With the dual citizenship trend gathering pace, aspiring immigrants are keen to join the bandwagon. After all, nothing sounds more exciting than the freedom of living as a global citizen with double the rights and privileges. Italy is among the most-loved immigration destinations as it offers an excellent lifestyle and benefits to its citizens. Think beyond living an incredible life in the country because you can unlock lucrative business opportunities here. But knowing your facts gives you an advantage as an entrepreneur. As a start, you can get a consultation on Dual Italian Citizenship on mbersanilaw.com to choose the appropriate route. We also have some more valuable business advice for aspiring immigrants.
Pick the apt alternative
Before planning for your Italian business, you must chart a roadmap for immigration. The good thing is that you have multiple alternatives, but you may have a hard time deciding on the apt one. The eligibility criteria may sound simple, but there is plenty to learn when you dig deep. It is better to seek expert advice in this context. Here are the routes to consider-
Citizenship by descent for aspirants with ancestral roots in the countryCitizenship by marriage for people married to an Italian citizenCitizenship by naturalization for individuals with an extended residence (ten years) in the country
Explore local business opportunities
Once you obtain Italian dual citizenship, you are free to live and work in the country. Since the Italian markets are lucrative, almost every vertical offers alluring opportunities for entrepreneurs. Identify your target customers, check the competitive landscape, and go through the regulations to launch your startups. Also, go through the tax norms of the country. You can collaborate with local experts to guide you for a smooth start and ensure that your business is compliant.
Expand across the EU markets
Another valuable tip for business owners is to consider expansion opportunities across the EU markets. The dual citizenship status entitles you to visa-free travel to Schengen countries, and you can also work in these markets. It is an excellent opportunity to set up a global conglomerate, and you should not miss out on it. Explore the demand for your offering in overseas markets, collaborate with local partners, and set up your business for a global launch.
Create a multi-generational legacy
Italian dual citizenship passes on automatically to the next generations through the Jure Sanguinis rule. So your children, grandchildren, and the next in line will be citizens too. You can bequeath more than one of the best passports to them. Setting up a business in the country is like creating a multi-generational legacy for your loved ones. They can reap the rewards of your effort for the years to come and do their bit to take the company to the next level.
Setting up a business is the best thing you can do after obtaining Italian dual citizenship. You should definitely capitalize on the opportunity that the local markets offer. Think beyond to expand to the EU markets as well.