🇮🇹 Italy vs 🇹🇨 Turks and Caicos
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇮🇹 Italy | 🇹🇨 Turks and Caicos |
|---|---|---|
| Tax System | Flat Tax Regime | Zero Tax |
| Income Tax (Foreign) | €100k flat (foreign income) | 0% |
| Capital Gains Tax | 0% (foreign) | 0% |
| Corporate Tax | 24% | 0% |
| Residency Requirement | Elective Residency Visa | PRC ($300k property) |
| Minimum Stay | 183 days | None |
| Cost of Living | Moderate-High ($2,500-4,000/mo) | High ($4,000-7,000/mo) |
🇮🇹 Italy
Highlights
- ✅€100k flat tax on foreign income
- ✅World-class culture
- ✅Amazing food
- ✅EU membership
- ✅Beautiful country
Considerations
- ⚠️Bureaucracy
- ⚠️Language barrier
- ⚠️Regime has time limits
Best For
- 👤Wealthy individuals
- 👤Culture lovers
- 👤EU access seekers
🇹🇨 Turks and Caicos
Highlights
- ✅Zero taxes
- ✅Beautiful beaches
- ✅British territory
- ✅Close to USA
- ✅Low crime
Considerations
- ⚠️Expensive
- ⚠️Small population
- ⚠️Hurricane risk
Best For
- 👤Beach lovers
- 👤US-adjacent tax planning
- 👤Retirees
Which Should You Choose?
Choose Italy if: You prioritize €100k flat tax on foreign income and world-class culture. Ideal for wealthy individuals, culture lovers, eu access seekers.
Choose Turks and Caicos if: You prioritize zero taxes and beautiful beaches. Ideal for beach lovers, us-adjacent tax planning, retirees.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.