Italian residence permit

Financial independence - Elettiva

Requirements

• –Stable passive income from abroad of at least EUR 30,960 per year
• –Renting or buying property in the country

Program specifics

• –The validity of the residence permit is 1 year, renewable
• –Visa-free travel to European countries
• –Immigration of the whole family
• –Transition to permanent residence after 5 years

Italian residence permit

Residenza Elletiva

Program specifics

Residenza Elettiva is the optimal program for people who want to live permanently or for the majority of their time in Italy and have sufficient income outside the country to support themselves and the applicants applying with them.

Important

A non-EU citizen can obtain this type of residence permit.

Main requirements

programs

• –Legal passive income (pension, dividends, rent),
• –income from employment is not taken into account
• –Income from sources outside Italy
• –The law does not oblige the applicant for residence permit to buy property in Italy, you can conclude a rental agreement. The value of the property is not regulated

From residence permit to

Italian citizenship

Requirements

accommodation

For RP

Officially, the program has a residency requirement, In practice, it is possible not to live, but to come to ‘check in’ every five and a half months. For a regular residence permit, it is sufficient to document income and taxes paid

For PR and citizenship

Must file tax returns in Italy and live at least 183 days per year

Participants in the program

• –Spouse
• –Children under 18 years of age or financially dependent children
• –Financially dependent parents

Some features of the

program

Residenza Elettiva imposes restrictions on employment and business activities in Italy. However, it is possible to earn passive income, for example, from renting out the property

• –It is not necessary to have a European bank account or an account in Italy
• –Requirements for lease - 1- 1.5 years
• –Cannot work in Italy, run a business and receive social benefits
• –Applying for a D visa in the country of citizenship or residence permit
• –Applying for residence permit in Italy