More and more millionaires are choosing theItaly as a new residence. In 2025, more than 142,000 millionaires will change country. A figure that places our country in third place globally, surpassing Switzerland (3,000) and behind only the United Arab Emirates (9,800) and the United States (7,500).
Underlying this attractiveness is the tax regime introduced in 2017, known as the "CR7 rule". This measure allows new residents with income generated abroad to pay a fixed annual tax of EUR 200,000, regardless of the actual amount of income. A proposal that has already convinced important names in international finance and business to move, especially to Milanwhich has now become a benchmark for European high finance.
According to the Global Wealth Report by BCGItaly has about USD 6.9 trillion of investible financial wealth, with growth forecasts of 6.5% per year until 2029. Today, some 517,000 millionaires and over 2,600 ultra-rich people with assets in excess of USD 100 million live in the country. These figures are estimated to grow by 1% and 3% per year respectively in the coming years.
In addition to favourable taxation, what makes Italy so desirable are its Mediterranean climate, gastronomic excellence, cultural heritage and proximity to the sea and mountains. In an increasingly competitive global context, Italy manages to combine tax advantages and quality of life like few other countries in the world. It is not surprising, therefore, that it is becoming the new home of an increasing number of high net worth individuals.
The IB International Real Estate team has experience in assisting an international clientele seeking a property in Italy in the most exclusive locations.
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