Become a Client: https://nomadcapitalist.com/apply/
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.
Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: https://nomadcapitalist.com/email
Join us for the next Nomad Capitalist Live event: https://nomadcapitalist.com/live/
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
Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.
We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.
No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.
Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson’s Book: https://nomadcapitalist.com/book/
DISCLAIMER: Neither Nomad Capitalist LTD nor its affiliates are licensed legal, financial, or tax advisors. All content published on YouTube and other platforms is intended solely for general informational and educational purposes and should not be construed as legal, tax, or financial advice. Nomad Capitalist does not offer or sell legal, financial, or tax advisory services.
Nomad Capitalist Live is organized and operated solely by Nomad Events Limited. Nomad Capitalist is a promotional partner and assumes no liability for event operations.