Imagine how wonderful it’d be to retire in Italy. Picture being free to spend each spring in Florence, Rome, or Florence—can’t you see yourself walking alongside the Arno River on just a beautiful May day when the clay rooftops and old castles are drenched in that unique Florentine gleam?
However, you do not have to spend your entire lifetime in Florence or any other of the art cities in Italy to enjoy the romance of an Italian retiree. The vistas of Italy are as beautiful as they are vibrant. Historic walled cities, eternal villages, tiara-like atop scores of small hilltops and plains of vivid golden sunflowers. All through the land, there are twisted olive orchards, orange, lemon, almond trees, pristine beaches with jewel-like Mountain lakes.
Discover beautiful, hidden islands, scorching Mount Etna, and the gleaming slopes of the Alps & Dolomites. Although the Italian Lake District is well-known, how well do you grasp the beaches of Sardinia & Sicily? Or how about Le Marché, a magnificent region on Italy’s east seaboard with the same rich medieval vistas as Tuscany & Umbria but perhaps more reasonably priced estates? Or how about Apulia, in the Deep South, a leisurely area of olive groves bordered by the azure Adriatic Sea and known for its odd dome-shaped Trulli villas?
Are you planning to settle in Italy but aren’t sure if you can finance it and wondering how to retire in Italy? Expats who want to retire to Italy have various ways and benefits.
Retirement Visa in Italy
The optional residence visa is typically used by expats who have retired and receive income from an annuity or retirement plan. You must apply to the local Italian consul that handles your region for an elective resident visa when leaving the house. To be qualified for this card, you must present evidence of financial sources, such as simple income statements from banks, investment/brokerage businesses, Social Security, and other financial institutions, as well as some legal forms showing current balances. Present job or other job functions cannot provide such balances. Put another way, and you cannot pay for your stay in Italy by working. You’ll also need to show proof of legal health insurance as well as a tenancy agreement or title for land in Italy.
Benefits for Italian Retirees
There is no retirement plan in Italy. However, we believe the benefits outweigh the disadvantages. The list goes on and on: breathtaking landscape, cheap real estate, a few of the best restaurants in the world, great art and historical monuments to fill a lifetime, the list goes on and on.
Veterans’ Programs and State Benefits
Suppose you receive income support from a federal department (such as Social Security or the Veterans administration). In that case, you should approach the federal aid agency if you are moving or want to learn more about the protocols for having benefits checks delivered abroad. You also can have your State Pension cheques immediately put into your Italian bank account.
Italy’s Healthcare System
In terms of health care, Italy is ranked No. 2 on the World Health Organization’s list of nations with high-quality healthcare coverage, which is crucial for many people who are considering retiring in Italy (neighboring France has the No. 1 spot). While being the biggest spender, the United States is ranked 37th.
Safety for Retirees In Italy
As per a recent survey by SafeAround, Italy is the 34th safest place in the world out of 160 countries. In other terms, if you’re thinking of retiring in Italy, safety shouldn’t be a real issue.
Thieves can be found in some of the most famous tourist areas, but major crime is rare. Female travelers face a small chance of danger, according to SafeAround data, as well as public transportation is also safe.
The Bottom Line
We hope you now have a better grasp of retiring in Italy. Italy is a popular retirement option because of its aesthetically stunning scenery, rich history, and unique cuisine. As a result, getting a visa will be more difficult, as you’ll almost probably have to reveal more sources of income than you would somewhere else. However, the tax breaks and allure of living in Italy can be appealing.
When in Rome, you can happily roam around by storing your luggage at Vertoe. Just click on Luggage storage in Rome to get all details.