Italian Elective Residence Visa

Does Buying Property Help Obtaining Italian Elective Residence Visa?

If you are planning to move to Italy and to stay for longer than 90 days, you might apply for the Italian Elective Residency Visa.

The Elective Residency Visa in Italy can be released to those:

• Who are planning to live in Italy on a permanent basis.
• Who are able to support themself autonomously, without having to rely on employment while in Italy. In fact you cannot finance your residence in Italy through any type of work.
• Who can demonstrate a steady and adeguate income.
• Who have a signed rental agreement or, even better, who are owners of a property in Italy.

Being the owner of a property in Italy might facilitate you from obtaining the Italian Elective Residence Visa, however this is not a standard requirement, since Italy does not have a Golden Visa program.

Consequently, if you are buying a property in Italy you will not easily obtain a residence permit. For this type of Visa, as above mentioned, there are further requirements to be fulfilled.

Since the elective residence visa sometimes refers to “wealthy people”, you need to prove that you have passive incomes to sustain your life in Italy even without working.

You can meet the requirement of passive income also through investments in residential properties.

Just be aware that the property needs to be a permanent residence, since this type of visa is only for people who have decided to reside in the Country permanently.

Luxury Law accompanies non-EU Citizens through the process of acquiring Elective Residence Visa in Italy, and assists foreign clients with the purchase of a property in Italy.