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Citizenship by Investment (CBI) refers to the process whereby individuals can obtain citizenship or residency in a country through making a significant financial investment. In Italy, and therefore in Turin, there is no direct Citizenship by Investment program as seen in some other countries. Instead, Italy offers residency by investment, known as the "Investor Visa for Italy," which can eventually lead to citizenship through naturalization under specific conditions. Turin, as a major Italian city, follows the same national laws regarding investor visas and citizenship pathways. The process entails investing in government bonds, Italian companies, research projects, or philanthropic initiatives, after which an applicant and their family can reside in Italy and apply for citizenship after fulfilling residency and integration criteria.
Pursuing citizenship or residency through investment in Turin, Italy, involves navigating complex legal processes and requirements. Engaging a specialist lawyer can be crucial in the following scenarios:
Legal assistance can help prevent costly mistakes, reduce application delays, and provide peace of mind during the process.
Italy's legal framework surrounding residency by investment is regulated at the national level, applying equally in Turin. Key aspects include:
No, Italy does not have a direct Citizenship by Investment program. Instead, it offers an Investor Visa program, which provides residency and a pathway to citizenship over time.
Eligible investments include government bonds (€2 million), shares in an Italian company (€500,000), innovative startups (€250,000), and philanthropic donations (€1 million).
You generally must legally reside in Italy for 10 years before applying for citizenship, although there are exceptions for EU citizens and other groups.
Yes, immediate family members (such as spouse and children) can be included in the residency process under family reunification provisions.
There is no strict minimum stay requirement, but maintaining habitual residence and integration is recommended, especially if you plan to apply for citizenship later.
Required documents typically include a valid passport, proof of investment funds, a clean criminal record, evidence of accommodation, and documents supporting your investment choice.
Applications may be refused due to insufficient or ineligible investment, incomplete documentation, inability to prove lawful source of funds, or background check issues.
Yes, Italy taxes worldwide income for residents but offers special regimes for new residents. It is wise to speak to a lawyer or tax consultant.
Real estate investment alone does not qualify for the Investor Visa; you must invest in approved options outlined by the Italian government.
Applications begin online via the Ministry of Economic Development and are finalized at the nearest Italian consulate or, for residents, through the local immigration office (Questura) in Turin.
When pursuing citizenship by investment in Turin, useful resources include:
If you are considering residency or eventual citizenship in Turin, Italy through investment, begin by determining which investment category suits your profile. Gather comprehensive documentation about your finances and background. Before submitting any application, schedule a consultation with a qualified immigration lawyer in Turin to review your eligibility and prepare your paperwork. This professional guidance can help navigate the Italian legal system efficiently and improve your chances of a successful outcome. Stay up-to-date on legal requirements, as Italian immigration laws can change. Finally, remain patient, as the process from initial investment to citizenship can take several years and involves careful planning and compliance with local regulations.
