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. Our Italian partners offer a comprehensive, end to end advisory service, covering advice and assistance at every step of your application process. Book an appointment at the Italian embassy or consulate in your country which is responsible for your jurisdiction. While the program does not have a stated minimum net worth requirement, this criterion is factored in holistically and on a case-by-case basis. 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. 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. This type of residence permit is one of the simplest ways of immigrating to Italy. Residence-by-Investment Overview. 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. Your residence permit will be issued for one to two years, after which you have the opportunity to renew it. The Italy Residence-by-Investment Program is designed for foreign investors who are committed to making a significant contribution to the country’s economy, granting them Italian residence and visa-free access to Europe’s Schengen Area. from online affiliate marketing, may be appraised by the Italian authorities on a case by case basis. Significantly, the program does not require a minimum capital investment to gain Italian residency, making it an excellent alternative to the Italian Investor Visa and startup program for those who can meet the minimum eligibility criteria. Benefit from a electronic solution to create, edit and sign contracts in PDF or Word format online. 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. Passive income derived from non-conventional sources, e.g. 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. The Elective residence Visa Italy can be applied for by any person who may wish to travel to Italy and has financial means. Existing financial resources (liquid capital assets, savings, etc.) The elective residence visa is intended for foreigners who wants to live in Italy without an employment contract. 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. Residence permit for the Italy Elective Residency Visa, non-EU nationals who are exempt from holding a Schenegn visa to Italy. On the date of your appointment, show up in person and on time, holding all the required documents. 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. If you would like to enquire about our services please send an email to: immigration@oliverpartners.it The Italian Elective Residence visa (Residenza Elettiva) is for non-EU nationals who wish to reside permanently in Italy and are able to support themselves autonomously without the need of employment.The applicant for an Elective Residence visa is not permitted to work or seek … This category is restricted to applicants who have already bought a real estate in Italy under their name. The Italian elective residency visa is one of the “cheapest” immigration visas for Italy because of the amount of money necessary as proof of living. 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. 4. Get the residence permit application kit from a local post office where you will live. This article is a guide on how non-EU nationals can retire to Italy, or otherwise move there permanently without working. information, put and request legally-binding digital signatures. These funds cannot come from active work while you are in Italy, but rather from savings, investments, or pensions. Your Name (required), Your Passport - Issuing Country (required), Your Spouse's Passport - Issuing Country (required), What is your passive income per month (in euro?) At the outset, it must be noted that application approval for the Elective Residence Visa is by no means guaranteed. 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. This is why it is often referred to as an Italy retirement visa. The Italian Elective Residence Visa allows financially self-sufficient foreign nationals to gain settlement rights in Italy without the need to make a significant capital investment (unless they wish to).In order to be eligible for Italian Elective Residence, applicants cannot merely be wealthy. (required), What is the source of your passive (non-salaried) income? Once you obtain an Italy Elective Residence Visa, you can enter Italy where you will have to promptly apply for an Italian Residence Permit. In accordance with the provisions outlined in the current legislation (MAE Decree n. 850 dated 2011, Art. This means that if you apply for an Italian Elective Residency Visa, you cannot take up any sort of work in Italy. These funds cannot come from active work while you are … Furthermore, the Italian authorities must be satisfied that your source of income can reasonably be expected to continue over time. The Italian Elective Residence Visa is for foreigners – retired persons, persons with high self-sustaining incomes and financial assets - who have chosen Italy as the country of permanent residence and who are able to support themselves autonomously, without having to rely on employment while in Italy, whether as dependent employees, as self-employed employees or employees working remotely online. After having held Elective Residency status for a period of 5 years, you may become eligible to apply for permanent Italian residency. It is therefore of paramount importance to ensure that one’s application and supporting documentation conform to the exact requirements and technical specifications. You could qualify for Italian residency via the relatively unknown Elective Residence … How to apply for an Italian Elective Residency Visa? Don’t put this off after you arrive. ITALY ELECTIVE RESIDENCE VISA PROGRRAM: Earn a regular passive income of more than €3,160 per month from annuities, pension, royalties or rental income? The Italian elective residency visa is a type of Italian long-stay visa. After living in Italy with a permanent residence permit for at least ten years, you can apply for Italian citizenship. The application for the visa is filed at the Italian Consulate which has jurisdiction over the applicant’s place of With regards to the Elective Residence visa, this type of visa is intended for those who are looking to permanently relocate to Italy and have sufficient funds (not deriving from work activities, but deriving from pensions or investments) to support themselves. The Elective Residence visa is not intended for extended tourism/vacation. governmental discretion can play a major role in this process, no singular body of authoritative government guidance. 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. You have to apply for a residence permit for Italy regardless of the reason you want to live there, like work or study. Italian Elective Residence Visa. 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. The Italian Elective Residence Visa is for foreigners – retired persons, persons with high self-sustaining incomes and financial assets – who have chosen Italy as the country of permanent residence and who are able to support themselves autonomously.. What is the Italy 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). 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. Make your application at the post office (same place you’ll get your application “kit”, unless you work through a free service provided by some unions), and that’s where your appointment with the questura will be made. 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