Dear Karl thank your for amazing videos. I would like to point out that something you said twice in this video is not accurate. I am quoting you:" as long as you are not taking away jobs ". Actually, Italy, like the rest of Europe has been facing labour shortages in several sectors for quite some time. This is due to a labour demand and supply mismatch. Currently, in Italy there are half million vacancies which cannot be filled. Italy, in reality welcomes anybody (regardless where they are from) who has the right skill set which satisfies the labour market needs. Needless to say, provided that people have a valid residence/working permit. Just to clarify, this comment is not a criticism or what so ever, I am just adding this comment so that also USA based people know that if they got they right skills can find jobs in Italy. This awareness among Americans, potentially could result in some vacancies being filled and amplify the positive impact you are having on the country. Thank you for what you do. It would be lovely to meet you in person in Sicily!
Thank you for adding to the conversation. Are you saying with a work permit, they can enter and stay beyond the tourism limits, if yes do you know what skills are in demand and the process of obtaining the work visa?
@@Karl__Pierre Yep it's true there is LIST folks interested Google IT- pretty sure medical field and sure some tech fields. I saw the list on an official Italian website, you get a bit of a fast track! I actually thhink some where skilled but labor type jobs not just high level ones...
Hi Karl, thanks for your video. Just a clarification: Italy no longer accepts "rental income" as qualifying income for the elective residency visa. I was just told that last week from the embassy in NYC. This is my main source of income (which is over the requirement) and how I wanted to make the move, so as you can imagine...I have to pick myself up from the floor and seriously PIVOT.
But I bet they accept dividend distributions. Have your rental properties feed up to your Corp and then get dividends from your corp. Did they review acceptable forms if income?
Sorry that happened to you, I can kind of see why as you could lose the tenants or property...Try "self-employed" make an LLC for your biz and pay yourself as he suggested!
One work around- GUYS that I saw mentioned by an Italian is: get a study visa so yes go study something- in Italy then than is easy to roll over into work visa! Strange I know...I looked it up, it looks fairly smooth for Italy LOL. The income req. is lower for "students" and you can work up to 20 hours a week!
Thanks for this and all your content. I’d love to hear something specific about the different options for bringing family to Italy. It seems like one way they come with you from the start, but the other way they have to wait 3-6months. I don’t understand the pros and cons of each way.
Thanks for the channel. I’ve been looking at property options online and have been considering countries like Spain,Italy, France ,Portugal. Basically warm weather regions. One thing I’ve noticed is a lot of older remodelled stone character homes in Italy vs newer builds in Spain. Aesthetically I prefer the older stone homes of Italy but otherwise Spain seems more appealing to live long term. Are there many older character homes available for sale in Spain to the same degree as southern Italy?
@@Karl__Pierre yes noticed the different style. I watch the Alicanti real estate channel for Spain and it seems to be mostly newer build condos. Do you see a lot of older character homes for sale in Spain? Does Spain have a lot of the older smaller villages like you see featured in Italian real estate channels?
How often do you have to show this income? Initially or ongoing? I would hope to get residency on my current income, and then when I actually move there it would be much less, unless I travel back and forth. My job does not translate to remote, but I could easily make the minimum requirement if I traveled back to the US.
You need to show updated records every renewal and must meet the same requirements as you met to be given the ERV. They would also frown upon you returning to the US part time for work as the ERV is geared toward retired and financial independent of work. You would also need to maintain a home in Italy while you were away.
How about using an IUL, an insurance index funds is an investment but I'm able to borrow from it to pay for whatever I want so I borrow from myself and still grow my investment account every month. That would be an investment technically correct?
Depends are you drawing down from it currently or is it still is the payment cycle? I think it boils down to how does it report on your taxes and will the Italian government understand the product. My best advice is contact an immigration attorney to review your best options. It will be worth the consult
I own a small home in Sardinia that I use as my primary residence. I make enough passive income to have been awarded the Italian Elective Residency Visa. Question, am I able to make additional income through AirBnB investment properties located in Italy? I'd like to buy additional property here to garner additional monies, but I am not sure if this is allowed.
You can definitely earn additional income through Airbnb rentals in Italy, but there are a few things to keep in mind: Local regulations, tax implications, registration, residency requirements, etc. It's a good idea to consult with a local real estate expert or legal advisor to navigate these requirements and maximize your investment opportunities.
Hi Karl , love your videos, we watch as a family here in AsiA. I am also American, Have the ERV and we land on Aug 1. Do you have a template on how to fill out the PDS yellow kit packet for ERV? We are three, like yourself, does our 6 year old son also need to appear at the post office and Questura ?
Also, if you’re just looking for content ideas. I’d love to see you compare some of the tax applications of your real estate portfolio. For example how short-term rentals are taxed in US vs Brazil vs Spain vs Italy, and similar for other classes of real estate.
Are there any capital gains as a non resident or citizen when selling in these countries? I live in Jax and also have a Polish passport, so in this case it’s easy., when investing in Poland. However how is Spain, Portugal, Greece, Croatia or South American countries in this case? Argentina prices are making opportunities for example? Also are your property taxes higher without home owners exemption like stateside ? Thanks your video
I would recommend paying an Italian immigration attorney to advise you in this area. I personally don't have the expertise and don't want to provide misinformation.
I think new Zealand is excluded because Italians can't buy real estate there. I think best bet would be to book a call with an attorney familiar with real estate.
Bonjourno! We are retired educators considering moving to Italy using the ERV. What is the time frame? I read online about the required documents, but must these documents be transcribed? Would you recommend a lawyer? Grazie! Dean & Cindy
Explore the beauty of Italy during our upcoming Sicily Tour: bit.ly/sicilysplashpage
Great JOB Karl, you do a fantastic job covering so many helpful subjects….thanks
Glad you like them!
Best video, very clear, thanks.
Thanks for this info Karl!!!
Any time!
Dear Karl thank your for amazing videos.
I would like to point out that something you said twice in this video is not accurate.
I am quoting you:" as long as you are not taking away jobs ".
Actually, Italy, like the rest of Europe has been facing labour shortages in several sectors for quite some time. This is due to a labour demand and supply mismatch. Currently, in Italy there are half million vacancies which cannot be filled.
Italy, in reality welcomes anybody (regardless where they are from) who has the right skill set which satisfies the labour market needs. Needless to say, provided that people have a valid residence/working permit.
Just to clarify, this comment is not a criticism or what so ever, I am just adding this comment so that also USA based people know that if they got they right skills can find jobs in Italy. This awareness among Americans, potentially could result in some vacancies being filled and amplify the positive impact you are having on the country.
Thank you for what you do.
It would be lovely to meet you in person in Sicily!
Thank you for adding to the conversation. Are you saying with a work permit, they can enter and stay beyond the tourism limits, if yes do you know what skills are in demand and the process of obtaining the work visa?
@@Karl__PierreHonestly the jobs we search the most are doctors
@@Karl__Pierre Yep it's true there is LIST folks interested Google IT- pretty sure medical field and sure some tech fields. I saw the list on an official Italian website, you get a bit of a fast track! I actually thhink some where skilled but labor type jobs not just high level ones...
Hi Karl, thanks for your video. Just a clarification: Italy no longer accepts "rental income" as qualifying income for the elective residency visa. I was just told that last week from the embassy in NYC. This is my main source of income (which is over the requirement) and how I wanted to make the move, so as you can imagine...I have to pick myself up from the floor and seriously PIVOT.
But I bet they accept dividend distributions. Have your rental properties feed up to your Corp and then get dividends from your corp. Did they review acceptable forms if income?
Oh no. This is where most of my income comes from so that would be a big fat problem.
Sorry that happened to you, I can kind of see why as you could lose the tenants or property...Try "self-employed" make an LLC for your biz and pay yourself as he suggested!
@@Karl__Pierre That sounds right- AND they should get a lawyer to do the process in Italy- they'd succeed.
One work around- GUYS that I saw mentioned by an Italian is: get a study visa so yes go study something- in Italy then than is easy to roll over into work visa! Strange I know...I looked it up, it looks fairly smooth for Italy LOL. The income req. is lower for "students" and you can work up to 20 hours a week!
Thanks for sharing
Thanks for this and all your content. I’d love to hear something specific about the different options for bringing family to Italy. It seems like one way they come with you from the start, but the other way they have to wait 3-6months. I don’t understand the pros and cons of each way.
Will do!
Thanks for the channel.
I’ve been looking at property options online and have been considering countries like Spain,Italy, France ,Portugal. Basically warm weather regions.
One thing I’ve noticed is a lot of older remodelled stone character homes in Italy vs newer builds in Spain.
Aesthetically I prefer the older stone homes of Italy but otherwise Spain seems more appealing to live long term.
Are there many older character homes available for sale in Spain to the same degree as southern Italy?
Different style...remember Spain was very rich during colonial times so alot of the homes were built 1700-1800 so style wise not the same.
@@Karl__Pierre yes noticed the different style. I watch the Alicanti real estate channel for Spain and it seems to be mostly newer build condos. Do you see a lot of older character homes for sale in Spain? Does Spain have a lot of the older smaller villages like you see featured in Italian real estate channels?
Is there more info other than the income? Do you have other videos?
@AnnMarie13 trying to do a collaboration with an attorney. At present I don't have that.
How often do you have to show this income? Initially or ongoing? I would hope to get residency on my current income, and then when I actually move there it would be much less, unless I travel back and forth. My job does not translate to remote, but I could easily make the minimum requirement if I traveled back to the US.
Good question I'm not sure perhaps at each renewal
You need to show updated records every renewal and must meet the same requirements as you met to be given the ERV. They would also frown upon you returning to the US part time for work as the ERV is geared toward retired and financial independent of work. You would also need to maintain a home in Italy while you were away.
How about using an IUL, an insurance index funds is an investment but I'm able to borrow from it to pay for whatever I want so I borrow from myself and still grow my investment account every month. That would be an investment technically correct?
Depends are you drawing down from it currently or is it still is the payment cycle? I think it boils down to how does it report on your taxes and will the Italian government understand the product. My best advice is contact an immigration attorney to review your best options. It will be worth the consult
So, even though I’m not a resident, I can still purchase property for a vacation home?
Yup, I'm not a resident and own 4 properties in Italy. Just remember that owning real estate doesn't qualify you for residency.
@@Karl__Pierre I’m happy to know that. Not trying to be a resident there, but it would be nice to have a place there to visit.
@WrldExplorer for sure Italy in the summer is awesome. It's at times cheaper than Colombia or near equivalent
Yes that’s what I am wondering about remote work as well as we are a family of five so is it $30k per family member?
Not sure about that I think the calculation varies on family.size but not directly
I own a small home in Sardinia that I use as my primary residence. I make enough passive income to have been awarded the Italian Elective Residency Visa. Question, am I able to make additional income through AirBnB investment properties located in Italy? I'd like to buy additional property here to garner additional monies, but I am not sure if this is allowed.
You can definitely earn additional income through Airbnb rentals in Italy, but there are a few things to keep in mind: Local regulations, tax implications, registration, residency requirements, etc. It's a good idea to consult with a local real estate expert or legal advisor to navigate these requirements and maximize your investment opportunities.
Hi Karl , love your videos, we watch as a family here in AsiA.
I am also American, Have the ERV and we land on Aug 1.
Do you have a template on how to fill out the PDS yellow kit packet for ERV?
We are three, like yourself, does our 6 year old son also need to appear at the post office and Questura ?
No I don't. Consult an attorney for legal assistance. Hope the move went well
Also, if you’re just looking for content ideas. I’d love to see you compare some of the tax applications of your real estate portfolio. For example how short-term rentals are taxed in US vs Brazil vs Spain vs Italy, and similar for other classes of real estate.
Thanks for the idea!
Are there any capital gains as a non resident or citizen when selling in these countries?
I live in Jax and also have a Polish passport, so in this case it’s easy., when investing in Poland. However how is Spain, Portugal, Greece, Croatia or South American countries in this case? Argentina prices are making opportunities for example? Also are your property taxes higher without home owners exemption like stateside ?
Thanks your video
Tax laws vary by jurisdiction. Best to consult a tax professional in each country as you settle on transacting there.
What long term visa would you recommend for me to be out there for roughly 2 years and willing to work in Italy
I would recommend paying an Italian immigration attorney to advise you in this area. I personally don't have the expertise and don't want to provide misinformation.
Grazie 🎉😊
Prego
How do you tell who can buy in Italy? I'm from New Zealand and finding it hard to find that information.
I think new Zealand is excluded because Italians can't buy real estate there. I think best bet would be to book a call with an attorney familiar with real estate.
Bonjourno!
We are retired educators considering moving to Italy using the ERV. What is the time frame? I read online about the required documents, but must these documents be transcribed? Would you recommend a lawyer? Grazie! Dean & Cindy
Have to contact an immigration attorney as this is out of my scope
Can I get a 3 year Italy work visa from Qatar?
I beleive so, but I encourage you to meet with an Attorney for guidance
Karl how I could contact you? Thank you Jacob
Just did what's up? You can also book a call at www.entplife.com
Sooo Stated Income
From Real Estate I Rent🤔
GREAT, THANKS
Not just stated, but you will have to show it on your tax returns.
Your Brother
Can Get Stated Income Loan
To Match Income He Wan Use
Just go about it legit
401k and Roth IRA distributions don’t qualify for passive income.
What does?
do Brazil Residence Visa
Will do