This is a frequent concern for foreigners who are thinking of moving to Italy. In fact, taxes in Italy may be considered high, however, in the Italian tax system, there is a special regime for new residents, which actually can be considered a very attractive regime.
Did you know that Italy offers a special and favorable tax regime to anyone who moves his/her residency in the country?
If you are considering moving to Italy, you might be interested in the “new residents” tax regime. For further information, you can visit https://investorvisa.mise.gov.it/index.php/en/home-en/special-tax-regime-for-new-residents.
There are several tax incentives available for who moves to Italy for work reasons – such as for high qualified workers, professors, researchers – or for who relocates just to enjoy life in the country, regardless of the work activities: High-net-worth individuals transferring their tax residence to Italy can choose the flat tax system, whereby the taxpayer can opt for a yearly payment of € 100.000 instead of being subject to the ordinary taxation system.
Another set of good reasons to start a business and invest in Italy is given by the wide range of government incentives to boost investments, especially in – but not limited to – the field of innovative businesses. Further information is available at https://investorvisa.mise.gov.it/index.php/en/home-en/incentives-to-investors-italy-s-industria-4-0-plan.
Giuditta Petreni has over 10 years of experience in assisting companies and business investors with relocation of managers and staff to Italy. Giuditta has extensive experience advising corporate and private clients on a full range of Italian immigration categories. She is fluent in Italian and English.