The Padideh GIyah, by opening a European office in Milan, Italy, supports startups and companies that intend to export and register a company in Europe if they meet the laws and regulations of the destination country.
Italy Startup Visa Program:
The Italy Startup Visa Program is one of the new immigration programs that grants qualified foreign entrepreneurs a 2-year residence in Italy. The said visa is offered to entrepreneurs who start a startup in Italy with a capital of at least €50,000 (Euros). But another condition is that the potential applicant invests at least €100,000 (Euros) in an innovative company in Italy. This visa also provides family residence and European residence privileges for applicants and their family members. You can always follow the full details of the 2021 Europe Golden Visa programs from the center.
Obtaining a Visa:
Obtaining a startup visa in Italy can be very important. Almost all visas available in Italy do not allow for companion visas. Since those interested in family immigration to Italy are pursuing, it is natural that using a startup idea can be very important to achieve this goal.
Infographic of Italian startups and reasons to invest and launch a startup in Italy:
Italy is a prosperous member of the European Union (EU) with a superior economy that has various programs in place to attract foreign investors and entrepreneurs. One of the important reasons why foreign investors tend to register a startup company in Italy is the country's superior export economy. As can be seen in the following list of the world's top 10 economies, Italy ranks 8th in the world with a GDP of about $2,106,287 billion, which is very important for entrepreneurs looking to establish a startup in the country:
Country Rankings by Gross Domestic Product (GDP) in Billions of Dollars: 1 United States 22675271 – European Union 17127535 2 China 16642318 3 Japan 5378136 4 Germany 4319286 5 United Kingdom 3124650 6 India 3049704 7 France 2938271 8 Italy 2106287 9 Canada 1883487 10 South Korea 1806707
In this regard, considering the Italian economic growth rate index over the last two years, the future of investment in this country can be assessed as very favorable. Because according to the statistical results of the chart below, it can be said that the negative growth of -10.6% in 2020 will reach a positive growth of 5.2% in 2021:
Italian economic growth rate, Italian startup ranking in the world:
To determine the international ranking of Italian startups, the StartupBlink startup environment ranking can be used. Based on the strength of startups, Italy is ranked 25th internationally out of 202 countries in the world. If we look closely at the Startup Italy map, we will find that this country has 738 startups, the most famous of which are Alleantia, Steroemood and LVenture Group. As can be seen in the Startup Italy map below, the largest number of Italian startups is located in Milan, with 531 companies, and in Rome, with 137. For this reason, the startup environment is particularly well-prepared in a city like Milan:
Startup Environment in Italy:
An interesting point about the ranking of Italian cities in terms of startup environment is that only Milan has a double-digit global ranking (62), which indicates the pioneering role of Startup Milan in Italy as a whole. In the table below, you can get acquainted with the international startup rankings of the top Italian cities:
To start a business in Italy, you must first familiarize yourself with the types of startup companies to register in this country. To register a company in Italy, foreign entrepreneurs are more likely to choose two types of companies: a limited liability company (SRL) or a public limited company (SpA). The difference between these two types of companies can be seen in the minimum capital required to register them, so that for registering an SRL company it is about €1 (Euro) and for starting a SpA company it is about €50,000 (Euro). But the necessary steps to register the desired company in Italy are as follows:
Setting up the Startup Company Agreement:
Registering the desired company and the articles of association before going to the registry office Providing the necessary documents for registering the company in Italy Purchasing accounting and company books (specified in Article 2478 of the Italian Civil Code) But in addition to the above steps, you, as an applicant for setting up a Startup in Italy, need to provide various documents such as identification documents such as a valid passport, tax number, Value Added Tax (VAT) number, opened bank account and company documents.
How to start a Startup in Italy: What are the requirements for obtaining an Italian Startup Visa?
The StartUp Visa program is a new program that falls under the category of Italian entrepreneur visas and has recently been added to the immigration methods to Italy. Under this program, qualified entrepreneurs who have been able to implement their innovative Startup in this country can obtain Italian residency. But one of the conditions for obtaining this visa is that the applicant must launch a new startup company in Italy with a capital of at least €50,000 (Euros). Another condition is that the applicant must invest at least €100,000 (Euros) in an existing innovative company. Also, applicants are required to submit the following documents to the legal authority to obtain this visa:
A valid passport or ID card Certificate of no criminal record Application form issued by the country's startup visa secretariat Certificate of adequate financial means to reside in Italy Other identification documents of the applicant
This type of Italian residence permit has the possibility of being renewed for a period of 2 years and also provides for the residence of all family members. Respected compatriots can contact the skilled consultants of the Soroush Saadat Ambassadors Law Firm to receive comprehensive information about obtaining an Italian Schengen visa, a study or work visa (Type D) for this country, or obtaining Italian citizenship.
Key Questions About Startups in Italy: Some frequently asked questions about startups in Italy are answered as follows: What are the best types of startups in Italy? Production startups are more profitable. What are the methods of obtaining a startup visa in Italy? The first method is a direct method where the individual personally carries out all the processes related to the startup visa, and the second method is when the individual can obtain sufficient financial support in this regard from foreign investors. How long is the validity of the startup visa in Italy? The startup visa in Italy is only valid for 8 days, but if the individual completes the legal residence procedures within this period, he can stay in Italy for a year and his residence can be extended. Why can starting a startup in Italy be valuable? Since this method is one of the few immigration methods that allows obtaining a companion visa in Italy.
