Why Italy Is Becoming The "New Dubai" скачать в хорошем качестве

Why Italy Is Becoming The "New Dubai"

Italy is quietly rewriting the rules as a tax haven - Europe's most stylish country attempting to become its most welcoming wealth vault. ——————————————— TIMESTAMPS: 0:00 Introduction 01:10 Chapter 1: The Italian Mirage 05:04 Chapter 2: The CR7 Revolution 08:56 Chapter 3: Milan Means Business 12:36 Chapter 4: The Italian Gamble ——————————————— When you think of Italy, you likely imagine Tuscan sunsets, Renaissance masterpieces, and three-hour lunches where time dissolves into wine and conversation. The stereotype persists because it flatters both sides – tourists get permission to romanticize, Italians get to shrug at their own dysfunction while serving aperitivo. The evidence now appears in Frankfurt boardrooms, London departure lounges, and Dubai private banking offices where wealth managers discuss Italian residency with the same seriousness once reserved for Swiss accounts. One hundred forty-two thousand millionaires are expected to relocate internationally in 2025, the largest wave on record, with 3,600 of them headed to Italy, ranking the country third worldwide behind the United Arab Emirates and the United States. Milan generates approximately 193 billion euros in output, close to ten percent of the national economy, with per capita GDP hovering near 60,000 euros—roughly double the Italian average. International families are choosing Milan eight times out of ten when they relocate to Italy, a concentration reflecting a deliberate national pivot toward lifestyle fused with legal certainty and business infrastructure. Citywide real estate averages sit around 5,512 euros per square meter, rising to 13,000 to 15,000 euros in Brera and the Quadrilatero della Moda, with the luxury segment appreciating between 15 percent and 28 percent over five years. In 2017, Rome introduced a flat annual levy of 100,000 euros on all foreign-sourced income for new residents with the means to relocate, creating a regime that could last up to fifteen years. The structure earned its nickname from Cristiano Ronaldo's Juventus period, turning the regime into the "CR7 tax" in headlines and boardrooms. By August 2024, the fixed levy for new applicants doubled to 200,000 euros, yet demand held as nearly 4,000 applicants have entered since 2017. Italy's audit court tracked 254 million euros in flat tax receipts between 2018 and 2022, with more than 100 million euros in 2023 alone. In April 2025, the United Kingdom abolished its centuries-old non-domiciled regime, resulting in the largest single-year millionaire exodus ever recorded with an estimated 16,500 high-net-worth individuals leaving and roughly 92 billion dollars in investible assets moving with them. Relocations to Milan include Egyptian billionaire Nassef Sawiris, Formula One champion Lewis Hamilton, senior partners from Swiss banking group Pictet, and former Goldman Sachs executives. Major institutions including Goldman Sachs, JPMorgan, and Barclays have expanded their Milan operations, while Italy's National Recovery and Resilience Plan allocates 191.5 billion euros to digital, transport, and energy projects. In February 2025, the United Arab Emirates announced a 40 billion dollar commitment to Italy across artificial intelligence, data centers, renewable energy, defense, and critical materials. Italy has fused Dubai-style incentives with European certainty and Italian culture into a single proposition that sells speed without sacrificing status, placing its marker as the country that welcomes best rather than simply taxes least.