On June 4, 2026, Turkey officially published Law No. 7582 in its Official Gazette. Signed by President Recep Tayyip Erdoğan, this major new law introduces a 20-year tax exemption on foreign-source income for new residents.
The rule applies to anyone who became a Turkish tax resident after January 1, 2026. This new policy turns Turkey into one of the most attractive financial havens in the world, beating most European “non-dom” tax programs which usually last only 10 to 15 years.
What Does the New Law Offer?
The new tax law provides massive financial benefits for wealthy foreigners who move their tax residency to Turkey:
- Zero Tax on Foreign Income: For 20 years, all income and capital gains earned outside of Turkey are completely tax-free. You do not even need to report them on your Turkish tax return.
- Low Inheritance Tax: Beneficiaries of this program will pay a flat 1% inheritance tax if assets are transferred upon death, compared to the normal progressive rate that goes up to 10%.
- Asset Repatriation Window: From now until July 31, 2027, new residents can move previously undeclared cash, gold, foreign currency, or securities into the Turkish banking system. This money will face a very low tax rate of 0% to 5%, and the government will perform no tax audits on these declared assets.
The Perfect Match for the $400k Passport
This tax break is designed to complement Turkey’s popular Citizenship by Investment (CBI) program. Currently, foreigners can get a Turkish passport by investing US$400,000 in real estate.
Under the new law, an investor can get citizenship in a few months, move to Turkey to become a tax resident, and immediately protect their global income from taxes for the next two decades.
To qualify for this 20-year tax break, you must meet one simple test: you must not have had a Turkish domicile or Turkish tax liability in the past three years. However, the law allows an exception if you only paid Turkish taxes on local rental income or local securities before moving.
How the Market is Responding
Immigration lawyers and wealth advisors report that interest in Turkey has jumped significantly since the law was passed.
“Turkey is now one of the very few places where the passport and the tax break sit in the same hand,” said Arda Şardağ of Sardag Law Firm. He explained that the combination of fast citizenship and a 20-year tax shelter is exactly what globally mobile investors want for long-term wealth preservation.
With European nations tightening their immigration and tax rules, Turkey’s new Law No. 7582 offers a clear, secure, and tax-efficient “Plan B” for high-net-worth families.
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