🇹🇷 Moving to Türkiye: tax, residency and cost of living

Key facts

Top income tax

40%

Corporate tax

25%

Capital gains

0%

Wealth tax

No

Inheritance tax

Yes

Cost of living index

35

Safety

6/10

Internet quality

6/10

Visa-free destinations

110

Foreigners can own property

Yes

Residency in

0 months

Citizenship in

0 years

Taxes

Turkey taxes residents (more than six months' stay) on worldwide income progressively from 15% to 40%, with the minimum wage exempt; there is no wealth tax but a mild inheritance and gift tax (1%-10% / 10%-30%), VAT (KDV) is 20% and corporate tax 25%.

Residency and visas

Turkey has one of the world's most accessible citizenship programmes: citizenship against about USD 400,000 in property (or USD 500,000 in a deposit or funds), keeping your own nationality; there are also residence permits based on property or income and naturalisation after about five years.

Property ownership

Foreigners can freely buy property in their own name in Turkey (full freehold), with restrictions only in military zones and on a reciprocity basis; a purchase from about USD 400,000 can moreover confer citizenship, which makes property a strong plus here.

Cost of living and quality of life

Turkey offers low living costs, a mild Mediterranean climate and lively hubs such as Istanbul, Antalya and Bodrum, with good private healthcare; against that stand high inflation and a strongly fluctuating lira that can erode real income.

Passport and mobility

The Turkish passport reaches about 110 destinations (decent) and dual nationality is allowed, which makes acquiring a second passport without giving up the existing one attractive; there is no hard exchange control.

Residency and visas

• Citizenship-by-investment: staatsburgerschap tegen ongeveer USD 400.000 aan vastgoed (of USD 500.000 als bankdeposito/overheidsobligaties/fondsen aangehouden voor drie jaar); dubbele nationaliteit toegestaan, het eigen paspoort hoeft niet te worden opgegeven · €370,000
• Kortlopende verblijfsvergunning (ikamet): op basis van vastgoedbezit of aantoonbaar inkomen; jaarlijks verlengbaar, route naar permanent verblijf na doorgaans acht jaar ononderbroken verblijf · Residency in 8 years
• Naturalisatie: staatsburgerschap na doorgaans vijf jaar ononderbroken legaal verblijf; Turkije staat dubbele nationaliteit toe

Why people move to Türkiye

• Free property and citizenship by investment

  Foreigners buy property freely in full freehold in Turkey, and a purchase from about USD 400,000 can grant citizenship outright while keeping your own nationality, backed by low costs and strong hubs.

• Worldwide income taxed up to 40% and currency risk

  Residents pay up to 40% on worldwide income and there is an inheritance and gift tax; on top of that, high inflation and the strongly fluctuating lira erode real income, the clearest negatives for anyone settling here.