Passive Income

Elective Residence Visa

💰 Minimum Income
€32,000
per year
Approximately €32,000 per year for a single applicant, based on three times the annual threshold from the Interior Ministry's Table A. Consulates often require demonstrably higher amounts. For families, a 2025 court ruling (TAR Lazio) confirmed that dependants require a lower supplementary quota per person rather than the full single-applicant amount.
⏱️ Duration
Initial visa and residence permit valid for 1 year. Renewable for periods of up to 2 years thereafter. After 5 years of continuous residence, eligible for EU Long-Term Residence Permit.
👪 Dependants
Yes
Spouse, minor children, and adult dependent children living with the primary applicant. Each family member submits a separate visa application. A court ruling clarified that dependants are assessed at a lower tiered rate, not the full single-applicant amount.
🛂 Citizenship Path
Yes — after 10 years
After 5 years of continuous legal residence, holders may apply for an EU Long-Term Residence Permit granting indefinite residence rights. After 10 years, non-EU citizens may apply for Italian citizenship by naturalisation.

Italy's Elective Residence Visa (Visto per Residenza Elettiva) allows non-EU/EEA nationals to settle in Italy on the basis of passive income, without engaging in any employment. The program targets retirees, pensioners, and persons of independent means who can support themselves through pensions, investment returns, rental income, or other non-employment sources.

Requirements
  • Non-EU/EEA national of any nationality
  • Stable, continuous passive income of at least approximately €32,000 per year (consulates often expect well above this floor)
  • Acceptable income sources: pensions, annuities, rental income, dividends, trust distributions, and returns from stable investments
  • Employment income and self-employment income are not accepted
  • No educational, professional, or age requirements
  • International health insurance with minimum €30,000 coverage including hospitalisation and emergency repatriation
  • Proof of accommodation in Italy: a registered rental contract (minimum 1-year term, registered with the Agenzia delle Entrate) or property ownership deed. Short-term rentals and hotel bookings are not accepted
Required Documents
  • Completed national long-term visa application form
  • Valid passport (minimum 3 months validity beyond visa expiry, at least 2 blank pages, issued within 10 years)
  • Passport-sized colour photograph (35mm x 45mm, white background)
  • Proof of legal residence in the consular jurisdiction
  • Documented proof of passive income: bank letters, pension statements, last 2 years of income tax returns, last 12 months of bank statements
  • Property purchase deed or registered rental contract for accommodation in Italy
  • International health insurance policy
  • Letter of intent explaining reasons for relocation
  • One-way flight reservation
  • Visa fee payment (€116, non-refundable)
Duration & Renewal

The entry visa is valid for up to 1 year. Upon arrival, the holder applies for a residence permit initially valid for 1 year, renewable for periods of up to 2 years. Renewal must be submitted at the local Questura from 90 days before to 60 days after permit expiry, demonstrating continued compliance with all requirements.

After 5 years of continuous legal residence, holders may apply for an EU Long-Term Residence Permit granting indefinite residence rights. After 10 years, non-EU citizens may apply for Italian citizenship by naturalisation.

Family Members

Dependent spouses, minor children, and adult dependent children may apply concurrently. Each family member submits a separate application with proof of the family relationship (apostilled marriage or birth certificates). A 2025 TAR Lazio court ruling clarified that consulates must use a tiered calculation for families — the base amount for the main applicant plus a lower supplementary quota per additional member — rather than requiring the full €32,000 for each person. Dependants face the same employment prohibition and must maintain their own health insurance.

Tax Implications

Residents spending more than 183 days per year in Italy are subject to progressive IRPEF tax on worldwide income (23% to 43%, with the second bracket at 33% from 2026), plus regional and municipal surcharges.

Two optional flat tax regimes may apply:

  • Pensioner flat tax (7%): Foreign pensioners who move to a qualifying municipality with up to 30,000 inhabitants (expanded from 20,000 by a 2026 law) in southern Italy (Sicily, Calabria, Sardinia, Campania, Basilicata, Abruzzo, Molise, or Puglia) pay 7% on all foreign-sourced income for 9 consecutive years.
  • High-net-worth flat tax (€300,000/year): Individuals transferring tax residence to Italy from 1 January 2026 may opt for a €300,000 annual substitute tax on all foreign-sourced income (up from €200,000 previously), plus €50,000 per family member, for up to 15 years.
Application Process

Applications are submitted in person at the Italian consulate or embassy in the applicant's country of residence. Some consulates require appointments via the Prenot@mi system; others accept mail submissions. Biometric data may be collected. Processing takes up to 90 days.

Upon entering Italy, the holder must apply for a residence permit at the Questura within 8 working days. Registration with the municipal civil registry (Anagrafe) and signing an Integration Agreement (Accordo di Integrazione) — which includes commitments such as learning Italian — are also required.

Holders must not be absent from Italy for more than 6 consecutive months during a 1-year permit. The residence permit allows free movement within the Schengen area for up to 90 days in any 180-day period.

Other Visa Programs in Europe

Country
Program
Income
Investment
Funds Required
Capital Required
Duration
Dependants
Citizenship
Compare
🇦🇱 Albania
Residence Permit for Pensioners
ALL 120,000 / month
1 year
Yes
Yes (7yr)
🇦🇱 Albania
Residence Permit for Real Estate Owners
No minimum investment amo...
1 year
Yes
Yes (7yr)
🇦🇱 Albania
Unique Permit for Digital Mobile Workers
No explicit statutory min...
1 year — 5 years
Yes
Yes (7yr)
🇦🇱 Albania
Unique Permit for Investors
ALL 10,000,000 one-time
2 years — 3 years
Yes
Yes (7yr)
🇦🇩 Andorra
Digital Nomad Residence Permit
€4,342 / month
2 years
Yes
🇦🇩 Andorra
Entrepreneur Residence Permit
1 year
Yes
🇦🇩 Andorra
Residence for Scientific, Cultural and Sporting Interest
€54,912 / year
2 years — 10 years
Yes
Yes
🇦🇩 Andorra
Residence Without Lucrative Activity
€1,000,000 one-time
2 years — 10 years
Yes
Yes
🇦🇹 Austria
Job Seeker Visa (Red-White-Red Card)
Must prove sufficient fun...
6 months
No
🇦🇹 Austria
Red-White-Red Card for Start-up Founders
€30,000 one-time
2 years — Permanent
Yes
🇦🇹 Austria
Settlement Permit — Artist
€1,309 / month
1 year — Permanent
Yes
🇦🇹 Austria
Settlement Permit Excluding Gainful Employment
€2,617 / month
1 year — Permanent
Yes
Yes (10yr)
🇧🇾 Belarus
Hi-Tech Park Resident
No minimum capital invest...
1 year
Yes
🇧🇾 Belarus
Investor Permanent Residence Permit
$202,000 one-time
Permanent
Yes
Yes
🇧🇪 Belgium
Professional Card for Entrepreneur
€22,838 one-time
1 year — 5 years
Yes
Yes (5yr)
🇧🇪 Belgium
Rentier Residence Permit
€1,314 / month
1 year
Yes
Yes (5yr)
🇧🇬 Bulgaria
Continuous Residence Permit for Pensioners
€620 / month
1 year
Yes
🇧🇬 Bulgaria
Digital Nomad Residence Permit
€31,010 / year
1 year — 2 years
Yes
No
🇧🇬 Bulgaria
Investor Residence Permit
€512,000 one-time
1 year — Permanent
Yes
Yes (5yr)
🇧🇬 Bulgaria
Startup Visa
€1,860 one-time
1 year — 3 years
Yes
🇭🇷 Croatia
Temporary Stay for Other Purposes (Property Ownership)
€791 / month
1 year
Yes
🇭🇷 Croatia
Temporary Stay of Digital Nomads
€3,623 / month
1 month — 18 months
Yes
🇨🇾 Cyprus
Category D Immigration Permit
Permanent
Yes
Yes
🇨🇾 Cyprus
Category F Immigration Permit
€798 / month
Permanent
Yes
Yes (7yr)
🇨🇾 Cyprus
Digital Nomad Visa
€3,500 / month
1 year — 3 years
Yes
No
🇨🇾 Cyprus
Permanent Residence Permit for Investors
€300,000 one-time
Permanent
Yes
Yes (7yr)
🇨🇾 Cyprus
Startup Visa
€20,000 one-time
3 years — 5 years
Yes
🇨🇿 Czech Republic
Digital Nomad Program
CZK 69,248 / month
1 year — 3 years
Yes
🇨🇿 Czech Republic
Long-Term Residence Permit for the Purpose of Investment
CZK 75,000,000 one-time
2 years
Yes
Yes (5yr)
🇩🇰 Denmark
Start-up Denmark
DKK 153,240 one-time
2 years — 5 years
Yes
Yes (8yr)
🇪🇪 Estonia
Digital Nomad Visa
€4,500 / month
90 days — 1 year
Yes
No
🇪🇪 Estonia
Residence Permit for Major Investor
€1,000,000 one-time
5 years — 10 years
Yes
🇪🇪 Estonia
Startup Visa
€880 / month
1 year — 5 years
Yes
Yes (8yr)
🇫🇮 Finland
Residence Permit for Work in Culture or Arts
€1,463 / month
1 year — 4 years
Yes
🇫🇮 Finland
Startup Residence Permit
No fixed capital requirem...
2 years — 4 years
Yes
Yes (6yr)
🇫🇷 France
Carte de Séjour Temporaire Visiteur
€17,317 / year
1 year
Yes
Yes (5yr)
🇫🇷 France
Talent Porteur de Projet — Business Creation
€30,000 one-time
4 years
Yes
🇫🇷 France
Talent Porteur de Projet — Direct Economic Investment
€300,000 one-time
4 years
Yes
🇫🇷 France
Talent Porteur de Projet — Innovative Economic Project (French Tech Visa)
No minimum investment req...
4 years
Yes
🇫🇷 France
Talent — Artistic and Cultural Profession
€15,313 / year
4 years
Yes
Yes (5yr)
🇫🇷 France
Talent — International Reputation
4 years
Yes
Yes (5yr)
🇩🇪 Germany
Opportunity Card (Chancenkarte)
Must prove sufficient fun...
1 year
No
🇩🇪 Germany
Freelance Residence Permit
No fixed statutory minimu...
1 year — 3 years
Yes
🇩🇪 Germany
Residence Permit for Financially Independent Persons
No fixed statutory minimu...
1 year — 3 years
Yes
🇩🇪 Germany
Self-Employment Residence Permit for Business Founders
No fixed statutory minimu...
1 year — 3 years
Yes
🇩🇪 Germany
Settlement Permit for Highly Qualified Professionals
Permanent
Yes
Yes (5yr)
🇬🇷 Greece
Digital Nomad Visa
€3,500 / month
1 year — 2 years
Yes
Yes
🇬🇷 Greece
Golden Visa (Permanent Residence Permit for Investor)
€400,000 one-time
5 years — Permanent
Yes
Yes (7yr)
🇬🇷 Greece
Residence Permit for Financially Independent Persons
€3,500 / month
3 years — Permanent
Yes
Yes (5yr)
🇬🇷 Greece
Talent Visa
1 year
Yes
Yes (7yr)
🇬🇬 Guernsey
Guernsey Entrepreneur Visa
£200,000 one-time
2 years — 5 years
Yes
Yes
🇬🇬 Guernsey
Guernsey Investor Visa
£1,000,000 one-time
2 years — 5 years
Yes
Yes
🇭🇺 Hungary
Guest Investor Residence Permit
€250,000 one-time
10 years
Yes
Yes
🇭🇺 Hungary
Guest Self-Employment Residence Permit
No fixed capital requirem...
1 year — 3 years
Yes
Yes
🇭🇺 Hungary
White Card
€3,000 / month
1 year — 2 years
No
🇮🇸 Iceland
Long-Term Visa for Remote Work
ISK 1,000,000 / month
90 days — 180 days
Yes
No
🇮🇪 Ireland
Stamp 0 (Person of Independent Means)
€50,000 / year
1 year
No
No
🇮🇪 Ireland
Start-Up Entrepreneur Programme (STEP)
€50,000 one-time
2 years — 5 years
Yes
Yes (5yr)
🇮🇲 Isle of Man
Innovator Visa
£50,000 one-time
3 years — Permanent
Yes
Yes
🇮🇲 Isle of Man
Start-Up Visa
£945 one-time
2 years
Yes
No
🇮🇹 Italy
Digital Nomad Visa
€24,789 / year
1 year
Yes
Yes (5yr)
🇮🇹 Italy
Elective Residence Visa
€32,000 / year
1 year — 2 years
Yes
Yes (10yr)
🇮🇹 Italy
Investor Visa for Italy
€250,000 one-time
2 years — 3 years
Yes
Yes (10yr)
🇮🇹 Italy
Italia Startup Visa
€50,000 one-time
1 year — 2 years
Yes
Yes (10yr)
🇯🇪 Jersey
High Value Residency Programme
£3,500,000 one-time
Permanent
Yes
Yes
🇽🇰 Kosovo
Self-Employment Work Permit
No fixed minimum capital....
1 year — 5 years
Yes
🇱🇻 Latvia
Investor Residence Permit
€50,000 one-time
5 years
Yes
Yes
🇱🇻 Latvia
Long-Stay Visa for Remote Work
€4,213 / month
1 year — 2 years
No
Yes
🇱🇻 Latvia
Startup Visa
€2,800 one-time
3 years
Yes
Yes
🇱🇻 Latvia
Temporary Residence Permit for Pensioners
€1,101 / month
5 years
Yes
🇱🇮 Liechtenstein
Residence Permit Without Gainful Employment
CHF 100,000 / year
1 year
Yes
Yes
🇱🇹 Lithuania
Startup Visa
€1,000 one-time
1 year — 2 years
Yes
Yes (10yr)
🇱🇺 Luxembourg
Investor Residence Permit
€500,000 one-time
3 years
Yes
Yes (5yr)
🇱🇺 Luxembourg
Job Seeker Authorisation
Must prove sufficient res...
9 months
No
🇱🇺 Luxembourg
Residence Permit for Private Reasons
€2,704 / month
3 years
Yes
Yes (5yr)
🇱🇺 Luxembourg
Self-Employed Worker Residence Permit
No fixed minimum — adequa...
3 years — 5 years
Yes
🇲🇹 Malta
Global Residence Programme
€15,000 / year
1 year — Permanent
Yes
Yes
🇲🇹 Malta
Malta Permanent Residence Programme
€68,000 one-time
Permanent
Yes
Yes (5yr)
🇲🇹 Malta
Malta Retirement Programme
€7,500 / year
1 year — Permanent
Yes
No
🇲🇹 Malta
Nomad Residence Permit
€42,000 / year
1 year — 4 years
Yes
No
🇲🇹 Malta
Startup Residence Programme
€25,000 one-time
3 years — 8 years
Yes
Yes (5yr)
🇲🇹 Malta
The Residence Programme
€15,000 / year
1 year — Permanent
Yes
Yes
🇲🇹 Malta
United Nations Pensions Programme
€10,000 / year
1 year — Permanent
Yes
Yes
🇲🇩 Moldova
Digital Nomad Visa
€2,535 / month
2 years
Yes
Yes
🇲🇩 Moldova
Investment Residence Permit
€27,000 one-time
2 years — 8 years
Yes
Yes (8yr)
🇲🇨 Monaco
Residence Permit for Persons Without Professional Activity
No fixed minimum. Applica...
1 year — Permanent
Yes
Yes (10yr)
🇲🇪 Montenegro
Digital Nomad Residence Permit
€2,010 / month
2 years — 4 years
Yes
Yes
🇲🇪 Montenegro
Temporary Residence and Work Permit for Entrepreneurs
No minimum capital requir...
1 year
Yes
Yes (10yr)
🇲🇪 Montenegro
Temporary Residence Permit for Property Owners
€150,000 one-time
1 year
Yes
Yes
🇳🇱 Netherlands
Orientation Year Residence Permit
1 year
Yes
🇳🇱 Netherlands
Startup Residence Permit
€1,735 / month
1 year
Yes
🇲🇰 North Macedonia
Personal Work Permit for Self-Employment
No fixed minimum; must de...
1 year — 3 years
Yes
Yes (8yr)
🇳🇴 Norway
Self-Employment Residence Permit
No fixed capital requirem...
1 year
Yes
🇵🇹 Portugal
D7 Passive Income Visa
€920 / month
2 years — Permanent
Yes
Yes (5yr)
🇵🇹 Portugal
D8 Digital Nomad Visa
€3,680 / month
1 year
Yes
Yes (5yr)
🇵🇹 Portugal
Digital Nomad Residence Permit
€3,680 / month
2 years — Permanent
Yes
Yes (5yr)
🇵🇹 Portugal
Golden Visa
€500,000 one-time
2 years — Permanent
Yes
Yes (5yr)
🇵🇹 Portugal
Job Seeker Visa
€760 / month
120 days — 180 days
No
🇵🇹 Portugal
Residence Permit for Highly Qualified Activity
€1,611 / month
2 years — Permanent
Yes
Yes (5yr)
🇵🇹 Portugal
StartUP Visa
€6,446 one-time
2 years — Permanent
Yes
Yes (5yr)
🇷🇴 Romania
Digital Nomad Visa
€5,650 / month
6 months — 1 year
No
🇷🇴 Romania
Long-Stay Visa for Commercial Activities
€100,000 one-time
1 year — 3 years
Yes
🇷🇺 Russia
Impatriation Residence Permit
3 years — Permanent
Yes
Yes
🇷🇺 Russia
Investor Residence Permit
RUB 15,000,000 one-time
Permanent
Yes
Yes (5yr)
🇸🇲 San Marino
Atypical Residence for Pensioners
€120,000 / year
10 years — Permanent
Yes
🇸🇲 San Marino
Elective Residence
€500,000 one-time
10 years — Permanent
Yes
Yes (30yr)
🇸🇲 San Marino
High-Tech Startup Residence
€1 one-time
1 year — Permanent
Yes
🇷🇸 Serbia
Investor Temporary Residence Permit
€50,000 one-time
6 months — 3 years
Yes
Yes
🇷🇸 Serbia
Property Ownership Temporary Residence Permit
Ownership of residential ...
3 years
Yes
Yes
🇷🇸 Serbia
Startup Temporary Residence Permit
1 year — 3 years
Yes
🇷🇸 Serbia
Talent Temporary Residence Permit
1 year — 3 years
Yes
🇸🇰 Slovakia
Temporary Residence for Business Purpose
€28,413 one-time
3 years
Yes
🇸🇮 Slovenia
Temporary Residence Permit for Digital Nomads
€3,222 / month
1 year
Yes
🇸🇮 Slovenia
Temporary Residence Permit for Other Justified Reasons
€494 / month
1 year
Yes
Yes (10yr)
🇪🇸 Spain
Entrepreneur Visa
No fixed capital requirem...
1 year — 3 years
Yes
Yes (10yr)
🇪🇸 Spain
International Telework Visa
€2,849 / month
1 year — 3 years
Yes
Yes (10yr)
🇪🇸 Spain
Non-Lucrative Residence Visa
€2,400 / month
1 year — 2 years
Yes
Yes (10yr)
🇸🇪 Sweden
Residence Permit for Job Seeking
Must prove sufficient fun...
9 months — 1 year
Yes
🇸🇪 Sweden
Residence Permit for Highly Qualified Persons
9 months
No
🇸🇪 Sweden
Self-Employment Residence Permit
SEK 200,000 one-time
1 year — 2 years
Yes
🇨🇭 Switzerland
Residence Permit Without Gainful Employment
CHF 25,200 / year
1 year — 5 years
Yes
Yes (10yr)
🇺🇦 Ukraine
Immigration Permit for Highly Qualified IT Specialists
Permanent
Yes
Yes (5yr)
🇺🇦 Ukraine
Immigration Permit for Investors
$100,000 one-time
Permanent
Yes
Yes
🇺🇦 Ukraine
Temporary Residence Permit for Investors
€100,000 one-time
2 years
No
🇬🇧 United Kingdom
Global Talent Visa
1 year — 5 years
Yes
Yes (4yr)
🇬🇧 United Kingdom
High Potential Individual Visa
2 years — 3 years
Yes
🇬🇧 United Kingdom
Innovator Founder Visa
No minimum investment req...
3 years — Permanent
Yes