Self-Employment Visa for the creation of a new business: is it truly a viable path?

Italy continues to position itself as a strategic destination for foreign entrepreneurs interested in launching new ventures in Europe. Among the available legal instruments, the self-employment visa aimed at creating a new business represents one of the most structured options for those wishing to make a significant investment in the country.

But is it truly a realistically viable path?

A visa designed to attract qualified investment

With the goal of encouraging the inflow of foreign capital and supporting employment, the Italian government allows non-EU citizens to apply for a self-employment visa if they intend to implement a business plan that is of interest to the national economy.

The core requirements are clear:

• A minimum investment of €500,000

• The creation of at least 3 new jobs in Italy

This instrument is therefore intended for entrepreneurs with a solid project, adequate financial resources, and a structured business vision.

The business plan: the heart of the application

The visa application must be submitted to the competent Italian Consulate in the applicant’s country of residence. The central element of the application is the business plan, which must demonstrate:

• An actual investment of at least €500,000

• The expected employment impact (at least three new hires)

• The economic sustainability of the project

An essential requirement is that the financial resources must come directly from the entrepreneur. It is not sufficient to demonstrate interest from third-party investors: the capital must be attributable to the applicant.

Additionally, a certification issued by the competent Chamber of Commerce for the location where the business will be established must be attached, confirming the consistency and feasibility of the entrepreneurial project.

Additional documentation and consular review

In addition to documentation relating to the investment plan, the Consulate may request further evidence, including:

• Proof of additional financial resources

• Tax returns

• Proof of accommodation in Italy

• Health insurance coverage

The assessment is discretionary and may vary depending on the applicant’s personal situation and the competent consular office.

Processing times and arrival in Italy

Once the visa application for Italy has been submitted, the evaluation process may take up to 120 days. If approved, a national D visa will be issued, allowing entry into Italian territory.

However, obtaining the visa does not conclude the procedure: within 8 days of arrival in Italy, the applicant must apply for a residence permit for self-employment with the competent authorities.

Is it truly a practical solution?

From a regulatory standpoint, the path is clearly defined. In practice, however, the process requires:

• A significant investment

• Detailed and credible planning

• Thorough documentation preparation

• Considerable processing times

• Submission to the discretionary assessment of the Italian Consulates responsible for handling visa applications

It is therefore not a “simple” or immediate option, but rather a tool designed for structured entrepreneurs with a concrete project and substantial financial commitment.

For those who possess the necessary resources and intend to establish themselves permanently in the Italian market, the self-employment visa for the creation of a new business can represent a genuine opportunity. For other profiles, alternative solutions may be more appropriate.

Ultimately, it is a viable path — but only for those prepared to approach it with careful planning, financial solidity, and a long-term entrepreneurial vision.

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The content of this article is intended to provide general information on the topic. For doubts or specific cases, it is advisable to seek specialized legal advice tailored to your particular situation.

Article written by Alessia Ajelli, Managing Associate of LCA Studio Legale, Italian lawyer specialized on Italian immigration and citizenship law, and Paolo Grassi, Trainee of LCA Studio Legale.