With all the turmoil associated with Swiss banks right now, many people may have lost sight of the fact that you can simply move to Switzerland and live financially without taxes, legally and not be subject to knowingly strict Swiss immigration control. How? Through the Italian enclave of Campione's tax haven, a small part of Italy, with some special personal tax breaks that function as part of Switzerland.
“So, Campione is an interesting option for those who want the residence of a tax haven, but do not want to spend twenty times more than Monaco will cost ... It looks like Andorra on tax, but it is warmer and more convenient. on a short trip to Austria, Liechtenstein, Germany or France, ”says veteran resident Campione, who we interviewed this article, a retired lawyer who practiced both in the US and in Switzerland.
“For a non-Italian who lives in Campione, the income tax is, in fact, ZERO. There is no property tax if the property belongs to a personal name. Otherwise, property tax is very low. ”
It is well worth considering the residence in Campione, if you are attracted to the mild and reliable climate around Lake Lugano in Switzerland, jokingly referred to by locals as the “Banana Belt of Switzerland”.
Campione residents benefit from efficient Swiss postal and telephone service, as well as Swiss medical care and Swiss broadband Internet. You also get Swiss license plates for your car, but avoid the shortcomings of Swiss taxes and the duties of Swiss military service.
Italia is a small Italian commune of 1.7 square kilometers located entirely within Switzerland, on the eastern shore of Lake Lugano at the foot of the beautiful mountain. There are about 3000 prisoners, about 1000 of them are foreigners. The official currency is the Swiss franc, but the euro is also accepted. All banking operations are carried out through Swiss banks. A well-known casino generates significant income, which is one of the reasons why Campione residents enjoy special tax benefits.
Campione tax exemptions apply only to individuals living in Campione, and not to companies domiciled or managed from there (except that there is no VAT in Campione, which, of course, is a big advantage for companies).
How can you get a residence permit in Campione? Usually you have to buy an apartment or house - simply because you can rarely rent it. From time to time there is a good deal on rental housing.
