Turkey Introduces Tax Incentives to Attract Wealthy Expats Amid Global Competition
Turkey is implementing new tax incentives aimed at attracting wealthy expatriates and investors. These measures include minimal inheritance tax, a 20-year exemption on overseas income, and an amnesty program for undeclared assets. The initiative is part of Turkey's strategy to position itself as a regional finance and wealth center, leveraging its strategic location between Europe and the Middle East. The country aims to draw in wealthy individuals from regions experiencing instability, such as the Gulf and the UK, where recent policy changes have prompted wealthy residents to seek new opportunities. 
