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 … They will give you a receipt and an appointment for the next phase of the. 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. 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. Who Needs an Italy Elective Residence Visa to Retire in Italy? Existing financial resources (liquid capital assets, savings, etc.) It is the permit which actually allows you to live in Italy for longer than 90 days. 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. 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, without having to rely on employment while in Italy, whether as dependent employees, as self-employed employees or employees working remotely online. 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. I just received my “Elective Residence” visa from the Italian Consulate in the U.S. The elective residency visa is NOT for extended tourism. ERV applications must be submitted to the Italian embassy or consulate in the applicant’s home country. 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 residency visa is a type of Italian long-stay visa. This type of visa is generally used by foreigners who are retired and can collect income from a retirement or pension plan. 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. 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. 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. 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. Foreign citizens who want to retire and live permanently in Italy can apply for an elective visa. On the date of your appointment, show up in person and on time, holding all the required documents. (required), What is the source of your passive (non-salaried) income? This type of residence permit is one of the simplest ways of immigrating to Italy. 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 Elective Residency Visa allows to a third-country national who is able to maintain itself autonomously, to stay in Italy without work. Please leave this field empty. 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. Another challenge associated with the program is that there exists. 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. For each dependent child being added to the application, the minimum required amount increases by 20%. 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 application for the visa is filed at the Italian Consulate which has jurisdiction over the applicant’s place of Italy Elective Residency Visa requirements. 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. 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. 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. Italy has a mild climate, great food, and a high quality of life. 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. 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. I leave for Italy next month. 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. 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 application process goes as follows: Within eight days of travelling to Italy, you must apply for an Italian Residence Permit (permesso di soggiorno). 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. After having held Elective Residency status for a period of 5 years, you may become eligible to apply for permanent Italian residency. Your Name (required), Your Passport - Issuing Country (required), Your Spouse's Passport - Issuing Country (required), What is your passive income per month (in euro?) This means that if you apply for an Italian Elective Residency Visa, you cannot take up any sort of work in Italy. Requirements for obtaining an Italian elective residency visa Please note that applicants applying for a Elective Residence visa are required to provide documents according to this category. 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. 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). 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. 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. How to apply for an Italian Elective Residency Visa? 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 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. Italian Elective Residence Visa. The Italian elective residency visa is a type of Italian long-stay visa. 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. Among the requirements to fulfill in order to obtain an elective residence visa is to have health insurance worth 30,000 euros. (required). 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. 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 article is a guide on how non-EU nationals can retire to Italy, or otherwise move there permanently without working. 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.. Residence-by-Investment Overview. In addition, they can also advise and assist on property acquisitions and the transfer process, should you elect to buy a property in Italy. The only visa available for an individual who is seeking permanent residency in the country without need to work is the “elective residence visa” 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 Elective Residence visa is not intended for extended tourism/vacation. 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; 4. italian elective residence visa. Book an appointment at the Italian embassy or consulate in your country which is responsible for your jurisdiction. from online affiliate marketing, may be appraised by the Italian authorities on a case by case basis. 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. Furthermore, the Italian authorities must be satisfied that your source of income can reasonably be expected to continue over time. 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. What is the Italy Elective Residency 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. 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. 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 why it is often referred to as an Italy retirement visa. And retiring in Italy is made not only possible, but easier, through the Italian Elective Residency Visa. This category is restricted to applicants who have already bought a real estate in Italy under their name. 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. After living in Italy with a permanent residence permit for at least ten years, you can apply for Italian citizenship. 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. 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. 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. Get the residence permit application kit from a local post office where you will live. 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. information, put and request legally-binding digital signatures. 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). Our Italian partners offer a comprehensive, end to end advisory service, covering advice and assistance at every step of your application process. It is therefore of paramount importance to ensure that one’s application and supporting documentation conform to the exact requirements and technical specifications. Residence permit for the Italy Elective Residency Visa, non-EU nationals who are exempt from holding a Schenegn visa to Italy. 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. Once you obtain an Italy Elective Residence Visa, you can enter Italy where you will have to promptly apply for an Italian Residence Permit. 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. 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. 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 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. In accordance with the provisions outlined in the current legislation (MAE Decree n. 850 dated 2011, Art. Benefit from a electronic solution to create, edit and sign contracts in PDF or Word format 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. These funds cannot come from active work while you are … At the outset, it must be noted that application approval for the Elective Residence Visa is by no means guaranteed. Reason of application and length. 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. 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. As such, many foreign nationals make the decision to retire 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. If you want to obtain a “family residency”, you also need to include the visa for each family member, of course. These funds cannot come from active work while you are in Italy, but rather from savings, investments, or pensions. Submit the below contact form to request a free consultation, or find out more about the 2020 program criteria below…. Don’t put this off after you arrive. Download, complete, and sign the Italy Long-Stay Visa Application Form. 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. 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. stable … ELECTIVE RESIDENCE FOR FOREIGN NATIONALS NOT BELONGING TO THE EUROPEAN UNION. Your residence permit will be issued for one to two years, after which you have the opportunity to renew it. 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. Italy, differently from other EU countries, does not have a specific “residency by investment program”. Passive income derived from non-conventional sources, e.g. Check here to see what an Italian Permit to Stay looks like. The Italian Elective Visa (General Information) An Elective Residence Visa (ERV) allows non-EU citizens to reside in Italy. Do the job from any device and share docs by email or fax. 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. Convert them into templates for multiple use, include fillable fields to collect recipients? Complete the application kit, and submit it (along with photocopies all the required documents) back at the post office. The elective residence visa is intended for foreigners who wants to live in Italy without an employment contract. The elective residence visa in Italy. Clear program guidance is hard to obtain, and the Italian bureaucracy can be hard to navigate. governmental discretion can play a major role in this process, no singular body of authoritative government guidance. Who can apply for it? 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. 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. 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