Italy is an incredible destination for travel lovers and immigrants alike. Young families prefer the Italian lifestyle because of excellent education and affordable healthcare. The country also attracts professionals and entrepreneurs with its excellent growth opportunities and alluring markets. Italy is also a dream destination for retirees as it has everything one may wish for in the golden years. If you want to know about your immigration options as a retiree, you can get qualified assistance from Bersani Law Firm for obtaining the elective residence visa. Let us explain why you must consider Italy as a post-retirement destination.
Immigration is a breeze
The best thing about retiring to Italy is that the immigration process is a breeze. You need not go through a complex journey with multiple steps. Moreover, you do not have to bring on a massive investment as with a golden visa. The elective residence visa entails an easy process with minimal eligibility requirements. You only have to prove sufficient funds to manage your expenses for an extended stay in Italy. The only condition is that these funds should be from passive income streams as you cannot work in the country with this immigration option. You can get the elective visa for one year and extend it for two years after renewal.
Residence benefits
Although an elective residence visa is a temporary arrangement, it opens you up to residence benefits. You can even bring along your dependents by establishing your ability to support them financially. The financial requirement is a stable income of € 32,000 per year from passive sources like pension, rent, and dividends. You will have to show an additional 20% for every dependent. Once you sort out the finances, you can access the residency benefits like free registration with National Health Care, free public education for your children, and tax benefits. These benefits set you up for an excellent lifestyle abroad as a retiree.
Citizenship prospects
Beyond the benefits you get as an Italian resident, the elective residence visa opens the citizenship prospects in the long run. You can convert from temporary residence status to permanent residence after staying in Italy for five years. A stay of another five years qualifies you for citizenship by naturalization status. You get one of the most powerful passports for yourself and your family while living a peaceful retired life in the country. Nothing gets better than passing on Italian citizenship to your next generations as a legacy. But the immigration processes for renewing residence permits and converting to naturalization can get complex for a layman. Consider collaborating with an expert to guide you and ensure getting your second passport without hassles.
Italy is an excellent destination for retirees, and the reasons go beyond the locales and lifestyle. Of course, you will love the weather, cuisine, culture, and people of the country. But the best part is that you can get in easily and stay for the long haul. You do not even require a massive investment to bring your family and start afresh.
2 comments
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