1. The process of Italian immigrants buying real estate
If the seller accepts the preliminary contract, the transaction is binding on both parties. Then, the seller's lawyer or real estate agent drafts a preliminary contract, which includes the sales price, the amount of down payment, the completion date, the details of land boundary and property, and any other relevant terms.
After signing the contract, the deposit will be increased to 10% to 20% of the selling price, depending on the agreement reached. If you decide not to buy it, it will be confiscated or the seller may seek legal action to implement the purchase. On the other hand, if the seller quits, he will be obliged to pay twice your deposit.
Second, the notary office conducts due diligence.
It usually takes six to eight weeks to close. Notaries or notaries have the responsibility to conduct due diligence. Although he was chosen by the seller, he served both parties. When the property search has satisfied you, pay the final payment and sign the sales contract, which requires you to provide valid ID and tax code.
A copy of the deed will be sent to you later, and the existing copy will be sent to the Inland Revenue Department and the Land Registry. You must pay the necessary government taxes before you officially register for sale. Registration protects property from any other benefits obtained by a third party. According to the anti-mafia law, it will also ensure that the public facilities have been transferred to your name and notify the local police of the change of ownership within 48 hours after signing the contract.
It takes an average of 15 days to complete all four procedures required for Italian real estate registration.
Three. Detailed description of transaction costs and expenses
Round-trip transaction costs include all costs of purchasing and selling real estate, attorney's fees, notary fees, registration fees, taxes, agency fees, etc. Registration tax: for the old property, the registration tax is 3% for those who buy the main residence according to the law 1089/39. The registration tax for non-residents and buying a second apartment is 7%, so if you plan to become an Italian resident, please pay it 18 months before buying a house. The tax is calculated according to the declared value of the property, not the purchase price.
The registration tax on the purchase of construction land is 8%. The registration tax for purchasing agricultural land is 10%.
Land registration tax:
All real estate transactions are subject to land registration tax. The resident buyer of his first house pays a fixed fee of 168 euros, regardless of whether the property is an old house or a new house. If you buy a second suite and are not a resident of this city, you will pay 1% of the declared price of the property.
VAT:
Buyers of new properties are not required to pay registration tax, but are obliged to pay value-added tax (VAT) at the rate of 4% to 22%.
The value-added tax for first-time home buyers is 4%, the value-added tax for second-hand houses and non-resident home buyers is 10%, and the tax rate for luxury houses with grade A 1 on the property register is 22%. A new property is defined as a residence that is sold within five years after the completion of construction or restoration.
Notarial fee:
The notarization fee is generally 1% to 2.5% of the declared value of the property. The notary's fees are subject to the property price list compiled by the Lawyers Association, which varies according to the different city councils (22% value-added tax is also paid).
When signing the final contract, the notary fee shall be paid. The valuation varies greatly, and everything is under negotiation, but for a property with a value of 50,000 euros and a property with a property cost of 500,000 euros, it may be 2,000 euros, which may be typical, including the cost of the transporter (geometry) depending on the work, which itself can be between 500 euros and 3,000 euros.
Legal fees:
The transfer is generally carried out by a lawyer, and the lawyer's fee is generally about 0% to 2% of the declared price of the property. The lawyer's fee is subject to 22% VAT.
The preliminary contract is drafted by the seller's lawyer or real estate agent. Therefore, the buyer can choose not to pay the legal fees. In any case, the buyer is protected by a notary public. Notarization is much more important than is generally believed. He has an obligation to examine all the documents carefully. If 100% is not correct, there is no contract at all, so the buyer is greatly protected.
Agency fee:
The standard agency fee, regardless of the type of real estate (commercial, residential or land sales), is between 3% and 8%, which is usually borne by both buyers and sellers. The agency fee was paid when the preliminary contract was signed.
2. Health care for Italian immigrants
Italy is one of the top 65,438+00 countries in terms of quality health services provided by the World Health Organization (in contrast, despite the expenditure, the United States ranks only 37th). In addition to public medical care, private medical services can be enjoyed if conditions permit.
According to the ranking, new medical services, especially in emergencies, may appear in hospitals in northern cities such as Milan and hospitals near Rome in central Italy. It is reported that English-speaking doctors are also easy to find in Rome and Milan.
I. Italian medical insurance
Italy has a national health plan that provides hospitals and medical benefits. In Italy, medical insurance is regarded as a right, and the national health plan aims to provide services for all Italian citizens and residents, including American and Canadian citizens who are legal residents of Italy.
With national medical insurance, most care is free or low-cost, including consulting general practitioners, hospital visits, laboratory work and drug treatment. But each region is responsible for managing its own medical insurance, so there will be differences between regions. Please know the medical insurance in your area carefully.
Second, medical expenses in Italy.
Although the cost varies from region to region and whether there is private insurance, the price of medical insurance for foreigners is reasonable. A foreign couple living in the south reported that they only need to pay $236 a year for medical insurance, and in case of emergency, hospital visits are free. In non-emergency situations, there may be a small amount of compensation.
Third, pharmacies and medicines.
Italy's over-the-counter drugs need to go to the pharmacy. These are independent shops. Unlike America, you can't find them in the grocery store. Find a big green cross (always on) and you will find the nearest drugstore. Pharmacists in Italy are used to consulting patients, so if you are not sure what kind of medicine you need, or what kind of brands are available in Italy, ask the pharmacist. On the whole, you will find that many of them speak English very well.
3. Introduction of Italian non-profit housing immigrants
Among the popular European immigrant destinations, Italy has been recognized by the vast number of immigrants. Italy is located in the south of Europe, including the Po River basin, the Italian peninsula and the two islands of the Mediterranean, Sicily and Sardinia. Italy is a highly developed country, ranking seventh in gross domestic product and seventeenth in human development index. It is a member of many important global organizations.
It is a member of the Group of Eight and a founding member of the European Union (the Treaty of Rome signed in 1957), Council of Europe and the Western European Union. Italy is a chartered member of NATO and the European Economic Community. Since 1999 joined the European Economic and Monetary Union, it has been at the forefront of European economic and political unity.
The Italian Ministry of Foreign Affairs, together with the Ministry of the Interior and other eight ministries and commissions, issued Order No.850 "Types of Entry Visa and Conditions for Obtaining Entry Visa", clarifying that the Italian Embassy in China is implementing a policy that is conducive to the issuance of selective residence visas and five-year multiple-entry Schengen tourist visas on the premise of fully respecting the existing laws. This policy greatly facilitates visa applicants, who can not only meet the minimum necessary conditions stipulated by law, but also prove their intention to invest in real estate in Italy.
After purchasing a property of 300,000 euros, the applicant can obtain an Italian residence visa for the whole family within 6 months.
I. Application conditions
1) The applicant is over 18 years old, and the spouse and children under 18 years old can apply together.
2) Buy a property of not less than 300,000 euros in Italy.
3) Independent and stable proof of non-wage economic income (not less than 365,438+0,000 euros/year, 20% of spouse's income and 5% of each child).
4) No language, business experience and financial requirements.
5) No criminal record
Second, the handling process
1. Pay the lawyer's service fee
2. Submit a personal information form
Step 3 investigate buying a house
gather information
5. Material production
Submit application
7. Obtain a residence visa
land
Third, the project review
A. EU advantage: all Schengen countries are exempt from visas! Live permanently and freely choose to work, study and live in EU countries.
B. Investment opportunities: Since the economic crisis, house prices have fallen to historical lows and are ready to rebound. Conservatively estimate the annual appreciation 10%.
C. Perfect welfare: You can enjoy the same welfare protection as Italian citizens if you hold residence.
D. No immigration supervisor: It is enough to enter the country once every six months, which has no impact on business life in China.
E. Quick processing: It only takes 2-4 months to complete all the approvals and get the whole family to live.
F. Property preservation: Italy has no global tax.
G. Easy integration: 280,000 China immigrants care about their own lives! There are free Italian schools in the community, as well as various auxiliary societies for new immigrants.
H. Beautiful holiday resort: Italy has a subtropical Mediterranean climate, pleasant seasons and picturesque scenery, providing a healthy and beautiful life for its family.