Finding work in Italy
There are currently no restrictions on working or setting up a business in Italy for UK and EU residents, as long as you make sure you comply with all local regulations and tax criteria.
There are several options that you can consider when looking to find work to fund your new life in Italy. Here are some of the most popular:
Renting out your property
One of the most popular ways for Brits to support their life in Italy is to rent out their property when they aren’t using it. Renting out an annex or outhouse, or setting up the property to be a bed and breakfast is also popular.
Make sure you consider all tax and employment regulations, and that you conduct considerable market research beforehand
Setting up a business
Another option is to set up your own business. If this is your plan, remember that this will take a lot of hard work, especially as there will be lots of economic differences between Italy and the UK. If you do decide to go along this route, make sure you consider all tax and employment regulations, and that you conduct considerable market research beforehand to ensure your business idea is viable. Ask yourself how seasonal the work is likely to be, how many hours you’d realistically like to work, whether you’d be happy working weekends, and how you’d manage staffing and suppliers. You need to establish whether setting up a business in Italy is the right thing to do, if not, it could end up turning into a nightmare.
Set up an online business
Many expats who have skills that they can offer on a freelance basis set themselves up as an online business. For example if you are a writer, editor, graphic designer, project manager, accountant or can do something else that allows you to work remotely, this is an excellent way of financing your life. Plus, this affords you the luxury of only taking on projects that suit you, so you can pick and choose according to your needs.
Whichever way you choose to fund your life in Italy, make sure you conduct the necessary research early on in the buying journey.
Research, research, research!
Whichever way you choose to fund your life in Italy, make sure you conduct the necessary research early on in the buying journey. If you’re looking to find employment within an Italian company, chances are that you’ll need an international company, in which case you’re likely to be limited to basing yourself in one of the bigger cities. Italy has higher unemployment rates than the UK, so that needs to be taken into consideration too.
It’s important that you have an income strategy in place before you leave the UK. You need to ensure you can afford your new life in Italy, and you’ll need to ensure all tax affairs are tied up before you leave. Let us put you in touch with our recommended financial advisory firm.