Nomad Watch

Business

Controlled Foreign Company (CFC) Rules
Yes, applied to low-tax jurisdictions
Property Tax
IMU (Municipal property tax) - not applicable to primary residence unless luxury
Property Transaction Tax
Registration tax: 2% for first home, 9% for others; plus cadastral taxes
Attractive Tax System for Digital Nomads
Italy Digital Nomad Visa/Permit (introduced 2024); Worker Repatriation Scheme (Lavoratori Impatriati) offers 50% tax exemption for 5 years
Studio Purchase Price (City Center)
Approx. €5,800 per m² (e.g., 40 m² = €232,000)
Studio Purchase Price (Outside City)
Approx. €3,500 per m² (e.g., 40 m² = €140,000)
1-Bedroom Purchase Price (City Center)
Approx. €5,200 per m² (e.g., 60 m² = €312,000)
1-Bedroom Purchase Price (Outside City)
Approx. €3,200 per m² (e.g., 60 m² = €192,000)
2-Bedroom Purchase Price (City Center)
Approx. €5,000 per m² (e.g., 80 m² = €400,000)
2-Bedroom Purchase Price (Outside City)
Approx. €3,000 per m² (e.g., 80 m² = €240,000)
Corporate Tax
24% (IRES) + 3.9% (IRAP regional tax)
Dividend Withholding Tax
26% standard rate
Tax System
Worldwide income basis for residents (more than 183 days)
Highest Income Tax Bracket
43% for income over €50,000
VAT
22% standard rate; reduced rates for food/books

Essentials

City
Florence, Tuscany, Italy
Population
382,000 (Metropolitan: 1,000,000+)
Internet Speed
95 Mbps average; Fiber-to-the-home (FTTH) widely available in city center
Currency & Banking
1 EUR ≈ 1.09 USD; Euro (€) used. Widely digital but carry small cash for markets
Tap Water
Drinkable and high quality (Public fountains 'Nasoni' provide free cold water)
Power
230V, 50Hz, 🔌 Type C, F, and L sockets
SIM Card
Iliad (Via degli Speziali 6) - €9.99/mo for 150GB; TIM or Vodafone for better regional coverage
Banking for Expats
Revolut and Wise are best; Unicredit or Intesa Sanpaolo for local residency
Accommodation
Airbnb, HousingAnywhere, or local agents like Apartments Florence
Cashless Friendly
Yes, cards accepted almost everywhere, including most coffee shops
Short Term Rentals
Airbnb (€1,800/mo avg), The Student Hotel / Social Hub (€1,200 - €1,600/mo)
Budget Accommodation
Ostello Bello Firenze (Via Faenza 58) - €45/night for dorms
Best Area to Stay for Tourists
Duomo & Piazza della Signoria (Historical Heart)
Best Area to Stay for Digital Nomads
Oltrarno (San Frediano/Santo Spirito) for local vibes, or Rifredi for better prices/transit

Working and Networking

Best Coworking Space
The Social Hub (Viale Spartaco Lavagnini 70) - €25/day or €250/mo; Multiverso (Via del Campo d'Arrigo 42) - €150/mo
Best Cafe for Work
Ditta Artigianale (Via dello Sprone 5) - Reliable WiFi, power outlets, specialty coffee (~€4 per latte)
Networking Events
Creative Mornings Florence; Startup Grind Firenze chapters
Social Events for Expats
Expats Living in Florence Facebook Group; Weekly language exchanges at Virgin Rock Pub

Transportation

Best Taxi/Ride App
AppTaxi or IT Taxi (Uber is limited to Uber Black/Van and very expensive)
Bike/Scooter Rental
Ridemovi (Orange bikes/ebikes) - ~€1.50 per 20 mins; Mimoto for electric scooters
Best Beach Nearby
Viareggio (1 hour 20 mins by train, ~€10.50 one way)
Top Regional Airline
ITA Airways (operates out of FLR airport)
Top International Airline
Air France, KLM, Lufthansa (Connecting via FLR or PSA)
Highway Access
A1 Autostrada del Sole (North-South axis connecting Milan and Rome)
Main Train/Transit Hub
Firenze Santa Maria Novella (SMN)
Public Transport Passes
Autolinee Toscane: €1.70 single ticket (90 min), €35 monthly pass
Regional Travel
Trenitalia (Regional and Frecciarossa high-speed) to Rome (1.5h) or Bologna (35m)

Health and Wellness

Best Hospital
Ospedale Careggi (Largo Brambilla 3) - Public; Villa Donatello - Private
Yoga & Wellness Centers
Yoga Garage (Via de' Pandolfini 22) - English friendly, €20 drop-in
Gyms & Fitness Centers
Swan 77 (Via de' Pepi 77) - Central, ~€80/mo; Virgin Active (Rovezzano) - Premium
Laundry Services
Wash & Dry Self Service (Via dei Servi 105) - ~€5 per wash

Food and Drink

Best Food Delivery App
Glovo and Deliveroo are the market leaders
Best Local Dish to Try
Bistecca alla Fiorentina (market price ~€50-70/kg); Lampredotto (street food ~€5)
Vegan/Vegetarian Options
L'OV Osteria Vegetariana (Piazza del Carmine 4R) - ~€25 per person
Best Dessert Spots
Gelateria Dei Neri (Via dei Neri 9) - Try the Ricotta and Fig gelato
Affordable Shopping Spots
Mercato di Sant'Ambrogio (Fresh produce, much cheaper than San Lorenzo)
E-commerce/Online Store
Amazon.it (very fast Prime delivery); Esselunga for online groceries
Grocery Delivery
Esselunga a Casa; Carrefour Express online
Bar/Nightlife Area
Piazza Santo Spirito (Oltrarno) - casual drinks; Santa Croce area - clubs/bars
Local Brewery
Birrificio Artigianale Il Mastio; Archea Brewery (Via dei Serragli 44)
Wine Bars
Le Volpi e l'Uva (Piazza dei Rossi 1) - High quality, small producers
Street Food Stalls
Da Nerbone in Mercato Centrale - iconic lampredotto sandwiches
Popular International Cuisine
Koto Ramen (Via Giuseppe Verdi 42); Dim Sum (Via Antonio Magliabechi 9)

Culture and Attractions

Must-See Landmarks
Duomo (Cattedrale di Santa Maria del Fiore), Ponte Vecchio, Palazzo Vecchio
Museums & Art Venues
Uffizi Gallery (€25); Accademia Gallery (€16 - David statue)
Historical Sites
Piazza della Signoria, Palazzo Pitti
Religious Sites
Basilica di Santa Croce (Michelangelo/Galileo's tombs); San Miniato al Monte
Annual Events
Calcio Storico (June); Scoppio del Carro (Easter Sunday)
Cultural Districts
Oltrarno (Artisan workshops and traditional crafts)
Theater Venues
Teatro del Maggio Musicale Fiorentino (Opera/Concerts)
Local Markets
Mercato delle Cascine (Tuesday mornings - huge general market)
Music Scene
Jazz Club Firenze (Via Nuova de' Caccini 3); Viper Theatre (Indie/Rock)
Street Art
Clet Abraham's modified street signs; Blub 'L'arte sa nuotare' series
Cooking Classes
Desinare (Via de' Serragli 234R)
Art Galleries
Galleria Continua (San Gimignano/Florence connections); Street Levels Gallery
Historic Buildings
Basilica di San Lorenzo & Medici Chapels
Local Heritage
The Giglio (Iris/Lily) flower, symbol of Florence since the 11th century

Nature and Outdoor Activities

Nearby Nature Escapes
Fiesole (20 mins by bus) – Hiking trails with panoramic city views
National Parks Nearby
Parco Nazionale delle Foreste Casentinesi (1.5 hours drive)
Cycling/Walking Paths
Parco delle Cascine - longest green lung in the city
Scenic Viewpoints
Piazzale Michelangelo - the classic sunset view of the city
Birdwatching Locations
Oasi WWF del Bottaccio (45 mins away)
Bonfire-Friendly Spots
Strictly prohibited in city parks; allowed only in designated BBQ areas in rural Mugello

Other Services and Amenities

Parcel Delivery Service
Poste Italiane; DHL Express (Via della Cupola 131)
Tech Repair Services
Juice (Apple Premium Reseller, Via dei Conti 27)
Table Tennis Spots
Circolo Vie Nuove (Viale Giannotti) - local social club
Language Classes
British Institute of Florence or Europass Italian Language School
Libraries & Study Spots
Biblioteca delle Oblate (Via dell'Oriuolo 24) - view of the Duomo while studying
Community Centers
Manifattura Tabacchi (Urban regeneration space with events/workshops)
Gaming Lounges
Multiple arcade/VR centers available in Novoli district
Casino & Gaming Halls
Admiral Interactive (Viale Fratelli Rosselli) - strictly regulated

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