Residency for retirees/wealthy individuals with stable passive income. €31K+/year. No work allowed.
Retirees with pension income or savings seeking a new home base
Working-age professionals seeking employment or those without passive income
No work allowed, high income requirements, must prove passive income source
At a Glance
Eligibility Requirements
| Requirement | Details |
|---|---|
| Age Range | 18+ |
| Profession Required | No |
| Job Offer Required | No |
| Sponsorship Required | No |
| License / Recognition Required | No |
| Remote Income Allowed | Yes |
| Business Activity Required | No |
| Health Insurance Required | Yes |
| Proof of Funds Required | Yes |
| Can Apply From Abroad | Yes |
Financial Requirements
| Item | Amount |
|---|---|
| Minimum Income | €31,000/monthly |
| Minimum Savings | €50,000 |
| Application Fee | €116 |
| Est. Total Relocation Cost | €55,000 |
Family & Rights
| Right | Details |
|---|---|
| Family Allowed | Yes |
| Spouse Can Work | No |
| Children Allowed | Yes |
| Remote Work Rights | limited |
| Renewable | Yes |
| Time to Permanent Residency | 5 years |
| Time to Citizenship | 10 years |
Related Pathways
Cost of Living
Find your best visa pathway
Take our free 2-minute quiz and get matched with programmes that fit your profile.
Frequently Asked Questions
What is the Elective Residency Visa?
Residency for retirees/wealthy individuals with stable passive income. €31K+/year. No work allowed.
Who is the Elective Residency Visa best for?
This pathway is best suited for: Retirees with pension income or savings seeking a new home base.
Who should not apply for the Elective Residency Visa?
This pathway is not ideal for: Working-age professionals seeking employment or those without passive income.
What are the financial requirements for the Elective Residency Visa?
Applicants need minimum income of €31,000/monthly, minimum savings of €50,000. Additional costs may include the application fee and relocation expenses.
How long does it take to process the Elective Residency Visa?
Processing typically takes 30 to 90 days. Times may vary based on nationality, completeness of documentation, and current processing volumes.
Can I bring my family on the Elective Residency Visa?
Yes, this pathway allows family members including dependents.
Can the Elective Residency Visa lead to permanent residency or citizenship?
Yes. Holders of this visa can work toward permanent residency in approximately 5 years and citizenship in approximately 10 years, subject to meeting residence and other conditions.
What are the known issues with the Elective Residency Visa?
Known issues and warnings: No work allowed, high income requirements, must prove passive income source. We recommend checking the official source for the latest updates.
Can I work remotely on the Elective Residency Visa?
Yes, this pathway allows remote income from outside Italy. Remote work rights: limited.
Are there alternative pathways to Italy?
Yes. Italy offers 8 other immigration pathways. Compare all options on our Italy country page.
Get Your Full Report
Personalised visa pathways, cost breakdowns, and a step-by-step relocation plan.
Get Your Free VerdictOfficial source: https://vfrm.esteri.it/Default.aspx