Turkey is moving to position itself as a stronger global destination for investors and high-income professionals through a new tax incentive package that could significantly reduce the tax burden on foreign earnings.

According to details reported from the proposal, the plan would grant eligible new residents a long-term exemption from taxation on income earned outside Turkey for up to 20 years. The measure is aimed at attracting foreign capital, entrepreneurs, and skilled professionals who manage international income streams.

The proposed framework is part of a broader economic strategy that also includes reduced corporate taxes for export-oriented businesses and additional incentives designed to improve the country’s competitiveness in global investment markets.

Under the draft plan, the benefits would primarily target individuals who have not been tax residents in Turkey in recent years and who choose to relocate their financial or business base to the country. Domestic income would still remain subject to Turkey’s standard taxation system.

Supporters of the initiative argue that such long-term incentives could help Turkey attract high-value talent and increase foreign direct investment at a time when countries are competing more aggressively for mobile capital. They say the policy could particularly appeal to digital entrepreneurs, global freelancers, and investors with overseas portfolios.

However, the proposal is still under consideration and has not yet been fully enacted into law. Any implementation would require formal approval through Turkey’s legislative process, and specific eligibility rules may still change.

If approved, the policy could place Turkey among a growing number of countries using tax incentives as a tool to attract international residents and strengthen their role in the global investment landscape.