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Not only those who want to work or start a business in Italy have the chance of immigrating here. Italy is one of the main destinations in Europe for persons who have reached retirement age and want to live in another country than their own.
Italy is among the top 10 best countries in the world to retire to. Those who plan to retire in Italy can do that under specific government conditions, including applying for an elective residence visa. It is also helpful to know that the requirements for those interested in retiring in Italy are relatively easy compared to other countries.
CONDITIONS TO DO IT
A foreign citizen must comply with a few requirements to retire to Italy. Among these, the foreign citizen must be withdrawn and have a minimum annual income of EUR 31,000. For married couples seeking to retire in Italy, the minimum amount necessary is EUR 38,000. Additionally, if they want to immigrate to Italy with their children, at least EUR 20,000 will be required for each dependent child.
Persons who want to retire in Italy must apply for a visa; in this case, they will need an elective residence visa. Even if it resembles the residence permit in Italy, this type of visa is only issued to individuals respecting the income requirements mentioned above.
WHAT TYPE OF VISA?
Those who want to retire to Italy can obtain various types of passes. The elective residence visa was created for a category of persons that are not allowed to work in Italy. However, this work visa (or permit) is not available for people who have reached retirement age; therefore, it is versatile. However, for senior citizens of other countries, a work permit is not an option when these persons have surpassed the maximum employment age limit.
The elective residence visa is issued as a long-term residence permit and can be requested by those who want to relocate to this country permanently. Those who plan to retire to Italy and have the financial means to live here without burdening the social care system can apply for this type of visa, also called the Italy retirement visa. For the funds that the applicants must evidence these can have various sources, among which the accepted ones by the Italian Ministry of Interior are: pensions, savings and investments.
It should also be noted that this type of visa addresses non-EU residents, as EU citizens can freely relocate to Italy by registering with the local police station in their city. Once moved here, elective residence visa holders must also complete this step.
WHAT ARE THE BEST PLACES TO RETIRE IN ITALY?
Although Italy itself is the home of numerous foreigners relocated here for various purposes, there is a tendency for foreigners to choose specific locations. Be it because they already have relatives and friends living here, be it because they arrived here for employment purposes – and most of the employment opportunities are in large Italian cities, or be it because of the picturesque and beautiful places, one can find foreigners clustered in specific Italian regions.
Regarding retirement and foreigners who have opted to retire to Italy, specific locations tend to be selected. Thus, the best places to retire in Italy are the following: Sicily, Apulia, Abruzzo, Tuscany and Lazio and Lombardy. The decision to select one of these best places to retire in Italy should be taken based on a budget of the foreigner, as well as on the lifestyle preferences and other benefits and advantages the person wants and can find in a specific Italian region.
For instance, Sicily is one of the best places to retire in Italy because it has some of the lowest living costs available in this country, so it can be the ideal location for persons who are not necessarily high net worth persons but who want to enjoy a relaxed lifestyle in a sunny Italian place.
Apulia is also a sunny, coastal location, but it also has a small ex-pat community, and it is generally a place that is relatively quiet with tourists. On the opposite side, Abruzzo is ideal for those who want to live in the mountain area and who want a relaxed and calm Italian experience.
For retirees interested in the local gastronomy, wine culture and culture in general, the region of Tuscany should be on the list of the best places to retire in Italy; persons who want a more dynamic lifestyle can choose Lazio, where they can have an actual urban Italian experience; also, retirees arrive here for the quality medical services. The advantage of the Lazio region is given that it has a large expat community. Still, it should be noted that being an urban place, Lazio will have a higher retirement cost in Italy.
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I'm Natalia Bertelli, an English/Spanish to Italian legal translator. Since 2008 I have been working on contracts, judicial deeds, certificates, corporate translations for foreign clients who want to do business in Italy, get a dual citizenship or simply settle in my beautiful country.