Italy Elective Residence Visa

Italy – Independent Means Visa. Italy’s Elective Residency Visa allows those who can demonstrate independent and stable annual incomes sufficient to maintain themselves to obtain a renewable one-year residence permit in Italy. Following five years of physical residency in Italy,…

How to Qualify

To qualify for Italy’s Elective Residency Visa, applicants must demonstrate stable passive annual income of at least approximately €31,000 for the main applicant. For a married couple, the minimum is approximately €38,000. Each additional dependent child increases the requirement by approximately 20%. These figures may vary by consulate and are subject to periodic adjustment. Applicants must, moreover, provide evidence of suitable healthcare insurance coverage for the whole family as well as of suitable accommodation in Italy, which may be purchased…

Salient Benefits

- Freedom of movement (but not settlement) in Schengen - No investment or donation requirement - Path to citizenship - Permits dual/multiple citizenship - Lower cost of living - Warm climate - Enhanced business access to large economies - Enhanced education opportunities - Short processing time