Elective Residency Visa in Italy in Italy

• Following the enactment of Law 145/2018, Italy set-about attracting retirees from other countries by applying a new, lower flat tax on pension and other foreign incomes to those who relocate their tax residence to Italy.
• A flat rate of 7% is applied on such incomes for a period of 5 years.
• The special tax rate is restricted to those who take-up residency in towns with less than 20,000 inhabitants in the regions of Abruzzo, Basilicata, Calabria, Campania, Molise, Puglia, Sardinia and Sicily.
• This elective residency visa in Italy is NOT suitable for those planning to work here.

The elective residency visa offer is open to any individuals from countries that have signed a Tax Information Exchange Agreements (TIES), Double Taxation Agreements (DTA) and Foreign Account Tax Compliance Agreements (FATCA) with Italy - this includes most countries. 

• Non-resident: The applicant may not have been tax resident in Italy in any of the previous 5 years. 
• Financial Requirements: An applicant must show a minimum annual income of €31,000 for a single person, with an additional 20% for a spouse and 5% for each child. This income should ideally come from stable, passive sources such as pensions, property rentals, investments, or savings.
• Housing: Proof of suitable accommodation in Italy, either through ownership or a rental agreement.
• Health Insurance: A comprehensive international health insurance coverage of at least €30,000 per year is mandatory.
• Documentation: Necessary documents include a filled application form, a valid passport with extra validity beyond the visa expiry, civil status documents, birth certificate and a no criminal record certificate, among others​​​​​​.

1. Initial Consultation: A thorough evaluation of the applicant's eligibility and financial capability to support the visa application.
2. Document Preparation: Assistance in gathering and preparing all required documentation, including financial proofs, health insurance, and housing contracts.
3. Application Submission: Guiding through the application process, which starts with booking an appointment at the Italian Consulate or Embassy in the applicant's home country, paying the visa fee (approximately €116), and submitting the application.
4. Post-Arrival Formalities: Upon arrival in Italy, applicants must apply for a residence permit within 8 days, for which we also provide assistance​​.

• Expert Guidance: Navigating through the complex requirements and legalities of the Elective Residency Visa application process with the help of experienced professionals.
• Comprehensive Support: From initial consultation to securing your residence permit in Italy, offering end-to-end assistance.
• Customised Solutions: Tailoring advice and support to meet the unique needs and financial situations of each client.

• Tailored for financially self-sufficient individuals and families.
• Requires proof of significant passive income and suitable Italian residence.
• In-depth assistance with documentation and legal requirements.
• Support for health insurance coverage that meets Italian visa requirements.