Let’s talk about something fun this week… inspired by a recent article in US News & World Report. Have you ever wanted to visit Italy? Have you ever taken a trip to Italy and never wanted to come back…? Have you ever considered an offshore retirement? Then we have some great information for you!
According to Smart Asset, housing costs 46.58% less than the US, foreign income tax rates in Italy are generally low, healthcare is ranked #2 in the world according to WHO and serious crime ‘is far from common’. You should of course always consult with a financial advisor and tax professional, as these considerations are for informational purposes only.
“Retirement in Italy tops the charts for overall quality of life,” based on the Us News and World Report feature titled ‘How To Retire In Italy’. Here are 5 highlights we’ve selected just for you, though we encourage you to read the article in full here.
#1: Fabulous Feasts: “A full Italian meal includes five courses, each savored leisurely. And no meal would be complete without a coffee at the end.”
#2: Accessible Art, History & Scenery (Dig For Undiscovered Regions!): “Abruzzo is one of the best values in Europe. Like Tuscany, Abruzzo has history, art, delicious cuisine and beautiful scenery that changes with the seasons. However, unlike Tuscany, this region remains undiscovered, meaning the cost for everything from dinner out to a rustic farmhouse is much lower than in other parts of Italy and the European Union.”
#3: Double Taxation Treaties Apply: “Italy taxes worldwide income but has double-taxation treaties in place with several countries, including the United States and Canada, meaning you shouldn’t pay tax twice on your income.”
#4: Fun For Furry Family Friends: “Italy is very dog-friendly. It’s not uncommon to see dogs seated at dining tables in restaurants alongside their owners.” (Vaccines, microchipping and veterinary certificates required.)
#5: Healthcare Options: “Italy’s health care system, known as Servizio Sanitario Nazionale, offers affordable and often free, high-quality care. As a non-EU citizen, you can gain access to the public system, which covers tests, medications, surgeries and hospitalizations, by paying a small yearly fee. You can also opt for private health coverage, which allows you to choose your doctor and to be treated in private hospitals.”
If you have any questions at all about offshore retirement in Italy or elsewhere – please do not hesitate to reach out. As a Certified International Property Specialist (CIPS)®and instructor for the CIPS® 5-Day Institute, I am more than happy to support you. (And as an avid traveler and global property enthusiast – I may even think about joining you!)
All my best,
NAR Instructor….“Designations Create Distinctions”
CIPS, SRS, ABR, CRS, SRES, GRI, CLHMS,
REI, AHWD, RSPS, MSLG
Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/