Italy’s 2025 immigration framework offers two highly appealing residency pathways for non-EU nationals who wish to live in Italy without working: the Elective Residence Visa and the Golden Visa. Both options allow high-net-worth individuals to enjoy long-term residence in Italy, with different eligibility requirements and strategic considerations.
Whether you’re a retiree seeking la dolce vita or an investor exploring EU residency through capital deployment, Italy’s updated policies provide flexibility—if you know which route is right for you.
Explore your options for Italy Residency through concise, commitment-free guidance
Elective Residence Visa: For Financially Independent Applicants
The Italy Elective Residence Visa is designed for individuals with substantial passive income who want to reside in Italy long-term without engaging in any employment or business activities. It is one of the most popular non-working residency options in Italy for retirees and independently wealthy individuals.
Key eligibility requirements include:
* Stable passive income from pensions, investments, or rental properties (typically €31,000+ annually for individuals, more for families)
* No employment or freelance work, either in Italy or abroad
* Proof of accommodation in Italy (lease or owned property)
* Private health insurance valid in Italy
* Evidence of ties to Italy or a demonstrated plan to live in Italy for an extended period
Once approved, the elective residence permit is issued for one year and is renewable annually. However, it does not lead directly to Italian citizenship, and applicants must establish permanent residence and meet Italian tax residency rules to stay long-term.
Italian Golden Visa: Investment-Based Route to Residency
For investors looking for a more flexible, business-aligned route, the Italy Golden Visa (Investor Visa) offers residency by investment. It’s part of Italy’s broader effort to attract foreign capital while offering visa-free Schengen access and a clear pathway to Italian permanent residency and citizenship.
Eligible investments include:
* €2 million in Italian government bonds
* €500,000 in an Italian limited company, or €250,000 in an innovative startup
* €1 million in a philanthropic project of public interest
The residency permit is initially valid for two years, with renewal options available. Unlike the elective residence visa, the Golden Visa allows business activities and is ideal for entrepreneurs, investors, or those seeking long-term mobility in Europe.
After 5 years, Golden Visa holders can apply for permanent residency, and after 10 years of legal residence, they may be eligible to apply for Italian citizenship.
Key Differences and Strategic Considerations
The elective residence visa is ideal for retirees or digital nomads who don’t need to work, while the Golden Visa is tailored to investors and entrepreneurs interested in leveraging Italy’s economy or gaining EU mobility through investment.
Choosing the Right Path to Live in Italy
As of 2025, Italy offers two primary non-working residency options: the Elective Residence Visa for the financially independent, and the Golden Visa for active investors. Both offer the chance to live in Italy, but the best choice depends on your income sources, lifestyle goals, and whether you intend to work or invest.
To navigate this process successfully:
* Review your income or investment capacity
* Assess your tax implications and legal eligibility
* Consult a qualified immigration expert to assist with the application process and ensure compliance with Italian law
Whether you're retiring in Tuscany or investing in Milan, Italy’s 2025 visa programs offer tailored paths to residency—and a chance to make Italy your home.
