The elective residency visa allows foreigners who plan to reside in Italy to stay for an extended period and live permanently in Italy. Eligible applicants must fulfil several criteria, among which is the demonstration of financial self-sufficiency that is not dependent on paid work in Italy or elsewhere.
For qualification, persons are required to provide verified evidence of accommodation (either for purchase or rent) in Italy and a consistent income of over 32,000 EURO, which is expected to remain constant in the future.
The income should come from stable asset-based earnings (such as annuities, and pensions), property ownership (rental incomes), steady economic-financial activities, or other non-employment sources.
The procedure can be broken down into these three phases for the residence permit in Italy:
Please note that buying a property does not provide you with a visa or any legitimate immigration status in Italy. Connect to our lawyers in Italy to understand how you can work and/or study in Italy effectively (and stay beyond the 90-day rule of the visa waiver program).
The process of acquiring the elective residence visa requires filling out the appropriate application form and submitting the required supplementary documents requested by the Italian consulate. The consulate reviews the application package and grants the visa within a 90-day period; however, the processing duration typically ranges from four to eight weeks, contingent on the Consulate’s workload, the season, and the nationality of the applicant.
The applicant is required to present assets from a portfolio. The Consulate may request original financial records from banking institutions, investment firms, or social security, all reflecting current balances. It’s important to understand that these balances should not be calculated from current employment or any other professional activities. The Italian Authorities’ decision hinges on demonstrating a significant sum of money. Even when the minimum income requirement stipulated by the Ministry of Interior is satisfied, visa issuance is not guaranteed. Each Consulate assesses applications individually and holds the discretionary authority to make any further requests. Click here to inquire about the Italy elective residence program.
Once the Elective Residence Visa has been granted, the individual can travel to Italy and must apply for the Residence Permit, also known as “Permesso di Soggiorno”, within eight days of entry. You can apply at any Post Office by providing specific forms and necessary documents. Once the application is lodged, the Post Office will promptly provide a receipt, acting as evidence of submission, which is recognized as a temporary stay permit.
Typically, after a few months from the application date, the applicant is called in for an identification (fingerprinting) and document-gathering session at the closest Police Station.
The process then requires several months (based on the municipality) to receive the actual Residence Permit card. Upon issuance of the Residence Permit, the immigration procedure is completed, and the applicant attains legitimate legal status in Italy.
The last action required from the applicant (if they intend to reside in Italy for over 6 months annually), is to register their personal residential address in Italy at the local Town Hall. Although not all nations follow the same protocol, it is mandatory for Italians and newcomers to register at the City Hall of their place of residence to confirm their presence and immigration status.
This can be accomplished immediately after the receipt of the Residence Permit Card. This registration will facilitate several activities, such as: opening a regular bank account; purchasing a vehicle; obtaining an Italian Identity Card (Carta d’Identità);
An elective residency visa is a permit that enables non-Italians to live permanently in Italy. Eligible applicants must fulfill several criteria, among them is the demonstration of financial self-sufficiency that is not dependent on paid work.
You must submit your application to the relevant Italian consulate in your region. Once you have your visa, you will be able to enter the country and file for the Residence Permit within a limited time frame.
You can apply for Italian citizenship after you have lived in Italy for 10 years. Additional requirements apply, such as a minimum language proficiency.
Anyone who can demonstrate a consistent passive income. Possible sources could be rental incomes, Social Securities, annuities, pensions, interests, and/or dividends generated from stocks and bonds, etc.
Individual applicants must prove they earn a minimum of 32,000 EUR. Different amounts are required if you have family members.
No, you are not allowed to engage in any work-related activities.
Global Immigration Partners PLLC is a specialized immigration law firm. Through our international presence we have specialist knowledge of the specific procedures in multiple embassies and consulates around-the-world.Book a free consultation