Campione – Italian Tax Haven Enclave in Switzerland
With all the fuss going on about Swiss banking right now, many people might have overlooked the fact that you can simply move to Switzerland and live virtually tax-free, legally, and without being subject to notoriously strict Swiss immigration controls. How? Through the Italian tax haven enclave of Campione d’Italia – a little part of Italy, with some very special personal tax concessions, that functions like a part of Swiss territory.
“The first pure haven I remember reading about was Campione D’Italia, a village sized city on the shores of Lake Lugano in Switzerland and the first person I ever heard write or talk about Campione was Harry Schultz, publisher of the Harry Schultz International Newsletter” writes Roger Gallo of Escape Artist. “Harry Schultz was the only one around at that time who was using the then uncommon word, ‘international’ when he spoke, and he was also the only one who was writing for an American audience who seemed to know all of the offshore secrets, and he knew scores of them. He was years ahead of almost everyone else in writing about asset protection and he was the first to write about offshore investing. Harry has been publishing his newsletter for 41 years and it still very much garners the respect of most of the current lineup of hotshot investment gurus.”
Campione d’Italia is a small Italian commune of 1.7 square kilometres located entirely within Switzerland, on the eastern shore of Lake Lugano at the foot of a beautiful mountain. There are approximately 3,000 inhabitants, about 1,000 of them foreigners. The official currency is the Swiss Franc, but the Euro is accepted as well. All banking is done through Swiss banks. A famous Casino generates substantial revenue, which is one of the reasons why the residents of Campione enjoy some very special tax concessions.
Campione’s tax advantages only apply to private persons resident in Campione, and not to companies domiciled or managed from there (except that there is no VAT in Campione, which I suppose is a big advantage for companies)
How can you obtain a residence permit in Campione? You must normally buy an apartment or a house – simply because there is very rarely the opportunity to rent. Currently, however, I know of an opportunity to obtain a residence permit by renting. A client of mine is privately renting one of the nicest fully furnished, ultra modern duplex apartments in Campione Switzerland for EUR 2900 per month. It is located on the only sand beach with palm trees that we know of, in Ticino (what my client calls the “Banana Belt of Switzerland”). The deal is you pay one year in advance and that includes the right to Swiss & EU residency. He’s also prepared to sell at EUR 365,000. For more information contact me via [email protected] and I’ll put you in touch.
To sum up some of the many advantages of being resident in Campione d’Italia:
* Political, social and economic stability
* First-class Swiss infrastructure
* Swiss Franc is the official currency
* Banking through Swiss banks with Swiss banking secrecy
* Attractive lifestyle in a quiet, clean environment
* Efficient and reliable public services
* Swiss postal services, telephone numbers and car registration plates
* Effectively resident in Switzerland – with E.U. residence permit
* No value added tax (VAT)
* Special income tax concessions, no inheritance or gift tax
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