Italia Startup Visa

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Italy
About
Requirements
Cost of Living
Expats
Talent Migration

About

Italia startup visa is a self employed visa for foreigners to enter and incorporate an innovative startup company in Italy. This visa usually takes 30 days to get processed and you will be granted a 1-year startup visa with a 1-year resident permit. You will be able to apply for 1-year extension.


There are two ways to apply this startup visa


  1. Apply via certified Incubator

  2. Apply directly without certified Incubator.


Please review the requirements below.


Selection process: The Committee checks if the submitted business model potentially meets the requirements of an innovative startup (i.e. focus on technological innovation, R&D and/or intellectual property) as defined by Article 25 of Law 221/2012 and if the candidate has the required financial resources.


After acceleration, there is a good network of VC and Angel capital funds for your startup


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Duration

12 month(s)

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Citizenship

120 Month(s)

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P. Residency

60 Month(s)

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COMPLEXITY

Very Low

What are eligibility requirements for the Italia Startup Visa?

6 Eligibility Requirements

  • Applicant must submit an application form (ISV), unless backed with a certified incubator
  • Applicant must submit a formal statement whereby the applicant declares financial availability of at least 50,000 euros, supported by documentary elements of such availability.
  • Applicant must submit detailed information about the innovative startup project including idea and business model, type of product or service to be developed, innovative aspects etc.
  • Applicant must submit presentation deck (in .ppt format or equivalent)
  • Applicant must have a valid passport.
  • All documents to be submitted at ISV Committee (italiastartupvisa@mise.gov.it) with the following subject: APPLICATION ISV FIRST NAME: John LAST NAME: Smith to obtain Nulla Osta ISV, including provisional police certificate of no impediment for entry purposes.

Which documents do I need to apply for the Italia Startup Visa?

7 Document Required

  • Application form for ISV
  • Presentation deck (in .ppt format or equivalent)
  • Cover letter for proof of financial resources and attached files
  • Copy of your passport
  • Undertaking by incubator to host startup, in case backed by the incubator
  • 4 passport-size photographs
  • Proof of residence in the local consular district

Cost of living

Avarage cost of living in Italy

1. Grocery

ItemsUnited StatesItalyComparison
Apples (1KG)2.2 - 6.61 USD1.09 - 2.72 USD57% less
Cheese (1KG)6.61 - 16.53 USD8.71 - 18.52 USD17% more
Bread (500g)1.53 - 3.41 USD1.09 - 2.29 USD32% less
Banana (1KG)1.08 - 2.2 USD1.09 - 2.72 USD16% more
Pack of Marlboro5.45 - 8.69 USD5.45 - 5.99 USD20% less
Eggs (12)1.75 - 3.99 USD1.69 - 3.81 USD5% less
Bottle of Wine9 - 16 USD4.36 - 8.71 USD48% less
Onions (1KG)1.52 - 4.41 USD0.98 - 2.72 USD38% less
Chicken Breast (1KG) 4.41 - 14.31 USD5.45 - 13.07 USD2% less
Milk0.65 - 1.12 USD0.87 - 1.63 USD41% more

2. Restaurant

ItemsUnited StatesItalyComparison
Beer Imported (0.33L Bottle)4 - 7 USD3.27 - 5.45 USD21% less
Beer Local (0.5L Draught)3 - 5 USD3.27 - 5.45 USD9% more
Cappucino3 - 5 USD1.09 - 2.18 USD60% less
Meal for 2 at mid-restaurant35 - 70 USD43.57 - 70.79 USD8% more
Meal at inexpensive restaurant10 - 20 USD10.89 - 21.78 USD8% more
McDonald Combo Meal6 - 8 USD7.08 - 9.69 USD19% more

3. Transportation

ItemsUnited StatesItalyComparison
One-way Ticket (Public)1.5 - 2.75 USD1.31 - 1.63 USD31% less
Gasoline (1LTR)0.53 - 0.76 USD1.42 - 1.76 USD146% more
Taxi (1KM)1.24 - 2.49 USD1.09 - 3.27 USD16% more

4. Rent

ItemsUnited StatesItalyComparison
1 Bedroom City Centre650 - 2000 USD381.2 - 925.78 USD51% less
1 Bedroom Outside City550 - 1500 USD326.74 - 653.49 USD53% less
Internet (Cable/ADSL)35 - 80 USD21.78 - 38.12 USD48% less

5. Leisure and Shopping

ItemsUnited StatesItalyComparison
Summer Dress (Zara,H&M)20 - 50 USD21.78 - 54.46 USD8% more
Cinema Ticket (one)9 - 13.5 USD7.62 - 10.35 USD21% less

338.7K People moved to Italy from United States by 1990 - 2019

Other top ten expats in Italy listed below

RankCountryMaleFemaleTotal
#1Romania2.3M1.6M3.9M
#2Albania1M1.2M2.2M
#3Morocco962K1.4M2.3M
#4Ukraine647K174.7K821.7K
#5Germany612K408.7K1M
#6Philippines494.5K280.6K775.1K
#7China463.5K458K921.5K
#8Switzerland441.6K354.9K796.4K
#9France423.7K235.3K659K
#10Moldova416.9K200.1K617K
#11Poland410.5K130.1K540.6K
#12Peru326.4K189.7K516.1K
#13Brazil322.1K152.4K474.5K
#14Russia254.7K68.5K323.2K
#15India237.3K351.7K589K

Talent Migration data for Italy

Talent gain & drain map of 2015-2019 data. Sourced from World Bank Digital Development Data.

Disclaimer: Visadb.io is a FREE visa database and Immigration Expert Marketplace. The information displayed in this page is not legal advice. Please speak to an Expert before applying.

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