Often referred to as the Italian Retirement Visa; the Elective Residency Visa (residenza elettiva), is mostly used by foreign nationals (Non- EU) who wish to retire in Italy – and have the financial means to support themselves without carrying out any working activity. This means that if you apply for an Italian Elective Residency Visa, you cannot take up any sort of work in Italy. And retiring in Italy is made not only possible, but easier, through the Italian Elective Residency Visa. After living in Italy with a permanent residence permit for at least ten years, you can apply for Italian citizenship. Duration of Elective Residence Visa is 1 year, it is possible to renew it at the local Police Department (Questura), provided that the aforementioned requirements continue existing and, only when the foreigner has not interrupted his residency in Italy for a consecutive period longer than 6 months (exceptions are departures due to compulsory military service or other serious and proved causes). Individuals travelling to Italy with the purpose of Elective Residence can apply for National Visa. The Elective residence Visa Italy can be applied for by any person who may wish to travel to Italy and has financial means. Download, complete, and sign the Italy Long-Stay Visa Application Form. The elective residence permit does not allow to perform any type of work in Italy, and to get it you will need to apply directly at the competent Italian diplomatic mission, showing an annual income of at least € 30,000.00 and the availability of a suitable accommodation in Italy. governmental discretion can play a major role in this process, no singular body of authoritative government guidance. 4. The per-person threshold is significantly lower for married couples, and it is therefore easier to meet the passive income requirements as a married couple than as two individual applicants. On the date of your appointment, show up in person and on time, holding all the required documents. Among all the available Italian long-stay visas, there is a lesser-known type for foreign nationals who want to live in Italy and have the financial means to support themselves without working. Italian Elective Residence Visa. At the outset, it must be noted that application approval for the Elective Residence Visa is by no means guaranteed. Unlike in the instance of an ancestral residency application, there is no enshrined right obliging the Italian authorities to grant an application for elective residence, nor to consider any rejection appeals, for that matter. can serve as multiples of the minimum annual income requirement, yet in recent years the authorities have become less inclined to consider cash lump sums as eligible income – recurring passive income sources are preferred. However, I’m having a major problem trying to figure out where I need to go and what I need to fill out, to acquire a residency permit, once I arrive. Once you have lived in Italy with a temporary residence permit for at least five years, you become eligible to apply for a permanent residence permit. The elective residency visa is NOT for extended tourism. I just received my “Elective Residence” visa from the Italian Consulate in the U.S. Foreign citizens who want to retire and live permanently in Italy can apply for an elective visa. How to apply for an Italian Elective Residency Visa? The application process goes as follows: Within eight days of travelling to Italy, you must apply for an Italian Residence Permit (permesso di soggiorno). The application for the visa is filed at the Italian Consulate which has jurisdiction over the applicant’s place of This type of visa is generally used by foreigners who are retired and can collect income from a retirement or pension plan. This type of residence permit is one of the simplest ways of immigrating to Italy. Elective residents can become eligible to apply for Italian citizenship after 10 years of having obtained and maintained Elective Residency status, however, as is the case with the elective program. The Italian Elective Residence path is well suited as a long-term visa for wealthy retirees with significant annuity or pension based income, or for individuals with stable passive income not stemming from any subordinate work activity (e.g. However, they also need to attach their Entry Visa (visto d’ingresso) when requested by Italian authorities in case there are no specific international bilateral agreements between Italy and your country. ITALY ELECTIVE RESIDENCE VISA PROGRRAM: Earn a regular passive income of more than €3,160 per month from annuities, pension, royalties or rental income? Among the requirements to fulfill in order to obtain an elective residence visa is to have health insurance worth 30,000 euros. This is why it is often referred to as an Italy retirement visa. For each dependent child being added to the application, the minimum required amount increases by 20%. Complete the application kit, and submit it (along with photocopies all the required documents) back at the post office. Your residence permit will be issued for one to two years, after which you have the opportunity to renew it. These funds cannot come from active work while you are … It is therefore of paramount importance to ensure that one’s application and supporting documentation conform to the exact requirements and technical specifications. You have to apply for a residence permit for Italy regardless of the reason you want to live there, like work or study. This is called an Elective Residency Visa (residenza elettiva), and it is mostly used by foreign nationals who wish to retire in Italy – and have the financial means to do so. Italian Elective Residence Visa or VIP-immigration permit, is an immigration visa, that was designed for foreign citizens heaving high passive income (for example, rental activity, trade or business activities in which you do not materially participate or pension) that allows to stay in Italy unlimited period of time, without having a work permit, access to healthcare and education systems. Our Italian supply chain partners are seasoned Italian immigration law practitioners, and can guide you through every step of the application compilation and submission process with ease. After having held Elective Residency status for a period of 5 years, you may become eligible to apply for permanent Italian residency. Convert them into templates for multiple use, include fillable fields to collect recipients? ELECTIVE RESIDENCY VISA (National Visa) The elective residency visa is specifically for persons (especially those who are retired and/or of Italian origin) who wish to reside permanently in Italy and who can demonstrate a stable and ample pension income and high financial resources. Anyone who is not from an EU (European Union) country, or Switzerland, Norway, Iceland, or Lichtenstein, has to apply for an Italian Elective Residence Visa if they want to live in Italy for longer than 90 days without having to work. Existing financial resources (liquid capital assets, savings, etc.) The main two requirements for elective residence visa are: 1) a house to be elected as own residence in Italy; 2) economic means not less than 31.000 Euro. The other costs related to obtaining such a visa are: the health insurance which must cover at least 30,000 euros in medical expenses per year; The Italian elective residency visa is a type of Italian long-stay visa. Book an appointment at the Italian embassy or consulate in your country which is responsible for your jurisdiction. Another challenge associated with the program is that there exists. Who can apply for it? Residence permit for the Italy Elective Residency Visa, non-EU nationals who are exempt from holding a Schenegn visa to Italy. Furthermore, the Italian authorities must be satisfied that your source of income can reasonably be expected to continue over time. Boasting years of experience in the facilitation of Elective Residency applications, they can help you avoid all the potential pitfalls and ensure that your application is as fast and seamless as possible. Don’t put this off after you arrive. information, put and request legally-binding digital signatures. The elective residence (residenza elettiva) route allows entry into Italy to foreigners who intend to relocate to Italy permanently and who are able to do so by financially supporting themselves autonomously, without the need for employment. A visa for Elective Residence is valid for 1 year after which the visa can be renewed at the relevant police headquarters provided that the original requirements are still valid. In accordance with the provisions outlined in the current legislation (MAE Decree n. 850 dated 2011, Art. Do the job from any device and share docs by email or fax. Please note that applicants applying for a Elective Residence visa are required to provide documents according to this category. It is the type of Italian visa you must apply for if you want to permanently relocate to Italy and have sufficient funds to provide for yourself. It is the permit which actually allows you to live in Italy for longer than 90 days. (required), What is the source of your passive (non-salaried) income? You could qualify for Italian residency via the relatively unknown Elective Residence … Once you obtain an Italy Elective Residence Visa, you can enter Italy where you will have to promptly apply for an Italian Residence Permit. Residence-by-Investment Overview. Government discretion plays a large role in application appraisals, and without the help of an expert Italian immigration lawyer, the risk of rejection can be high. The only visa available for an individual who is seeking permanent residency in the country without need to work is the “elective residence visa” The requirements for an Italy Elective Residence Visa are: Just like with other types of Italian visas, you have to apply for it at the Italian embassy or consulate in your home country. The Elective Residence Visa Italy (residenza elettiva in italian language) allows entry into Italy for an open long-term visit to foreigners who intend to relocate to Italy and who are able to do so by financially supporting themselves autonomously, without the need for employment. stable … italian elective residence visa. In addition, they can also advise and assist on property acquisitions and the transfer process, should you elect to buy a property in Italy. This article is a guide on how non-EU nationals can retire to Italy, or otherwise move there permanently without working. A third-country national who has a regular personal income that derives from retirement or annuity, real estate properties, the ownership of stable commercial economic activities or other economic resources different from the employment. About the first requirement, it's not necessary to be the owner of the house, because also a rental contract is sufficient in order to demonstrate the availability of a house in Italy. Italy Elective Residency Visa requirements. from online affiliate marketing, may be appraised by the Italian authorities on a case by case basis. Applying for Elective Residence Visa Although they need to be double-checked each time with the relevant Consulate in country of residence, all applications for this type of visa generally require the following documents: Passport or official travel document valid for at least 3 months beyond the validity date of the visa requested. Once you’ve made it through the Italian Elective Residency Visa process, your next step is applying for your permesso di soggiorno in Italy. Please leave this field empty. If you are not from the EU or one of the other aforementioned countries, you cannot apply for an Italian residence permit if you are not holding an Italian long-stay visa. The elective residence visa is intended for foreigners who wants to live in Italy without an employment contract. The Permit to Stay for an Italian Elective Residence Visa usually is issued for two full years starting from your Permit to Stay issue date, regardless of the Elective Residence Visa expiration date. The Elective Residency Visa allows to a third-country national who is able to maintain itself autonomously, to stay in Italy without work. Italian retirement visa (Elective Residency Visa) is mostly used by foreign nationals who wish to retire in Italy – and have the financial means to support themselves without carrying out any working activity. Submit the below contact form to request a free consultation, or find out more about the 2020 program criteria below…. 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