Does such a residence permit exist?

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Does such a residence permit exist?


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Old 25th May 2019, 12:56 PM
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Default Does such a residence permit exist?

Hello all,

I'm hoping you can help me.

I want to apply for a residence permit in Italy, and I will be living off of savings. Is there a visa/permit for this? If so, what is it called? I know with elective residency you have to have income coming in, but I don't have income, I have savings, and it seems strange that there wouldn't be an opportunity for me to get a residence visa if I can support myself?

Thanks!

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Old 25th May 2019, 01:32 PM
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You can apply for an elective visa but you will need A LOT of savings. They like pension income because it's safe.

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Old 26th May 2019, 05:27 PM
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Quote:
Originally Posted by NickZ View Post
You can apply for an elective visa but you will need A LOT of savings. They like pension income because it's safe.
My take on this: Have your savings disbursed to yourself in a regular fashion similarly to a pension. Have a track record, several months. Do not necessarily do this in a rational "gotta last until I'm ninety" fashion but rather in a fashion that between this, SSI, etc. looks like at least 40K EUR annually. No guarantees but my attempt as saying "I have a chunk of cash" didn't fly; this was the advice I got which I have yet to try.

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Old 26th May 2019, 05:54 PM
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Quote:
Originally Posted by PauloPievese View Post
My take on this: Have your savings disbursed to yourself in a regular fashion similarly to a pension. Have a track record, several months. Do not necessarily do this in a rational "gotta last until I'm ninety" fashion but rather in a fashion that between this, SSI, etc. looks like at least 40K EUR annually. No guarantees but my attempt as saying "I have a chunk of cash" didn't fly; this was the advice I got which I have yet to try.
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.

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Old 26th May 2019, 06:12 PM
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[Edit] I meant renounced (not announced)

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Old 26th May 2019, 06:13 PM
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Quote:
Originally Posted by PauloPievese View Post
My take on this: Have your savings disbursed to yourself in a regular fashion similarly to a pension. Have a track record, several months. Do not necessarily do this in a rational "gotta last until I'm ninety" fashion but rather in a fashion that between this, SSI, etc. looks like at least 40K EUR annually. No guarantees but my attempt as saying "I have a chunk of cash" didn't fly; this was the advice I got which I have yet to try.
I see that you are an expat in Italy, curious if you can tell me how you made that happen if you didn't try the disbursing your savings method?

Thank you!

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Old 26th May 2019, 10:03 PM
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Quote:
Originally Posted by Layla_38 View Post
I see that you are an expat in Italy, curious if you can tell me how you made that happen if you didn't try the disbursing your savings method?

Thank you!
To quote Abraham Lincoln, "Don't believe everything you see on the Internet."

The forum asked "Where do you live?" I said "USA." It asked "Where do you want to go?" I said "Italy." Suddenly I'm an expat in Italy without ever leaving home.


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Old 27th May 2019, 06:29 AM
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You will be hard pressed to be granted residency on savings alone. You would probably need 7 figure savings.
What I would suggest is to contact an Italian immigration/citizenship attorney and discuss your descendancy issues. My wife did not have a clear cut path to citizenship and had to go to court to present our case. You may be surprised to learn you have an avenue to go forward.

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Old 28th May 2019, 05:37 AM
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FYI, I did some research into your GGF joining the army and several posters have indicated their ancestors did the same thing and simply enlisted doesn't automatically constitute renunciation of Italian citizenship. You might want to inquire further.

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