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Italy is one of these top-rated destinations of European countries provide perfect conditions for foreigners who want to retire.
Persons who want to immigrate to Italy when they retire have several attractive Italian regions.
Regions such as Tuscany, Lazio, Puglia, Sicily or Lombardy have caught the attention of foreigners for their peaceful lifestyles and beautiful surroundings.
Foreigners who immigrate to Italy on a retirement visa prefer to select locations such as small cities by sea, where one can benefit from picturesque sightseeing and a quiet lifestyle.
The overall budget is also essential in choosing one of the places to retire in Italy, as there can be a necessary difference in prices.
For instance, those choosing Sicily as their destination will have to pay approximately EUR 1,280 to EUR 3,050 per square meter if they want to purchase an apartment.
The property prices are much lower in this region; one can rent a 1-bedroom apartment for only EUR 390.
Another significant region that has become popular amongst foreign retirees is Lombardy, where the cost of living is higher than in Sicily.
Another attractive region that is increasingly popular is the region of Tuscany, which provides a different scenery compared to Lombardy or Sicily.
Tuscany is the home of extensive vineyards, with luscious green landscapes and the ideal place for those who seek a great gastronomic experience and quality wines.
The cost of living can vary depending on where one is retiring to Tuscany. Those who choose a more rural experience will generally pay lower prices than those who live in Florence, the capital city of Tuscany.
APPLY FOR A VISA, PERMANENT RESIDENT, GOLDEN VISA?
Please mind that regardless of the choice for one of the places to retire in Italy, it will be necessary to apply for a visa as a foreigner.
Foreigners from the European Union (EU) must refrain from complying with visa requirements. It is also essential to know that foreigners applying for visas must prove a certain income level.
The conditions to fulfil are the ones of the Italian Elective Residence Visa, the most popular way for immigration to Italy.
If you retire to Italy as a senior citizen, you have fewer opportunities to apply for citizenship, as this is a rather lengthy procedure.
However, persons who arrive here under the Elective Residence Visa can be retired persons but also relatively young.
If not, you can move to Italy to become a permanent resident.
Permanent residency grants almost the same rights as the ones available for Italian citizens, with the difference that the first category is not allowed to vote in Italy and to have an Italian passport; as for this document, one needs to have Italian citizenship (there are no exemptions in this sense).
Persons who are not interested in retiring here but who, instead, are interested in business opportunities can apply for the Golden Visa in Italy, a visa designed for foreign investors who can make a significant investment into the Italian economy.
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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.