Foreigners who want to apply for an elective residence visa should be able to demonstrate to have sufficient economic funds to sustain themselves while in Italy and such resources should come from their existing financial assets, - bonds, pensions, stocks, rents etc. from properties, foreign commercial activities. Consulates/embassies may require the presentation of statements from the applicant's bank reporting the financial status of the applicant's accounts and stock/bonds portfolio. It is in any case recommendable to check with the specific competent consulate/embassy in the country of residence of the applicant before starting an application.
