Italy captures the attention of many American citizens interested in obtaining Dual Citizenship or purchasing real estate and property. Some may have Italian ancestors and want to reconnect with their roots.
Is it possible to buy property in Italy without dual citizenship or without Italian residency?
Yes. It is possible for American citizens to purchase real estate and buy property in Italy – with some conditions.
Although not all non-EU residents can acquire property in Italy, it is perfectly legal for Americans because of a reciprocity treaty between Italy and the United States. This agreement allows Italian citizens to buy property in America and vice-versa.
Americans can purchase real estate and other assets in Italy, even without Italian residency. However, one must bear in mind that foreigners outside the EU can spend a limited amount of time at a time in Italy – without a Visa it is 90 days. Despite this limit, it is not a problem for American citizens planning to purchase a property in Italy to use as a seasonal home.
Those who want to stay longer in the country can reside in Italy for up to 1 year with an Electronic Visa. This visa can be renewed year after year. However, if you leave the country for over 6 months, your visa ends. To request an Electronic Visa, you must meet one of these conditions: an income of over $30,000, health insurance, lease, or ownership of a home in Italy.
If you would like to know more about Italian real estate or if you are eligible for Italian dual citizenship, contact MY LAWYER IN ITALY®. Our team is specialized in Italian dual citizenship, inheritance and real estate.