One of the requirements to be met when applying for a Schengen visa is “that the applicant possesses sufficient means of subsistence both for the duration of the intended stay and for the return to his/her country of origin or residence, or for the transit to a third country into which he/she is certain to be admitted, or that he is in a position to acquire such means lawfully, in accordance with Article 6 (1)(c) and (3) of the Schengen Borders Code”
That said, applicants:
– must submit proof that they have sufficient means of subsistence both for the duration of the intended stay and for the return to their country of origin or residence, or for the transit to a third country where they are sure to be admitted, or that they are in a position to acquire such means lawfully;
– are also required to prove accommodation or proof of sufficient means to cover accommodation costs during the stay.
It should also be taken into consideration if the accommodation is provided free of charge or/and the cost of the stay is covered entirely or partly by a trusty sponsor.
A list of required documents may be:
Because in some countries applicants may obtain a loan in cash just for lodging the visa application and proving to the consulate the means of subsistence – and the cash is returned when the visa application has been submitted – cash is not, in principle, accepted as evidence of financial means.
Giuditta Petreni has over 10 years of experience in assisting companies and business investors with relocation of managers and staff to Italy. Giuditta has extensive experience advising corporate and private clients on a full range of Italian immigration categories. She is fluent in Italian and English.
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