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Turkey Becomes The New Tax Haven: 20 Years of Exemption For Foreigners!

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Turkey Becomes The New Tax Haven: 20 Years of Exemption For Foreigners!

By Camille Moscow

Erdoğan just dropped an enticing bombshell: foreigners who haven’t been tax residents in Turkey over the past 3 years can now settle in and pay zero tax on their income and capital gains from abroad for 20 years. Only income generated in Turkey will be taxed.

Clear objective: snatch a hefty chunk of Dubai’s golden clientele and lure European talent fleeing overregulation and suffocating taxation. Viral posts on X are already buzzing about a “Sovereign Individual thesis” in action and a masterstroke for capturing capital fleeing the unstable Middle East.

The perks that sting the competition:
• Succession: tax slashed to just 1% on asset transfers.
• Asset repatriation (cash, gold, securities) for Turks and companies with ultra-low taxation.
• Broader framework: tax cuts for exporters (up to 9% for manufacturers) and perks for multinational regional headquarters.

While Europe and the West pile on the burdens, Turkey flings open the doors with this “Türkiye Century Strong Center for Investment” package. Istanbul could well become the new tax hub everyone’s eyeing.

Who’s jumping on the opportunity? Digital nomads, entrepreneurs, and HNWI are already hightailing it to friendlier skies… and Ankara’s rolling out the red carpet.

Original Source

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