Introducing Dolce Visa SICAF, The Italian Investor Visa Eligible Real Estate Fund Targeting Hotel Assets.
PROJECTED YIELD: 15% IRR*…
*Based on 10-year fund lifecycle.
The Dolce Visa Fund targets prime, cash-flowing Italian hospitality assets – without taking construction, licensing, or operating risks.
THE DOLCE VISA FUND OFFERING AT A GLANCE…
Pre-approved investment option for the Italian Investor Visa program.
Capital deployed to renovate/expand existing luxury hotels in prime locations.
Fund size: €200 million (€10.5 million raised in first 6 weeks).
Contributed share capital: €3 million.
Highly regulated Italian Alternative Investment Fund (SICAF).
10-Year fund with a lock-up period of 5 years.
Residency approved and issued before any capital has to be committed.
Complete the whole application process in just 3-4 months.
90 Days to complete your investment from date of residency issuance.

Italy’s Investor Visa delivers everything a Golden Visa should – a powerful Plan B residency with no minimum stays, but with lower costs, a faster application process, and no need to invest before getting your residency approved…
And thanks to the recent approval of the first Real Estate Investment Fund targeting prime, cash-flowing hospitality assets, Investor Visa applicants can now also enjoy attractive targeted returns (15% IRR projected)…
European Golden Visa investors, by and large, value the same 5 things:
Capital preservation. Meaningful yields. Hard asset backing. Predictable residency outcomes. And a clear exit strategy.
And this Italian Investor Visa eligible Real Estate Fund, which invests in upgrading Italian hotels, has made it their mission to tick all of these boxes – and then some…
This highly regulated Alternative Investment Fund (SICAF structure), offering exposure to prime, cash-flowing real estate assets in the booming Italian hospitality sector, and offering a clear exit strategy, speaks directly to what visa investors want.
Why 2025 is shaping up to be the year of the Italian Investor Visa…
In 2023, Portugal scrapped its real estate option entirely. And Greece has now twice – in under two years – increased their minimum pricing to fight local property price inflation. Plus, Spain recently announced their intention to shutter the Spanish Golden Visa in its entirety by as early as the first quarter of 2025.
So going forward, as the adage goes, all roads will increasingly lead to Rome.
We are already seeing a significant increase in Italian Investor Visa enquiries from successful real estate entrepreneurs, startup founders, and early crypto winners seeking to give their families greater optionality, and protect what they’ve worked a lifetime to build.
And we invite you to join the growing number of future-conscious investors locking in the optionality of an Italian Plan B – before they actually end up needing it…
Let’s compare DV SICAF against its primary competitor – the Ariete Capital Stock Portfolio Option – below…
DV SICAF (Italian Real Estate Fund) Vs
Ariete Capital (Large-Cap Stock Portfolio)
Key Features | Ariete Capital | DV SICAF |
---|---|---|
Minimum Capital Requirement | €500,000 | €500,000 |
Capital Size | Phase I: €7.5 Million; Phase II: €15 Million; Phase III: €30 Million; | €200 Million |
Focus | Large-cap, “evergreen” Italian stocks | High-yield hotels and luxury hospitality assets |
Onboarding/Subscription Fee | 2.5% of contributed capital (€500,000 (12,4500) | 0% |
Projected Yield | 9-11% (net) | 15% IRR |
Minimum Capital Lockup | Annual Liquidity | 5 Years (10-Year Fund) |
Annual Management Fee | 1% | <1% |
Auditor | Deloitte | BDO Italia |
Why Choose Our Services?
IN-COUNTRY PROGRAM EXPERTS
Highly experienced team of investment migration, property development and hospitality experts based in Rome, Venice and Milan.
EXCLUSIVE PROJECT ACCESS
We are a single-source supplier for this real estate fund option focussing on the high-end hospitality market.
MEANINGFUL PROJECTED RETURNS
Unlike with most Golden Visa investments, with this hospitality fund, you can expected to earn a projected return of 15% IRR.
CLEAR
EXIT
STRATEGY
While the fund has a 10-year lifecycle, exits are possible after just 5 years, making flexibility part of the deal.
Make La Dolce Vita yours in 2025. To get started on your Italian Investor Visa application, contact us today.
Simply complete the below form to request contact from one of our senior program specialists. Our Zoom booking link will load upon submission of the form.

Contact Us Now For More Information
Email: contact@goldenvisas.it
Telephone: + 39 800 126 388
Address: Via Durini 25B, 20122, Milano, Italia
Web: www.goldenvisas.it
Italy Investor Visa – DV SICAF: Overview Compiled By…
Born in Cape Town, South Africa, Andre Bothma is a seasoned digital entrepreneur specializing in European Residency By Investment programs (and the Italy Investor Visa, in particular).
After graduating from Rhodes University in 2002, he spent two decades building a career in online marketing.
He also previously served as national marketing director for the official political opposition in South Africa.
Given the challenges faced by the Portuguese Golden Program in recent years, many North American Plan B seekers have started looking at alternative European Golden Visa options.
And, going into 2025, the Italian Investor Visa is arguably the most underrated program of its kind.
With these factors in mind, Andre launched GoldenVisas.it with a view to give foreign Plan B investors access to the information and opportunities they need to secure their Italian back-up plan – discretely, securely, and hassle-free.
Andre is a prolific writer on investment migration, and has been advising an international client base on their European Residency and Citizenship By Investment options since 2017.
He splits his time between Porto, Cape Town, and increasingly, Milan.