Is it now possible to apply for elective residency visa in Italy, even if you’re demonstrating to have income deriving from rental properties. In fact, the economic resources of at least 32,000 euros per year must not refer only to self-employment or employment work. Furthermore, if they earn profits as owners of a commercial activities, those profits can be included in the economic requirement. However, here below you can find some brief information about this kind of application. If you are able to maintain yourself autonomously, the Elective Residency Visa allows you to stay in Italy without working. In order to apply, you must have a regular personal income that derives from retirement or annuity, real estate properties, the ownership of stable commercial economic activities or other economic resources different from the employment. In any of these cases, the resources must not be less of 31,159.29 euros per year. Furthermore, this kind of visa can be issued also for family members such as cohabiting spouse, minor children and adult dependent children. However, the abovementioned financial resources must be considered sufficient also for them. In particular, in case of application also for cohabiting spouse, the monthly amount to be demonstrated must be increased of at least 20 percent. This increase must be of at least 5 percent for each applicant child. After the obtaining of the Elective Residency Visa, issued by the competent diplomatic authority in your place of residence abroad, and within eight days from you first entrance in Italy with your elective residency visa, you can apply for your Italian resident permit.
