Is Turkey A New Tax Haven? (I Was Shocked)

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Uruguay's tax holiday on foreign source income runs for 11 years. Turkey's new program runs for 20. Unlike Italy and Switzerland which charge a lump sum payment to leave qualifying residents alone, Turkey is simply exempting foreign income and capital gains entirely. Individuals who have not been Turkish tax residents for at least three years are eligible. Stack that with a citizenship by investment program requiring $400,000 in real estate held for three years, and inheritance tax drops to a flat 1% versus a current progressive system that can reach 30%. Here is exactly how the program works, how to qualify, and why the citizenship and tax deal together create something that did not exist in this combination anywhere in Europe until now.

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Timestamps
0:00 Europe Has a New Tax Deal and It Is Not the Country You Expected
0:42 Turkey vs Portugal, Italy, Switzerland and Uruguay
1:32 The 20-Year Tax Holiday: What It Exempts and Who Qualifies
3:57 Erdogan's Tax Incentive Package and What It Says About Turkey's Direction
5:02 Inheritance and Gift Tax: 1% Flat Rate vs 30% Progressive System
5:49 The Repatriation Option: 2 to 3% One-Time Tax on Offshore Assets
6:08 How to Become a Tax Resident: 183 Days or Tax Domicile
7:58 Citizenship by Investment: $400K Real Estate, Three Years, Passport for Life
8:36 Turkey's Passport and Access to the Global South
9:14 Istanbul, the Lifestyle and Turkey as Emerging Europe
11:26 The Stack: Citizenship Plus 20-Year Tax Deal as Plan A or Plan B
13:26 Who This Is For and How to Get Started

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