Italian Elective Residency Retirement Visa 🇮🇹❤️ YOU Can Do This!!
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- čas přidán 28. 06. 2024
- 🇮🇹🇮🇹My new book "The Expat's Guide to Buying Real Estate in Italy" is available on Amazon Kindle right now. Paper back version coming soon! a.co/d/5dLeTYJ🇮🇹🇮🇹
The application for the Italian Elective Residency Visa isn’t that hard to get on your own! A lot of back up documents are required, but with a little perseverance and organization you should be able to get your Retirement Visa in under a month!
I’ve tried to explain in this video all the types of documents that you’ll need to pull together and send in with your visa application. This is my personal experience and I was able to get mine in less than one month doing it myself. You shouldn’t need to have a lawyer help you get your visa unless you have some very unusual situation.
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You have thoughtfully organized how to apply for the VISA. It can seem complicated but the way you approach the task appears simple. WHAT VALUABLE INFORMATION! THANK YOU 🎉
You can do it!
Your encouragement is so appreciated . Thank you!
This is really good information for those that do not have their dual citizenship and are looking for a means to reside in Italy.
Great video with great information! I'm so ready to make the move but need my partner to get motivated. Thank you for making it!
Thank you Brad! I am 1 year behind you and appreciate your experience!!
Good luck with your appointment Brad. Hope you let us know the results. I hope the outcome is as awesome as Charlie’s bark!
Thanks for the clear explanation of the process. It seems straight forward and simple enough.
Such a great video...thank you, Brad!
Excellent information, as always… 🙏🏼
Grazie Benito!!
Excellent video! Thank you so much for sharing your experience with those of us who have not made the leap just yet but hope to in the future. Your channel has tons of great information and properties. All the best!
Thanks!! New property tours start in a few weeks!
Thanks Brad!
Great information. Thank you!
Great video!
Thank you for this!
You are welcome! Brad
Brad, great report.
I get the feeling Italy to you has been like a big Gift and you just want to share it.
Fantastic help to us all.
Thanks mate.
Aguri, Buon Anno e amore da Australia. Ciao fratello...
Do you ever watch the video where you won 3 nights at one of our Apts in 2024!?!? Check the Xmas video with Oly on the beach! You are in it! Hope you can make it.
PS. I was just kidding about hating clowns! 😬
@@BradsWorld Hey I get it and thanks for the reply.
I take that name in spirit, after a Clown that used to come on every morning in California named Hocus Pocus. I changed the name sure, but I always admired that guy because he knew how to give. Give in heart and soul. For Kids and adults alike.
My dad was stationed at Fort Ord on 4 occasions and we used to watch "Hokey" as he was nicknamed everyday as kids.
I met him when I used to go to the Army Hospital and he would drive down from Santa Cruz and visit the GI's handing out photos and all dressed up. All these vets who wer injured in Viet Nam back home, and laughing at a Circus Clown and he knew what to say to him no matter how bad they were busted up.
He would be long gone now but of all the people I met in my life he was special. I should do so well in life that anyone would remember me in the same way.
I work at a university now in Aust, and the people I can hang with are the ones that can give, not the academic Einstein's.
You strike me as a "Give" person so, let me say well done and I appreciate your videos and I will stay tuned for sure. Thanks for your time.
Grade video!!
Great Information! Do you have a video on applying for Dual Citizenship? Thanks as always ❤
Nope! I did my 23 and me and was 98% British isles and 2% Scandinavian…! Not even close to qualifying. Only do videos on what I know about!! 😬🇮🇹
Hi Brad, you stated that you lived in Texas and is it in Austin? Or Sugar Land? So you know that where the Capital 360 area is a great upscale location. Can you tell me where in Tuscany or Umbria is comparable to the Capital 360. Besides Montepulciano, do you like Certaldo, Pienze, Cetona? Some place close to the Florence Airport and access to A1 train. I visited Italy on the Thanksgiving week. Montepulciano and Firenze are beautiful. I didn't have a chance to go tour other towns in Tuscany. Are there busses available in all these places that can take you from one town to another. Thanks.
Good info, thanks! Does anyone have current info on the (soon to be available?) digital nomad residency visa?
They announced it months and months ago but in true Italian fashion we are still waiting. I read the requirement would only be €2500/mo in income. 🤷🏼♂️🇮🇹
Grazie, Brad! Can't wait to learn more...@@BradsWorld
Great information. Can I just clarify in regards to passive income. Can this be made up solely from Italian rentals. And are you permitted to run an air b&b on an elective residency and add this in with passive income too?
You are allowed to earn passive income in rentals as a ERV recipient living in Italy. Whether or not your Italian consular officer doing your ERV allows this income is up to them. I have learned from others that what they ask for or what they count towards your required income can vary from consulate to consulate. 🤷🏼♂️
Very useful information brad. I do have some questions which you might know the answer or not. If by the time someone applies for the elective residence but haven't bought yet something in italy , how do handle the requirement where you need to submit proof of where you are going to stay in italy, since you would have to sign a one year lease, but you dont really know when exactly your visa will be approved or not? Not to mention the fact that if there is any delay or your visa is denied you will still be bonded by the lease agreement you already signed . Lastly the bank statements you need to submit, can you also submit bank statements of savings accounts in addition to checking accounts? ( in our case we are transferring every month money from our checking accounts into our savings accounts).
Thanks a lot for any feedback.
That is the tricky part. Hopefully you can find someone that can write you a lease with an understood release clause so if you don’t get visa you can loose a deposit and not be liable.
Always show whatever funds you have if you are holding enough to make a difference. Remember that the checking account has more to show flow of funds, not how much money is sitting there.
@@BradsWorld thanks for your feedback brad. Yes hopefully i can work something out with someone regarding the lease requirements.
Can you discuss taxes. I.e. how much %tax you pay on your rental apartments income?
21% flat rate on gross rental income. No deductions.
Other option is 43% top line rate but you can deduct SOME expenses.
We thought the 21% was easiest and just as good in the end as trying to come up with deductions.
Hi Brad, thanks for the info. Is there one bank that you think is easiest to deal with in Tuscany?
BNL BNP Paribas. These guys seem good. Big enough to be everywhere. But with branches even in small towns like Montepulciano
Awesome. Great tip. I've seen the Siena bank in small towns like Radda in Chianti but it's hard to know which is best.@@BradsWorld
Who needs a doorrbell with Charlie around. He could wake up the dead. 😂😅😂😂
Did Elvis officiate at your wedding?
I've seen him on the bus here in Vegas twice now. He's in a motorized chair now, but he's alive! 😂😅
I wonder if there was that much paperwork when they brought me over here in 1956?
Ciao.
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 outside help? Grazie! Dean & Cindy
I didn't think it was that hard. My 75 year old friend just did hers by herself. I don't remember things having to be transcribed. It is a punch list and you take a few days to get through it. Hardest part is the criminal check from your state, the apostle for your marriage certificate and finally the rental place or house deeds for the place you are going to stay in Italy for the first 12 months. Write me at BradsWorld8@gmail.com if you want a name for help or for more clairty from me.
BRAD
Question...so if we have a house in Italy but are still working in the US, for the next 18 months, I assume this is NOT something we can apply for? Correct?
There would be no reason too. Just go back and forth until you want to be full time.
What are the current vaccine requirements in Italy?
Gosh… required? 🤷🏼♂️ I had my Covid. Tetanus always a good idea. Polio?
Just found your channel. Thanks for breaking this process down.
It takes work but basically the same work a lawyer would have you do.
Since the elimination of Portugal's NHR program we are trying to compare Portugal, Spain, Montenegro, and Italy as our future retirement plans.
We like them all and are aware they have their pros and cons. A major one is the high income tax on my VA benefits and future SS income. Not to mention the potential of double taxes on any internet based revenue.
Greetings from Florida 🌞🦩
You shouldn’t get double taxed, you’ll pay the higher one but not both.