19/10/2025
Flat Tax and Tax Incentives for NHNW ( new High Net worth Individuals ) for New Residents - Monaco 🇲🇨, Andorra 🇦🇩, Switzerland 🇨🇭, Malta 🇲🇹, Italy 🇮🇹
• Italy 🇮🇹 - Currently €200,000 but rising to €300,000
• Monaco 🇲🇨 - €500,000 minimum deposit
• Andorra 🇦🇩- The applicant must invest a minimum of €350,000 in Andorran assets plus a deposit of €50,000, either in real estate, a fund, bonds or other investments..
• Switzerland 🇨🇭- lump-sum tax regime, Most of the Swiss cantons offer the possibility to foreign nationals relocating to Switzerland to pay taxes under the lump-sum regime (so-called “forfait” in French), by opposition to the ordinary tax regime applicable to the vast majority of people living in Switzerland. Depending on the canton, EU and EFTA nationals can expect to pay a minimum annual tax liability of between CHF 100,000 to CHF 160,000, and third-country nationals between CHF 250,000 to CHF 400,000. Each year, lump-sum taxpayers must file a special tax return, the so-called ‘control calculation’
• Malta 🇲🇹 - non-dom flat tax of 15% on remitted income and no tax on unremitted income
Other similar tax incentives exist across Europe.
• Greece 🇬🇷 levies a flat 100,000 euro annual tax on overseas income for qualifying foreign residents, provided they invest at least 500,000 euros in the country.
• Portugal 🇵🇹 offers a 20% flat tax on Portuguese-sourced income and exemptions on certain foreign income for highly qualified professionals in science, innovation, education.
• Spain 🇪🇸 introduced a temporary "solidarity tax on large fortunes," targeting net wealth above 3 million euros with progressive rates up to 3.5%.