Bank Guarantee for Tourist Visa for inviting Chinese citizens to Italy

The Bank Guarantee: An Essential Requirement for the Tourist Visa of Chinese Citizens in Italy

In a globalized world, traveling has become a fundamental aspect of modern life. For Chinese citizens wishing to explore the beauties of Italy, one of the key requirements is the bank guarantee, an essential element in the process of obtaining a tourist visa for Italy. This article aims to explain the nature of the bank guarantee and its relevance in the context of tourist visas.

Do you need the Guarantee for a tourist visa?

How much should the guaranteed amount for the Bank Guarantee for a tourist visa be?

The guaranteed value is defined by the Ministry of the Interior and varies based on the duration of the stay in Italy. Generally, the minimum amount required is calculated based on daily expenses, which are around thirty euros, in addition to fixed costs. 

Consequently, for a three-month tourist visa, it is necessary to guarantee an amount of three thousand nine hundred and five euros, 3,905.00 Euros.

In addition to the bank guarantee, foreigners are also required to have a Health Insurance Policy with a ceiling of 30,000.00 Euros, covering any medical expenses during the stay in Italy. This insurance must be mandatorily presented at the embassy.

Indeed, to obtain the visa, it is essential to present the guarantee at the consulate or the Italian embassy in one’s country of origin, as required by the Directive of the Ministry of the Interior dated March 1, 2000.

The bank guarantee is a guarantee provided by a Credit Institution that ensures the fulfillment of an obligation. In the context of tourist visas for Italy, it serves as a financial guarantee for the Italian government, ensuring that the tourist has sufficient economic resources to cover expenses during their stay in the country.

This requirement is fundamental to prevent tourists from becoming a burden on the State in case of emergencies or unforeseen events.

For Chinese citizens, the bank guarantee represents a crucial document. Not only does it confirm their financial solvency, but it is also a sign of reliability and seriousness in the intent to visit Italy for tourism. In an era where security and management of tourist flows have become priorities for many countries, the bank guarantee offers a balance between welcoming international tourists and safeguarding national interests.

Furthermore, the bank guarantee is a common practice in many European countries and reflects compliance with international norms in travel and tourism. This financial instrument not only facilitates international travel but also strengthens diplomatic and cultural relations, in this case between China and Italy, promoting a responsible and safe tourist flow.

The bank guarantee is an essential component in the financial and banking sector, often used to guarantee a wide range of financial obligations. This article aims to explore in detail the nature and functions of the bank guarantee.

By definition, the bank guarantee is a commitment taken by a bank to pay a debt on behalf of a debtor, in case the latter is unable to fulfill their financial obligations. It is, essentially, a guarantee that offers security to the creditor, assuring them that the debt will be paid, regardless of the financial situation of the debtor.

The functioning of the bank guarantee is relatively simple: a subject, the “guarantor” (generally a bank or a credit institution), commits to guaranteeing the payment of a debt in case the “principal debtor” is unable to do so. 

The bank, therefore, acts as a guarantor and offers the creditor greater security on the recovery of the credit.

To obtain a bank guarantee in Italy for a tourist visa for a Chinese citizen, through our company is very simple. 

The typical requirements include:

• Identity Document: Copy of the applicant’s identity document
• Financial Stability: Demonstration of the applicant’s financial ability to guarantee the amount of the guarantee. In our case, just complete the income self-certification form we provide.
• Specific Forms: Completion of the form required by the entity issuing the visa.

How much does a guarantee cost?

To obtain a bank guarantee for a tourist visa in Italy, valid for 90 days but with a validity of 6 months, the price is 135 euros.

 If the visa is necessary for more people or for a very short period and you need customized solutions, do not hesitate to contact us: we will provide you with a free quote in a few minutes.

If you also need health insurance for a tourist visa in Italy for a foreign citizen, we offer two options:

For 30 days: at the price of 80.00€,

For 90 days: at the price of 120.00€.

SPECIAL PROMOTION: The guarantee for foreigners and health insurance for the tourist visa, for a period of 90 days, are available at a total cost of 245.00€.

The price includes:

The issuance of the bank guarantee within 24 hours of receiving all documents and payment.

The delivery of the guarantee for foreigners via email, with our advanced digital signature.

Consultation for the conclusion of the bank guarantee for the tourist visa in Italy.

For any questions, do not hesitate to contact us.

This Guarantee is required to apply for a tourist visa to Italy, but how do I apply for a visa to Italy at the invitation of a citizen residing in Italy?

Tourist Visa for Italy – Simplified Procedure

Now obtaining a tourist visa for the entry of foreigners in Italy is easy and fast.

• 1st Step: Make an appointment at the Italian Embassy in China!
• 2nd Step: Contact us by email at info@vistoperitalia.it to obtain your Bank Guarantee and Health Insurance

The bank guarantee ensures the economic solvency of the subject inviting the foreign guest to Italy, without immobilizing funds on your account.

Health insurance offers assistance and medical care for your guest, in the absence of coverage from the national health service.

Details of the Bank Guarantee:

• Guaranteed amount of 3,905.00 euros, as required by regulations.
• Duration of 180 days from the expected date of entry into Italy.
• Issuance within 24 hours of receiving documents.
• Sent by email with a digital signature.
• Valid for multiple entries within a period of 6 months.
• Details of the Medical Policy:
• Coverage for medical expenses up to 30,000.00 euros in Italy and the Schengen area.

To be stipulated before entering Italy.

The bank guarantee and health insurance are official documents, digitally signed. Verify the details and forward them via email to the guest along with the other requested documents (e.g., airline ticket, invitation letter).

On our website, you will find a standard invitation letter model, accepted by all Embassies. Complete with the details of the inviting party and the guest and affix your signature.

Do you need the Guarantee for a tourist visa?

GENERAL PROCEDURE:

Type of Visa: For tourism, the necessary visa is generally a Schengen type C visa, which allows a stay of up to 90 days in a period of 180 days in all Schengen area countries.

Necessary Documentation:

• Passport: Valid for at least three months beyond the planned departure date from the Schengen area.
• Visa Application Form: Filled out and signed.
• Passport Photo: Very recent and conforming to visa standards.
• Proof of Accommodation: Hotel reservation, invitation letter from a resident in Italy, etc.
• Proof of Financial Means: Bank Guarantee
• Travel Insurance: Minimum coverage of 30,000 euros for medical expenses and repatriation.
• Travel Itinerary: Round trip airline tickets, detailed travel itinerary, etc.
• Where to Submit the Application: The visa application must be submitted at the Italian consulate or Italian Embassy in China
• Processing Time: Generally, visa applications are processed within 30 working days, but it can vary depending on nationality and the time of year.
• Costs: The cost of the visa can vary. Make sure to check the current amount on the website of the Italian consulate or visa center.
• Interview: In some cases, an interview may be required at the consulate or visa center.
• Visa Receipt: Once approved, the visa will be affixed to your passport.
• Entry Rules: Upon arrival in Italy, you may have to present proof of your accommodation, financial means, and travel insurance to border authorities.
• Respect for Visa Conditions: It is essential to respect the duration of the stay and other conditions of the visa to avoid problems during future visa applications.
• Updated Information: The procedures and requirements for the visa can change. It is advisable to check the most recent information on the website of the Embassy or Italian Consulate.

Remember that advance planning and complete preparation of the documentation are crucial for a smooth visa application process.