you can still buy a home if you do not have residency, you just can stay only 90 days out of 180 days. I am buying currently and don't plan on needing residency for about 3 years. So am going to use it as a holiday home.
Boy did I find out how challenging it was to move to italy. The residency the amount of PASSIVE info. Nick was great. So I decided Portugal was better for me. PASSIVE income is not the same as INCOME or SAVINGS nope...Even investments DO NOT COUNT. Its very complicated. So I will go back and forth . I did buy a property in Italy but paid the 9 percent tax because it's now a holiday home....Gina in UPstate New York USA moving to Portugal/Italy
Mexico is competing with Italy for my future. The biggest issue with me is the taxation of my rental income from properties that I've purchased over the years. If they taxed only my military pension and SSI, I'd be in better shape. Another issue is the Italian driver's license. Even if you come for 3 months, you'll still need to get around but you can't buy a car.
@@SuperSavvyTravelersLLC It's been a year of research, asking questions and making decisions. I am also selling my renovation and building a small home so I can slowly downsize. And until I get my residency and citizenship I am not selling all I own and my home just in case something happens and they say no or who knows. I watched people sell everything and arrive with a suitcase then have to go back. That would be depressing. So not burning bridges until I know for sure...
Even with a good attorney, that "passive income" thing can be a real sticking point. Best to use an Italian home as a holiday home 6 months out of the year. Italy is very, VERY risky as a retirement destination (let alone their very high income tax rates, including rates on retirement income...oh, unless you're in a 7% zone (didn't it used to be 5%?) that you only enjoy for a few years.) Remember, in the USA, your SS is tax exempt up to a certain income level, and then you have a sliding % that is taxed over that. In Italy, it's ALL taxable at fun European rates.
@@SuperSavvyTravelersLLC No, I'm not. I have both passive and active income. I'll end up paying taxes on my SS here in USA...still, it's less than I'd pay in Italy! Not willing to hand my hard-earned money over to the Italian system...especially if my car was set on fire for the privilege. I also noticed that you corrected yourself on your statement about...some...Italians hating Americans. Yeah, sign me up.
Hello there my parents are Italian I have an Italian passport I’ve been to Italy many times but I’ve never lived there ! my wife is American we want to but a home in the next couple years or so so what will I have to prove?
If you have an Italian passport you are all good. These visas do not apply to you. Your wife may have to get an immigrant visa but it is a lot simpler than en elective residence visa
I have dual citizenship (United States and Italian). My wife is not a dual citizen (United States). Do I need to show income and can my wife be on the deed of an apartment that I plan to purchase?
You don't need a visa, so you din't need to show passive income, you are an Italian citizen, and no problem for your wife, you are married and yes she can be on the deed.
@@dolcevitaCC Thank you for the quick response. One other question. Can my wife stay past the 30 days? or does she have to leave for a certain period of time and then come back? Thank you again.
@@craigmiller5926 no, your wife doesn't have to leave, basically, she is in the same situation as you, because you are married, you both can stay as long as you want, just like regular Italian citizen. You should just inform yourself on some potential document she should request, but she would have no problem to obtain it. Ask your nearest Italian consulate for that and for their confirmation on what I explained.
Your wife can be on the deed for sure. That is not dependent on citizenship or residency. You do not have to show income. All you have to do is show up. Your wife will have to do something. If it is the same with other EU citizens, once you get your residency, she can get an immigrant visa. That is what I am doing because Pete is an EU citizen. I am not an immigration specialist so you probably want to double check with one but that is what I am doing.
If you move to Italy permanently, then after you register with your local commune, your wife needs to register as your spouse. They should grant her residency then, but she won't be a citizen, and I believe she may have to pay for health insurance. Best check with your local consulato.
Staring in November, all Non EU Citizens have to submit fingerprints and photograph to enter the Schengen Zone as tourists. Non EU Citizens can not stay for more than 90 out of 180 days, as a tourist. If they are married to an EU citizen; they can stay as long as they want.( Like the EU Citizen)
you can still buy a home if you do not have residency, you just can stay only 90 days out of 180 days. I am buying currently and don't plan on needing residency for about 3 years. So am going to use it as a holiday home.
Good to know
Great plan! We enjoyed ours as a holiday home for many years.
Great VIDEO!! You are giving out FACTS that other people on youtube that live in Calabria DO NOT !! Bravo !!
Thank you!
Boy did I find out how challenging it was to move to italy. The residency the amount of PASSIVE info. Nick was great. So I decided Portugal was better for me. PASSIVE income is not the same as INCOME or SAVINGS nope...Even investments DO NOT COUNT. Its very complicated. So I will go back and forth . I did buy a property in Italy but paid the 9 percent tax because it's now a holiday home....Gina in UPstate New York USA moving to Portugal/Italy
Mexico is competing with Italy for my future. The biggest issue with me is the taxation of my rental income from properties that I've purchased over the years. If they taxed only my military pension and SSI, I'd be in better shape. Another issue is the Italian driver's license. Even if you come for 3 months, you'll still need to get around but you can't buy a car.
Yup you really have to do your homework. A lot of people don't know all of this stuff.
Found out same and will do same
@@SuperSavvyTravelersLLC It's been a year of research, asking questions and making decisions. I am also selling my renovation and building a small home so I can slowly downsize. And until I get my residency and citizenship I am not selling all I own and my home just in case something happens and they say no or who knows. I watched people sell everything and arrive with a suitcase then have to go back. That would be depressing. So not burning bridges until I know for sure...
Thanks such great info!
You re so welcome!
Very helpful. Thank you!
You're welcome!
Yes, there seems to be a misconception about this subject. Thanks Chris 😊
You are so welcome Janet!
Great informative video
Glad it was helpful!
Even with a good attorney, that "passive income" thing can be a real sticking point. Best to use an Italian home as a holiday home 6 months out of the year. Italy is very, VERY risky as a retirement destination (let alone their very high income tax rates, including rates on retirement income...oh, unless you're in a 7% zone (didn't it used to be 5%?) that you only enjoy for a few years.) Remember, in the USA, your SS is tax exempt up to a certain income level, and then you have a sliding % that is taxed over that. In Italy, it's ALL taxable at fun European rates.
If you're fully dependent on your social security, Italy may not be your best choice.
@@SuperSavvyTravelersLLC No, I'm not. I have both passive and active income. I'll end up paying taxes on my SS here in USA...still, it's less than I'd pay in Italy! Not willing to hand my hard-earned money over to the Italian system...especially if my car was set on fire for the privilege. I also noticed that you corrected yourself on your statement about...some...Italians hating Americans. Yeah, sign me up.
Hello there my parents are Italian I have an Italian passport I’ve been to Italy many times but I’ve never lived there ! my wife is American we want to but a home in the next couple years or so so what will I have to prove?
If you have an Italian passport you are all good. These visas do not apply to you. Your wife may have to get an immigrant visa but it is a lot simpler than en elective residence visa
Didn't I read all of this somewhere? 😎
Probably in one of my books or courses.
I have dual citizenship (United States and Italian). My wife is not a dual citizen (United States). Do I need to show income and can my wife be on the deed of an apartment that I plan to purchase?
You don't need a visa, so you din't need to show passive income, you are an Italian citizen, and no problem for your wife, you are married and yes she can be on the deed.
@@dolcevitaCC Thank you for the quick response. One other question. Can my wife stay past the 30 days? or does she have to leave for a certain period of time and then come back? Thank you again.
@@craigmiller5926 no, your wife doesn't have to leave, basically, she is in the same situation as you, because you are married, you both can stay as long as you want, just like regular Italian citizen. You should just inform yourself on some potential document she should request, but she would have no problem to obtain it. Ask your nearest Italian consulate for that and for their confirmation on what I explained.
Your wife can be on the deed for sure. That is not dependent on citizenship or residency. You do not have to show income. All you have to do is show up. Your wife will have to do something. If it is the same with other EU citizens, once you get your residency, she can get an immigrant visa. That is what I am doing because Pete is an EU citizen. I am not an immigration specialist so you probably want to double check with one but that is what I am doing.
If you move to Italy permanently, then after you register with your local commune, your wife needs to register as your spouse. They should grant her residency then, but she won't be a citizen, and I believe she may have to pay for health insurance. Best check with your local consulato.
Staring in November, all Non EU Citizens have to submit fingerprints and photograph to enter the Schengen Zone as tourists. Non EU Citizens can not stay for more than 90 out of 180 days, as a tourist. If they are married to an EU citizen; they can stay as long as they want.( Like the EU Citizen)
Yes that is right.
Italy discriminates against foreigners….different tax schemes.
I have no idea what you're referring to.