There are many factors that affect the choice of the destination country by non-residents for their relocation. These factors can be clustered into three main categories: geopolitical and social, personal, and juridical.
In recent years, migratory flows have increased due to economic, geographical, demographic and political factors. The main destination countries are the United States, Germany, Saudi Arabia, Russia, the United Kingdom, the United Arab Emirates, France, Canada, Australia, Spain and Italy.
In particular, High Net Worth Individuals (HNWIs) move from China to the United Arab Emirates, the United States, Singapore, Canada, Australia, Italy, Switzerland, Greece, Portugal and Japan. Italy, specifically, attracts many millionaires thanks to tax advantages such as the so-called "Neo Residenti" regime, which offers an annual flat rate of 100,000 euros for income produced abroad.
By Alessandro Dragonetti - Managing Partner & Head of Tax Bernoni Grant Thornton
There are many factors that affect the choice of the destination country by non-residents for their relocation. These factors are partially connected to the reasons that lead non-residents to leave their country of origin. In principle, a preliminary condition to evaluate [...]
By Carlotta Benedet - Director Bernoni Grant Thornton
In more recent years, many reasons have generated an increase in global migration flows. As shown by the data collected in the "World Migration Report 2024" released by the International Organization for Migration (IOM), the migration phenomenon varies [...]
By Lorenzo Carminati - Partner Bernoni Grant Thornton
The personal situation also affects the entry ways into a country and can represent an important variable for individuals who intend to move their residence to another country. Considering the current difficulties of the system that regulates immigration in Italy, the possibility [...]
