More than 142,000 millionaires worldwide will relocate in 2025, according to research by Henley & Partners, a company specialising in consultancy for citizenship and residency programmes.
Around 3,600 of them will choose Italy, ranking behind only the United Arab Emirates (9,800) and the United States (7,500), but ahead of Switzerland (3,000). The decision is driven by geopolitical tensions and increasing global tax competition, with the number of high-net-worth individuals ready to relocate having more than doubled in the past decade.
The CR7 flat tax: A key to fiscal attractiveness
Since 2017, Italy has been applying a special tax regime known as the ‘CR7 rule’ (an acronym coined after footballer Cristiano Ronaldo), which allows non-domiciled residents to pay a fixed annual tax of €200,000 on income generated abroad, for a period of 15 years.
For family members opting for the same regime, the flat tax drops to €25,000. The regime applies to income from financial investments, image rights, capital gains and foreign inheritances, while income produced in Italy is taxed ordinarily.
Milan, a new hub for international high finance
The recent abolition of the tax regime for ‘non-doms’ in the United Kingdom, individuals resident but not domiciled, has prompted many international millionaires and managers to move to Italy, particularly Milan.
Names such as Elio Leoni-Sceti, Bart Becht, Richard Gnodde and Nassef Sawiris have chosen Milan for its tax advantages, quality of life and quick access to European markets.
In addition to the favourable tax conditions, Milan is experiencing a growth in luxury services, with new exclusive clubs, high-end hotels such as Rocco Forte and Rosewood, and an expansion of international law firms.
SeaStill2733 on
Is it millionaires or billionaires?
kidno777 on
Taxes must be raised on all these people. And a lot.
baebigballs on
Why are 3600 billionaires? Why are we as BILLIONS OF POOR PEOPLE allow such systems to exist?
Perfect_Cod_7183 on
Millionairs. I guess he is using the US words for it.
DariusIsLove on
You fucked up the title OP
Sufficient-History71 on
Meanwhile salary of a working class Italian remains shit. Well done Meloni and well done her voters.
jjvfyhb on
☹️
Also I think there are less than 3000 billionaires in the world
Serious-Sentence4592 on
I hope they fucking die in this ever smoldering shithole like the rest of us.
PandaCheese2016 on
> Since 2017, Italy has been applying a special tax regime known as the ‘CR7 rule’ (an acronym coined after footballer Cristiano Ronaldo), which allows non-domiciled residents to pay a fixed annual tax of €200,000 on income generated abroad, for a period of 15 years.
For family members opting for the same regime, the flat tax drops to €25,000. The regime applies to income from financial investments, image rights, capital gains and foreign inheritances, while income produced in Italy is taxed ordinarily.
How fair this system is depends on how the income is taxed abroad. It’s indisputable that the richer you get the less tax you pay proportional to your wealth due to tax breaks and loopholes.
medievalvelocipede on
It is exactly what you expect: ‘Italy is the third most popular global destination for millionaires seeking tax advantages and a high-quality lifestyle, according to a recent report.’
Vast-Difference8074 on
A flat tax of 200k is way too little for people sitting on huge wealth. They should absolutely be made to pay more, but also pushed to invest in the real economy, not just in villas, luxury hotels, and high-end dining
Let’s tell them to put money where it matters. Buy and hold shares in solid Italian companies, especially in tech, green energy, startups, or local firms with real potential. They’ll naturally invest in what looks successful, so the money won’t go to waste propping up failing projects. It’s not charity, it’s smart cause they will profit too
As for real estate, they shouldn’t just buy what’s already built and drive up prices for everyone else. If they want a house, fine, but build one. Or if they buy one ready-made, they should be required to finance the construction of another. That way, they’re not just taking from the market, they’re adding to it
This isn’t about punishing wealth. It’s about using it better. If they want the benefits of living here, they should also help Italy grow, not just use it as a luxury playground
The_Last_Cast on
Please, just go to Dubai and fuck off…
Moosplauze on
Why do people even upvote this at all?
zabajk on
Unless western states start to clamp down on the super rich instead of catering to them with low taxes and regulations , our societies will only decline faster
anewpath123 on
Is that a lot? I have no idea
Haunting_Meal296 on
Stupidity
Bruggenmeister on
What ?
amauri8 on
This is 4D chess, you will discovered more when we get all of them here.
WorldlyBuy1591 on
But but what about the wealth tax 🙁
Dont leave 🙁
roderik35 on
These billionaires are taking jobs from ordinary Italians… /s
Convoke_ on
I read it as: italy to attract 3600 billion millionaires.
ciakkuzi on
More than existing ones, that’s a great achievement
Socmel_ on
Terrible choice.
These billionaires know no loyalty or attachment to a country. They shouldn’t be able to buy a citizenship like a fashion accessory, and there are so many negative externalities to them settling here, such as spike in real estate investment pricing out locals and gentrifying the areas they choose.
And with the amount of legal and illegal ways they know to pay less taxes, you can’t even say they add to the economy.
Existinginsomewhere on
Is it an m or a b? Only One has a chance to live
MakoSmiler on
The super rich need to dealt with. Their assets seized unless they cooperate and pay their fair share (a fucking lot and I would propose it’s all backdated also).
26 commenti
More than 142,000 millionaires worldwide will relocate in 2025, according to research by Henley & Partners, a company specialising in consultancy for citizenship and residency programmes.
Around 3,600 of them will choose Italy, ranking behind only the United Arab Emirates (9,800) and the United States (7,500), but ahead of Switzerland (3,000). The decision is driven by geopolitical tensions and increasing global tax competition, with the number of high-net-worth individuals ready to relocate having more than doubled in the past decade.
The CR7 flat tax: A key to fiscal attractiveness
Since 2017, Italy has been applying a special tax regime known as the ‘CR7 rule’ (an acronym coined after footballer Cristiano Ronaldo), which allows non-domiciled residents to pay a fixed annual tax of €200,000 on income generated abroad, for a period of 15 years.
For family members opting for the same regime, the flat tax drops to €25,000. The regime applies to income from financial investments, image rights, capital gains and foreign inheritances, while income produced in Italy is taxed ordinarily.
Milan, a new hub for international high finance
The recent abolition of the tax regime for ‘non-doms’ in the United Kingdom, individuals resident but not domiciled, has prompted many international millionaires and managers to move to Italy, particularly Milan.
Names such as Elio Leoni-Sceti, Bart Becht, Richard Gnodde and Nassef Sawiris have chosen Milan for its tax advantages, quality of life and quick access to European markets.
In addition to the favourable tax conditions, Milan is experiencing a growth in luxury services, with new exclusive clubs, high-end hotels such as Rocco Forte and Rosewood, and an expansion of international law firms.
Is it millionaires or billionaires?
Taxes must be raised on all these people. And a lot.
Why are 3600 billionaires? Why are we as BILLIONS OF POOR PEOPLE allow such systems to exist?
Millionairs. I guess he is using the US words for it.
You fucked up the title OP
Meanwhile salary of a working class Italian remains shit. Well done Meloni and well done her voters.
☹️
Also I think there are less than 3000 billionaires in the world
I hope they fucking die in this ever smoldering shithole like the rest of us.
> Since 2017, Italy has been applying a special tax regime known as the ‘CR7 rule’ (an acronym coined after footballer Cristiano Ronaldo), which allows non-domiciled residents to pay a fixed annual tax of €200,000 on income generated abroad, for a period of 15 years.
For family members opting for the same regime, the flat tax drops to €25,000. The regime applies to income from financial investments, image rights, capital gains and foreign inheritances, while income produced in Italy is taxed ordinarily.
How fair this system is depends on how the income is taxed abroad. It’s indisputable that the richer you get the less tax you pay proportional to your wealth due to tax breaks and loopholes.
It is exactly what you expect: ‘Italy is the third most popular global destination for millionaires seeking tax advantages and a high-quality lifestyle, according to a recent report.’
A flat tax of 200k is way too little for people sitting on huge wealth. They should absolutely be made to pay more, but also pushed to invest in the real economy, not just in villas, luxury hotels, and high-end dining
Let’s tell them to put money where it matters. Buy and hold shares in solid Italian companies, especially in tech, green energy, startups, or local firms with real potential. They’ll naturally invest in what looks successful, so the money won’t go to waste propping up failing projects. It’s not charity, it’s smart cause they will profit too
As for real estate, they shouldn’t just buy what’s already built and drive up prices for everyone else. If they want a house, fine, but build one. Or if they buy one ready-made, they should be required to finance the construction of another. That way, they’re not just taking from the market, they’re adding to it
This isn’t about punishing wealth. It’s about using it better. If they want the benefits of living here, they should also help Italy grow, not just use it as a luxury playground
Please, just go to Dubai and fuck off…
Why do people even upvote this at all?
Unless western states start to clamp down on the super rich instead of catering to them with low taxes and regulations , our societies will only decline faster
Is that a lot? I have no idea
Stupidity
What ?
This is 4D chess, you will discovered more when we get all of them here.
But but what about the wealth tax 🙁
Dont leave 🙁
These billionaires are taking jobs from ordinary Italians… /s
I read it as: italy to attract 3600 billion millionaires.
More than existing ones, that’s a great achievement
Terrible choice.
These billionaires know no loyalty or attachment to a country. They shouldn’t be able to buy a citizenship like a fashion accessory, and there are so many negative externalities to them settling here, such as spike in real estate investment pricing out locals and gentrifying the areas they choose.
And with the amount of legal and illegal ways they know to pay less taxes, you can’t even say they add to the economy.
Is it an m or a b? Only One has a chance to live
The super rich need to dealt with. Their assets seized unless they cooperate and pay their fair share (a fucking lot and I would propose it’s all backdated also).