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November 30, 2021

Turkey Tax System Explained for Citizenship by Investment Holders

Being one of the most popular Citizenship by Investment Programs, Turkish Program grants the applicant and applicant’s family visa-free access to more than 115 countries including Singapore, Japan, Qatar, and South Korea. When it comes to second citizenship, most of the investors are concerned about taxes and tax system of the Citizenship Country, this is why Mann’s Solutions team decided to prepare Turkey Tax System guide.


Unlike other countries, Turkey doesn’t impose any taxes on the income you are receiving from abroad. Besides, investors are not liable to pay taxes in Turkey if they dont stay there for more than 6 months. However, you need to pay a tax on your income generated within the Turkey.

Property Tax

Property tax is paid in 2 installments yearly. The annual tax rate is 0.2% for apartments and houses bordering a metropolitan municipality like Istanbul.

If you own a property worth 1,500,000TL, the owner has to pay 3,000TL per year in total.

Furthermore, if you’re selling a property, you’re supposed to pay the accumulated tax of all the previous years before transferring the deed transfer. Tax on personal income is rated at up to 35% on income exceeding TL110,000.

Turkey Citizenship Investment Options

Become a permanent resident of Turkey by choosing one of the following three qualifying investment options. The requirement for maintaining the investment is a minimum of 3 years from the date the residence permit is granted.

1. Property Acquisition From $250,000

  • Acquire residential or commercial property with a deed restriction not to sell for 3 years from the date of purchase, Investors have the right to acquire several properties, as long as the total amount complies with the requirements.
  • The property can be let for rental income, or sold after 3 years from acquiring citizenship, without affecting the applicant’s citizenship.

2. Capital Transfer From $500,000

  • Fixed-asset investment confirmed by the Ministry of Industry and Technology OR
  • Deposit $500.000 cash in a Turkish bank for a minimum of 3 years OR
  • Buy government bonds with the potential to receive interest as income, Investments to be kept for 3 years.

3. Creation of 50 Jobs or Business Investment

  • Set up a business and create jobs for at least 50 Turkish employees.

LONDON BASED SOLUTIONS ADVISERS – Turkey Citizenship by Investment 

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

  • Property virtual tours, 3-D tours, and in-person tours are available.
  • Due diligence checks and additional property checks are completed by our experts.
  • Residency & Citizenship document preparation and submission.
  • Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow.

Photo by Dima Pima on Unsplash