Up to 20 Years Tax-Free: Türkiye Opens New Opportunities for Investors
Turkey is currently discussing changes to tax legislation that could significantly impact relocation and investment decisions.
The gist:
If a person hasn't been a tax resident of Turkey for the past three years, their foreign income may be tax-exempt for up to 20 years upon moving here. It doesn't matter what citizenship you hold.
— Transferring capital to Turkey (money, gold, real estate, securities) is taxed at 2–3%. There are no complex checks, as is typical in other countries. This means that in the future, it will be possible to legalize money in Europe and other countries.
— The Istanbul Financial Center is a separate story. Companies registered there are exempt from paying taxes on foreign income.
For the rest, there is an exemption of up to 95 % (in fact, the tax is only on 5%).
What do I think about this based on my expertise?
Türkiye is consistently strengthening its position as a financial center. Not just with words, but through concrete measures. And this isn't about "fine promises," but rather an attempt to attract capital and business to the country.
First, there was the "purge," when illegal immigrants were expelled from the country, Syrian refugees were repatriated, and residence permits for the "poor" were stopped to make room for other categories of foreigners—businessmen and the financially secure. Now, they've begun actively targeting precisely these categories.
These things directly impact the real estate market. Because capital always drives demand for housing—both for purchase and rental.
The ability to conduct business and preserve capital tax-free for 20 years is an unprecedented tool for scaling income. However, any experienced investor knows that high returns from tax breaks must be diversified into stable and tangible assets in a timely manner. In the face of global change, a reliable home base in the form of foreign real estate is becoming an essential element of a defensive strategy. By investing tax savings in liquid resort properties, you can not only protect your money from inflation but also create a safety net. A logical step in implementing such a strategy would be Buy an apartment in Alanya, where stable growth in the cost per square meter is combined with high potential for passive rental income.