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Financially Independent Persons Visa in Italy

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Client testimonials

"I had an overall very satisfying experience. Giorgio was very helpful on the phone, WhatsApp and at the end for a 3 hour meeting at the Notary's office.

Giorgio is very professional and he did all I could ask for and I feel very confident that we got the best possible service Regards, Bo"

Bo Jensen (Apr 07, 2022)
Established more than
10 years ago
Present in 20
European Countries
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successfully managed

Service Details

Financially Independent Persons Visa

Available in the following locations: Bergamo, Milan.

* If your local town is not listed, a lawyer from our nearest office will be happy to assist you.

Location

1Who is this service for?

If you are earning at least €31.000 Euros on an annual basis (whether based on a pension or any other kind of regular income) you can also apply for residency in Italy – though for non-working purposes only.

If more than one person is applying (for instance you intend to come with your spouse/partner and children) the income required will increase approximately by €7000 per year for each additional member.

Known as the 'Elective Residency' option for those seeking to relocate and become resident in Italy, you can also apply even if you do not have regular income, but simply deposit the same amount in a bank account during the time of residency, so over 31.000 Euros for 1 member and an additional €7000 (approx.) for each additional member.

Technically, the Italian government may check that the appropriate minimum amount is maintained in the account for the duration of the residency.

In order to apply for a residence permit for elective residency you must also have available an address in Italy as your residence here as well as Health Insurance: the Italian government provides a universal healthcare system that covers Italian residents, regardless of nationality.

However, Italian Elective Resident Visa applicants must show proof that they have their own qualifying health insurance. You should make sure that the health insurance plan can cover medical expenses (e.g., prescriptions, doctor visits, hospitalization and ambulance transportation) for at least 30.000 Euros per person per year and a minimum duration of 1 year.

After five years of regular residence, as well as compliance with the necessary minimum requirements, the holder of a residence permit for elective residence can apply for a long-term EU residence permit.

Even not being allowed to work in Italy that does not mean you will not be allowed to work in any other country provided you do not lose Italian residency by staying abroad working for longer periods of time than you spend in Italy.

2What does this service consist of?

  • Advice and assistance from an experienced immigration lawyer to ensure the applicant has the required documentation and information
  • Complete the application request on your behalf
  • Arrange for payment of administrative fee
  • Accompany the applicant to the appointment with the relevant government department to collect the visa once approved
  • Accompany the applicant to collect the foreigner’s identification card
  • Assist with renewal of the visa after years 1, 3 and 5 (billed separately, as required)
Support services

3Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

Why choose Advocate Abroad?

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