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).

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

• applicant’s  original bank account statement (in any currency) with transactions of at least the last 3 months, with the signature of the authorized officer and stamp, or equipped with a QR code. Bank account statement is valid maximum for 1 month;

•  bank guarantee fidejussione bancaria or polizza fidejussoria (copy) from the inviting company. 
(Business visa for models!)

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).

*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.