Processing Time
30-90 days
Cost
โฌ116 visa fee
Duration
1 year initial, renewable
Work Rights
No work permitted
Renewability
Renewable annually while requirements met
Path to Permanent Residence
Yes
Requirements
- 1Minimum โฌ31,000/year passive income
- 2Proof of stable income sources (pension, investments, rental)
- 3Accommodation in Italy (lease or ownership)
- 4Health insurance valid in Schengen (โฌ30,000 minimum)
- 5No intention to work in Italy
- 6Clean criminal record
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