Discover the Elective Residence Permit in Italy
How to Obtain an Elective Residence Permit in Italy?
Who doesn’t dream of relocating and living “la dolce vita” in Italy? This dream could become a reality with the Italian Elective Residence visa—an immigration program designed specifically for retirees and financially independent individuals.
Financially independent individuals and retirees with high self-sustaining incomes wishing to relocate to Italy can apply for a residence permit under the Elective Residence program. This program is particularly appealing to those planning to establish themselves in Italy for at least 12 months. One of the most important requirements is the ability to support oneself financially without relying on employment while residing in Italy.
To qualify, you will need to provide proof of sufficient income, and meet other specific financial and legal criteria set by Italian immigration authorities. This residence permit is especially appealing to those who want to enjoy a high quality of life in Italy without the pressure of seeking employment.
Eligibility Criteria
- Financial requirements: Provide bank documents confirming the availability of funds exceeding:
i. €31,000 for a single applicant.
ii. €38,000 for a couple.
iii. An additional amount of €6,200 for each dependent child. - Proof of Sufficient Means of Subsistence: Submit documentation proving adequate means to cover all living expenses while residing in Italy. Accepted forms of proof include: Retirement pensions, rental income from property, dividends from corporations, royalties, investment certificates, significant savings, or other financial sources. The local Questura (Police Office/Immigration Authorities) will evaluate whether the means provided are sufficient.
- Accommodation: Secure long-term housing in Italy, either through renting or purchasing a property.
- Health Insurance: Possess comprehensive medical insurance with a minimum annual coverage of €30,000 per person, valid in Italy and all Schengen member states.
How Can We Help?
At Inimex, our expert collaborators, including immigration lawyers specializing in Italian regulations, are here to guide you through the immigration process. We will help ensure that you meet all necessary requirements, and provide comprehensive support for relocation and integration into Italian life. Our range of services is designed to make your transition to Italy as smooth as possible. Our team offers personalized support to help you navigate legal, financial, and cultural aspects of your move.
Whether you are planning to invest in real estate, pursue an education or establish a permanent residence in Italy, Inimex is here to turn your vision of living in Italy into a reality.
Have any questions or need assistance? Do not hesitate to contact us, we would love to hear from you.
Visit our YouTube channel to watch our dedicated video on the Italian Elective Residence permit.