Best Places to Live in Italy for High-Net-Worth Individuals (HNWI)

Why Italy is a Top Destination for Wealthy Expats

Italy has become a prime destination for high-net-worth individuals (HNWI) looking to relocate due to its favorable tax incentives, high quality of life, and prestigious real estate market. With the introduction of the Italian Flat Tax for expats, which allows foreigners to pay a fixed tax of €200,000 per year on foreign income, Italy is now more attractive than ever for wealthy expats and investors.

If you're considering moving to Italy as an HNWI, selecting the right location is crucial. Each region offers a unique blend of luxury lifestyle, tax benefits, and investment opportunities. Here’s a comprehensive guide to the best places to live in Italy for HNWIs.

1. Milan – The Financial Capital of Italy

Best for: Luxury living, business opportunities, and international connectivity

Milan is the economic powerhouse of Italy, home to the country's top banks, asset management firms, and luxury brands. It is a prime location for HNWIs who want access to high-end real estate, international schools, and an elite business network.

Key highlights:

Exclusive neighborhoods like Brera, Porta Nuova, and Quadrilatero della Moda.
Italy’s top private banking and wealth management services.
Direct connections to Zurich, London, and Dubai via Milan Malpensa Airport.
Strong real estate market with luxury apartments and penthouses.

2. Lugano & Ticino (Swiss Border) – Best of Both Worlds

Best for: HNWI looking for a tax-friendly region close to Switzerland

For those who want the benefits of Italian culture but the financial stability of Switzerland, Lugano and Ticino offer the perfect balance. Ticino, the Italian-speaking region of Switzerland, is just minutes away from the Italian border, allowing residents to live in Italy while benefiting from Swiss banking services.

Key highlights:

Low taxation in nearby Switzerland while maintaining Italian residency.
Stunning lakeside properties in Lugano, Como, and Varese.
Proximity to Swiss private banks and wealth management firms.
Swiss healthcare system access while enjoying Italian lifestyle benefits.

3. Rome – The Eternal City with Timeless Luxury

Best for: HNWI who appreciate history, culture, and a cosmopolitan lifestyle

Rome is not just a historical marvel but also a hub for international diplomacy, luxury real estate, and exclusive private clubs. The Parioli and Prati districts offer exquisite villas and penthouses perfect for wealthy expats.

Key highlights:

Exclusive real estate in historic palazzos.
Proximity to embassies and high-level networking opportunities.
Strong luxury market in Via Condotti and Piazza di Spagna.
International schools and a large expat community.

4. Florence – A Cultural Paradise for Elite Expats

Best for: HNWI interested in art, history, and luxury estates

Florence is ideal for investors looking to buy historical properties, as Tuscany is home to some of the most prestigious vineyards, estates, and countryside villas.

Key highlights:

Exclusive Tuscan estates and vineyards.
Top international schools for expat families.
Proximity to Italy’s best fine dining and Michelin-starred restaurants.
High-end real estate in Chianti, Fiesole, and San Casciano.

5. Lake Como – Exclusive Retreat for Ultra-HNWIs

Best for: Privacy, nature, and ultra-luxury real estate

Lake Como is one of the most prestigious destinations for HNWI, celebrities, and investors. The area offers breathtaking waterfront villas, world-class golf clubs, and private yachting opportunities.

Key highlights:

Ultra-luxury villas in Bellagio, Cernobbio, and Menaggio.
Elite expat community and high-net-worth residents.
Proximity to Switzerland for financial benefits.
Strong appreciation in property value.

Conclusion: Finding the Perfect Italian Destination for HNWIs

Italy offers unmatched opportunities for high-net-worth expats looking to relocate under the Italian flat tax regime. Whether you are drawn to the business hub of Milan, the privacy of Lake Como, or the elegance of Florence, Italy has a luxury lifestyle, high-end real estate, and financial benefits tailored to your needs.

How Knotted.it Can Help

At Knotted.it, we specialize in helping HNWI and expats relocate to Italy, providing tailored solutions for taxation, real estate investment, and financial planning. If you’re considering a move, contact us today for expert guidance!

📩 Email us at info@knotted.ch or WhatsApp us at +41 76 771 30 22 to start your journey toward a luxury life in Italy!