Does such a residence permit exist? - Page 2

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Does such a residence permit exist? - Page 2


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Old 14th July 2019, 09:58 AM
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Hi Layla_38, there is some good advice here, especially:

(a) At least investigate putting your savings into some sort of annuity where you get a guaranteed income in exchange for loss of flexibility. And get advice from a disinterested financial adviser, if such people exist where you are.

(b) Don't give up on the "citizenship by descent" approach. As far as I can see Italy considers descent a pretty strong qualification (I don't qualify, alas) and if you manage to qualify it would probably be your best option.

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Old 14th July 2019, 04:31 PM
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Quote:
Originally Posted by Troz View Post
investigate putting your savings into some sort of annuity where you get a guaranteed income in exchange for loss of flexibility
This is the nuclear option. Apparently it is adequate that you demonstrate regular disbursements from a source such as an Individual Retirement Account. Once you have your PDS you could cancel it. Renewing your PDS might be problematic though. At any rate, if you later decide that la vita italiana ain't for you, you could reverse it then.

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Old 28th September 2019, 03:12 PM
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One option is to get residency in another country then transfer it to Italy. From what Ia lawyer told me that is a relatively simple matter.

Maje

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Old 28th September 2019, 03:53 PM
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Not to contradict an attorney but he/she might be wrong. Go to the EU Immigration Portal and it spells out the requirements for moving between EU countries. Remember each country has it's own rules and those have to be met. Good luck.

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Old 28th September 2019, 04:50 PM
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It might be an easy if you have long term residence status but that requires IIRC either five or ten years.

But it's not like the other Schengen countries have vastly different rules.

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Old 28th September 2019, 06:21 PM
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Quote:
Originally Posted by NickZ View Post
It might be an easy if you have long term residence status but that requires IIRC either five or ten years.

But it's not like the other Schengen countries have vastly different rules.
I do know that if someone has a one year visa from Malta that person can easily obtain an Italian visa.

Maje

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Old 28th September 2019, 06:21 PM
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Quote:
Originally Posted by panama rick View Post
Not to contradict an attorney but he/she might be wrong. Go to the EU Immigration Portal and it spells out the requirements for moving between EU countries. Remember each country has it's own rules and those have to be met. Good luck.
Well, she might be, but she's an immigration attorney.

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Old 3rd October 2019, 04:16 PM
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Quote:
Originally Posted by Layla_38 View Post
Hm, you have me thinking... but like you said there are no guarantees on it... Seems ridiculous, right, that other countries tell you as long as you have at the least an equal amount per month as the country's minimum wage, you can get a residence permit.

I find this evasive "amount" required from Italy to be elitist and stuck up - especially when I KNOW the cost of living in places like Sicily (where I've spent extensive amounts of time on and off throughout the years) and it damn sure is nowhere near what they seem to require for a residence permit. Once I called the embassy in the US to inquire about this and they couldn't even give me an amount, they said "figure 85 euro a day" - WHAT? The Sicilians themselves have told me if they had money like that they would be living like kings. So I cannot understand. It seems absolutely ludicrous.

I myself am even of Italian origin, but can't go the dual citizenship route because, as I was told, my G. Grandfather joined the army when he came to the US before my GF was born, thus they say it's implied that he announced his Italian citizenship. But that's another headache to discuss.

Thanks for your reply btw . Sorry - this subject and the insanity of it all gets me a bit heated.

I just don't get it.
If you were granted an elective residence visa based on your savings, you could blow the entire amount by the time you got to Italy, at which time you would become a public charge. Having your savings dispersed to yourself in incremental amounts won't work either because that could always change. Afterall it IS your account and you can do what you want with it. To qualify for elective residence visa, they want to see income from reliable sources such as US govt., even more so than private pension providers which could always go bust and don't have as secure a guarantee.

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Old 3rd October 2019, 07:25 PM
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Quote:
Originally Posted by Italia-Mx View Post
If you were granted an elective residence visa based on your savings, you could blow the entire amount by the time you got to Italy, at which time you would become a public charge. Having your savings dispersed to yourself in incremental amounts won't work either because that could always change. Afterall it IS your account and you can do what you want with it. To qualify for elective residence visa, they want to see income from reliable sources such as US govt., even more so than private pension providers which could always go bust and don't have as secure a guarantee.
While I don't wish to be argumentative this contradicts what I recall having read elsewhere. When I was a carpenter I was told never to figure what you could measure so I am hereby soliciting real world experiences from people:
(a) whose savings, disbursed on a regualr basis, were discounted for the purposes of a PdS, or
(b) people whose same disbursements were accepted for this purpose.


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Old 4th October 2019, 03:19 AM
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You're asking an impossible question.

The simplest answer is somebody who has bought an annuity will come by and say yes or no. But you need to ask how big the annuity is and how it was structured.

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