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Italy: Required income for retiring to Italy:
Just read most this thread. Interesting how there's no consistency..but from what I understand that's typical in Italy... It's pretty flexible depending on who you deal with..
My husband and I are keen to move to Italy to semi retire . He will gEt a pension and I'm still earning a portable income. We have no assets due to a financial drama some years back to do with property investments we had... Basically we had to start again. So we called the local consulate here in Brisbane Australia and we were told $60k per person in cash in the bank so $120k as a couple and they may accept small monthly income like $3k .... But from reading forums and other articles we will apply with half the cash and with adequate income like 4K as a couple and see what they say... We believe from what we understand about Italian culture it's all about relationships and connections. It's not a dry process although sometimes it often it seems so. Italians are very much about connecting personally. That's why we want to live there. Obviously there is change in their policy but I still sense it's flexible depending on who you talk to and how they view you... Some people get their visa with a lot less income.. Some have supply more and some just get told no. Australians and I believe Americans, English, Canadians etc are used to things more regulated and streamlined. We have heard that in Italy it's all about who you get to know . Italians from what we know operate according to their own rules and that can differ from person to person. That's what we've discovered so far along this journey. We will apply probably in 6 months time .. Got to get to financial resources together but we won't reach the 120k mark in 6 months...we'll see what happens. We also have a dog and so we want to confident that we will be k in Italy without being deported back to Australia as our dog will have to be quarantined ... Not good for her. For us it has to be a 5year stay at least if not permanent. We are also looking if Spain is easier.
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