Law Passed — 21 May 2026

Live in Turkey.
Keep 100% of your
foreign income for 20 years.

Turkey's new law gives qualifying residents a 20-year personal income tax exemption on all foreign earnings. If you earn abroad — as an individual, investor, or freelancer — this is the most significant tax opportunity of the decade.

Do I qualify? → How it works

✓ Free ✓ No obligation ✓ 2 minutes to register

The Law

What is Turkey's new tax exemption law about?

On 21 May 2026, Turkey's Grand National Assembly voted to pass President Erdogan's fiscal incentive package. Here is exactly what the legislation contains.

💳

20-Year Personal Tax Holiday

Qualifying new residents pay zero Turkish income tax on all foreign-source earnings — including dividends from foreign companies, foreign rental income, and capital gains on overseas investments — for 20 full years. Foreign income does not even appear on Turkish tax returns.

💼

Reduced Corporate Tax Rates

Manufacturing companies see their corporate tax halved to 12.5%. Manufacturers who export their own products pay just 9% on export profits. Other exporters pay 11%. Transit trade income at Istanbul Finance Centre: 100% exempt.

🏠

1% Inheritance & Gift Tax

For qualifying residents, inheritance and gift tax drops to a flat 1% — down from Turkey's standard graduated rates of up to 30%. This applies to qualifying foreign assets transferred to or inherited by qualifying residents.

🕐

Effective from 1 January 2026

The exemption applies to individuals who became residents of Turkey from 1 January 2026. Presidential promulgation in the Official Gazette (Resmi Gazete) is expected within 15 days of parliamentary passage.

Full Breakdown

What is — and is not — covered

The exemption is broad, but it is not unlimited. Here is the precise scope of what is included and excluded under the new law.

        ✓ Covered — Tax-Free for 20 Years
        Dividends from companies incorporated outside Turkey
Interest income from foreign bank accounts & bonds
Rental income from properties located abroad
Capital gains on foreign-listed shares and assets
Foreign business profits not connected to Turkish operations
Freelance & consulting income sourced outside Turkey

      

✕ Not Covered — Standard Turkish Tax Applies

Salaries paid by Turkish employers for work done in Turkey
Rental income from Turkish real estate
Capital gains on shares listed on Borsa Istanbul
Dividends paid by Turkish-resident companies
Business profits earned from operations within Turkey

📋 Eligibility Requirements

Must not have had a domicile in Turkey in the prior 3 calendar years
Must not have had any Turkish tax liability in the prior 3 years
Must establish Turkish tax residency from 1 January 2026 onward
Must comply with standard Turkish residency registration

🏢 Istanbul Finance Centre Bonuses

Transit trade income: 100% corporate tax exemption (was 50%)
Financial services export income: fully exempt through 2047
Regional HQ structures: 100% earnings deduction within IFC
Qualified employee wage exemptions for IFC-based staff

Who Qualifies

Three groups stand to benefit most

The legislation covers individuals, self-employed professionals, and corporate entities — each with distinct advantages. Find your pathway below.

Individuals & Families

Private Wealth & Retirees

20-year exemption on all foreign income & capital gains
Inheritance tax capped at a flat 1%
Asset repatriation at preferential amnesty rates
Turkish domestic income taxed at standard rates only

Freelancers & Remote Workers

Digital Professionals

Foreign consulting & freelance revenue fully exempt
Base in Istanbul, Bodrum, or Antalya
Wage exemptions for qualifying employees of HQ structures
Full 20-year protection on all foreign-source earnings

Companies & Founders

Corporate & Export Operations

9% corporate tax for manufacturing exporters
11% for other export operations
100% transit trade exemption at Istanbul Finance Centre
Regional HQ 20-year exemption with full earnings deduction

We currently focus on individuals and freelancers. For corporate enquiries, consult a Turkish tax advisor directly.

Why Turkey

More than a tax break —
a genuine quality of life.

The tax incentive is the headline, but Turkey offers a complete package that few countries can match at any price point.

01 — Location

At the crossroads of three continents

Istanbul Airport is now one of the busiest hubs on earth, with direct flights to over 320 destinations spanning Europe, Asia, Africa, and the Americas. A four-hour flight puts you in London, Dubai, Delhi, or Nairobi. For business leaders and families alike, no location offers comparable global reach at this cost of living.

320+

Direct destinations from Istanbul Airport

Ölüdeniz Blue Lagoon, Fethiye, Turkey — aerial view

02 — Lifestyle

Mediterranean living at a fraction of the cost

Turkey offers a lifestyle that rivals Southern Europe at 40–60% lower cost. World-class private healthcare, international schools, Mediterranean beaches, and a cuisine scene that consistently ranks among the world's best. Whether you settle in Istanbul's cosmopolitan neighborhoods, the Aegean coast of Bodrum, or the luxury resorts of Antalya — the quality is unmatched for the price.

40–60%

Lower cost of living vs. Western Europe

Maslak business district, Istanbul — modern skyscrapers

03 — Finance

Istanbul Finance Centre is filling fast

The purpose-built IFC on Istanbul's Asian shore hosts the Central Bank, Borsa Istanbul, and Turkey's major regulators. IFC leadership confirmed talks with over 40 companies from Japan, Singapore, Malaysia, Hong Kong, and the Gulf actively considering relocation — accelerated by disruption in GCC financial hubs. Occupancy is set to double by year-end. Early movers get a 10-year corporate tax exemption on entry.

40+

Companies in active IFC relocation talks

Asset Amnesty

Bring your overseas
wealth back at low cost

Alongside the tax exemption, parliament passed Turkey's eighth asset amnesty since 2008. Individuals and companies can declare foreign assets — cash, gold, foreign currency, and securities — through Turkish banks or brokerage firms. Declarations must be filed by 31 July 2027.

Tax rates depend on how long the declared assets remain in qualifying Turkish instruments:

Keep 5+ years

Keep 4 years

Keep 3 years

Keep 2 years

Base rate

How It Works

Your path from interest to residency

Register today and we walk you through every step — from the law's gazette publication to your first tax-free year in Turkey.

Register your interest

Fill in your profile in under two minutes. Tell us whether you're moving as an individual or freelancer. No commitment, no cost, no spam — just your place in the queue.

Receive your tailored briefing

Once the President of Turkey signs the new law and released in the Official Gazette, we send you tailored information written specifically for your pathway — covering what you need to do, by when, and in what order.

Connect with local professionals

When you're ready to act, we connect you to English speaking tax counsels, immigration lawyers, bankers, and relocation specialists in Turkey — matched to your specific profile. You choose who to engage.

Information service, not professional advice. This site summarises publicly available information about Turkey's enacted tax legislation. Nothing here constitutes legal, tax, or investment advice. Always consult qualified professionals before making residency or financial decisions. Law details are based on reporting as of 24–28 May 2026; verify against the Official Gazette once published.

Live in Turkey.
Keep 100% of your
foreign income for 20 years.