In recent years, Italy has become increasingly attractive to international entrepreneurs, investors, executives, and high-net-worth families who are choosing the country not only for its unparalleled lifestyle— but also for its intelligent tax advantages regulated and proposed by the Revenue Agency to foreign citizens thanks to a specific law since 2017.
🧭 The new resident regime: a real Tax Benefit for Global Wealth
This special tax regime allows individuals who move their tax residency to Italy to pay a flat annual tax of €200,000 on all foreign-sourced income, regardless of the amount. Here you can find the main features of this regime
| Aspect | Details |
| Flat tax | €200,000/year on foreign income |
| Duration | Up to 15 years |
| Extension to family | Additional €25,000 per each family member |
| Income limit | No cap—applies even to multimillion-euro foreign income |
| Eligibility | Non-tax resident in Italy for at least 9 of the previous 10 years |
🏡 Real Estate and Tax Residency: a strategic combination
Those who want to apply of this regime, must become Italian tax resident, which practically requires spending at least 183 days per year in Italy, establishing a permanent home, registering as an Italian resident, and demonstrating personal and/or family ties.
Thanks to this special tax regime many UHNWI are choosing to buy properties in the most fascinating areas of Italy. Most sought-after locations among UHNWIs are:
• Tuscany (Chianti, Florence, Maremma)
• Lombardy (Milan, Lake Como)
• Rome and the surrounding countryside
• Amalfi Coast and Capri
• Sicily and Puglia
• Dolomites and Alps
🔍 How We Can Help You
Our law firm offers a turnkey service tailored for UHNW clients seeking to establish a presence in Italy, thanks to a Legal and Tax Support Services:
• Property search and legal due diligence
• Complete management of the tax residency process
• Application and legal coordination for the flat tax regime
• Liaising with notaries, tax advisors, architects, and family offices
• Wealth structuring and inheritance planning
👇 Why Now? (According to 2024-2025 data provided from Revenue Agency)
Italy’s appeal to global wealth is not just theoretical and the numbers confirm a growing trend.
According to the Italian Revenue Agency, 1,495 millionaires applied for Italy’s new resident tax regime in 2023, a 31.6% increase over the previous year (1,136 in 2022). Among them, 1,070 were primary taxpayers, while 425 were family members who benefited from the same favorable tax treatment — confirming Italy’s unique advantage of allowing entire family units to relocate under the same scheme.
Despite a legislative change in August 2024 that raised the flat tax from €100,000 to €200,000, the regime continues to gain traction. In fact, in the first months of 2024 alone, 706 new applications were submitted — a number that signals sustained international interest, even under the updated rules.
Moreover, interest is expected to surge further in 2025 due to the UK’s abolition of the “non-dom” regime, effective April 6, 2025. As the UK phases out this longstanding fiscal attraction, many high-net-worth individuals are already considering relocating to more tax-efficient jurisdictions and Italy, despite the increase in the flat tax, remains a strategic and competitive alternative to any other tax regime.
✨ In Conclusion: Begin Your Next Chapter in Italy
With the right team by your side, moving your tax residency to Italy and investing in a luxury property there can unlock a strategic tax solution, a better lifestyle, and long-term protection for your wealth.
📩 Do you need further information? Contact us privately and discreetly.
🌐 www.italianluxuryrealestatelawyer.com