Milan: The New Wealth Capital of Europe?

Milan, Italy, has emerged as a magnet for millionaires, attracting over 3,500 high-net-worth individuals by 2025 for permanent residence.

A significant factor is the "CR7 Rule," a favorable tax regime introduced in 2017. This allows beneficiaries to pay a fixed annual tax of €200,000 on unlimited foreign income, making Milan an attractive destination for wealthy foreign nationals.