Insurance Guarantee for Entry Into Italy
An insurance guarantee is a guarantee that may be required to grant an entry visa to a foreign national who applies for it. As we know, there are different types of Visas for which a surety bond may be required. Probably the most common case is the tourist entry Visa.
Table of Contents
- Forecasts For Tourism In Italy In 2023
- Financial Means Required For The Granting Of A Visa
- Countries For Which A Visa Is Required
- How To Take Out An Insurance Guarantee
Forecasts For Tourism In Italy In 2023
According to data for 2022, Italy is the seventh most popular destination for visitors. The tourism sector accounts for as much as 14% of Italy’s GDP, employing around 1.5 million workers. The figures for the start of 2023 are very reassuring in that regard. Indeed, in the first two months of the year, there was an increase in admissions to Italy, compared to the same period of the previous year, of around 46%. This increase was mainly due to foreign admissions, which rose by around 70%.
Financial Means Required For The Granting Of A Visa
According to Italian legislation, a foreign citizen wishing to enter the national territory must have adequate financial means to ensure sustenance during his stay. These resources constitute one of the essential conditions for entry into the Schengen area.
The foreign citizen can demonstrate this availability using cash, a bank or insurance guarantee, credit instruments, or deeds certifying the availability of income in Italy.
Countries For Which An Entry Visa Is Required
Almost all non-European countries require an entry Visa and, consequently, the presentation of means of subsistence. The following table lists all the countries that require a Visa and, therefore, also a guarantee.
| Afghanistan | Algeria | Angola | Armenia |
| Azerbaijan | Bahrein | Bangladesh | Bielorussia |
| Belize | Benin | Bhutan | Bolivia |
| Botswana | Burkina Faso | Burundi | Cambogia |
| Camerun | Capo Verde | Rep. Centrafricana | Chad |
| Cina | Comore | Congo | Costa d’Avorio |
| Cuba | Rep.Dem. Congo | Gibuti | Rep. Dominicana |
| Ecuador | Egitto | Guinea Equatoriale | Eritrea |
| Etiopia | Fiji | Gabon | Gambia |
| Ghana | Guinea | Guinea-Bissau | Guyana |
| Haiti | India | Indonesia | Iran |
| Iraq | Giamaica | Giordania | Kazakhstan |
| Kenya | Kosovo | Kuwait | Kirghizistan |
| Laos | Libano | Lesotho | Liberia |
| Libia | Madagascar | Malawi | Maldive |
| Mali | Mauritania | Mongolia | Marocco |
| Mozambico | Namibia | Nepal | Nigeria |
| Nord Corea | Marianne Nord | Oman | Pakistan |
| Papua N. Guinea | Filippine | Qatar | Russia |
| Ruanda | Sao Tomè | Arabia Saudita | Senegal |
| Sierra Leone | Somalia | Sud Africa | Sri Lanka |
| Sudan | Suriname | Swaziland | Siria |
| Tajikistan | Tanzania | Thailandia | Timor-Est |
| Togo | Tonga | Tunisia | Turchia |
| Turkmenistan | Uganda | Uzbekistan | Vietnam |
| Yemen | Zambia | Zimbabwe |
How To Sign An Insurance Guarantee
An insurance guarantee can be taken out by an Italian citizen or by a foreign national residing in Italy with a regular residence permit. It is necessary to contact an insurance company and provide several documents. This documentation may include:
– Identity documents of the policyholder and beneficiary.
– Tax code of the policyholder.
– Policyholder’s last two pay slips.
– Contractor’s tax return.
The surety is never refundable, even in the event of a denial of an entry visa to Italy. For more information on insurance sureties, please contact us.
