Turkey CBI

Law No. 7582, gazetted June 4, 2026, exempts new Turkish tax residents from Turkish tax on foreign-source income and capital gains for 20 years from the date of becoming resident. Qualification turns on one test: no Turkish domicile or tax liability in the three calendar years before relocation (with a carve-out for those who paid Turkish tax on local rental income, securities income, or capital gains). The window also brings a 1% inheritance rate (versus a progressive schedule reaching 10%) on assets transferred on death during the period – lifetime gifts sit outside it. A separate asset-repatriation amnesty runs through July 31, 2027, with a 0-5% rate on declared cash, gold, foreign currency, and securities, dropping to 0% for a five-year hold in qualifying instruments. The regime is materially longer than every active European non-dom equivalent (typically 10-15 years), and it pairs naturally with the CBI passport: naturalize through the $400K property route in three to six months, optionally relocate to become a tax resident, and shelter foreign income for two decades.

Underlying market value is recoverable through resale after the qualifying three-year hold. The actual recovery depends on Turkish real estate market conditions, lira-USD exchange rates at sale, and the specific property's appreciation trajectory. Past clients have generally recovered between 70% and 110% of original USD outlay over the three-year hold, depending on entry timing and asset selection. We model the conservative case during the consult; we do not promise appreciation.

The Turkish passport currently grants visa-free or visa-on-arrival access to roughly 110 destinations, including Singapore, Hong Kong, Japan, South Korea, and most of Latin America. Schengen and UK access requires a visa for Turkish nationals. The passport is materially weaker on Europe-direction mobility than European or Caribbean-CBI passports, but stronger on Asia and Latin America than most. For families building a Plan-B with Asia or Latin America exposure, the mobility profile aligns well; for European-direction mobility, Caribbean CBIs are stronger.

The oath can typically be administered remotely through a Turkish consulate. Some engagements require one brief visit to Turkey for biometric capture or property-purchase logistics; the visit can be compressed to a single week. After the citizenship is granted, no further presence is required to maintain it.

Spouse and dependent children under 18 are included under the principal $400K investment with no per-dependent fee, plus disabled adult children regardless of age. Adult children over 18, dependent parents, and other relatives are not eligible under the standard CBI framework. This makes Turkey one of the most cost-efficient CBI programs for nuclear families with younger children.

No. Turkey has permitted dual citizenship since 2009, and the United States permits dual citizenship as a matter of practice. You hold both passports indefinitely.

Acquiring Turkish citizenship alone does not change your US tax residency or your worldwide-income filing obligation – you remain a US person and the IRS keeps its hand on your worldwide income regardless. Acquiring citizenship without establishing Turkish tax residency keeps you outside the Turkish tax net entirely (holding Turkish property may still trigger rental-income and property-tax obligations there). The bigger move available now: if you do relocate and become a Turkish tax resident under Law No. 7582 (2026), Turkey gives you a 20-year exemption on foreign-source income and capital gains, which eliminates the Turkish-side overlay on your US-sourced income for two decades. The US-side filing continues; the Turkish-side disappears. We coordinate with US-licensed and Turkish tax counsel on the structure.

Turkey has had volatile macroeconomic conditions and an active political environment over the past decade, with lira depreciation and high inflation as recurring features. The CBI program itself has remained operational and policy-stable across multiple political cycles since the 2018 restructure, and Law No. 7582 (June 2026) materially strengthens the program's structural value by adding a 20-year foreign-income tax exemption alongside the passport. The recoverable-asset structure of the property route partially insulates against macro volatility relative to non-refundable donation programs. We monitor the program closely and brief active clients on any material movement.