Global mobility

New tax regime for high net worth individuals

Gabriele Labombarda Gabriele Labombarda

The Italian Budget Law for 2017 (Law n° 232 issued on December 11th, 2016) introduced two new provisions to encourage so-called “high net worth individuals” to move to Italy.

One of the provision aims at granting VISAs, out of the quotas annually defined, to foreign individuals willing to make investments in Italy.

The other provides for the exemption of foreign investments from Italian taxation (so called “non-domiciled tax resident”).

Please be aware that an advance ruling is necessary to benefit from the new tax regime.

Should you be interested in receiving more information on the above please reach out to Gabriele Labombarda or Paola Lova for a tailored analysis of your personal situation.