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Italy · Residence without a local job
Elective Residence Visa
- Processing
- 1-3 months
- Cost
- From €216
- Validity
- 1 year
Long-stay visa for financially independent non-EU nationals who will live in Italy on passive income without working.
Requirements
- Stable, ongoing passive income of at least approx. EUR 32,000 per year per applicant (pensions, rents, dividends, annuities)
- Income increased by roughly 20% for a spouse and further for each dependent
- Suitable accommodation owned or rented in Italy
- Private health insurance covering the full stay
- No intention or authorization to work in Italy
Restrictions
- No employment or self-employment is permitted on this visa
- Income must be passive; salary does not count toward the threshold
Time and cost
- Processing time
- 1-3 months
- Validity
- 1 year, renewable
- Cost
From €216
Required
- €116 national visa fee
- About €100 to €130 residence permit costs
- Path to residency
- EU long-term residence after 5 years of continuous legal residence
Documents
Valid passport
Valid for the intended stay
Proof of passive income
Pension statements, rental or investment income evidence
Proof of accommodation
Property deed or long-term lease in Italy
Private health insurance
Covering the full period of stay
Tips
- Consulates scrutinise that income is genuinely passive and sufficient to live without working
- Owned property strengthens the application over a short lease
- Convert to the flat-tax regime for new residents if bringing substantial foreign income