No, the Italy Digital Nomad Visa does not require any financial investment in the country; applicants must demonstrate a minimum annual income of €28,000 to qualify.
The Italy Digital Nomad Visa is designed for non-EU remote workers and freelancers who wish to reside in Italy while working for non-Italian clients or employers. Unlike investment-based visas, this visa focuses on the applicant's income and professional qualifications rather than requiring a financial investment in Italy. Below are the key financial requirements:
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Income Verification:
- Minimum Income Threshold: Applicants must provide evidence of an annual income of at least €28,000, ensuring they can support themselves financially during their stay in Italy.
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Proof of Income:
- Employment Documentation: Remote employees should submit employer letters detailing their role and salary, along with recent pay slips.
- Freelancers and Self-Employed: Independent professionals are required to provide client contracts, invoices, and bank statements showing consistent income.
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Additional Financial Considerations:
- Health Insurance: Applicants must have comprehensive health insurance valid in Italy for the entire duration of their stay.
- Accommodation: Proof of accommodation in Italy, such as a rental agreement or property ownership documents, is necessary.
Conclusion:
The Italy Digital Nomad Visa does not impose any investment requirements. Eligibility is based on demonstrating a sufficient annual income and meeting other criteria, allowing remote workers to reside in Italy without the need for financial investment in the country.