jericavaca
1/23/2017 10:17 EST
Hello!
My husband, my son (4 years), and I are looking into moving to Italy. We fell in love with Italy and the quality of life compared to the US. We want to start some sort of business in Italy but are not sure of the type of business we can open. We are looking to move to Italy with 50K hopefully to start a new journey. What type of visa can we try to obtain? Also is 50K enough to move to Italy?
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DoppioCittadino
1/23/2017 12:09 EST
The first questions are, a) move from where and, b) what is your citizenship?
Go to http://vistoperitalia.esteri.it/home/en and scroll down to the question/answer section to find what type of visas you will require.
In all honestly, what you are proposing to do - assuming you do not have EU citizenship - is probably impossible. Sorry, but that is the cold, hard, truth of the matter.
Do either you or your husband have any Italian blood? If so, there may be the possibility of Italian citizenship jure sanguinis - by blood right.
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rsetzer99
1/23/2017 12:23 EST
50K is not going to get you into your dream. 50K will not go all that far at any rate. Perhaps one person for a limited study visa, but I only mention that as a frame of reference.
The Italian Consulates will want proof that you will not be a burden on the State in any way. This means you will have to have a deed to a home, or a long term rental agreement. You would have to show you have health insurance for everyone. You would have to show that you have a pretty substantial income, at least and depending on the Consulate, a yearly income equal or exceeding your current 50K.
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jericavaca
1/23/2017 12:30 EST
We are from Florida and we are looking to move to central Rome or Florence. My mother has a cousin who moved from Cuba to Florence in the 60s that got married to an italian and has a daughter in her 20s. But other than that I do not have any other family members that I know of. We were looking at several visas that I researched on. There's the self employed and the start up business visa that I read on. Apparently the start up visa are for entrepreneurs looking to open a business in Italy as long as job availability is provided. With that said my husband and I are also looking to open up a business in Italy that will benefit and will most likely create jobs.
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almare2
1/23/2017 13:17 EST
According to http://www.curiouscatexpat.com/italy-startup-visa-attracting-foreign-entrepreneurs/, "The law refers specifically and explicitly to innovative startups to underscore that its target is not any and all new enterprises, but those whose business is closely and strongly linked to innovation and technology." Is that the kind of business you're thinking of starting?
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almare2
1/23/2017 13:20 EST
The evaluation process is described at http://www.esteri.it/mae/visti/procedura%20italia%20startup%20visa%20rev%203%20en.pdf.
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Imodica
1/23/2017 15:44 EST
It is so true that it is not very easy to just move to Italy. Not like here in the US. We have applied for dual citizenship through my husbands grandfather. It took us about 3-years and some $$ to get all the paperwork needed. We applied and were approved on 11/2/15 and still waiting for our Italian passports. We are helping others obtain theirs. Our blog has some info that might help you. Mind you, the Italian government is ALWAYS changing the requirements. That is why I do not post specifics as it might be outdated in a month but it might give you a start: ouritalianjourney.com While we are waiting for our passports, we are traveling back and forth to Italy for 90-days which is all our US passports will allow. We are trying to find a location (north or south) that we want to live for 1 year.
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DoppioCittadino
1/23/2017 15:58 EST
I just want to point out that, contrary to popular (and, often, politically expedient) opinion, it is actually quite difficult to move to the US.
And also quite expensive. People who complain about the €200 fee to apply for Italian citizenship are oblivious to the many thousands of dollars it would cost an Italian citizen, for example, just to apply for a US "green card", let alone the full cost of obtaining US citizenship.
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lifelover
1/24/2017 10:29 EST
just had a quick glance at this curiouscatexpat link. fantastic if you can come up with a startup! thanks for posting!
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proseh58
1/26/2017 03:31 EST
I don't know about the start up aspect, but I can tell you from living here for a year, $50,000 is not enough. It takes at least $75K for two people on an elective residence visa. I imagine they would require that plus whatever you'll need to begin your company. Good luck
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gongi
1/26/2017 06:50 EST
Hello proseh58, could you elaborate a little bit, why would a couple need an amount of 75k a year ?
Thanks, Gongi
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DoppioCittadino
1/26/2017 08:46 EST
Good question, gongi.
proseh58, are you saying that it requires at least $75,000 annual income in order to qualify for the ER visa (quite possible and inline with most reports), or that it costs $75,000 per year for two people to live comfortably in Italy (which, frankly, seems very, very, high)?
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rsetzer99
1/26/2017 08:58 EST
I would very much depend where you live. I am in Abruzzo and 75K a year would allow for a pretty nice lifestyle. If I lived in a big city and had to pay rent, the cost of living could be much more.
Requirement wise for ER Visa, it very much depends on which Consulate. They tend to vary quite a bit in what they demand for income requirements. They did not spend any time crunching numbers with my ER application in Chicago. They just carefully went through things page by page. Pension statement with monthly benefit, Social Security statements, Bank Statements, Retirement savings accounts. They didn't make a list of numbers and add them up. Likely, they were just going by long experience. Two people, they each get Social Security plus a second pension, plus they have other retirement savings. Va Bene.
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Sergios
1/26/2017 08:58 EST
Its your definition of "comfortable". I have a villa for 700 euro/month plus utilities. Food is relatively cheap but the attraction to eating out is very strong in these parts. Travel is another expense. If you are satisfied to stay put, thats fine but if you want to travel you need money for that. Until you get residence you will need to rent or lease a car which can get expensive. The $75000 figure is actually a good one if you want to live with some of the extras that make life a bit more livable. I'm buying a pizza oven in February, a mosquito magnet device, and the wood for the oven. That will come to abut $1500 just for next month. Your expenses are not just the regular payments. You have to consider the extras. Like the subscriptions to HULU and Netflix and Amazon Prime and the high speed internet just for night time entertainment. Don't expect to enjoy Italian TV, its worse than most American daytime TV. That is unless you want to buy a mattress or a bathtub liner or you like half dressed woman dancing around fully dressed old men.
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