🇹🇷Turkey Announces 8 Permanent Economic Reforms Aimed at Attracting Global Capital

Turkey has officially introduced a package of eight permanent economic reforms, marking a significant shift in its investment and business landscape. The measures are designed to attract foreign capital, entrepreneurs, and long-term residents, while stimulating domestic demand and market growth.

Key reforms include a 0% income tax on foreign earnings for 20 years, a 1% inheritance tax on total wealth, and full citizenship starting from USD 400,000. Investors are also offered a one-time 2% tax for bringing overseas assets into Turkey with no disclosure requirements, alongside a permanent 9% corporate tax rate and 0% tax on trading conducted through Turkey.

Business setup procedures have been streamlined, allowing companies to be established within one day using AI-based systems. In addition, the government has removed customs duties and VAT on machinery and equipment purchases, further reducing entry costs for manufacturers and industrial investors.

A major highlight of the reform package is the mortgage system overhaul, introducing 10% down payments and loan terms of up to 25 years. This reform is expected to unlock demand from millions of first-time Turkish buyers, entering an already undersupplied real estate market at the same time as increased foreign investment.

Market analysts note that this convergence of domestic demand and international capital is likely to accelerate price growth across key sectors, particularly real estate and infrastructure.

For investors and businesses considering strategic entry into Turkey, these reforms signal a clear message: the country is positioning itself as a long-term hub for capital, trade, and residency.