Italy is a member of the European Union and is located in southern Europe. Because of its rich cultural past, wonderful food, and agreeable temperature, it is one of the most visited countries in the world. Italy, the birthplace of the Renaissance is a land rich in culture and history. Italy boasts the most UNESCO World Heritage Sites of any country, with over 50, and highlights some of the world’s finest assets.
Italy ranges from the Italian Alps in the north to several beautiful islands in the south, which attract tourists from all over the world. Italy is a founding member of the EU and NATO, and its economy is Europe’s fourth-largest.
Italy attracts hundreds of millions of tourists each year as a worldwide recognized tourist destination with major cities such as Milan, Rome, and Venice. Visitors are drawn to the country’s great food and wine, as well as its burgeoning arts scene, in addition to its prominent metropolitan attractions, historic sites, and black-pebbled beach tourism.
Italy is known for being home to some of the world’s most prominent historical figures, with its capital city, Rome, being known as the “Eternal City.” What better country to live, work, or raise a family in than Italy? To top it off, the Italian passport has the third-highest number of visa-free destinations in the world. Foreign investors can also gain Italian residency in just a few months owing to Italy’s Golden Visa program.
The Italian Investor Visa program is commonly referred to as the “Golden Visa.” Because it’s one of the most direct paths to a permanent residence permit and, eventually, an Italian passport, it’s also known as “Italian citizenship by investment.”
Italy has taken steps in recent years to portray itself as an attractive place for international investors, as one of the world’s major economies and a crucial conduit to the European Single Market. Investors can apply for citizenship by naturalization ten years after the visa was first granted.
One of these moves was the implementation of a unique tax regime aimed specifically at holders of the Investor Visa for Italy. For foreign citizens planning to make a major investment or donation in Italy, the Investor Visa for Italy is a two-year, renewable visa.
Italy has a lot to offer in terms of culture, millennia-old history, art, literature, architecture, and fashion. Venice is also the epicentre of romance, with many magnificent works of art and architecture. Italy’s strategic location in the Mediterranean Sea makes it a wonderful area to reside in.
The investment must be maintained throughout the visa’s duration. The main applicant’s spouse, children, and dependent parents may also apply for a visa at no additional cost.
The Elective Residence Program is another qualifying alternative for those who can demonstrate a consistent annual income from abroad in a particular amount
Each qualified candidate will receive a conditional approval letter from the Malaysian Immigration Department. The visa does not allow the holder to work in Malaysia and does not allow them to stay permanently.
If you have a substantial net worth, you may be able to obtain Malaysian permanent residency by depositing at least US$ 2 million in a Malaysian bank. However, you won’t be able to withdraw the funds for at least five years. After five years, the spouse and minor children are also eligible for permanent residency in Malaysia.
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