In recent years Italy has become an increasingly attractive destination for international investors and high-net-worth individuals, partly thanks to a tax regime dedicated to those who move their residence here: the so-called new residents regime.
What it consists of
The regime allows those who transfer their tax residence to Italy and meet the requirements to subject income produced abroad to a flat-rate substitute tax, instead of ordinary taxation. The amount of the flat rate is set by law and can be extended to family members for a reduced additional fee.
Note: amounts, duration and conditions of the regime are set by law and subject to updates. They must be verified at the time of application.
Who it is aimed at
It is designed for people with significant income and assets abroad who intend to move their centre of interests to Italy: entrepreneurs, professionals, foreign pensioners and international investors.
The main requirement
In general, those who have not been tax-resident in Italy for a minimum number of years in the period before relocation may apply. This requirement must be checked carefully, as it determines eligibility for the regime.
The link with property investment
For many, relocating residence goes hand in hand with buying a prestige property in Italy: a stable home that becomes both a lifestyle choice and a wealth investment. The two aspects — tax and property — should be planned together to optimise the operation.
Why dedicated advice is needed
Access to the regime requires an application, verification of requirements and careful planning. A mistake in assessing prior residence or in the documentation can compromise the benefit. Combining tax advice with a legal review of the property investment allows relocation to Italy to be approached with full confidence.