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Immigration to Italy: visa benefits and advantages of obtaining a residence permit

According to the latest survey by the reputable Gallup Public Opinion Research Institute in 2019, more than 20% of Russians would like to immigrate. That is, every fifth resident of the Russian Federation is not ready to put up with the unfavorable state of affairs in the country: high inflation, falling incomes with a constant increase in prices, the instability of the economic situation, and low security.

Back in 2014, only 7% of the Russians surveyed wanted to immigrate, in 2017 – 17%, and by 2019 – 20%. The indicators are growing, and the active part of the population of the Russian Federation stands for immigration – among middle-aged people and young people, 44% of those polled vote for it. As part of the research, the question was asked about choosing a preferred place for relocation. 40% of respondents favored immigration to European Union countries.

Against the background of stabilization of property prices in Italy in recent years, Russians are increasingly turning their attention to the housing market in this sunny region. What are the prospects for them? And the most common question of Russians: does the acquisition of apartments simplify obtaining a residence permit?

Investments and accommodation
The Mediterranean country has an investment attractiveness for foreign capital. Large volumes of tourist flow, legislative initiatives, economic stability – these and other factors guarantee investors the profitability of renting out property, ensuring liquidity. But acquiring an apartment in Italy is not only a good investment. Those who appreciate the unique architecture, natural beauties, hospitality of the local population, a completely different quality of life, their housing will allow them to stay there not for a week or two, but for years or even settle there forever.

Owning an apartment in Italy greatly simplifies entry into the country. He gets the opportunity to issue a multi-visa without problems and delays. It allows you to stay within the country 180 days per year – 90 days in each half year. A package of application documents is supplemented by an agreement confirming the transaction. Recall that a multi-visa is issued after the purchase, an entry visa is issued for entry for the purpose of acquiring.

Getting a residence permit
Owners of an apartment or villa in Italy who wish to stay on its territory for a longer period than provided for by a multivisa must obtain a residence permit. The conditions for issuing permits for it are regulated by national decree No. 286/1998 as part of the Immigration Law. Types of residence permits and relevant information on the design of each are presented on the website of the Italian police department.

The current provisions of the immigration law do not allow foreign citizens to automatically obtain a residence permit when acquiring real estate in Italy, but when applying for a residence permit, the presence of property is an advantage. The type of residence permit noted is based on Residenza elettiva or “chosen place of residence”.

This type of residence permit has some disadvantages. It does not convert to another type. Foreigners living with permission of Residenza elettiva are forbidden to conduct activities and use free medicine, and the tax rate for them is overstated. To obtain a residence permit, a threshold annual income for the applicant is set at € 31,000. 5% of the income of the main applicant is added for each of the children and 20% for the spouse. Residenza elettiva suits wealthy Russians who dream of living comfortably in their villa in Italy and enjoying the benefits of civilization and the unsurpassed beauty of nature.

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