Italia ranks fourth in Europe for investment attractiveness
Pier Domenico Garrone: ‘The country is more competitive than the domestic debate suggests’
A flat tax for new residents. Along with favourable terms for inheritance tax and access to the European single market, with Milan also emerging as a hub for family offices.
These are some of the reasons why Italia is climbing the rankings for the attractiveness of mobile capital compiled by Henley & Partners.
The index, which examines nearly 40 indicators covering taxation, investment frameworks, the rule of law and quality of life, analyses data from structured databases including the World Bank, the International Monetary Fund and the OECD.
In this ranking, led by Singapore and followed by New Zealand and the Cayman Islands, Italia comes seventh overall and fourth in Europe, behind Cyprus, the Netherlands and Portugal, and ahead of Germany and France.
“The Reputational Strength Index,” explains communications expert Pier Domenico Garrone, “measures reputational strength on the basis of documented, certified and verifiable evidence, excluding opinion poll data and uncertified sources from the analysis. The Henley data is significant precisely because it does not measure public opinion on Italia nor does it represent a tally of millionaires arriving in the country: it assesses the country’s structural competitiveness in terms of the international mobility of people, families and capital. The picture that emerges is of an Italia that is more competitive than is often portrayed in domestic debate, as assessed on the basis of concrete factors such as taxation, institutional quality, stability, access to the European market and the ability to create value. The factors underpinning Italia’s position are clear: the tax regime for new residents, the favourable inheritance framework and access to the European Union market, with Milan emerging as a growing financial centre and hub for family offices. The Global Wealth Mobility Framework assesses these factors across 12 dimensions and 38 indicators, based on authoritative public data from sources including the World Bank, the IMF, the OECD and the Global Peace Index. This is objective data that helps to distinguish measurable reputation from subjective perception.”
