What is the bank guarantee for work visa?
La bank guarantee It is a required tool for ensure the availability of economic resources sufficient to support the stay in Italy of a non-EU worker. It acts as a guarantee for the Italian authorities that the worker will have the necessary means to cover living expenses during the period of subordinate or seasonal work.
In practice, a bank guarantee is a commitment made by a bank or credit institution to cover certain sums of money in the event of default, such as repatriation costs or other financial needs related to the stay.
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When is it necessary?
Bank guarantee is necessary in the context of Flows Decree, when an Italian employer wants to hire a non-EU citizen for subordinate or seasonal work.
The competent Italian Embassy requires this guarantee to ensure that the worker does not become a burden to the State and that he has sufficient means to support himself during his stay in Italy.
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Call now to get the Bank Guarantee for the Release of the Subordinate or Seasonal Work Visa in 24 hours, with us it is simple and fast:
Requirements for the surety bond
To issue the surety bond, the employer or the employee must guarantee a sum of money proportionate to the length of the stay and the requirements established by the regulations, for the duration of one year the guaranteed sum is: €10.386,43
In general, the value of the surety bond must cover:
Living expenses for the entire period of work according to the table established by the Ministry.
Bank Guarantee Cost
1 YEARS
The cost of the surety, for a maximum guaranteed amount of 10.386,43 euros, for the duration of 1 year, it's
450,00 €
All inclusive, no hidden costs.
No deposits or opening of a checking account are required.
Upon expiration of the bank guarantee, the guarantee is automatically released without any action being required on your part.
List of required documents
- Required documentationTo apply for the surety bond, you will need to submit documents that include:
- Preliminary employment contract or agreement with the employer.
- Copy of Clearance to work issued by the One-Stop Shop for Immigration.
- Copy of two valid identification documents (e.g. identity card, driving licence, passport) of the inviting person (the employer), one of which must be signed and with a telephone number
- Copy of the beneficiary's passport
- Residence permit of the inviter (if not a European citizen)
- Privacy (fill in all fields, date and sign the form we send)
- Invitation letter or declaration of hospitality
- Income documents of the inviter
Procedure for obtaining a Bank Guarantee
It only takes 3 simple steps to quickly obtain a bank guarantee for your visa for Italy:
- Send an email to info@vistoperitalia.it with the documents cited above:
- You will receive our form to fill in and the data for the bank transfer.
We will send you all the necessary instructions via email so you can proceed easily. - Send the copy of the immediate bank transfer and the completed and signed form to the same email from which you received the instructions and you will receive the bank guarantee by email.
Invitation Letter or Declaration of Hospitality
A this link you will be able to find the Invitation Letter to fill out to invite a foreign citizen to Italy.
Contractual documents
Do you have any other questions?
Call now to get the Bank Guarantee for the Release of the Subordinate or Seasonal Work Visa in 24 hours, with us it is simple and fast:
F.A.Q.
Contact us for a free consultation
If you need assistance in obtaining a bank guarantee for the issuing of a visa for employment or seasonal work, contact us. Our team of experts is ready to guide you in choosing the solution that best suits your needs, ensuring a simple and fast procedure: