italian elective residence visa

This type of residence permit is one of the simplest ways of immigrating to Italy. 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. Convert them into templates for multiple use, include fillable fields to collect recipients? They will give you a receipt and an appointment for the next phase of the. Who Needs an Italy Elective Residence Visa to Retire in Italy? Furthermore, the Italian authorities must be satisfied that your source of income can reasonably be expected to continue over time. It is therefore of paramount importance to ensure that one’s application and supporting documentation conform to the exact requirements and technical specifications. Once you obtain an Italy Elective Residence Visa, you can enter Italy where you will have to promptly apply for an Italian Residence Permit. Foreign citizens who want to retire and live permanently in Italy can apply for an elective visa. 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 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. 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. The application for the visa is filed at the Italian Consulate which has jurisdiction over the applicant’s place of Italy, differently from other EU countries, does not have a specific “residency by investment program”. 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. What is the Italy Elective Residency Visa? 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. After living in Italy with a permanent residence permit for at least ten years, you can apply for Italian citizenship. 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. ERV applications must be submitted to the Italian embassy or consulate in the applicant’s home country. 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. Download, complete, and sign the Italy Long-Stay Visa Application Form. Do the job from any device and share docs by email or fax. I leave for Italy next month. You could qualify for Italian residency via the relatively unknown Elective Residence … 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. 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. At the outset, it must be noted that application approval for the Elective Residence Visa is by no means guaranteed. 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 elective residence visa is intended for foreigners who wants to live in Italy without an employment contract. 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 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. It is the permit which actually allows you to live in Italy for longer than 90 days. 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 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; stable … The Italian elective residency visa is a type of 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. italian elective residence visa. Residence permit for the Italy Elective Residency Visa, non-EU nationals who are exempt from holding a Schenegn visa to Italy. 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. Italy Elective Residency Visa requirements. After having held Elective Residency status for a period of 5 years, you may become eligible to apply for permanent Italian residency. Once you’ve made it through the Italian Elective Residency Visa process, your next step is applying for your permesso di soggiorno in Italy. 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 residence permit will be issued for one to two years, after which you have the opportunity to renew it. ELECTIVE RESIDENCE FOR FOREIGN NATIONALS NOT BELONGING TO THE EUROPEAN UNION. You have to apply for a residence permit for Italy regardless of the reason you want to live there, like work or study. Another challenge associated with the program is that there exists. 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). 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. 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. Please leave this field empty. Complete the application kit, and submit it (along with photocopies all the required documents) back at the post office. 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. The Elective Residence visa is not intended for extended tourism/vacation. In accordance with the provisions outlined in the current legislation (MAE Decree n. 850 dated 2011, Art. As such, many foreign nationals make the decision to retire 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. Italian Elective Residence Visa. 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. (required), What is the source of your passive (non-salaried) income? The Italian elective residency visa is a type of Italian long-stay visa. How to apply for an Italian Elective Residency Visa? Check here to see what an Italian Permit to Stay looks like. 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 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 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. The Italian Elective Visa (General Information) An Elective Residence Visa (ERV) allows non-EU citizens to reside in 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. 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. 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. 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. 4. On the date of your appointment, show up in person and on time, holding all the required documents. The Elective Residency Visa allows to a third-country national who is able to maintain itself autonomously, to stay in Italy without work. 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 elective residence visa in Italy. 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 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. Benefit from a electronic solution to create, edit and sign contracts in PDF or Word format online. 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. Please note that applicants applying for a Elective Residence visa are required to provide documents according to this category. Get the residence permit application kit from a local post office where you will live. This is why it is often referred to as an Italy retirement visa. 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. In addition, they can also advise and assist on property acquisitions and the transfer process, should you elect to buy a property in Italy. And retiring in Italy is made not only possible, but easier, through the Italian Elective Residency Visa. 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