Campione d' italia: the swiss back door
Campione d' italia: the swiss back door
Campione d' italia: the swiss back door
This article was written for those of you who want to be optimistic about expatriating to Switzerland , regardless of the pessimism that you have heard.
With all the bad press going on about Swiss banking right now, many people might have overlooked the fact, that if you are in the know, that you can simply move to Switzerland and live virtually tax-free, within legal parameters.Furthermore, it can be done without being subject to the stiff Swiss immigration controls.How do you do this?Simple, by going through "The Swiss Back Door" of the tax-haven enclave, "Campione d' Italia."
Well, let's begin. The Italian tax-haven enclave of Campione d'Italia, meaning "A Sample of Italy," is a colorful commune nestled in the heart of Europe, on the eastern shore of Lake Lugano , at the foot of the steeply sloping mountain, Monte Generoso, in Switzerland . Its size is about 1 square mile (1.7 square kilometer), with approximately 3,000 residents of which approximately 1,000 are foreigners.
Campione has a unique-elite-independent history, but this incredible story must be condensed into a nutshell for this article. It all started in 777A.D. when a wealthy lord, Totone di Campione, willed this piece of real estate to the Archbishop of the Milan archdiocese, under the governing authority of the Saint Ambroise Monastery, in Italy , thereby becoming Italian owned land.Since then, the enclave has gone through much turbulent history, and now lies, about 1200 years later, within the official border of Switzerland, even though, it is still Italian owned land.
However, today, the local Campionesi know they have a unique-elite and classic "haven of rest."Therefore, knowing they have inherited a piece of dreamland real estate, they plan on living their dream-life by keeping their tax-haven enclave intact.
Quoting a veteran resident of Campione-- a retired lawyer, he stated, "So Campione is an interesting option for anyone who wants a tax haven residence, but doesn't want to spend the twenty times more that Monaco would cost... It is similar to Andorra tax wise, but warmer [in climate even palm trees], and more conveniently located. It is a short drive to Austria, Liechtenstein, Germany or France," Yes , Campione has location-location-locationcentral Europe !
Of course, along with this unique-elite history and location, Campione has garnered some, almost unbelievable, concessions, including personal tax concessions.Living in Campione's tax-haven enclave you naturally operate under Campione's governing regulations, otherwise you function as if you were a Swiss citizen living within Swiss borders, which you do.
Following are some of the outstanding concessions one receives when residing in Campione d'Italia:
TAXES: "For a non-Italian who lives in Campione, the income tax is essentially, ZERO. There is no property tax if property is held in a personal name.There is a very low property tax otherwise."
Campione's tax advantages only apply to private persons residing in Campione, and not to companies domiciled or managed from there (except that there is no VAT in Campione, which naturally is a big advantage for companies).
HEALTH RESORT: It's well worth considering Campione residence if you are attracted by relatively mild climates, including palm trees, and the beautiful scenery of the Lake Lugano region.Some locals jokingly referred to this area as " Switzerland 's Banana Belt."Also, you must know that the Swiss Federal Scientific Commission has awarded Campione a "ZERO" degree of climatic stimulation, meaning that daily and seasonal temperature changes are so gradual never drastic -- that it is the ideal climate for heart patients.Since I personally lived in this region for 18 months I know this to be true temperature change is in slow motion.
AMENITIES:Residents of Campione benefit from the super efficient Swiss postal and phone service, as well as Swiss health coverage and the Swiss broadband Internet. You also get a Swiss driver's license and Swiss license plates for your car.To put a cherry on top of this Swiss Chocolate Nut Sundae you avoid all the Swiss taxes and the Swiss military annual service duties.
FINANCIAL STABILITY:The official currency is the Swiss Franc, but the Euro is accepted as well. All banking is done through Swiss banks.The Campione Casino attracts wealthy Europeans and generates substantial revenue.This is one of the reasons why the residents of Campione enjoy some very special tax concessions Campione's infrastructure is paid for by Casino losers -- making you a perpetual winner.What a deal!
Furthermore, in a capsule, here is the QUALITY OF LIFE that Campione d' Italiaoffers you, the expatriate:
Political, social and economic stability
First-class Swiss infrastructure
Swiss Franc as the official currency
Banking through Swiss banks with Swiss efficiency
Attractive lifestyle in a quiet, health-zone, and clean environment
Efficient and reliable public services
Swiss postal service, telephone numbers and car registration plates
Effectively a resident in Switzerland , including an E.U. residency permit
No value added tax (VAT)
Special income tax concessions, no inheritance tax or gift tax
No VAT on companies domiciled or managed here
RESIDENCE PERMIT:Now, the question is, how do you obtain a residence permit in Campione? You can rent, but rentals rarely come on the market.Therefore, normally, you will have to buy an apartment or a house to obtain a residence.Please keep in mind, housing in Campione is quite expensive.
"Campione, the tiny, secretive, exclusive hideaway, carries a big stick" (J. Godwyn)
By Jack Godwyn
Ref: Campione d' Italia -TheSwissBackDoor
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