The “Income from active residence” Project
Time to move to Italy!
Funding available up to €24,000 per person for those who decide to relocate to Italy to start a business and move the residence in one of the 100 municipalities in Molise that join the benefit project.
Indeed, the region of Molise makes available €24.000,00 (Euro Twenty-four-thousand/00) for those who intend to transfer their residence for at least 5 years to one of the villages located in Molise with less than 2,000 inhabitants. Applicants will be asked to start a business activity or to refurbish real estate belonging to the historical and cultural heritage, even for residential use.
The purpose of this project called “Income from active residence” is to promote the repopulation of the Molise villages with less than 2,000 inhabitants, and to boost their economic development and urban regeneration.
Who can apply for this project?
Anyone who decides to transfer the residence with the intention of starting a business activity for at least 5 years can submit the application if he/she meets the following Notice’s requirements:
- to be over the age of majority (in Italy it is over 18 years old);
- to establish his residence to one of the municipalities of Molise with less than 2,000 inhabitants within 90 days from the communication of acceptance of one’s request for access to the benefit;
- to come from an Italian municipality with a population exceeding 2,000 inhabitants;
- to come from another country.
Intensity of the contribution
The resources allocated for this project for the year 2019 are €488,510.49, while the total economic benefit for each beneficiary is €24,000.00 spread in equal proportions of €8,000.00 over 3 years. Candidates undertake the obligation to keep their local business activity for at least 2 years after the 3 years in which they received the economic benefit.
How to submit your Application?
The application must be sent, under penalty of exclusion, by certified email address with all the required documents, by no later than 30th November 2019 at 12:00pm (CET). It would be advisable to seek assistance of a team of expert real estate and immigration lawyers to increase your chances of a successful application.
It is definitely time to relocate to Italy through this interesting benefit project!
Should you wish to receive any further information about this project please do not hesitate to contact our Real Estate Department at email@example.com