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. 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. Submit the below contact form to request a free consultation, or find out more about the 2020 program criteria below…. 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. Do the job from any device and share docs by email or fax. 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 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. 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. 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; 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 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 want to obtain a “family residency”, you also need to include the visa for each family member, of course. from online affiliate marketing, may be appraised by the Italian authorities on a case by case basis. The Italian Elective Visa (General Information) An Elective Residence Visa (ERV) allows non-EU citizens to reside in Italy. Please leave this field empty. On the date of your appointment, show up in person and on time, holding all the required documents. 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). 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. The only visa available for an individual who is seeking permanent residency in the country without need to work is the “elective residence visa” Please note that applicants applying for a Elective Residence visa are required to provide documents according to this category. 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 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. 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 … 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. 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. You have to apply for a residence permit for Italy regardless of the reason you want to live there, like work or study. And retiring in Italy is made not only possible, but easier, through the Italian Elective Residency Visa. Who can apply for it? information, put and request legally-binding digital signatures. The application process goes as follows: Within eight days of travelling to Italy, you must apply for an Italian Residence Permit (permesso di soggiorno). Download, complete, and sign the Italy Long-Stay Visa Application Form. It is the permit which actually allows you to live in Italy for longer than 90 days. 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 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. 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). (required), What is the source of your passive (non-salaried) income? 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. How to apply for an Italian Elective Residency Visa? The Elective residence Visa Italy can be applied for by any person who may wish to travel to Italy and has financial means. 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 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. 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). 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. They will give you a receipt and an appointment for the next phase of the. As such, many foreign nationals make the decision to retire in Italy. This is why it is often referred to as an Italy retirement visa. 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.. The Elective Residency Visa allows to a third-country national who is able to maintain itself autonomously, to stay in Italy without work. Residence-by-Investment Overview. Residence permit for the Italy Elective Residency Visa, non-EU nationals who are exempt from holding a Schenegn visa to Italy. I leave for Italy next month. 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 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. Italian Elective Residence Visa. Italy Elective Residency Visa requirements. 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. Don’t put this off after you arrive. 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