@@OffshoreCitizen Yes, my father was born in Genoa, the birthplace of banks! The Italian Riviera, well the blood pressure slips and you just smile - how can one not unwind, enjoy a wonderful meal with a great bottle of wine and great friends... Do you have a favorite town or part of Italy Michael?
@@Bri-wi8kq great question, Italy is such a diverse country I've got different places I like that are well quite different from each other. For instance I love the coast from the Amalfi coast and Sorrento to Cinque Terre, there's some beautiful mountain areas in the north, for cities I probably most enjoy Milan and consider Bologna to be a pretty under rated city that I enjoy. Of course Rome is something special but over the last few years I found it has become too overrun by tourists for my liking. What about you?
@@MichaelRosmer Love the north and the coasts. The Adriatic seems less touristy, less crowded and more affordable. Turin is more affordable than Genoa, safer, a good size- big enough for services and in a great location, easy drive to the coast, up to the mountains and lakes, and great for connections to the rest of Europe.
Informative video but I advise any viewers to have a healthy appreciation for the bureaucratic aspect. For example, after 10 years of residency, you can apply for citizenship, which takes up to four years to receive, and you must also consider how the ten years are calculated and demonstrated.
Do you have to have a work visa to be able to reside there while waiting the 10 years to apply to be a citizen? Is there ways to have s sponsor if you have family there.
@@Yasin_Affandi I tend to think the best is Portugal for a variety of reasons (you can check out some of my videos on the subject), there are some options that are cheaper but I think they are worse programs but it does depend on your individual needs.
I just came across your RU-vid Channel and am glad I did! This question may sound silly, but I need to ask it anyway. You mention that one way of getting the residency is by opening a business. If I were to purchase a property in Italy to run an Airbnb, would that still be considered as a business? You talked about the 10% taxation, but Airbnb hosts renting out spaces for short term periods (less than 30 days) do not need to register as a business. Yet, they are subject to 21% taxation every month. Taking into account, would opening an Airbnb still qualify as a "business", even though it is not a registered business?
2 years citizenship, but takes up to 3 years to process citizenship (inside the country). If you have a child together, then process time can be halved. 3 years outside of country, then start the process.
It's been a 5 years I'm student here in rome does that 5 years count for me in order to get resident permit? Or I should work after graduation and if yes how many years I should work ? By the way I'm talking about Resident permit card not the citizenship
Thanks Mike for another helpful video and that great hack! I was under the impression that a 500k investment was needed for a company, and the 250k only applies for an innovative startup? Presumably they have a way to determine which business qualifies as an innovative startup? Any thoughts would be super helpful. Cheers.
There's a bit of confusion here based on two things: 1. There are of course many more visa options that I mentioned here for instance there is the Start-up Visa, which is different from an investor visa investing in a start-up. The start-up visa itself is fairly difficult to get but doesn't require this large investment. The standards for investment in a start-up are lower. 2. There was of course a decrease a few years ago that also creates confusion because they basically cut the required investments in half
Thanks Mike, very informative. I am in the process of buying a property in Italy as as UK citizen , now no longer part of the EU. Can I participate in the Superbonus 110% refurbishment scheme and would setting up an Italian business (Company) as I intend to rent the property out and by setting up a registered business allow to have a residency card? Any help would be appreciated. Thank you.
Just came across this video and find your knowledge helpful. My wife and I are considering moving to Italy for our retirement. She is working on her citizenship thru descent. I will work on mine thru passing the language test subsequent to her citizenship. I have a question that I have not found the answer to anywhere yet and hope you can provide an answer. If I move to Italy to permanently live, I know I have to pay my U.S. income taxes on my investment earnings. Do I have to pay additional taxes in Italy for those same earnings? Thanks in advance for your help. Now I'm off to look at more of your video library.
@@OffshoreCitizen I liked your video and I'm calmer now. I'm an earlier bitcoiner (but I never had and altcoin or DeFi). I would also ask a video, when you have time to do it of course, about Central Bank Digital Currency (not in China with their state banks). Why would private banks allow CBDC if it kills them? How they will react? Why someone would have an account on a private bank if he can store his money directly in central bank? And the controls and centralization this would give to central bankers. Thanks a lot for all your attention!
@@emmanueljames2487 because the only currency/money banks would be able To offer is CBDC’s. Whether you get it from them or the central bank itself. Your better off putting you’re crypto on an exchange that pays you 4-8% per year and live off that
New video idea: future of monetary union in Europe without a fiscal union from frugal four. Would they need capital controls and foreign exchange control if someone wants to leave?
@@MichaelRosmer I believe the monetary union without a fiscal union is unsustainable because the economy of mediterranean countries was destroyed. Most young people are unemployed and pensions shrink. They need fiscal union for "European integration" (United States of Europe, European Federation). But I don't believe the countries who pay for that (Germany, Finland, Austria, Denmark, Sweden and Netherlands, not UK anymore) will ever agree. At the same time, I think it is difficult to escape monetary union without capital controls because nobody will want to voluntarily exchange their euros for a currency that will inflate (lose value) faster. That's the reason they are creating this currency, to inflate and pay for deficits and megalomaniac, corrupt developmentalist, populist, mercantilist, stupid, government spending (monetize debt). I believe at some point there will be a huge wakening decentralized P2P bitcoin exchanges like Bisq, HodlHodl and LocalCrypto (that can't be banned) will be used to circumvent foreign exchange control and capital controls. But I'm no expert.
Thanks Mike, great video! very informative. My question is if I have residency from another EU country, can I apply for a permiso de soggiorno for Italy?
Hi. Pls consider making similar videos for all european countries and their visa options but prioritizing more on those countries that have a low cost but decent standard of living. More power!
Hey, we are interested talking to you about the business/representative residency, but we are already residents in Europe, I guess we are allowed to apply in the embassy here since we live here for 3 years?
Are there residency courses in italy in English or just in italy?(if just italy,are their anatomic terms special following their language or like public and english terms? Tnx
I just want to take a year off and thinking about living in Italy and travel around. I won't be working or setting up a business. i just want to be a tourist. What do I need to do?
I hear alots about active residency program , and italy give u some amount but question is that how to apply? is there website plz what is the procedure . i hope u reply soon thnx .
Could you get a resident visa is your income is $13,000.00 a year but have about $100,000.00 USD in the bank after you buy a house there for about $80,000.00 USD ?
@OffshoreCitizen s, I can pay $100,000.00 for a house, and let's say 125,000.00 in the bank, and I still can't get residencesout? Also, $1,300.00 USD a month .
I wanted to Immigrate there from the US and after a few years set up like an airbnb where I would also live on the premises. I also wanted to wanted to do some digital nomad work To supplement my income and because there are a few projects that I never have time to do here that I would like to work on. I wouldn't be taking a job away from an Italian in either case. Would I not be able to use the retirement Visa and do that? If there's no work around for that sadly it'll be my down for that sadly Italy might be off the table
