate family members such as a spouse, minor children, and dependent adult children can usually be included.

What documents are required for the application?

Required documents include proof of investment funds, a clean criminal record, comprehensive health insurance, residency documents, and proof of accommodation in Crotone or elsewhere in Italy.

Are there language requirements for obtaining Italian citizenship?

Yes, applicants must demonstrate at least B1 proficiency in the Italian language when applying for naturalization.

What rights do I have as a resident under the Investor Visa?

As a resident, you can live, work, study, and travel within Italy. After obtaining permanent residency or citizenship, EU-wide rights may apply.

Can an application be denied? What happens then?

Yes, authorities may refuse an application due to insufficient documentation, security concerns, or other legal issues. Appeals and reviews are possible and are best handled with legal assistance.

Will investing in real estate qualify me for Investor Visa?

No, real estate investment alone does not currently qualify for the Italian Investor Visa scheme.

What is the role of local authorities in Crotone during the process?

Local authorities handle registration of residency, verification of address, and some checks related to integration into the community. Other steps are managed at the national level.

Additional Resources

Several resources can assist prospective investors seeking residency or citizenship by investment in Crotone:

  • Ministry of the Interior (Ministero dell'Interno) – for immigration and citizenship applications
  • Italian Police (Polizia di Stato) – for local residency permits and security clearances
  • Municipality of Crotone (Comune di Crotone) – for local registration and residency formalities
  • Italian Consulates and Embassies – for information and preliminary applications from abroad
  • Certified Immigration Lawyers and Consultants – for legal support and tailored advice
  • Chamber of Commerce in Crotone – for guidance on company investments

Next Steps

If you are considering obtaining residency and eventual citizenship by investment in Crotone, the following steps can help:

  • Assess your eligibility and preferred investment type, considering your long-term objectives.
  • Collect all necessary documentation, including proof of funds and clean criminal record certificates.
  • Consult with a qualified immigration lawyer experienced in Italian investment residency cases—preferably one familiar with Crotone procedures.
  • Begin your application process, either from abroad or upon arrival in Italy, following legal and administrative protocols closely.
  • Fulfill residency and investment obligations, and maintain compliance with Italian laws during your residency period.
  • Plan for future steps, such as application for naturalization, once eligibility is met.

Legal guidance ensures your application stands the best chance of success and aids your smooth transition to life and, eventually, citizenship in Italy.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.