Recently, the Turkish government announced a series of structural reform measures, releasing positive signals regarding tax incentives, process optimization, and asset facilitation.
For global investors and high-net-worth families, this not only signifies a further optimization of Turkey's business and investment environment but also further highlights the comprehensive value of the Turkey Citizenship by Investment Program.
Five Core Measures Unleash Dividends
• Major personal tax benefits to attract high-net-worth individuals: Individuals who have not held tax residency in Turkey within the past 3 years can enjoy a 20-year tax exemption on their overseas income and capital gains after relocating, with taxes only applicable to income generated within Turkey.
• Significant reduction in export corporate tax to lower industrial costs: The corporate income tax for manufacturing exporters has been drastically reduced from 20% to 9%, while the rate for other exporters has been lowered to 14%. Additionally, service exports (software, medical tourism, engineering design, etc.) are eligible for a full tax exemption policy.
• Upgraded tax incentives for the financial industry to build a regional financial hub: Transit trade income at the Istanbul Financial Center is subject to a 0% tax rate. Companies with multinational headquarters located at this center can enjoy long-term tax exemptions or high-percentage tax deductions on overseas income.
• Inheritance and gift tax reduced to 1% to lower succession costs: For eligible new residents, inheritance and gift taxes are reduced to 1%, significantly lowering the costs of intergenerational wealth transfer for families.
• Comprehensive simplification of investment processes to lower administrative barriers: A "one-stop service center" has been established, further integrating processes such as company registration, visa processing, tax registration, and social security contributions to improve efficiency for foreign investors.
Under the New Policy
The Value of the Turkey Citizenship by Investment Program is Further Upgraded
The Turkey Citizenship by Investment Program has always been a popular choice for global second identity configuration. The announcement of this tax reform plan further amplifies the comprehensive value of a Turkish identity in tax planning, asset allocation, and long-term family layout.
• Stacked tax advantages: Eligible new residents are expected to enjoy a 20-year overseas income tax exemption, providing more attractive tax planning space for high-net-worth families.
• More flexible asset allocation: Arrangements related to asset facilitation and capital repatriation will help improve the efficiency of offshore asset allocation, assisting in family wealth management and planning.
• Continuously optimized investment environment: Tax incentives in the export, service, and financial sectors are expected to enhance Turkey's business vitality, further increasing the long-term allocation value of real estate and related assets.
One Identity, Expanding More Possibilities for the Family's Future
Turkey, spanning both Europe and Asia, is an important transit point and transportation hub for Europe, Asia, and Africa. It is a secular country with freedom of religious belief, featuring a livable climate, charming scenery, a young and fashionable atmosphere, and vitality, while implementing the European model in political, economic, and cultural fields. Turkey is currently a major geographical, demographic, and economic power from the Eurasian continent among the open citizenship by investment programs, and it is also a major G20 country with an open citizenship by investment program, making it an ideal choice for many high-net-worth individuals for identity planning.
The value of a Turkish identity is also reflected in education, travel, and global life choices. After obtaining a Turkish identity, children can choose to receive education locally in Turkey or attend international schools, bridging to European and American education systems and providing more options for future higher education and international development. At the same time, if children choose to return to their home country for development, they can easily enroll in prestigious domestic universities as international students without taking written exams.
Against the backdrop of tightening global immigration policies and rising demand for asset allocation, the value of a Turkish identity goes beyond a "second passport"; it provides families with a globalized solution that combines liquidity and long-term planning significance.
If you have needs for a second identity, asset allocation, or long-term family planning, you can apply for a Turkish passport for the whole family by depositing 500,000 USD or more in foreign currency, or by purchasing real estate starting from 400,000 USD.
Choose a Professional Institution to Make Identity Planning More Secure
Immigration is a comprehensive planning process, and choosing a formal, professional, reputable, and strong immigration agency is very important! Only a powerful immigration company can truly help immigration applicants successfully complete their immigration. WorldWay, one of the Top 500 Asian Brands and dedicated to investment immigration for over 20 years, has maintained friendly interactions with the Turkish government for many years and is your ideal choice for handling the Turkey Citizenship by Investment Program!
As an active promoter of European investment immigration programs and one of the earlier immigration agencies to promote the Turkey Citizenship by Investment Program in China, in April 2019, WorldWay, in collaboration with the Embassy of Turkey in China, the Consulate General in Shanghai, and the Consulate General in Guangzhou, held the official launch conference and China initiation ceremony for the Turkey Citizenship by Investment Program, officially introducing the Turkey Citizenship by Investment Program, which has attracted global investor attention and anticipation, to China.
For inquiries in Mainland China: 400-138-2929, Hong Kong, China Customer Service Center: (852)2802 8798