A “Golden Visa” is the right of taking a permanent residence for wealthy people against:
- a substantial flat tax payment or
- an investment in real estate in under-developed areas or
- a donation of a specific amount of money to the government.
Foreigners from 168 countries who move their main residence to the new tax haven will receive an “EU Golden Visa”, a permanent residence permit if they simultaneously apply for the Flat Tax Regime with a lump-sum taxation of 100,000 EUR per year.
Explained in simple terms
International entrepreneurs, sports stars and wealthy individuals (High Net-Worth Individuals, better known as HNWI) from all over the world will be entitled to benefit from a privileged Flat Tax Regime in Italy. In exchange of 100,000 EUR Flat Tax per year, they can move to Italy and receive a permanent residence permit.
This means that you will pay exactly 100,000 EUR in taxes to the Italian State every year and your income and wealth generated outside Italy will be tax-free, regardless of how much you earn. The flat tax remains invariable despite the amount of income.
The football superstar Cristiano Ronaldo moved to Italy with the new Italy Flat Tax Regime. With this tax-saving model, he’s total income generated outside Italy remains untaxed.
The best part is that all types of income and assets generated outside of Italy are automatically and legally taxed (by virtue of the law), regardless of the level of income and wealth.
Professionals and retiring businesspeople accessed to the attractive tax-saving model since 2018, coupled with a so-called “EU Golden Visa” which is a visa-free travel permit to the Schengen Countries. The visa-free access to the Schengen Countries makes the Italy Flat Tax Regime even more attractive for Non-EU Citizens.
In particular, economically desperate EU countries are now attracting wealthy taxpayers with permanent residence permits combined with tremendous tax benefits (Golden Visa) to reanimate the Italian economy. As the Lega leaders have reached the absolute majority in Italy on 26 May 2019, they ensured a fast handling with VIP Fast Track Service for our clients. We received privileged access to a dedicated representative inside the Italian Tax Agency (Agenzia delle Entrate). Lega will help and defend the Italy Flat Tax Regime against all future enemies, including some high-level politicians from the EU.
Unlike other Golden Visa Programs such as in Portugal, Spain, Greece, Malta, Cyprus, where only husband, wife and children are eligible, in Italy, the extended family circle can move to Italy with the Italy Flat Tax Regime. This privilege can very attractive to big families and clans. With an additional lump-sum tax of 25,000 EUR per extended family member (grandfather, brother, uncle) the entire clan can move to Italy. Such a benefit can be found in Italy only – the new Tax Haven.