Turkey Offers 20-Year Tax Breaks to Lure Wealthy Expats as London, Dubai Face Instability
Updated
Updated · Bloomberg · Aug 4
Turkey Offers 20-Year Tax Breaks to Lure Wealthy Expats as London, Dubai Face Instability
2 articles · Updated · Bloomberg · Aug 4
Summary
Turkey rolled out incentives for wealthy expatriates and overseas investors, including 20 years of foreign income exempt from local taxes.
The package also offers minimal inheritance tax and an amnesty for undeclared assets held abroad, widening the appeal to high-net-worth residents considering relocation.
Ankara is pitching the move against volatility in rival wealth hubs London and Dubai, seeking to use Turkey’s Europe-Middle East position to capture mobile global capital.