Italy has recognized the value entrepreneurs bring,How To Get An Italian Startup Visa Or ISVas have other nations. The Italia Startup Visa (ISV) was created in 2013 for non-EU nationals wishing to establish innovative businesses in Italy.The Italian startup sector has expanded rapidly thanks to this visa. In Italy, there are currently more than 12,000 startups. This is all the information you need to relocate to Italy as the owner of a cutting-edge startup.
Isv: What Constitutes an Innovative Startup?
A business that satisfies the following requirements is considered an innovative startup for the purposes of the ISV. It is either recently incorporated or has been in existence for less than five years.
Its main office is in Italy. Also,It has a production facility and branch in Italy. Its yearly revenue is less than €5 million. It doesn’t split profits. Its sole objective is to create, develop, and promote novel products or services. At least one-third of workers have a PhD or. At least two thirds of workers have a master’s degree. Also,R&D accounts for at least 15% of yearly expenses and turnover. Also,The company has original software and a recognised patent.
Documents Needed for a Startup Visa in Italy
You can apply online for an Italy Startup Visa. The necessary documents are, Fill out the application. You can get the form at this link.A duplicate of the present passport. A official declaration stating that at least €50,000 is available. presentation deck outlining the novel features and suggested business plan. Comprehensive cost and revenue forecasts in a business plan.
Read Also: How to Get a Visa and Work Permit in Ireland
Demonstrating Financial Resources’ Availability to Obtain an ISV
The applicant may demonstrate that they have access to funding from outside parties, their own money, or a combination of the two. Documentary evidence for self-financing comprises, A copy of the bank statements for the last three months. Statement of investment funds’ portfolios. A letter from the organisations holding the money attesting to its ownership and worth. A formal contract of investment that includes the investor’s and recipient’s personal information, the nature of the financial resources and relationship, and a description of the investor’s area of expertise can serve as documentary proof in the case of third-party funding. Non-liquid assets, such real estate or ownership shares in other businesses, cannot be used as proof of finances. Entrepreneurial Teams’ Application An entrepreneurial team of up to five non-EU nationals or a single entrepreneur may be granted an Italia Startup visa. Each member’s required share capital percentage is unlimited, but they must all be co-founders and co-owners.Team applications must be filed separately at the same time.
How to Apply for a Startup Visa in Italy
The completed application and supporting documentation must be scanned and emailed to italiastartupvisa@mise.gov.it with the subject line “Application ISH First Name: _____ Last name_____.” The Secretariat of the Italia Startup Visa programme will conduct a first review of the application and supporting documentation. The Italia Startup Visa Technical Committee will then receive it.A provisional Certificate of No Impediment to Entry must be issued concurrently by the Questura or central police office that has authority over the area where the applicant wishes to establish a business. The results of the application evaluation will be communicated to the applicant within 30 days.A scanned copy of the Nulla Osta ISV, or Certificate of No Impediment to a startup self-employment visa, will be emailed to approved applicants.After that, the candidate has three months to go to an Italian consulate and pick up the startup visa. For the consular appointment, the applicant needs to bring the following paperwork,
A duplicate of the Nulla Osta ISV
Evidence of lodging in Italy
Evidence of income
A valid passport
Four passport-sized photos
A self-employment entry visa will be issued by the consular authority following a few standard checks. This visa is subject to annual migration quotas and has a one-year validity period.
The applicant has 180 days after receiving the visa to relocate to Italy and submit an application for a self-employment residence permit. This will also be good for a year. A maximum of two years may be added to the residency permit.
