QUESTION : Hi Chris, thank you for your video and helpful information. I am just beginning to research the elective residence visa and have a question about the passive income requirement. Would you happen to know if that passive income , of 31,000 Euros is gross or net income? Before or after taxes? I did pose this question, by emain, to the Italian consulate in Canada and, so far have not gotten a response. Super helpful video! Thank you.
Hi Susan! Thank you for watching! I believe it is gross income but it I best to check with an attorney. We highly recommend Nick Metta at Studio Legale Metta and his team. Good luck with your move!
Great video, Chris. If you haven't done one already, would you consider posting content about shipping belongings to Italy? I wouldn't be moving furniture, but am certain a permanent relocation would require more than a few suitcases. Thanks!
Hi Christine. I have no personal experience doing this but I can check around. I have someone who will be shipping a container so as soon as she does, I will find out how it went and report back. Maybe I can get Bonnie to talk a little about it when we return in Jan.
We are a gay couple considering moving to Italy. For the income minimums do they recognize gay marriage? Suppose one of the people does not have the minimum income requirement, but the other person meets the minimum income requirement?
@@MrVmadonna We are in the same position and were wondering the very same thing. I had read that marriage was not recognized, but a civil union was. We have been together for over 20 years, but we have neither. I wonder if you have a documented civil union would that qualify you as a couple?
If you are a citizen it is not. I believe you will need a permesso di soggiorno which you can get from your commune but it is best to double check wtih the commune where you want to be.
Very Nice Informative Videos. Here are a few Questions to also address in future Videos. 1. Retiring to Italy with one person being an Italian Citizen. What's the specifics? Income Requirement? Elective Residency or Permission of Stay? 2. Supplemental Health Insurance is just for the Non-Citizen or can Both get it?
It is my understanding that there is no income requirement. Pete is an EU citizen and I am getting an immigration card so we did not have to show proof of earnings. Form what I understand you do not need an ERV but you will need a permesso di soggiorno. I had to do some other paperwork but we used Nick Metta and it was all provided. He is a great contact to double check these things. Both can get a private insurance plan.
@@SuperSavvyTravelersLLC Would there be any Proof of Income for the Citizen in order to be able to Financially be able to Support the Non-Citizen Spouse. As I have said, I'm in the process of seeking Recognition as an Italian Citizen and If We choose to Retire to Italy then I can do so without any problem but since it will be the Both of Us, I have to be concerned. Also about the Supplemental Helath Insurance, is there just 1 level or a few different levels of coverage which would also reflect the Annual Price?
@@mr.dsproductreviewchannel my suggestion as I'm a dual citizen and I've been researching for a wile and moving soon if one of you has a citizenship when you get to Italy apply for residency it takes 30 days as soon as you receive it go to the Comune and merry the non citizen and will receive the tax id and medical card way faster.Btw if you are married in the States like me it's ok to merry in Italy since your USA marriage it's not recognized there.
@@nicolascarola2169 So, My Marriage to My Wife of over 20 years so far that was performed in New York is NOT recognized in Italy and I would have to Marry My Wife in Italy? I already have My Italian Tax Code that was Issued to Me from the Italian Consulate here in New York. I just don't have the Card.
@@mr.dsproductreviewchannel I was married in N.Y. too but born in Italy, as long as you have the citizenship once you get to Italy get the residency of the township after you receive it you can merry your present wife there as well and she would be automatically eligible for citizenship too it's the fasted and cheeper way to do this.
It's an account that let you hold funds in multiple currencies, making it easy to convert your local currency into Euros for Italian property purchases. It's very easy to set up and use at wise.com/invite/u/peters4447
Hi Chris, great video and information! Does Italy recognize marriage equality from the USA and in consideration of passive income requirements as a married gay couple of €38,000 or do we file as individuals of €31,000 each? Thanks for all you do and have done. Michael and Vic
Hi Michael and Vic! Gosh that is a great question and I really don't know. The best way to get the correct data is to book a consult with Nick Metta or one of his team mates at Studio Legale Metta. You can book a call with them for half na hour and I am sure you will get your question answered. I hope to see you guys in Italy soon!
Can you explain more about the WISE bank account? If I go to the bank, in Canada, do they know what I am talking about? Did you explain about the phone? Can you keep your old phone number? Thanks Very good videos.
Hi Teresa. I might be able to help you with WISE. My wife and I are going through this whole process for about a year now. We found our home through Chris and Super Savvy Travelers in Santa Domenica Talao. It has been a really wonderful process. WISE (it used to be called Transferwise) is a banking transfer app (application you add to your phone). You connect it to your bank account and it securely transfers money from you to whomever you need to pay. It is like Zelle or other Cash Apps that allow you to send money. WISE is used a lot in Europe as it is popular internationally and the fees are MUCH lower than what banks charge. I am NOT an expert as I only started using it about a year ago. Here is a helpful link to a site that explains how to use it - what it is - including TH-cam videos that are really easy to follow. I hope this helps. This is the link. You can copy it and past it in your browser and it should take you to the information page. THIS IS NOT the WISE page for the app nor is it where I would sign up for the WISE app. This is a company that compares different transfer applications. This link is for your information only and I do not recommend you sign up for anything through this link. www.exiap.com/reviews/how-does-transferwise-work Please do remember that I am a user of the app and not an expert myself but since I only started using it a year or so ago I understand your question. You can go to WISE directly here but their site does not explain its own product as well…. wise.com/us/
Wise isn't really a bank, it's an account to hold your money in different currencies. You can link it to your existing bank account to transfer money between it and your Wise account easily. Check out wise.com for more information. We kept our old phone numbers, but for lower-cost local calls and lower-cost data, you can get a SIM card from a local telecom provider like TIM or Vodaphone (but you will have to unlock your existing phone or get a new one to use that SIM card).
Hi Teresa wise is a good account to open online, What I did is open a Charles Shwab checking account they will give you an ATM card you can use worldwide to make ATM withdrawals and they reimburse any charges and it's unlimited you have to be a USA citizen to open such account. Wise does charge a fee.
Nick Meta and his folks took care of Ali and I with the Elective Residency Visa. We could not have done it without him - as you know very well 😊😊
Yes Thank you Pat! His team is top notch!
Nice video. Touched on some things that are not usually mentioned in "things you need to know before moving to Italy" videos
Glad you found it helpful!
BRAVO!!! ❤ the info!!!
Glad it was helpful!
Very good Chris.
Thank you Nick!
Awesome video Chris as usual!
Thank you! So glad you enjoyed it.
Brava!
Grazie!
QUESTION : Hi Chris, thank you for your video and helpful information. I am just beginning to research the elective residence visa and have a question about the passive income requirement. Would you happen to know if that passive income , of 31,000 Euros is gross or net income? Before or after taxes? I did pose this question, by emain, to the Italian consulate in Canada and, so far have not gotten a response. Super helpful video! Thank you.
Hi Susan! Thank you for watching! I believe it is gross income but it I best to check with an attorney. We highly recommend Nick Metta at Studio Legale Metta and his team. Good luck with your move!
It's great to have someone to help out and give advice. Thanks Chris
Thank you Janet. I'm so happy it was helpful
Great video, Chris. If you haven't done one already, would you consider posting content about shipping belongings to Italy? I wouldn't be moving furniture, but am certain a permanent relocation would require more than a few suitcases. Thanks!
Hi Christine. I have no personal experience doing this but I can check around. I have someone who will be shipping a container so as soon as she does, I will find out how it went and report back. Maybe I can get Bonnie to talk a little about it when we return in Jan.
We are a gay couple considering moving to Italy. For the income minimums do they recognize gay marriage? Suppose one of the people does not have the minimum income requirement, but the other person meets the minimum income requirement?
@@MrVmadonna We are in the same position and were wondering the very same thing. I had read that marriage was not recognized, but a civil union was. We have been together for over 20 years, but we have neither. I wonder if you have a documented civil union would that qualify you as a couple?
Is the elective residency visa also needed if you are dual?
If you are a citizen it is not. I believe you will need a permesso di soggiorno which you can get from your commune but it is best to double check wtih the commune where you want to be.
Very Nice Informative Videos.
Here are a few Questions to also address in future Videos.
1. Retiring to Italy with one person being an Italian Citizen. What's the specifics? Income Requirement? Elective Residency or Permission of Stay?
2. Supplemental Health Insurance is just for the Non-Citizen or can Both get it?
It is my understanding that there is no income requirement. Pete is an EU citizen and I am getting an immigration card so we did not have to show proof of earnings. Form what I understand you do not need an ERV but you will need a permesso di soggiorno. I had to do some other paperwork but we used Nick Metta and it was all provided. He is a great contact to double check these things. Both can get a private insurance plan.
@@SuperSavvyTravelersLLC Would there be any Proof of Income for the Citizen in order to be able to Financially be able to Support the Non-Citizen Spouse. As I have said, I'm in the process of seeking Recognition as an Italian Citizen and If We choose to Retire to Italy then I can do so without any problem but since it will be the Both of Us, I have to be concerned.
Also about the Supplemental Helath Insurance, is there just 1 level or a few different levels of coverage which would also reflect the Annual Price?
@@mr.dsproductreviewchannel my suggestion as I'm a dual citizen and I've been researching for a wile and moving soon if one of you has a citizenship when you get to Italy apply for residency it takes 30 days as soon as you receive it go to the Comune and merry the non citizen and will receive the tax id and medical card way faster.Btw if you are married in the States like me it's ok to merry in Italy since your USA marriage it's not recognized there.
@@nicolascarola2169 So, My Marriage to My Wife of over 20 years so far that was performed in New York is NOT recognized in Italy and I would have to Marry My Wife in Italy?
I already have My Italian Tax Code that was Issued to Me from the Italian Consulate here in New York. I just don't have the Card.
@@mr.dsproductreviewchannel I was married in N.Y. too but born in Italy, as long as you have the citizenship once you get to Italy get the residency of the township after you receive it you can merry your present wife there as well and she would be automatically eligible for citizenship too it's the fasted and cheeper way to do this.
How does a Wise account work? Is it hard to set up?
It's an account that let you hold funds in multiple currencies, making it easy to convert your local currency into Euros for Italian property purchases. It's very easy to set up and use at wise.com/invite/u/peters4447
Hi Chris, great video and information! Does Italy recognize marriage equality from the USA and in consideration of passive income requirements as a married gay couple of €38,000 or do we file as individuals of €31,000 each? Thanks for all you do and have done. Michael and Vic
Hi Michael and Vic! Gosh that is a great question and I really don't know. The best way to get the correct data is to book a consult with Nick Metta or one of his team mates at Studio Legale Metta. You can book a call with them for half na hour and I am sure you will get your question answered. I hope to see you guys in Italy soon!
I have had a very difficult time trying to contact consulate in Miami NO phone answered no email response
Hi Joe, please send us an email about what specifically you need from your consulate, we may be able to advise you on a workaround.
How about for Americans with European citizenship
If you have EU citizenship you are good to go. Pete only had to go to the commune and get his identity card and that was it!
Can you explain more about the WISE bank account? If I go to the bank, in Canada, do they know what I am talking about? Did you explain about the phone? Can you keep your old phone number? Thanks Very good videos.
Hi Teresa. I might be able to help you with WISE. My wife and I are going through this whole process for about a year now. We found our home through Chris and Super Savvy Travelers in Santa Domenica Talao. It has been a really wonderful process.
WISE (it used to be called Transferwise) is a banking transfer app (application you add to your phone). You connect it to your bank account and it securely transfers money from you to whomever you need to pay. It is like Zelle or other Cash Apps that allow you to send money. WISE is used a lot in Europe as it is popular internationally and the fees are MUCH lower than what banks charge. I am NOT an expert as I only started using it about a year ago. Here is a helpful link to a site that explains how to use it - what it is - including TH-cam videos that are really easy to follow. I hope this helps.
This is the link. You can copy it and past it in your browser and it should take you to the information page. THIS IS NOT the WISE page for the app nor is it where I would sign up for the WISE app. This is a company that compares different transfer applications. This link is for your information only and I do not recommend you sign up for anything through this link.
www.exiap.com/reviews/how-does-transferwise-work
Please do remember that I am a user of the app and not an expert myself but since I only started using it a year or so ago I understand your question.
You can go to WISE directly here but their site does not explain its own product as well…. wise.com/us/
Wise isn't really a bank, it's an account to hold your money in different currencies. You can link it to your existing bank account to transfer money between it and your Wise account easily. Check out wise.com for more information. We kept our old phone numbers, but for lower-cost local calls and lower-cost data, you can get a SIM card from a local telecom provider like TIM or Vodaphone (but you will have to unlock your existing phone or get a new one to use that SIM card).
Hi Teresa wise is a good account to open online, What I did is open a Charles Shwab checking account they will give you an ATM card you can use worldwide to make ATM withdrawals and they reimburse any charges and it's unlimited you have to be a USA citizen to open such account. Wise does charge a fee.