I have heard many migration agents in my home country promoting Italy’s investment immigration programs with the option of purchasing real estate properties. According to them, it is possible to obtain resident permits for the whole family by purchasing a house that is worth 300,000 euros. However, when I do research in English, I could not find an official source describing this option of investment immigration. Is it true that one can immigrate to Italy just by purchasing properties? If so, what are the requirements?
Answers
One can apply for the elective residence in Italy if the applicant buys a property worth at least 300,000 euros. But the applicant needs to give evidence of an annual income of 31,000 euro coming from a steady source of income, such as pensions, rentals and so on. The annual amount is increased if there are multiple applicants. By the way, the applicant is not allowed to work in Italy as an employee or as a freelancer.
One can apply for the elective residence in Italy if the applicant buys a property worth at least 300,000 euros. But the applicant needs to give evidence of an annual income of 31,000 euro coming from a steady source of income, such as pensions, rentals and so on. The annual amount is increased if there are multiple applicants. By the way, the applicant is not allowed to work in Italy as an employee or as a freelancer.
One can apply for the elective residence in Italy if the applicant buys a property worth at least 300,000 euros. But the applicant needs to give evidence of an annual income of 31,000 euro coming from a steady source of income, such as pensions, rentals and so on. The annual amount is increased if there are multiple applicants. By the way, the applicant is not allowed to work in Italy as an employee or as a freelancer.
