Elective Residency Visa – Retiring to Italy – A step by step guide

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One of the potential options at disposal of foreigners who wish to permanently relocate in Italy is the elective residency permit.

The main requirements are fairly simple, the perspective applicant needs to prove to have substantial and steady income connected to sources other than employment related. Pursuant to the elective residency permit, foreigners are in fact allowed to live in Italy (the permit lasts one year but it can be renewed multiple times) without however being able to perform any type of work, not even on a self-employed basis. Accordingly it is important that the applicant can prove to be able to economically sustain himself/herself and his/her family (if applicable) without having to work while in Italy.

The core of an elective residency visa/permit application is the above, however other requirements need to be fulfilled. Furthermore, keep in mind that once a resident of Italy, you, the applicant, upon fulfillment of certain requirements, will be taxed on your worldwide income (exceptions may apply).

 

Retiring to Italy

Here is a brief step-by-step summary of the process to obtain an elective residency visa to retire in Italy:

Determine your eligibility for an elective residency visa. As anticipated, among other requirements, you must have sufficient financial resources to support yourself in Italy and not be a burden on the Italian welfare system while not working.

Gather the required documents: You will need to provide several documents as part of your application, including a valid passport and evidence of substantial and steady income connected to sources other than employment related.

Submit your application: You can apply for an elective residency visa at the Italian consulate or embassy in your country of residency. You can either submit your application in person or by mail, depending on the consulate’s requirements.

Attend an interview: After submitting your application, you may be asked to attend an interview with a consular officer. During the interview, you will be asked questions about your reasons for wanting to live in Italy and your plans while in the country.

Wait for a decision: Once your application has been reviewed, the consulate will make a decision on your visa application. If your application is approved (please know that the authorities have a discretionary power in assessing your application), you will be issued a visa that allows you to enter Italy and begin your elective residency stay.

Arriving in Italy: upon arrival, you will have to immediately (within 8 days from your arrival) apply for the elective residency permit, allowing you to legally remain in Italy (please note that such subprocedure entails several additional formalities).

It’s important to note that the process for obtaining an elective residency visa and the corresponding permit in Italy can vary depending on your specific circumstances and the authorities where you apply. It’s accordingly always best to check for the most up-to-date information and requirements. Our Law Firm is at your disposal to assist you with your Visa and Permit Application as the procedure can be fairly complicated depending on the facts of your case and the documents to be gathered and submitted often varies depending on several factors.

Feel free to contact us at: [email protected] and we will send you more details on our services to provide you with full assistance (both with the visa and the corresponding permit procedures).