Minimum income
$3,067/mo
EUR 2,667 a month
Stay
12
months, renewable
Application fee
$116
Tax
Worldwide
Progressive 23-43% or flat tax (EUR 300k on foreign income)
Path to staying
- Residence permit12 months
- Renew24 months at a time
- Permanent residencyafter 5 years
- Citizenshipafter 10 years
- Permanent residency 5 years
- Citizenship 10 years
- Dual citizenship allowed
- Language required for citizenship B1
Overview
- Country
- Italy
- Program
- Italy Elective Residency Visa
- Local name
- Visto per Residenza Elettiva
- Type
- Retirement
- Status
- Active
- Initial duration
- 12 months
- Renewable
- Yes (24 mo)
- Min stay
- 183 days per 12 months
Long-term visa for non-EU retirees and financially independent individuals. Requires approx EUR 32,000/year passive income. No employment permitted.
Financial requirements
- Income requirement
- EUR 2,667/mo (~$3,067 USD)
- Pension requirement
- $3,067/mo
- Application fee
- $116
Eligibility
- Minimum age 18+
- Criminal record check required
- Health check not required
- Health insurance required
Work rights
- Employment not allowed
- Self-employment not allowed
- Own a business not allowed
- Work permit included no
Family and dependents
- Dependents allowed
- Yes
- Spouse included
- Yes
- Max child age
- 18
- Parents allowed
- No
Benefits and mobility
- Schengen access
- Bank account can open
- Property purchase allowed
- Public healthcare access granted
- Must be primary residence required
Tax
- Tax regime
- Worldwide
- Regime name
- Progressive 23-43% or flat tax (EUR 300k on foreign income)
- Foreign income taxed
- Yes
- Capital gains taxed
- Yes
How to apply
- Method
- consulate
- Processing time
- 30–90 days
- Apply from abroad
- Yes
Notes
NOT the Investor Visa — no business investment needed. Passive income from abroad only; savings alone insufficient. Italian lease min 1 year or property deed required. 183+ days triggers tax residency. Health insurance min EUR 30k. ~EUR 32k single, ~EUR 38k couple. Flat tax regime (EUR 300k/year) available from 2026.
Also in Italy
Italy also offers a digital nomad visa for remote workers