ELECTIVE RESIDENCE FOR FOREIGN NATIONALS NOT BELONGING TO THE EUROPEAN UNION. 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. Convert them into templates for multiple use, include fillable fields to collect recipients? Italy, differently from other EU countries, does not have a specific “residency by investment program”. Don’t put this off after you arrive. 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. 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. Once you obtain an Italy Elective Residence Visa, you can enter Italy where you will have to promptly apply for an Italian Residence Permit. 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). 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 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. Furthermore, the Italian authorities must be satisfied that your source of income can reasonably be expected to continue over time. 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. On the date of your appointment, show up in person and on time, holding all the required documents. ERV applications must be submitted to the Italian embassy or consulate in the applicant’s home country. 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. 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. Your Name (required), Your Passport - Issuing Country (required), Your Spouse's Passport - Issuing Country (required), What is your passive income per month (in euro?) Check here to see what an Italian Permit to Stay looks like. 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. 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. It is therefore of paramount importance to ensure that one’s application and supporting documentation conform to the exact requirements and technical specifications. Individuals travelling to Italy with the purpose of Elective Residence can apply for National Visa. Our Italian partners offer a comprehensive, end to end advisory service, covering advice and assistance at every step of your application process. Download, complete, and sign the Italy Long-Stay Visa Application Form. 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. Please note that applicants applying for a Elective Residence visa are required to provide documents according to this category. Clear program guidance is hard to obtain, and the Italian bureaucracy can be hard to navigate. 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. 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. 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. (required). 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 Elective Residency Visa allows to a third-country national who is able to maintain itself autonomously, to stay in Italy without work. The only visa available for an individual who is seeking permanent residency in the country without need to work is the “elective residence visa” These funds cannot come from active work while you are in Italy, but rather from savings, investments, or pensions. Book an appointment at the Italian embassy or consulate in your country which is responsible for your jurisdiction. Existing financial resources (liquid capital assets, savings, etc.) 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. 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 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. The application for the visa is filed at the Italian Consulate which has jurisdiction over the applicant’s place of 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. 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. 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 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. 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. 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. You could qualify for Italian residency via the relatively unknown Elective Residence … The elective residency visa is NOT for extended tourism. 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). The Elective residence Visa Italy can be applied for by any person who may wish to travel to Italy and has financial means. This means that if you apply for an Italian Elective Residency Visa, you cannot take up any sort of work in Italy. Who Needs an Italy Elective Residence Visa to Retire in Italy? This category is restricted to applicants who have already bought a real estate in Italy under their name. Complete the application kit, and submit it (along with photocopies all the required documents) back at the post office. 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. It is the permit which actually allows you to live in Italy for longer than 90 days. 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. governmental discretion can play a major role in this process, no singular body of authoritative government guidance. 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. Residence-by-Investment Overview. 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. 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. 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 … (required), What is the source of your passive (non-salaried) income? 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. Reason of application and length. At the outset, it must be noted that application approval for the Elective Residence Visa is by no means guaranteed. 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. The elective residence visa is intended for foreigners who wants to live in Italy without an employment contract. After living in Italy with a permanent residence permit for at least ten years, you can apply for Italian citizenship. This is why it is often referred to as an Italy retirement visa. Please leave this field empty. 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. 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. Benefit from a electronic solution to create, edit and sign contracts in PDF or Word format online. 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. stable … 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. I just received my “Elective Residence” visa from the Italian Consulate in the U.S. This type of visa is generally used by foreigners who are retired and can collect income from a retirement or pension plan. 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