In recent years, "Flat tax" has become an even more popular way to obtain a residency in Italy than the Golden Visa among wealthy Americans.

   Italy introduced a "Flat Tax" regime for new high-net-worth residents who meet certain criteria. This regime allowed eligible individuals to pay a fixed amount of income tax, regardless of their total income. This tax regime is available for individuals who have just become "new residents" in Italy and are able to meet specific eligibility criteria, including having been a non-resident in Italy for at least nine of the ten years preceding the move to Italy and having a non-Italian source of income.        

  High-net-worth individuals transferring their tax residence to Italy are enabled to pay a fixed substitute tax, which amounts to €100,000 euros per year, on the income generated outside of Italy and can be applied for a period of 15 years. The eligibility for the tax-relief scheme may be extended to family members by having them pay a substitute tax that amounts to €25,000 per member on their foreign income. Individuals transferring their tax residence have to pay inheritance and donation tax only for properties and assets existing within the Italian territory. "Flat Tax" regime is very popular among high-net-worth Americans and Europeans and it is definitely one of the reasons for buying in the Italian market.