Many countries in Europe including Hungary, Latvia, Portugal, Spain, and Greece, offer similar programs. Italy’s Investor Visa Program is unique in that it doesn’t offer a residency by real estate investment option (and never had one).
In addition, it is also one of the only programs that allow investors to commit their capital only once their residency cards have been issued (Portugal’s Cultural Golden Visa option, and Hungary’s Guest Investor Visa are the only other European programs to offer this benefit.)