Turkey bets on tax incentives to lure investors from Gulf

Turkey is positioning itself as a new wealth hub between Europe and the Middle East, unveiling tax incentives to attract wealthy expats and overseas investors amid instability in the Gulf and London.

The measures include reduced inheritance taxes, exemptions on overseas income for up to 20 years and an amnesty programme for undeclared foreign assets, echoing incentives previously offered by the U.K., Bloomberg reports.

Turkey’s push comes as the government seeks to strengthen its financial credentials after years of inflation, currency volatility and political uncertainty, while Gulf nations face renewed questions over regional security risks.

Officials say Turkey aims to become a global center for investment and capital management, though analysts note it remains unclear how many wealthy individuals will choose it over established destinations in the Gulf and Europe.