Your Name (required), Your Passport - Issuing Country (required), Your Spouse's Passport - Issuing Country (required), What is your passive income per month (in euro?) The Elective Residence Visa is generally issued for a period of 12 months, although it has in some historical instances been issued for an initial period of 48 months. An entry visa must be converted into a residence permit within 8 days of arrival in Italy, as is the case for all other types of extended stay visas. The visa is annually renewable, provided that your financial situation has not changed, and that you still meet all of the program’s minimum requirements. 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 … Please leave this field empty. ITALY ELECTIVE RESIDENCE VISA PROGRRAM: Earn a regular passive income of more than €3,160 per month from annuities, pension, royalties or rental income? 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. Get the residence permit application kit from a local post office where you will live. How to apply for an Italian Elective Residency Visa? Demand for the Italian Elective Residence Visa Program has increased exponentially since 2019, however: Over 2,500 independently submitted applications are rejected every month; Over 93% of independent applications are submitted incompletely or incorrectly. Reason of application and length. 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. Once you’ve made it through the Italian Elective Residency Visa process, your next step is applying for your permesso di soggiorno in Italy. 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. Your residence permit will be issued for one to two years, after which you have the opportunity to renew it. information, put and request legally-binding digital signatures. This type of visa is generally used by foreigners who are retired and can collect income from a retirement or pension plan. (required). Complete the application kit, and submit it (along with photocopies all the required documents) back at the post office. 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. 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). 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. For each dependent child being added to the application, the minimum required amount increases by 20%. 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. The Italian elective residency visa is a type of Italian long-stay 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. If your country does not have an Italian embassy or consulate, you can submit the application at the embassy/consulate of the other Schengen country that Italy has outsourced visa submissions to, or a Visa Application Center. And retiring in Italy is made not only possible, but easier, through the Italian Elective Residency Visa. It is the permit which actually allows you to live in Italy for longer than 90 days. I leave for Italy next month. Residence-by-Investment Overview. 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. Individuals travelling to Italy with the purpose of Elective Residence can apply for National Visa. This article is a guide on how non-EU nationals can retire to Italy, or otherwise move there permanently without working. I just received my “Elective Residence” visa from the Italian Consulate in the U.S. Italy has a mild climate, great food, and a high quality of life. Italy Elective Residency Visa requirements. Among the requirements to fulfill in order to obtain an elective residence visa is to have health insurance worth 30,000 euros. The Italian elective residency visa is a type of Italian long-stay visa. This means that if you apply for an Italian Elective Residency Visa, you cannot take up any sort of work in Italy. The application for the visa is filed at the Italian Consulate which has jurisdiction over the applicant’s place of 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. Don’t put this off after you arrive. In accordance with the provisions outlined in the current legislation (MAE Decree n. 850 dated 2011, Art. Please note that applicants applying for a Elective Residence visa are required to provide documents according to this category. 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. Existing financial resources (liquid capital assets, savings, etc.) 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. 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. The application process goes as follows: Within eight days of travelling to Italy, you must apply for an Italian Residence Permit (permesso di soggiorno). Residence permit for the Italy Elective Residency Visa, non-EU nationals who are exempt from holding a Schenegn visa to Italy. 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. 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. 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. What is the Italy Elective Residency Visa? After living in Italy with a permanent residence permit for at least ten years, you can apply for Italian citizenship. Foreign citizens who want to retire and live permanently in Italy can apply for an elective visa. 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. 4. Benefit from a electronic solution to create, edit and sign contracts in PDF or Word format online. Check here to see what an Italian Permit to Stay looks like. 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. 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. from online affiliate marketing, may be appraised by the Italian authorities on a case by case basis. governmental discretion can play a major role in this process, no singular body of authoritative government guidance. 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. Any non-EU national who wants to stay in Italy for longer than three months needs to apply for an Italian long-stay visa as well as Italian Residence Permit (Permesso di Soggiorno). You have to apply for a residence permit for Italy regardless of the reason you want to live there, like work or study. 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. ERV applications must be submitted to the Italian embassy or consulate in the applicant’s home country. 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. At the outset, it must be noted that application approval for the Elective Residence Visa is by no means guaranteed. Who Needs an Italy Elective Residence Visa to Retire in Italy? Elective Residency Visa for Italy If you are visiting Italy for a longer period, and can afford to live there without working, you may want to apply for a Visto per Residenza Elettiva o Dimora, or Elective Residence Visa. 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. Once you obtain an Italy Elective Residence Visa, you can enter Italy where you will have to promptly apply for an Italian Residence Permit. Passive income derived from non-conventional sources, e.g. 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. 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.. They will give you a receipt and an appointment for the next phase of the. The elective residence visa in Italy. 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. Convert them into templates for multiple use, include fillable fields to collect recipients? 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. The Italian Elective Visa (General Information) An Elective Residence Visa (ERV) allows non-EU citizens to reside in Italy. Requirements for obtaining an Italian elective residency visa This is why it is often referred to as an Italy retirement visa. Another challenge associated with the program is that there exists. It is therefore highly advisable that individuals wishing to apply for elective residency work closely with a seasoned Italian immigration law firm to ensure the best chances of success. Download, complete, and sign the Italy Long-Stay Visa Application Form. 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. CAPE TOWN: +27 21 825 9730 | LISBON: +351 300 509 612 | JOHANNESBURG: +27 11 083 7418 | LONDON: +44 208 089 1803 | DUBAI: Montenegro Citizenship By Investment 2021, Elective Residence Visa Italy: Ultimate Application Guide 2020. Furthermore, the Italian authorities must be satisfied that your source of income can reasonably be expected to continue over time. 13 attachment A), it is possible to issue national visas for elective residence to those intending to settle in Italy and who are able to support themselves autonomously. 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. When you submit an application for an Italy Elective Residency Visa, you must have a set of documents proving you are eligible to receive it. (required), What is the source of your passive (non-salaried) income? 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. In addition, they can also advise and assist on property acquisitions and the transfer process, should you elect to buy a property in 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. italian elective residence visa. The Elective Residency Program Ideally suited to non-EEA nationals who rely on passive income and don’t need to work to support themselves and their dependent family members. The elective residency visa is NOT for extended tourism. Italian Elective Residence Visa. 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. 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. ELECTIVE RESIDENCE FOR FOREIGN NATIONALS NOT BELONGING TO THE EUROPEAN UNION. 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. Clear program guidance is hard to obtain, and the Italian bureaucracy can be hard to navigate. On the date of your appointment, show up in person and on time, holding all the required documents. 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. Submit the below contact form to request a free consultation, or find out more about the 2020 program criteria below…. The Elective residence Visa Italy can be applied for by any person who may wish to travel to Italy and has financial means. The Elective Residency Visa allows to a third-country national who is able to maintain itself autonomously, to stay in Italy without work. stable … 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. 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. The elective residence visa is intended for foreigners who wants to live in Italy without an employment contract. Our Italian partners offer a comprehensive, end to end advisory service, covering advice and assistance at every step of your application process. 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. 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. 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. You could qualify for Italian residency via the relatively unknown Elective Residence … These funds cannot come from active work while you are in Italy, but rather from savings, investments, or pensions. 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. This category is restricted to applicants who have already bought a real estate in Italy under their name. 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” Book an appointment at the Italian embassy or consulate in your country which is responsible for your jurisdiction. After having held Elective Residency status for a period of 5 years, you may become eligible to apply for permanent Italian residency. As such, many foreign nationals make the decision to retire in Italy. The Elective Residence visa is not intended for extended tourism/vacation. Apart from the Italian Investor Visa and Startup Visa options, there also exists a lesser-known alternative: The Italian Elective Residence Visa Program (Residenza Elettiva). 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 process for applying for an Italian Residence permit is as follows: See a more detailed guide on how to apply for an Italian Residence Permit here. 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. This means, even the non-EU nationals who are exempt from holding a Schenegn visa to Italy must obtain an Elective Residence Visa (and any other type of long-stay visa). Do the job from any device and share docs by email or fax. This type of residence permit is one of the simplest ways of immigrating to Italy. If you want to obtain a “family residency”, you also need to include the visa for each family member, of course. Italy, differently from other EU countries, does not have a specific “residency by investment program”. Who can apply for it? 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