Minimum Investment
From €250,000
Guaranteed Return
3% per annum for 10 years
Capital Appreciation Potential
An estimated 4% - 7% per annum
Book A PresentationA Premier Residential & Hospitality Investment in Italy
For investors seeking to both diversify their investment portfolio and acquire residency in Italy the Italian Hospitality SICAF stands out as a unique opportunity. The SICAF is regulated by the Bank of Italy and provides exposure to the booming hospitality sector in Italy. An investment into the fund of €500,000 allows the investor to qualify for the Italian Golden Visa Program.
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Investment Type: A Bank of Italy-regulated SICAF (Società di Investimento a Capitale Fisso).
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Minimum Investment: €500,000 to qualify for the Italian Golden Visa.
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Lock-Up Period: 5 years, aligning with Italy’s Golden Visa requirements.
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Investment Focus: High-end hospitality real estate, including hotels, serviced residences, and commercial spaces.
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Tourism Growth: Italy’s Travel & Tourism sector is projected to contribute €269.9 billion to the economy by 2034, making up 12.6% of the country’s GDP, according to the World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research.
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Management Team: Overseen by Gamma Capital Markets, with key advisors including Deloitte, BDO Italia, and Colliers Italia.
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Real Estate Assets: A diversified portfolio across prime Italian locations targeting long-term growth.
The Opportunity: The Italian Tourism Boom
The Italian hospitality and tourism sector is growing rapidly and according to the The World Travel & Tourism Council’s 2024 Economic Impact Research forecasts that the sector will reach €215 billion amounting to more than 13% of the entire Italian Economy. In 2034 this number is expected to increase to €270 billion and the creation of more than 3.5 million jobs.
Unlike traditional investment funds, the Italian Hospitality SICAF allows investors to directly contribute to Italy’s economy by investing in its booming tourism sector.
Request InformationThe SICAF represents paradigm shift in investment-linked residency programs.” – Stefano, Partner at Deloitte Italy

An Experienced Management Team
The companies success is anchored by its highly skilled management and advisory team, with decades of experience in Italian hospitality. The fund partners with some of the industry’s best advisors, including:
- Gamma Capital Markets – Fund Manager
- BDO Italia – Auditor
- Colliers Italia – Valuation of acquired assets
- Deloitte – Legal advisory and immigration support
As a property-backed fund, DV SICAF offers stability and contributes to Italy’s local economies. Investors benefit from high-level advisory services and a structured investment framework that emphasizes transparency and sustainable growth.
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Comprehensive Visa Application Support
To facilitate a seamless residency process, DV SICAF collaborates with Deloitte’s immigration team. With a dedicated visa response team in Milan and global support in over 150 countries, Deloitte’s team guides investors from the initial application through to the receipt of their Italian residence permit. Applications are processed within 30-40 days, pending applicant background checks and documentation.
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