Opening a bank account in a foreign country is often daunting; this article will provide you with some useful information in order to open a bank account in Italy. Required documents: you should provide the Italian bank with your passport, your Italian Tax Code (Codice Fiscale) and proof of employment (or proof that you are…
Buying a property in Italy may seem quite daunting – the Italian bureaucracy is indeed known for causing confusion. However, even if buying a house in Italy is definitely different from buying a house in the USA, it is actually a straightforward process. Moreover, purchasing a property in Italy is perfectly safe and legal for…
If you decide to buy real estate in Italy, you might consider signing a Power of Attorney (Procura) in order to facilitate the process of purchasing a house. What is a Power of Attorney? A Power of Attorney (PoA) is document which allows an individual (the “principal”) to grant another person (a trusted…
In our previous article we talked about Real Estate Due Diligence. But what happens next? If you have decided where to buy a house in Italy and are sure about your purchase, these are a few phases you will need to go through. First of all, the buyer will have to make a purchase offer….
Real Estate Due Diligence is becoming more and more relevant in Real Estate purchasing processes in Italy. It plays a very important role as the objective is to verify that the purchasing process is transparent and doesn’t hide any shady deals, especially before any offer is made. This is the reason why you shouldn’t jump into a deal immediately and should rely…
Buying a property in Italy as a foreigner can be difficult, and in most cases, it is advisable to get the help of a Real Estate agent. In Italy, by law an agent must be registered with the local chamber of commerce (camera di commercio) and hold a certificate issued by the local municipality (comune)…
If you’re thinking of investing in Italian real estate, perhaps for your own private residence or as an investment, you’ll need to consider a number of costs that are associated with buying your own piece of Italian soil. In addition to the cost of the property, you will find that there are a number of…