The Italian Elective Residence Visa allows financially self-sufficient foreign nationals to gain settlement rights in Italy without the need to make a significant capital investment. The individual specifically has to be able to provide proof of having a stable, passive source of income generating more than €31,160 per annum for individual applicants, and more than €38,000 per year for a married couple. For every dependent child included in an application, the required amount goes up by an additional 5%.