Milan is launching new tax incentives aimed specifically at attracting foreign professionals and investors. While the full details are in the Wall Street Journal, this initiative is likely an expansion of Italy’s existing “regime impatriati” scheme, which offers a 70-90% tax exemption on employment and self-employment income for those who relocate their tax residency to Italy.
Key points this article likely covers:
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Who it’s for: The incentives are primarily targeted at high-skilled workers, digital nomads, retirees, and investors bringing new economic activity to the Lombardy region.
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The Benefit: Qualified individuals could see a massive reduction in their Italian income tax liability, potentially paying taxes on only 10-30% of their income for a set period (often up to 5-10 years).
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The Goal: To reverse “brain drain,” attract fresh capital, and boost Milan’s status as a global financial and innovation hub, competing with cities like London and Amsterdam.
This represents a major strategic shift for Italy, actively rolling out the red carpet for international talent.
👉 Read the full story on The Wall Street Journal
If you’re considering a move to Milan, this could be a game-changer. You may also be interested in our other posts on Italian living and real estate:
- Is it a Good Time to Buy a House in Italy?
- Best Places to Live in Italy for Family
- Understanding the Role of an Italian Notaio
