WHAT SHOULD YOU KNOW BEFORE RETIRING TO ITALY? 2 part

​

Here is the second part of our article on retiring in Italy
www.italiancitizenshiptranslator.com/dual-citizenship-translation-blog/what-you-should-know-before-retiring-to-italy
In this part, we will examine the costs and the steps to be taken to do it

Apart from the costs that you will need to pay during the process of immigration to Italy – costs associated with the fee of the lawyers, the issuance of the visa, the residence permit and any other immigration formality, persons retiring here will have to calculate the costs of their stay in this country; our immigration lawyers in Italy have prepared a short presentation in this sense: 

• for the region of Lombardy, the costs to retire in Italy by renting an apartment can be EUR 660 to EUR 950 per month;
• purchasing a property in the same region can have a cost of EUR 3,300 to EUR 8,700 per square meter;
• Sicily has much lower costs to retire in Italy – renting an apartment can start from EUR 270 and reach EUR 390, while the purchase of an apartment can cost EUR 1,280 to EUR 3,050 per square meter;
• as we said above, Lazio is a region that provides top medical services – in a 2000 report of the World Health Organization, Italy ranked as 2nd most developed medical care system at a global level;
• if you want to retire to Tuscany and rent an apartment, you must pay approximately EUR 500 to EUR 650 per month. 

Of course, regarding the costs of retiring in Italy, you should also take into consideration utility bills and the costs associated with purchasing goods, and these can vary based on the lifestyle of the foreigner (for instance, those who will eat in a restaurant constantly will have higher costs than the ones who purchase food from the supermarket and eat at home). 

What are the steps for retiring in Italy?

​To immigrate to Italy by applying for an elective residence permit, a foreign citizen must follow a few steps. Below, our team of immigration lawyers in Italy has prepared a short presentation, but if you need more details, feel free to contact our team. These are:

• The procedure cannot be started while in Italy. Therefore the applicant must contact the Italian Embassy or Consulate in their home country;
• The applicant must first book an appointment with the Italian Embassy or Consulate;
• The applicant is required to gather the necessary documents as presented by the Italian Embassy or Consulate representative;
• The visa application form can be obtained online from the Italian Embassy or Consulate in the candidate’s home country.

Documents needed when applying for an Italian elective residence visa

​To be able to retire in Italy, as a foreigner, you will be required to prepare a set of documents. Once the interview is scheduled, the candidate to withdraw in Italy must prepare the following documents when applying:

• The visa application form issued by the Italian Embassy or Consulate, which must be duly completed;
• Two passport-size photos, which must be recent (no copies or printed photos are accepted);
• The passport, which must be valid at the time of applying (a 3-month validity is required);
• A recent bank statement shows the applicant has the necessary amount of money to qualify for the elective residence visa;
• Evidence of having a place to stay in Italy is also required (a lease contract will suffice);
• Health insurance must have a one-year validity period and cover expenses of at least EUR 30,000 annually.

The candidate must also submit the marriage certificate and the birth certificate. Also, both candidates must file their visa application forms when the application involves a married couple. For each candidate, a visa application fee must be paid. All foreigners must pay the same price, regardless of the country from which they arrive in Italy. All Italian embassies and consulates publish the costs. 
It must be noted that the elective residence visa for those who want to retire in Italy has a one-year validity period and can be renewed. Once the candidate arrives in Italy, they must follow the same steps as when applying for an Italian residence permit, meaning they need to register with the police department in the city they live within eight days.

Do you need to translate your documents. See my website you'll find the right service for you!