Rank #34
Italy
Southern Europe • UTC+2 • Europe/RomeMonthly Cost
$1,638
-25% vs USA
Internet
145 Mbps
Mobile Avg
Monthly Cost
$1,638
-25% vs USA
Internet
145 Mbps
Mobile Avg
Elective Residence Visa
Designed for retirees and individuals with passive income who wish to reside in Italy without working. Requires proof of sufficient income to support oneself.
Min. Income
€31,000/year
Per Applicant
Processing
2–3 Months
Average Time
Validity
1 Year
Initial / Renewable
Citizenship
10 Years
Years to Apply
Eligibility & Required Docs
Eligibility Requirements
Proof of passive income- Clean criminal record
- Valid health insurance
- Proof of accommodation in Italy
Required Documents
- Proof of income
- Criminal record certificate
- Health insurance policy
- Lease agreement or property deed
Residency Rules
Taxation
Residents are taxed on worldwide income. Italy offers a special tax regime for new residents, which includes a flat tax option for foreign income.
Physical Presence
Must spend at least 183 days per year in Italy to maintain residency status.
Advantages
- Access to Italy's healthcare system
- Ability to live in a culturally rich environment
- Pathway to permanent residency and citizenship
Disadvantages
- High cost of living in major cities
- Complex bureaucracy
- Requirement to maintain a residence in Italy
Compare with
SpainNon-Lucrative Visa
PortugalD7 Passive Income Visa
GreeceFinancially Independent Person Visa