Documents needed by Italian immigrants to buy real estate

# Italian Immigrants # Introduction Italy has always been a good immigrant country, because Italian immigrants have good welfare and various treatments. The following are the documents that Italian immigrants need to buy real estate. Welcome to read!

Documents needed by Italian immigrants to buy real estate

First of all, you need to show your personal documents (copy of passport and Italian financial code) and documents related to the house you want to buy: the last copy of property rights, the sales contract, the house plan issued by the land registration bureau and the building permit.

You also need to provide documents to prove your income:

1, complete credit report+credit rating (average, good, excellent, etc. );

2. Personal bank statement for the past 6 months (salary/dividend has been paid from your main bank account);

3. If employed by a company limited by shares:

2 tax returns;

Copy of payroll for the past 4 months;

Letter from accountant confirming your current salary and dividend payment;

4. If you are self-employed:

Two copies of complete tax returns;

A letter issued by an accountant confirming the net value of the previous two years;

Please remember that income documents must be translated and certified. In some cases, Italian consulates can do this, or they can provide you with a list of certified translators. Another option is that some translation agencies or freelance translators in Italy also provide translation.

Second, the conditions

The Bank of Italy estimates that, in addition to other potential persistent financial debts, the average installment payment of mortgage loans should not exceed 35% of customers' net income. The same requirements apply to Italian citizens and non-Italian or non-EU citizens. In addition, if the application is approved, they must also open an Italian account with a loan credit institution and pay monthly installments by direct debit.

Three. correlative charges

Each bank has an interest rate (usually 1.00% to 1.50% of the mortgage loan amount) for the fees required for processing the application, which will be directly deducted from the amount provided, but if the application is not accepted, no fees will be charged.

Banks examine the characteristics of customers (solvency, income level, credit history), but also verify the value of related property and the compliance of the city, thus providing effective protection for operations. To this end, it hired an external technician to carry out the evaluation. The price varies according to the agreement signed between each credit institution and the consultant, with an average of 250-300 euros, which is paid directly to the consultant because he/she is not an employee of the bank.

In addition, if the new house becomes your residence, you will have to pay a one-time "replacement tax" of 0.25%, and if the new house is your second house, you will have to pay a mortgage loan of 2.00%. The money was withheld by the bank.

Chapter II Risks of Housing Immigrants in Italy

1, the problem of immigration materials

According to Italy's housing immigration policy, for a family of three, the main applicant should be able to provide proof that the non-wage income is not less than 40,000 euros/year. This proof material is very important, and the Italian side is also very strict in reviewing the materials. If there is a problem with this certification, it will increase the possibility of rejection of immigration applications and increase the risk of immigration.

Whether the real estate does not meet the requirements or the immigration materials are not fully prepared, the main reason is that the applicant either applies for immigration after buying the real estate at will without knowing the immigration policy, or chooses an institution that is unable to handle Italian immigration, because it does not have the strength to actually handle Italian housing immigration, and the real estate and handling procedures are flawed, which leads to the failure of immigration handling.

2. Real estate demand

To immigrate to Italy, the applicant needs to buy a property of 300,000 euros in Italy, but the purchased property needs to meet the requirements of the national residence card application, and the embassy will investigate the property when approving the Italian immigration. Whether the property meets the requirements and reflects the applicant's willingness to live is the key to success. This shows that you can't immigrate if you buy any real estate.

In addition to the property price of more than 300,000 euros, the property that Italian immigrants buy must be residential, in which the per capita living area should not be less than 22 square meters, and the property should not be too old.

Italian immigrants who buy a house are not strict in nature, but they are very detailed, reflecting the applicant's living wishes. If they are not careful, they may not be able to emigrate after buying a house. Once the application for immigration is rejected, it means that Italian immigration is invalid, and the significance of buying real estate is greatly reduced with the inability to immigrate.

Further reading: Suitable for immigrating to Italy

1. People whose children can receive a good education.

As the birthplace of the Renaissance, Italy has the world's top art education level and profound cultural heritage. Both the quality of educational resources and the mode of education are universally recognized, and it is also an important consideration for most China people to choose to immigrate to Italy.

In order to enjoy high-quality educational resources under the cutting-edge education mode, investors can enjoy free local public education in Italy as long as they get residence cards and immigrate to Italy.

2. People who want to pursue a high-quality life

After immigrating to Italy, you can enjoy a higher quality of life. As a big tourist country in Europe, Italy has always been deeply loved by Chinese people, especially Milan, Rome, Florence and other international metropolises, which welcome millions of China tourists every year. In addition, Italy has a typical Mediterranean climate, with suitable temperature and abundant sunshine all year round. The long coastline forms a pleasant beach and constitutes a holy place for Italians to spend their holidays by the sea. Meanwhile, Italy's medical system ranks second in the world. As long as you live with a residence card, you can enjoy it for free. Immigrating to Italy is most suitable for people who pursue a high quality of life.

3. People who are keen on real estate investment

Judging from the trend of domestic real estate market in recent years, the continuous introduction of high housing prices and restrictive policies has made more and more rich people aim at overseas real estate investment. Italy's real estate market has been out of the shadow of the economic crisis. In addition, with the quiet rise of the immigration policy, buying Italian real estate not only has a safe and reliable investment, but also can gain an identity, killing two birds with one stone. China investors will naturally not miss this opportunity to immigrate to Italy.

4. People who often do business together

Italy is the fourth largest economy in Europe, and the private economy is the mainstay. Foreign trade is the main pillar of Italy. Italy, with its unique geographical advantages, can engage in war with European countries and has smooth trade, which is very suitable for business people to invest.