After having held Elective Residency status for a period of 5 years, you may become eligible to apply for permanent Italian residency. information, put and request legally-binding digital signatures. The elective residence visa is intended for foreigners who wants to live in Italy without an employment contract. Italy has a mild climate, great food, and a high quality of life. 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. Reason of application and length. If you want to obtain a “family residency”, you also need to include the visa for each family member, of course. 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. 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 … For each dependent child being added to the application, the minimum required amount increases by 20%. These funds cannot come from active work while you are … Book an appointment at the Italian embassy or consulate in your country which is responsible for your jurisdiction. 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 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. ELECTIVE RESIDENCE FOR FOREIGN NATIONALS NOT BELONGING TO THE EUROPEAN UNION. italian elective residence visa. The Italian elective residency visa is a type of Italian long-stay visa. Your Name (required), Your Passport - Issuing Country (required), Your Spouse's Passport - Issuing Country (required), What is your passive income per month (in euro?) 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. 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. 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. Among the requirements to fulfill in order to obtain an elective residence visa is to have health insurance worth 30,000 euros. Existing financial resources (liquid capital assets, savings, etc.) Italy Elective Residency Visa requirements. In addition, they can also advise and assist on property acquisitions and the transfer process, should you elect to buy a property in Italy. 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. The elective residence visa in Italy. 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. 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. Italian Elective Residence Visa. As such, many foreign nationals make the decision to retire in Italy. Who Needs an Italy Elective Residence Visa to Retire in Italy? 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. 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). Once you’ve made it through the Italian Elective Residency Visa process, your next step is applying for your permesso di soggiorno in Italy. What is the Italy Elective Residency Visa? Complete the application kit, and submit it (along with photocopies all the required documents) back at the post office. 4. Submit the below contact form to request a free consultation, or find out more about the 2020 program criteria below…. This type of residence permit is one of the simplest ways of immigrating to Italy. 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. This is why it is often referred to as an Italy retirement visa. In accordance with the provisions outlined in the current legislation (MAE Decree n. 850 dated 2011, Art. Check here to see what an Italian Permit to Stay looks like. The only visa available for an individual who is seeking permanent residency in the country without need to work is the “elective residence 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. 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