Italy Elective Residence Visa
Italy ITA
Last verified 2024-09-01Official source
Italy's Elective Residence Visa is for financially independent individuals who wish to live in Italy without working locally, supported entirely by passive income from abroad. The €100,000 annual flat tax option makes it attractive for high-net-worth individuals seeking a low-tax Italian lifestyle.
Program Details
- Category
- Passive Income
- Processing Time
- 3 months
- Application Fee
- $120
- Minimum Income
- $33,000/yr
- Minimum Investment
- N/A
- Family Included
- Each additional family member increases the required income threshold by approximately 20%
- Path to PR
- Yes — 5 years
- Path to Citizenship
- Yes — 10 years
- Physical Presence
- Must reside primarily in Italy; extended absences can jeopardize renewal
- Dual Citizenship
- Allowed
- Tax Impact
- Tax residents may opt for Italy's Flat Tax regime (€100,000/year lump sum on all foreign income) or the standard progressive income tax. Pensioners relocating to southern Italy may qualify for a 7% flat tax.
- Renewal Cost
- $120
Approximately €31,000/year from passive sources (pensions, investments, rental income). The amount is assessed per applicant; couples typically need around €38,000/year combined. Working in Italy is prohibited.
Key Requirements
- ✓Proof of annual passive income of at least €31,000 (pensions, investments, rental income, dividends)
- ✓Proof of accommodation in Italy (rental contract or property ownership)
- ✓Health insurance valid in Italy with no co-pays
- ✓Criminal background check
- ✓Declaration of intent to live in Italy without engaging in employment
- ✓Proof of financial self-sufficiency
Nationality Restrictions
This program restricts applications from nationals of: EU/EEA nationals do not require this visa
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