Interesting take on Italy, it's one of those countries that's not on the radar of expats or digital nomads. Glad you're covering these types of programs for us to know!
@@NomadElite Bulgaria and Serbia seem like nice places, but not as easy to get residency there as say, Portugal's D7 Visa or Spain's non-lucrative Visa (i.e. bank savings). I heard Romania also has low taxes as well!
Bulgaria and Romania offer reasonable taxes - definitely worth considering if you want to take advantage of the cheap yet skilled labor market, and the low taxes. Tax havens (0% tax) come at a very high price and often aren't worth your consideration UNLESS you make 7 figures a year.
The incentives for Southern regions are linked to them being the lesser developed regions of Italy; they do enjoy the warmest climate and the most affordable cost of life, but one should point out that healthcare there is mostly not at the same level as the rest of Italy, so I think more mature expats might wanna consider that aspect.
I totally agree. It's a trade-off. You give up something (higher standard and healthcare) to get something (better weather and cheaper cost of living).
I love Italy, but financially speaking, living there doesn’t interest me. I am a frugal guy who loves saving more than spending. That’s why I live here in the Philippines. But I love and miss Italy. Maybe I will vacation there again next year if prices are reasonable.
My mom was Italian/Norwegian, so i was much in Napoli, Italy as a kid. I live in The Philippines too. Been here in Cebu City since October 2012. Good to use it as a base when i travel around. And because i have stayed outside Norway for over 3years straight , i pay 15% tax. Its good to save 😀🇵🇭
@@NomadElite I dont remember much from those trips late 70s as am born 75 but out the 80s, it was cozy with many vendors , small shops and small places to eat . Many places had est all you can pizza and Spaghetti . It was cheap, maybe because they used Italian lite.people was crazy about football and Diego Maradona did play at Napoli. Sadly ,i was never able to see him play there but did see him play with Argentina , on a friendly gane in Norway 1986, few months before the won world cup. He was like a god I also remember, some parts of Napoli, was dirty with much trash . Some poor and crime .Seems like it was many religious , because we went church there few times and it was crowded and important to give some to the the church . I also remember , it was hard to speak English there .My grand dad had to translate, since it was his town and Country. Well, i did atleast experience that side of me My dads side, o have never met He was seaman from Ghana. Supposed to go look for him and my roots but something happend, and i ended up in The Philippines as my first trip outside Europe. 🤣
Italy has the imposto di bollo, kind of a tax on wealth, a big stone in your foot. In my humble opinon, Italy needs to copy the way Portugal is going in terms of taxes and attracting people with talent and investments.
They're making it easier for skilled workers and students to come in. Considering Italy's median age, it's about time to open the doors to skilled migrants.
just few questions: does Italy tax it's citizen on its worldwide income? can a person be a non domicile tax resident in Italy? if a person has a permanent residency status in Italy, can they travel to any eu countries without a visa?
Great video! out of interest do know if the the 1euro properties give you residency in Italy . I am aware in some areas you have to invest at least 50,000euros into renovation of the property, but the question is, after that do you actually get to live there. Any advice appreciated
Interesting take on Italy, it's one of those countries that's not on the radar of expats or digital nomads. Glad you're covering these types of programs for us to know!
Whats your favorite country in Europe?
@@NomadElite I would say Portugal for now, but there are still many countries in Europe I haven't visited yet!
@James What's your take on Eastern Europe? Portugal and Italy offer some of the most enticing tax incentives.
@@NomadElite Bulgaria and Serbia seem like nice places, but not as easy to get residency there as say, Portugal's D7 Visa or Spain's non-lucrative Visa (i.e. bank savings). I heard Romania also has low taxes as well!
Bulgaria and Romania offer reasonable taxes - definitely worth considering if you want to take advantage of the cheap yet skilled labor market, and the low taxes. Tax havens (0% tax) come at a very high price and often aren't worth your consideration UNLESS you make 7 figures a year.
The incentives for Southern regions are linked to them being the lesser developed regions of Italy; they do enjoy the warmest climate and the most affordable cost of life, but one should point out that healthcare there is mostly not at the same level as the rest of Italy, so I think more mature expats might wanna consider that aspect.
I totally agree. It's a trade-off. You give up something (higher standard and healthcare) to get something (better weather and cheaper cost of living).
I love Italy, but financially speaking, living there doesn’t interest me. I am a frugal guy who loves saving more than spending. That’s why I live here in the Philippines. But I love and miss Italy. Maybe I will vacation there again next year if prices are reasonable.
My mom was Italian/Norwegian, so i was much in Napoli, Italy as a kid. I live in The Philippines too. Been here in Cebu City since October 2012. Good to use it as a base when i travel around. And because i have stayed outside Norway for over 3years straight , i pay 15% tax. Its good to save 😀🇵🇭
Where did you stay in Italy? Yes, it's fairly expensive these days, especially in central and northern Italy.
@Fred What was Napoli like back then?
@@NomadElite
I dont remember much from those trips late 70s as am born 75 but out the 80s, it was cozy with many vendors , small shops and small places to eat . Many places had est all you can pizza and Spaghetti .
It was cheap, maybe because they used Italian lite.people was crazy about football and Diego Maradona did play at Napoli. Sadly ,i was never able to see him play there but did see him play with Argentina , on a friendly gane in Norway 1986, few months before the won world cup.
He was like a god
I also remember, some parts of Napoli, was dirty with much trash .
Some poor and crime .Seems like it was many religious , because we went church there few times and it was crowded and important to give some to the the church .
I also remember , it was hard to speak English there .My grand dad had to translate, since it was his town and Country.
Well, i did atleast experience that side of me
My dads side, o have never met
He was seaman from Ghana. Supposed to go look for him and my roots but something happend, and i ended up in The Philippines as my first trip outside Europe. 🤣
@@fredandretrondsen9015 glad to hear you are enjoying it here. I’ve always wanted to visit Naples. It seems like a place rich with Italian culture.
Great country, I lived there for a year
That's good to hear - what part of Italy did you live in?
@@NomadElite I was touring with my Funk Band, we played Rome/Milan/Naples/Florence, three months each totalling a year. 1991-1992 great experience
Sounds like one of these gold old days stories that my father liked to tell.
@@NomadElite ‘70s/‘80s/‘90s were great decades especially for music. I had some fond memories of those times
Italy has the imposto di bollo, kind of a tax on wealth, a big stone in your foot. In my humble opinon, Italy needs to copy the way Portugal is going in terms of taxes and attracting people with talent and investments.
They're making it easier for skilled workers and students to come in. Considering Italy's median age, it's about time to open the doors to skilled migrants.
just few questions:
does Italy tax it's citizen on its worldwide income?
can a person be a non domicile tax resident in Italy?
if a person has a permanent residency status in Italy, can they travel to any eu countries without a visa?
We will help you find the best possible visa for your needs. Please book a consultation with us, here: calendly.com/nomadelite
Hey, I recently obtained my Italian citizenship through family, but I have never been a resident. As a citizen, am I still eligible for this?
Would love to advise you on this. Please book a consultation with me, here: calendly.com/nomadelite
Great video! out of interest do know if the the 1euro properties give you residency in Italy . I am aware in some areas you have to invest at least 50,000euros into renovation of the property, but the question is, after that do you actually get to live there. Any advice appreciated
There are many solutions for you. Please book a consultation so you can get started filtering options ASAP. calendly.com/nomadelite