Tuesday, December 10, 2019 / by Vanessa Saunders
Do you have dreams of moving abroad? Maybe you plan to retire somewhere tropical where island breezes and warm sand are a part of every day living? Or perhaps finding a little bit of paradise overlooking Tuscan vineyards or Spanish olive groves for you to visit a few months out of the year? If you've ever thought of buying a little place of your own in another country, first you need to do some homework. Below are five things to consider when you plan your great escape.
1. How's the economy?
Moving overseas can be a good idea in an area with a low cost of living. But first, you should look into what it costs to live in paradise. Analysis by experts is available from the World Population Review's website . Plan ahead and budget accordingly.
2. Foreign Property Ownership Laws
Not every country allows just anybody to own real property like the United States. According to financial consulting firm SmartAsset, "Even if the country you’re interested in allows foreigners ...
Thursday, September 19, 2019 / by Vanessa Saunders
What better time to pack up and head to sunny Italy! A bill that included very generous tax incentives for people interested in relocating to Italy has been made into law. The ‘Decree of Growth’, also known as the ‘lavoratori impatriati’ regime, is aimed at any type of worker, regardless of their qualification or skill level. It expands on the previous version, which only included managers, executives and entrepreneurs.
Passed under ‘Law 58’, the decree reduces the amount of taxable income to just the first 30% of the worker’s employment income for the first five years. This leaves that 70% that a worker can keep tax free. And that's just for starters.
If an individual chooses to relocate to southern Italy or to the islands of Sicily and Sardinia, the incentives would be even greater. Taxable income for those new residents is just 10% in the first five years – meaning that 90% is untaxed.
Buy a house or have a dependent child a ...
Thursday, January 24, 2019 / by Vanessa Saunders
Three experienced REALTORS® have joined the Global Property Systems real estate team. We welcome them, and thank them for bringing their unique qualifications to our growing global company.
DUBRASKA TOVAR NYS Licensed RE Salesperson.
Dubraska is a native of Venezuela, moving to the Hudson Valley in 2010. She comes to us as a member of our Marketing Team and will also work closely with our Spanish speaking clients. Dubraska comes to us from Wells Fargo where she was a mortgage loan originator, and offers a deep understanding of the mortgage process and the Hudson Valley real estate market. Her fluency in both English and Spanish, will enable our Spanish speaking clients to fully understand the entire home buying and selling processes, and as an immigrant herself, she will also guide our international clients through the immigration process.
PETRA STONE NYS Licensed RE Salesperson
Petra Stone has joined our Hud ...