Move to Italy and enjoy the Italian lump sum tax

Pay a fixed €200k tax each year, regardless of how much income you have worldwide

The lump sum regime is available to to anybody who is willing to move their tax residence to Italy, under the condition that he or she has not been resident in the country for at least 9 out of the last 10 years.

The Italian lump sum tax regime is designed for high-net-worth individuals who transfer their residence to Italy and provides for the payment of an annual substitute tax of €200.000 on foreign source income and gains. Moreover, no wealth, inheritance and gift taxes on foreign (non-Italian) held assets are due.

The lump sum payment covers practically all categories of non-Italian sourced income. Participants are exempt from donations and inheritance taxes relating to assets and real estate owned abroad, as well as from wealth taxes on foreign real estate or financial assets.

Furthermore, no remittances taxes or foreign-held asset reporting is required when opting for this regime, allowing people the freedom to remit funds between different countries with no restrictions due to the already paid lump sum tax.

Once granted, the regime is valid for 15 years and the taxpayer can opt out at any time. The status automatically lapses in the event of failure to pay the annual lump sum, partly or in full.

The lump-sum regime can be extended to your family for an additional amount of €25,000 per family member. The definition of dependents is flexible and can include a spouse, siblings, sons and daughters, sons- and daughters-in-law, and parents and parents-in-law.

Benefits

• €200k Lump-Sum Tax per year;
• Visa-free travel to Europe’s Schengen Area;
• Access to medical care and education facilities;
• Citizenship may be available after 10 years of residence (under special conditions).

Who Can Qualify

To qualify for residence status in Italy, applicants can choose to invest in either of the following two program options:

• Elective Residence Visa
  The Elective Residence Visa (Residenza Elettiva) is a 1-year Italian Visa that allows you to enter Italy for a long-term visit.
  It can be renewed for 2 years and you can continue to renew it for two years. It applies to foreigners who intend to relocate to Italy by financially supporting themselves autonomously. It means: without working. The Elective Residence Visa applicant must demonstrate a minimum of 32,000€/year of passive income. Commons examples of passive income are dividends, pensions, royalties, rents, stable incomes from a long-term investment, etc.
  This is the best option for relocating to Italy if you have a solid and stable passive income. Denials are not rare because of this requirement. Indeed, when applying for an Elective Residence Visa it’s essential not only to avoid self-applications but to be assisted by qualified relocation professionals with strong credentials and experience. Italian Consulates apply strict interpretations and evaluations on each requirement.
• Investor Visa for Italy
  The Investor Visa is an entry visa for individuals who intend to make an investment or donation in Italy. It allows the investors/donors to acquire residency in Italy by opting into one of the following categories:
  • A minimum of EUR 2 million in Italian government bonds;
  • A minimum of EUR 500.000 in Italian corporate bonds or shares (reduced to EUR 250.000 if investing in innovative start-ups);
  • A minimum of EUR 1 million in projects of public interest in Italy, such as culture, education, ecology, immigration management, research and development, arts, and heritage.

If you want to understand how you can benefit from one of those Programs, you can write us for your qualified advice in individual cases.

Residence in Italy

How to transfer your residence to Italy

REFRAMED can help you transfer your residence to Italy.
We take care about all the paperwork required for residence, real estate research (renting/buying a house) and every little detail involved in a relocation alone or with the family.

We provide tax and legal advisory for our clients before, during and after relocation and assistance in several areas:

• Italian Citizenship Law;
• Immigration Law;
• Corporate Law;
• Family Law;
• Criminal Law.

We can also provide many other services, including but not limited to:

• Police Clearance Certificate/Pending Proceedings Certificate;
• Apostilles;
• Birth and Marriage certificates;
• Transcription of acts of birth and marriages from Italian municipalities;
• Etc.

Write us for your qualified advice in individual cases.