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Financial Guarantees

All applicants who intend to travel to Italy or the Shengen Territory must provide proof that they have sufficient funds to cover the expenses of their planned stay (most recent bank statement/s).

The sum of financial guarantee* required to travel to Italy is calculated on the basis of the parameters approved be the Ministry of Internal Affairs of Italy (see the table below) and does not include the costs of travel tickets and accommodation.

Any of the following documents will be considered sufficient proof of financial resources:

applicant’s  PERSONAL original Bank account statement with transactions for the last 3 months with authorized stamp and signature. Bank account statement is valid maximum for 1 month;

 host person’s bank guarantee (Fidejussione bancaria or Polizza fidejussoria – copy from original signed by the signatory of the Invitation Letter).

Sponsorship is allowed ONLY for minors by their parents. The following documents should be provided for sponsorship:

1. parent’s financial guarantee;

2. documents confirming family relationship (minor’s birth certificate – original + copy). In case of changing the surname / s, supporting documents must be also provided (marriage certificate, divorce certificate, name change certificate, etc.);

3. sponsorship letter in free form, in English or Italian;

4. round-trip tickets both for the parent/-s and the minor;

5. a confirmation of an accommodation for the trip shared with the minor;

6. if only a child needs to apply for a visa (parent/-s  have already a valid Schengen visa),  also should be provided:
– the original of foreign passport of the parent/s;
– a copy of the page with personal data and a photo;
- a copy of the parent/-s valid visa.

Attention! If a minor is accompanied on the trip by one of the parents, only this parent can be a sponsor. If a minor travels without parents or he is accompanied by both parents, any of his parents can be a sponsor.

 

Financial guarantees can be provided in rubles, dollars and sterling pounds on euro exchange rate.

Minimum available financial resources required to cover the cost of suitable accommodation and other expenses in Italy (in Euros).

 

Duration of a trip For one person For every person of a group (2 or more)

1-5 days: fixed amount

269,60

212,81

6-10 days: per person / a day

44,93

26,33

11-20 days: fixed amount + per person / a day

51,64

36,67

25,82

22,21

over 20 days : fixed amount + per person / a day

206,58

27,89

118,79

17,04

*How to calculate? For 15 day trip: 51,64 (fixed amount) + 36,67 * 15 = 601,69 euro’s.

The following documents cannot be submitted as a financial guarantee: certificate of 2NDFL, certificate of for the currency exchanged, cash money or bank account statement without authorized stamp and signature. An exception for the above are if the bank account statement presented is from Tinkoff bank, Alfa-bank, Sberbank, VTB and electronic bank account statement from the branches of the banks which are not present in Russia.

 * -  when applying for a visa for family reasons, financial guarantee isn’t obligatory to provide for EU citizens family member (spouses; partners with whom the Union citizen has contracted a registered partnership, on the basis of the legislation of a Member State, if the legislation of the host Member State treats registered partnerships as equivalent to marriage and in accordance with the conditions laid down in the relevant legislation of the host Member State; the direct descendants who are under the age of 21 or are dependants and those of the spouse or partner; the dependent direct relatives in the ascending line and those of the spouse or partner).