CAMPIONE D’ITALIA: AN UNIQUE AND LEAST-KNOWN TAX-HEAVEN FOR FOREIGN RESIDENTS

(NON ITALIAN RESIDENTS)

 

Campione d’Italia, an Italian enclave on Swiss territory, on the shores of Lake Lugano, is an ideal place of residence for anyone wishing to live in a safe and accessible location in the middle of Europe, with a temperate climate and a favorable tax treatment.

 

Campione d’Italia represents a very good option for wealthy foreigners wanting to reside in a not well-known, but for this reason even more interesting, tax heaven.

Campione d’Italia is a tax heaven “de facto” and not “de jure”. In fact, the Italian tax authorities ignores since many decades that foreign citizens do not submit the tax return, with the consequence that they do not pay taxes at all in Italy (the assistance of a tax advisor is however advisable before acquiring the residency in Campione d’Italia).

 

In the following text we would like to give you a short overview of the many advantages offered by Campione d’Italia to its foreign residents

 

General advantages

 

  • Serious and reliable residency in a EU Member State (Campione d’Italia, being part of Italy, belongs to the EU even if it is excluded from the euro zone – its local currency is in fact the Swiss franc)
  • Campione d’Italia is generally not perceived as a tax heaven central location in the middle of Europe, about ten driving minutes from the financial place of Lugano and the Lugano Airport, with the Airport of Malpensa less than one hour away
  • Very high quality of life where the Swiss efficiency is combined with the Italian lifestyle
  • Safety location with a low crime rate
  • No restrictions on foreign ownership of real estate Taxation De facto” tax exemption for foreigners not earning income in Italy
  • Exemption from the inheritance tax for close relations Campione d’Italia excluded from the EU VAT custom area; the Swiss VAT is applied (standard rate of 7.6%) only on goods not on labor
  • Purchase of real estate from developer would be subject to VAT at 4 or 10%, but thanks to the previously mentioned exemption, taxation on transfer of property is a flat rate tax of €504,00
  • Swiss quality of life and utilization of many Swiss services like the Swiss telephone systems and the Swiss number plates
  • Possibility to use many Swiss facilities and infrastructures at the same charges applied to Swiss residents (for ex. the University of the Canton Ticino)
  • Access to the Swiss educational system access to the Swiss high standard of medical treatment (hospitals, doctors), the public health is run by a Swiss health insurance private company.
  • Requirements for residency rather simple procedure for obtaining the residency for EU residents

 

 

If one you wish to transfer your residency to Campione d’Italia, we would be delighted to assist you in all the necessary steps. In particular we can assist you in obtaining the residence permits and in the home search (buying and renting). We make for you the whole process hassle-free.