Italy’s government has introduced a startup visa that will allow non-European tech innovators to move to Europe, with the starting point being Italy.
Italy’s ecosystem has a great deal of growth potential, a growing number of successful startups, programmes and initiatives.
The Startup visa serves as an incentive for innovative entrepreneurs to come to Italy. Due to the long duration and high number of bureaucratic mechanisms involved in issuing regular visas, the government has simplified the process – all procedures are now online, and the Startup visa procedure takes maximum 30 days.
The visa applies to innovative startups with up to five members who can potentially relocate to Italy for at least one year. The company is required to have a “limited” structure, must have been operating for no longer than four years and must intake an annual sales figure of less than US$5 million.