another elective visa finance question

Go Back   Expat Forum For People Moving Overseas And Living Abroad > Europe > Italy Expat Forum for Expats Living in Italy

Italy Expat Forum for Expats Living in Italy Welcome to the Italy Expat forum. This is the place to meet like minded expats that have made themselves a new Italian lifestyle. This forum is ideal for Expats that have moved to Italy and those planning a move.

another elective visa finance question


Reply
 
Subscribe to this Thread Thread Tools
  #1 (permalink)  
Old 25th July 2020, 12:45 PM
New Member
 
Join Date: Jun 2020
Posts: 6
Rep Power: 0
palomalou is on a distinguished road

Default another elective visa finance question

I haven't found an answer to this specific questions. Retirees here, will have US social security income almost of the most-often quoted 38K euro for a couple. We own our condo in a major us city outright. If we rent it out when (if! many ducks to arrange before that) we move to Italy, would that be considered income? We would rather not have to convert any of our savings to annuity if not necessary, but it seems that even significant savings are not considered acceptable as evidence of ability to support ourselves. But we don't of course want to rent it out without having the elective residence visa in hand, because then if denied, we would have no place to live!

Reply With Quote Quick reply to this message
  #2 (permalink)  
Old 25th July 2020, 05:04 PM
PauloPievese's Avatar
Member
 
Join Date: Nov 2012
Location: Bradenton, Florida USA
Posts: 282
Rep Power: 0
PauloPievese is on a distinguished road
40 likes received
55 likes given

Users Flag! Originally from usa. Users Flag! Expat in italy.
Red face Da Duva

Paloma Lou,

My situation was almost identical to yours financially and otherwise {spoiler alert: I was rejected}
  • I said I would sell my house if accepted
  • I rented an apartment in Italy but with a clause letting me escape if not accepted
  • I refused to purchase an annuity
  • I said everything in English
In my opinion and upon reflection it showed lack of commitment and if they make anything clear it's that they want commitment. I read a "how to relocate to Italy" book and it seems that the author was of straitened means. Despite this the author sold everyting and showed up at the Consulate with a lease acquired via the Internet, a backpack, and, as I recall, an airline ticket in two weeks. She was accepted.

So, deep end of the pool dude. Let us know how things work out for you.

As someone will inevitably point out, getting into Italy even as a tourist is problematic at the moment so I suspect that you're joining me among the peri for a while.


Reply With Quote Quick reply to this message
  #3 (permalink)  
Old 25th July 2020, 06:14 PM
New Member
 
Join Date: Jun 2020
Posts: 6
Rep Power: 0
palomalou is on a distinguished road

Angry

Quote:
Originally Posted by PauloPievese View Post
Paloma Lou,



As someone will inevitably point out, getting into Italy even as a tourist is problematic at the moment so I suspect that you're joining me among the peri for a while.

You have that right!

Reply With Quote Quick reply to this message
Reply


Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Expat Forum For People Moving Overseas And Living Abroad forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:
Location
Where you live
Expat From Country
Please select the country you originate from. This will appear as a flag when you make posts on the site.
Expat To Country
Please select the country you have either moved to or want to relocate to. This will be presented on the site when you make posts.

Log-in


Thread Tools

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


FORUM PARTNERS

ExpatForum.com is owned and operated by VerticalScope Inc.

Retiring Overseas Guides | Moving Overseas Guides | Cost of Living | Health Care Guides


All times are GMT. The time now is 07:59 AM.


Powered by vBulletin®
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.