Italy
EUROPEAN UNION RESIDENCY
NO INVESTMENT
NO INVESTMENT
VISA APPLICATION 2-6 Weeks
VISA FREE ACCESS SCHENGEN AREA
ABOUT ITALIAN ELECTIVE RESIDENCE & IMMIGRATION PROCESS
The elective residency visa permits a long-term stay for foreigners who intend to take residence in Italy. Qualified candidates must meet various requirements, including proof of financial independence that does not rely on gainful employment within Italy. To be eligible, individuals must submit documented proof of housing (to be purchased or rented) in Italy and an income of more than 32,000 EUROS of regular and stable financial resources which are likely to remain steady in the future. Resources must derive from stable asset-based revenues (annuities, pensions), property ownership, stable economic-financial activities or other sources other than employment. In essence, the Elective Residency Visa allows qualified individuals to enter Italy for an indefinite period of time.
The capital of the country is Rome
The currency is EURO
Population as of 2020: 58.94 million
TAXATION IN ITALY
AN INDIVIDUAL WHO OBTAINS AN ELECTIVE RESIDENCE VISA SHALL NOT PAY TAXES IN ITALY IF:
The applicant is not registered in the Municipality (City Hall) of the place where he lives;
Lives in Italy less than 183 days during the fiscal year (January to December); and
