I hold several bonds with investment periods ranging from 3 years to 10 years. The annual yields of these bonds are over 31,000 euros. Will this be considered passive income and qualify me for an elective residence visa of Italy? If my wife wants to join me in Italy, how much passive income we need to have?
Answers
In order to be granted an Italian elective residence visa you have to submit your application at the Italian consulate, no matter the means your income comes from. Indeed, Italian authorities are free to consider suitable the income from bond investments, even though you will always have to prove that you have at your disposal enough money to "survive" in Italy. Therefore, money should be "in your pocket", not expected to be paid according to your investment periods ranging from three years to 10 years. The annual yields of these bonds are over 31,000 euros. So, it's sufficient as per Italian Law. However, I doubt the Italian government would consider that amount as ready to be spent.
In order to be granted an Italian elective residence visa you have to submit your application at the Italian consulate, no matter the means your income comes from. Indeed, Italian authorities are free to consider suitable the income from bond investments, even though you will always have to prove that you have at your disposal enough money to "survive" in Italy. Therefore, money should be "in your pocket", not expected to be paid according to your investment periods ranging from three years to 10 years. The annual yields of these bonds are over 31,000 euros. So, it's sufficient as per Italian Law. However, I doubt the Italian government would consider that amount as ready to be spent.
In order to be granted an Italian elective residence visa you have to submit your application at the Italian consulate, no matter the means your income comes from. Indeed, Italian authorities are free to consider suitable the income from bond investments, even though you will always have to prove that you have at your disposal enough money to "survive" in Italy. Therefore, money should be "in your pocket", not expected to be paid according to your investment periods ranging from three years to 10 years. The annual yields of these bonds are over 31,000 euros. So, it's sufficient as per Italian Law. However, I doubt the Italian government would consider that amount as ready to be spent.
