Excellent discussion. Currently in the process of getting citizenship for my family and my wife’s brother’s family. I plan to retire and my kids plan to start a business in Southern Italy after I retire.
I believe as an EU citizen (but not specifically Italian) you also have the right to purchase property and reside there with minimal (if any) restrictions. For example, you come to Italy from America as a non Italian, but you also possess Austrian citizenship. This helps my family because as an Italian citizen through my paternal bloodline, I can purchase property and move to Italy but my mother can also join me in Italy as she is an Austrian citizen and can therefore also purchase property in the same area and live nearby. Now my kids and I can move to the EU and stay together and still be able to visit my mother every week!
Anyone can buy property in Italy whether they are a citizen or not (as long as they're from a country with reciprocity like Marco explained in this video). But to *stay there* longer than 90 days at a time, you have to have a Visa, Italian citizenship, or citizenship from another EU country.
My understanding is that the ERV requires the person to stay in Italy for a certain minimum amount of time each year. This would make the resident a "tax resident" as well. Correct?
Thank you for this informative video. It is still not easy, it not like moving to another state in USA. Though you have good information, and I for fill a lot of requirements , it still stopping me. MaybeI should go for longer vacation there? I will continue to watch and research these videos.
Thank you for this video. I have seen a lot of mixed information on the internet. I do have the option to become a citizen via descendant and am looking at retiring in Italy. I was trying to see if it would be better tax-wise with US social security and a state public pension to just be a resident vs a dual citizen. So to clarify, you said at starting at 3:08 that there is no difference? So in my case, I could just get my citizenship then? I had heard it would be wiser not to get citizenship due to the taxes. Just trying to make sure I understand before I go to the point of paying a tax consultant for a deeper dive.
Apparently, there is a double-tax treaty between Italy and the US (until you make over $100K) but then you only worry for anything made past that. The first $100K should in theory be exempt from double tax. Of course the standard disclaimers, I'm not a tax guy, yadda yadda... but google "US Italy Totalization agreement" which should point you to a US Government web site (Social Security site) explaining further but in typical US legalese jargon.
I hope Marco responds, but, like you, I have heard that Italy will not tax a public pension if you are not a citizen of Italy, but will tax it if you have Italian citizenship. Now, my understanding is that Social Security is not a “public pension” for this purpose, and Marco was talking about social security in this part of the video. A “public pension” in this context would be a pension you receive from working for state or local government, as well as (I assume) a pension from work in the federal government or military. I hope the channel confirms this.
I'm 54yrs old, have Italian itizenship by marriage but my wife and I reside in the UK and visit Italy once a year at least but stay a maximum of 4 weeks at a time. I'm currently thinking about retiring in Italy so looking for property to buy and put up for AirBnB rental till retirement. I'm looking for properties in the Abbrizzo area, does anyone have any advice/tips on how to go about this? or anyone with a similar journey who is farther into it than I am who is willing to share?
If you are a dual citizen (US & IT) and stay in Italy less than 6 months or less per year, but sign up for the National Heath care system there in Italy does that automatically make you a TAX RESIDENT ??
There is no separate "residency" visa for non-retirees. There's only the Elective Residency Visa (ERV) which is the retirement visa - specifically for people who can live on passive income and not work (at all) while living in Italy.
I have been trying for months to get an appointment with the consulate in Chicago for citizenship through JS. More than 6 months of trying and still haven't got an appointment. I'm thinking that gathering all my documents then applying in Italy is my best and only option.
@@randygulleyjr2180 This might be an absurd idea, but maybe you can temporarily take up residence in northwest Indiana and then go through the Detroit consulate? But if you have the means to move to Italy first, I can only assume the process will be much quicker. Just make sure you got all the right documents before you leave since it is harder to get them from abroad later. Check for mis-spellings, apostille and get the records translated where required. In the beginning, I was miffed that I had to go through Detroit even though I live 45 minutes away from the Chicago consulate just because I was on the Indiana side. But in hindsight, Detroit had a shorter waiting time and even though it was a long day, I just drove to Detroit, took care of things, hopped into Canada for dinner (since I had to bring my passport anyway) and then drove home that night.
@@PaulFromCHGO That is so awesome that you were able to get it done in Detroit. Relocating to somewhere else in the states isn't really a good option for me and my family. But, thank you for sharing this idea. We have decided to go visit Italy next year and check things out. Then look at getting my citizenship done there. Also, we have considered getting a US job at one of the military bases there. That would be a possibility as well.
@@randygulleyjr2180 In bocca al lupo! I hope you are able to get it done swiftly! It's great to not have the worries of a Visa hanging over your head if moving there, going through the much shorter and faster citizenship line at customs in Italy and basically being able to relocate your family much more smoothly.
I am italian my husband is english we are both resident of spain we have bought a property in italy what type of visa does my husband need to move to italy
@@vmura I'm afraid I'm not sure of the answer to that. I am married so I only researched that aspect for my wife whom is only a US Citizen and not Italian (yet).
The basic requirement for obtaining a residence permit for a non-EU citizen living as a couple with an Italian is the cohabitation contract. In a de facto cohabitation, the non-EU cohabitant can obtain a residence permit proving that he has a stable relationship with an Italian citizen.
So father became a citizen of the USA before I was born how we, my mother became a citizen after my birth. My parents were not married. Can I obtain Italian citizenship via my mother ?
Yes. How old were you when she naturalized. Hopefully you were not a minor then you are free and clear! Even with the minor issue it should be ok in most courts. There are a few judges that may be problematic but those judges are mostly in Rome.
@@lisamarieversaci I was 1 year old when she became a US Citizen. The Italian embassy in Washington DC said yes I can obtain my Italian citizenship via my mother. My father became a US citizen in the 60’s however, my father and mother were never married.
Excellent discussion. Currently in the process of getting citizenship for my family and my wife’s brother’s family. I plan to retire and my kids plan to start a business in Southern Italy after I retire.
Very helpful video, as always.... thanks very much.
I believe as an EU citizen (but not specifically Italian) you also have the right to purchase property and reside there with minimal (if any) restrictions. For example, you come to Italy from America as a non Italian, but you also possess Austrian citizenship.
This helps my family because as an Italian citizen through my paternal bloodline, I can purchase property and move to Italy but my mother can also join me in Italy as she is an Austrian citizen and can therefore also purchase property in the same area and live nearby.
Now my kids and I can move to the EU and stay together and still be able to visit my mother every week!
Anyone can buy property in Italy whether they are a citizen or not (as long as they're from a country with reciprocity like Marco explained in this video). But to *stay there* longer than 90 days at a time, you have to have a Visa, Italian citizenship, or citizenship from another EU country.
My understanding is that the ERV requires the person to stay in Italy for a certain minimum amount of time each year. This would make the resident a "tax resident" as well. Correct?
Yes, 6 months or more, and that makes you a tax resident.
Thank you for this informative video. It is still not easy, it not like moving to another state in USA. Though you have good information, and I for fill a lot of requirements , it still stopping me. MaybeI should go for longer vacation there? I will continue to watch and research these videos.
Would like to know if Italy taxes Roth IRA distributions.. since they were already taxed once.. does Italy-US tax treaty recognize Roth?
Thank you for this video. I have seen a lot of mixed information on the internet. I do have the option to become a citizen via descendant and am looking at retiring in Italy. I was trying to see if it would be better tax-wise with US social security and a state public pension to just be a resident vs a dual citizen. So to clarify, you said at starting at 3:08 that there is no difference? So in my case, I could just get my citizenship then? I had heard it would be wiser not to get citizenship due to the taxes. Just trying to make sure I understand before I go to the point of paying a tax consultant for a deeper dive.
Apparently, there is a double-tax treaty between Italy and the US (until you make over $100K) but then you only worry for anything made past that. The first $100K should in theory be exempt from double tax. Of course the standard disclaimers, I'm not a tax guy, yadda yadda... but google "US Italy Totalization agreement" which should point you to a US Government web site (Social Security site) explaining further but in typical US legalese jargon.
I hope Marco responds, but, like you, I have heard that Italy will not tax a public pension if you are not a citizen of Italy, but will tax it if you have Italian citizenship. Now, my understanding is that Social Security is not a “public pension” for this purpose, and Marco was talking about social security in this part of the video. A “public pension” in this context would be a pension you receive from working for state or local government, as well as (I assume) a pension from work in the federal government or military. I hope the channel confirms this.
@@iseolake I wonder if a Union Pension is also considered a "public pension"?
For the Elective Residency Visa do you have to apply in person at your nearest Italian Consulate or can it be done online or by mail?
Best is to read the requirements and directions on your local consulate website as they can vary a little.
I am dual ctizen, if i decide to live in italy, but before that point in time, i get a lump sum for my pension, would any tax be required?
I'm 54yrs old, have Italian itizenship by marriage but my wife and I reside in the UK and visit Italy once a year at least but stay a maximum of 4 weeks at a time. I'm currently thinking about retiring in Italy so looking for property to buy and put up for AirBnB rental till retirement. I'm looking for properties in the Abbrizzo area, does anyone have any advice/tips on how to go about this? or anyone with a similar journey who is farther into it than I am who is willing to share?
If you are a dual citizen (US & IT) and stay in Italy less than 6 months or less per year, but sign up for the National Heath care system there in Italy does that automatically make you a TAX RESIDENT ??
If you become a resident in a comune and stay for 6 months or more you will be required to pay tax in Italy.
Does the retirement visa require you to show the same amount of financial passive income as someone looking for a residency visa?
There is no separate "residency" visa for non-retirees. There's only the Elective Residency Visa (ERV) which is the retirement visa - specifically for people who can live on passive income and not work (at all) while living in Italy.
I have been trying for months to get an appointment with the consulate in Chicago for citizenship through JS. More than 6 months of trying and still haven't got an appointment. I'm thinking that gathering all my documents then applying in Italy is my best and only option.
Apply in Italy. It is allowed. Just get all your documents.
@@ForgingMyLife That is my plan now. Done wasting time trying to get an appointment at the Chicago consulate.
@@randygulleyjr2180 This might be an absurd idea, but maybe you can temporarily take up residence in northwest Indiana and then go through the Detroit consulate? But if you have the means to move to Italy first, I can only assume the process will be much quicker. Just make sure you got all the right documents before you leave since it is harder to get them from abroad later. Check for mis-spellings, apostille and get the records translated where required.
In the beginning, I was miffed that I had to go through Detroit even though I live 45 minutes away from the Chicago consulate just because I was on the Indiana side. But in hindsight, Detroit had a shorter waiting time and even though it was a long day, I just drove to Detroit, took care of things, hopped into Canada for dinner (since I had to bring my passport anyway) and then drove home that night.
@@PaulFromCHGO That is so awesome that you were able to get it done in Detroit. Relocating to somewhere else in the states isn't really a good option for me and my family. But, thank you for sharing this idea. We have decided to go visit Italy next year and check things out. Then look at getting my citizenship done there. Also, we have considered getting a US job at one of the military bases there. That would be a possibility as well.
@@randygulleyjr2180 In bocca al lupo! I hope you are able to get it done swiftly! It's great to not have the worries of a Visa hanging over your head if moving there, going through the much shorter and faster citizenship line at customs in Italy and basically being able to relocate your family much more smoothly.
Marco/Raffiel, can you please do a video on the upcoming
EES law… why fingerprinting travelers is required?
with the ERV, instead of renting or buying, can you be staying with family in their home?
Sir, Rich & Resonant American Voice, which befits the PODCAST.
Greatly appreciated!
I am italian my husband is english we are both resident of spain we have bought a property in italy what type of visa does my husband need to move to italy
Probably a spousal visa since he is married to you. This should work EU wide for the most part.
@@PaulFromCHGO but what if not married but defacto spouse?
@@vmura I'm afraid I'm not sure of the answer to that. I am married so I only researched that aspect for my wife whom is only a US Citizen and not Italian (yet).
The basic requirement for obtaining a residence permit for a non-EU citizen living as a couple with an Italian is the cohabitation contract. In a de facto cohabitation, the non-EU cohabitant can obtain a residence permit proving that he has a stable relationship with an Italian citizen.
info on bill 752? thanks
quite confusing presentation
So father became a citizen of the USA before I was born how we, my mother became a citizen after my birth. My parents were not married. Can I obtain Italian citizenship via my mother ?
Yes. How old were you when she naturalized. Hopefully you were not a minor then you are free and clear! Even with the minor issue it should be ok in most courts. There are a few judges that may be problematic but those judges are mostly in Rome.
@@lisamarieversaci I was 1 year old when she became a US Citizen. The Italian embassy in Washington DC said yes I can obtain my Italian citizenship via my mother. My father became a US citizen in the 60’s however, my father and mother were never married.
@@Behemoth66go for it!
@@lisamarieversaci I got lucky they said due to my mother didn’t become a citizen of the USA till after I was born phew.
better hurry because they might change the law and it will state that a minor also gives up their citizenship when the parent naturalizes.