LIVING IN ITALYElective Residence VISA,
for living in Italy
without working.
We can do it
for You.

All You have to know before applying,
with Frequently Asked Question.

ELECTIVE RESIDENCEWhy would I choose it ?

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.

So, with Elective Residence Visa Italy You can come to Italy, with your family, without working but only enjoy life, with coverage of all social services offered.

Italian Elective Residence Visa is a trending alternative of the new Investor Visa program.

ELECTIVE RESIDENCEWhich benefits can I have?

  1. Education: free public education is available to children who reside in Italy (charges may be applied for school meals where applicable)
  2. Registration with National Health Service: holders of an elective residence permit can register voluntary with Italian National Health service by paying a registration annual fee. Registration entitles to have a family doctor, access to all specialist tests and visits, be admitted to hospital, etc.
  3. Permanent residency: holders can apply for the EC residence permit for long-term residents after 5 years of legal stay in Italy. In order to be eligible they must have registered as residents and filed tax returns.
  4. Italian Citizenship: after 10 years of legal residency in Italy an individual should be eligible to apply for Italian citizenship. In order to be eligible one must have registered as resident and filed tax returns at least 3 years before filing and show a taxable income of not less than € 6,000 (adjusted every year). Read more about here.
  5. Tax Limitation: for Applicants with high worldwide incomes or high family reddit for any reason, it’s possible to benefit to the Flax Tax Lump Sum Regime, which allow to pay only a fixed amount of taxes, regardless of how much income or resources you have. Read about this Tax Application
  6. No quota limits: differently as for other types of visa (f.e. work visa), there is no annual quota limits for applying and relocating to Italy.

WHAT WE DOHow to obtain your
Elective Residence VISA

Requirements & Procedures

WHAT WE REQUIRE FOR ASSIST YOU

  1. Passive Income: the Italian Consulate wants to verify your documented ability to generate sufficient financial resources, other than employment, which can be reasonably expected to continue over time. Some examples of passive income are:
    – bonds / stocks in companies;
    – bank deposits, provided that funds are stable (the Consulate will ask to see if they have beenrecently deposited, for how long funds have been in deposit)
    – dividends or revenues from company’s ownership
    – Pensions and retirement funds
    – Real estate income – ownership of real estates that generates income (i.e. rent)
    – Royalties

  2. Marriage Certificate and Birth Certificates: The requirements for applying as a married couple or an individual are different. As a married couple it would be easier to meet the requirements of sufficient Existing Financial Resources and Passive Income.
    In particular, the qualifying thresholds per person are proportionally lower when applying as a couple than when applying as separate individuals. Therefore, in order to apply as a married couple and/or for a dependent the Italian Consulate requires valid evidence of your family relationship. Non-Italian marriage certificates or birth certificates that are not issued from the country where the Consulate is located need to be translated into Italian and validated (e.g., legalized, apostilled) before you submit them. Check with the local Consulate for their specific policy.

  3. Housing: you must provide evidence that you have a place to stay in Italy. For example, you can provide a certified copy of your property purchase contract, property gift transfer, life interest contract, lease agreement, rent-free lease agreement (in Italian Comodato) or letter of hospitality.
    Pay attention:  The law does not indicate the minimum value of property that if purchased can give right to the visa. Recently an Italian Embassy has provided the following information in an email: “the amount of 500K Euros as the value for a property is not a fixed figure. The property where residency is supposed to be established should be of relevant interest for the Italian economy and suited to the
    use of the applicants, i.e. should the applicant be the head of a family of five members the propertyshould be selected to fulfil the use of a family of said dimension

  4. Health Insurance: the Italian government provides a universal healthcare system that covers Italian residents, regardless of nationality. However, Italian Elective Resident Visa applicants must give evidence that they have their own qualifying health insurance Make sure that the health insurance plan meets the following minimum requirements:

  •  Event: medical expenses (e.g., prescriptions, doctor visits, hospitalization, ambulance transportation);
  • Coverage: at least EUR 30,000 per person per year;
  • Territory: applicable in all European Union member States;
  • Duration: 1 year.

If you do not have medical insurance meeting the requirements above, we will gladly assist you getting an appropriate policy. Premiums vary depending on coverage. For example, you can find insurance policies with annual premiums at EUR 350 per person to access the full Italian health care system. Private insurance upgrade is also available (prices range based on terms and conditions; for example you can get private insurance for EUR 1,500 per family per year, in addition to the cost of basic coverage).

5. Travel Ticket: Although it is not specifically required to have your ticket for Italy at the time of the Italian Elective Residence Visa application, if you have it you can bring it with you and file a copy of it as well. If you have not finalized your travel arrangements at the time of filing the Italian Elective Resident Visa, you can simply indicate on the visa application your expected departure date.

6. Visa Application Fee: EUR 116 per person (amount can change), cash or Money Order, payable to the Consulate of Italy, with applicant’s name and address on the money order. It is also possible to pay in local currency. Italian Consulates around the world periodically update their websites with the equivalent converted amount in local currency as per the applicable currency exchange rate. Check on the website of your competent Italian Consulate for the applicable fee in local currency right before submitting the Italian Elective Residence Visa application form.

7. Multiple Applicants: If you intend to file an application for your spouse and/or child/ren, make sure to complete an individual application for each person.

VISA SPECIFICATIONS

1. Visa Issue Timing: You might expect the visa within 60 to 90 days. The maximum term under the law is 90 days. However, in our experience, there is no certain time limit, but generally it will be processed under 90 days. Please bear in mind that during the entire process, from filing the application to when the visa is issued, the applicants passports shall be left with the Consulate.

2. Visa Duration: the visa will show an issue date, a starting date and an expiration date. The visa start date will likely be the same or close to your departure date, if you filed a travel ticket along with your visa application. The expiration date of an Italian Elective Residence Visa in general is after 365 days from the starting date. If you must postpone your departure, you can do so, as far as you enter Italy before the visa expiration date. No further notice to the Consulate is required.
Before expiration, the Permit is renewable in Italy at the central police office with territorial jurisdiction in the place of residence, on the condition that the original requirements continue to be fulfilled over time; the residence permit cannot be renewed or extended if the foreigner has failed to reside in Italy for a continuous period of over six months, except in case of military duties or other serious documented reasons (Presidential Decree n. 394/1999, Art.13)

3. Permit to Stay: Within eight days of your arrival in Italy (and before your visa expiration date) you must apply for a Permit to Stay (“Permesso di Soggiorno”). 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.
We will assist You also at this phase, with helping you with all bureacratic steps.

4. Registered Residence: After you complete the Police registration and obtain your Permit to Stay, you can file an application to become a registered resident with the Italian Municipality where you are going to live.
We will assist You also at this phase, with helping you with all bureacratic steps.

F.A.Q.Frequently Asked Questions

Can I bring my family with me?

Yes. You can apply also for your Wife/Husband (so, marriage is needed), and children that are still economical dependant by you. You cannot apply for your children if they’re not dependant by you.

If you intend to file an application for your spouse and/or child/ren, it will be necessary to complete an individual application for each person.

With Elective residence, will I be italian tax residence too?

If you intend to live in italy yes.

An individual who obtains an elective residence visa shall not pay taxes in Italy (so, remain tax residence in his/her contry of provenience) if:

(1) lives in Italy less than 183 days during the fiscal year (January to December);

(2) does not have his habitual abode in the country (e.g. his family lives in Italy and he has in Italy his principal center of business and interests)

If you have big amount of resources and incomes, so you are aware to pay too much taxes in Italy, it’s always possible (and highly recommended) to start an application for the Lump Sum Flax Tax Regime (read here about).

Can I choose my house where I want and how big I want?

About choosing where to set your Elective Residence, Yes.
Every city in national terrritory is possible.

About choosing dimension of the house, be aware: dimensions must be in proportion with family dimension.
Recently an Italian Embassy has provided the following information in an email: “the amount of 500K Euros as the value for a property is not a fixed figure. The property where residency is supposed to be established should be of relevant interest for the Italian economy and suited to the use of the applicants, i.e. should the applicant be the head of a family of five members the property should be selected to fulfil the use of a family of said dimension

If I come, can my son study at University and my wife work?

Children can study whenever they want, in every italian University.

It’s not possible to having a job, because it will be in opposition with the ratio legis of Elective Residence, which was intended for foreing people that want to move to Italy and live here without working.

Can I convert my Elective Residence permit to another Permit (f.e. for starting a job)?

Formally not, because Elective residence permit presupposed the owner has sufficients fund/incomes/resources to live and stay in Italy without working.

If he wants to start a job, the assumption fails.
In this cases, we resolve the circumstances with assistance for a long-term application after 5-years regular residency, that will unlock this limitation.

Do I need to buy a House?

No, you can also rent a house or, if there is a person on the Italian territory (citizen or with regular permit to stay) you know, it’s possible to apply with a letter of long-term hospitality.

I want to relocate to Italy but I have big incomes worldwide, so I'm afraid about paying too much taxes. How can I avoid it?

Italy takes big care on foreign investors or people with high incomes, so it is possible to apply for the Lump Sum Flax Tax Regime, and you will pay only a fixed amount of taxes regardless of how much incomes you have.

We can also provide assistance on this point, with our network of Tax and Fiscal Advisor.

Read more about the Lump Sum Tax here

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Studio Bersani

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Marco Bersani | Verona
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