Turkey has introduced a new asset repatriation regime under Law No. 7582 on the Amendment of Certain Laws, published in the Official Gazette dated 4 June 2026. The regulation is commonly referred to in Turkey as an “asset peace” or “asset repatriation” mechanism.

The new regime allows certain foreign and domestic assets to be declared and integrated into the Turkish financial system under specific tax advantages. It is particularly relevant for individuals, companies, foreign investors, Turkish citizens living abroad, and persons considering relocation to Turkey.

What Is the 2026 Asset Repatriation Regime in Turkey?

The 2026 asset repatriation regime provides a legal framework for declaring certain assets held abroad and bringing them into Turkey. The purpose of the regulation is to encourage the integration of foreign-held assets into the Turkish economy while providing tax certainty for persons who comply with the statutory requirements.

The regime covers assets such as money, gold, foreign currency, securities and other capital market instruments held abroad. These assets may be declared through banks or intermediary institutions in Turkey until 31 July 2027.

For foreign assets, the declaration alone is not sufficient. As a rule, the declared assets must be transferred to Turkey or deposited into accounts held with Turkish banks or intermediary institutions within two months following the declaration.

Who Can Benefit From the New Regulation?

Both real persons and legal entities may benefit from the asset repatriation mechanism for assets held abroad. In addition, income taxpayers and corporate taxpayers may also declare certain assets located in Turkey but not recorded in their statutory books.

This makes the regulation important for several groups, including:

Individuals holding savings or investments abroad,

Foreign investors planning to transfer funds to Turkey,

Companies with foreign-held financial assets,

Turkish citizens living abroad,

Persons considering Turkish tax residency,

Businesses seeking to regularize certain assets within their accounting records.

However, eligibility should not be assessed only by looking at the type of asset. The origin of the funds, transfer method, banking documentation, tax residency position and accounting treatment should also be carefully reviewed before making a declaration.

Which Assets Can Be Declared?

The new asset repatriation regime mainly covers the following categories:

Money,

Gold,

Foreign currency,

Securities,

Other capital market instruments.

For assets held abroad, the declaration must be made to a bank or intermediary institution in Turkey. For assets located in Turkey but not recorded in the statutory books of income or corporate taxpayers, the declaration mechanism may also be used within the framework of the law.

In practice, the documentation of the asset, the date of declaration, the transfer records and the financial institution involved will be important for proving compliance with the regime.

Tax Rate Under the 2026 Asset Repatriation Regime

As a general rule, a 5% tax is collected over the value of the declared assets by banks or intermediary institutions.

However, the effective tax rate may decrease depending on the commitment to keep the declared assets in certain financial instruments for a specific period. If the assets are held in instruments such as time deposit accounts, government domestic debt securities, lease certificates or venture capital investment funds for periods between one and five years, the tax rate may be reduced and may even fall to 0% depending on the applicable holding period.

Therefore, persons planning to benefit from the regulation should not only consider whether they are eligible to declare their assets, but also whether a longer holding commitment may provide a more favorable tax result.

Protection Against Tax Inspection

One of the key advantages of the asset repatriation regime is that, if the statutory conditions are met, no tax inspection or tax assessment should be made solely on the basis of the declared assets.

This protection is one of the main reasons why asset repatriation regimes are preferred by individuals and companies seeking legal certainty. Nevertheless, the protection is not unlimited. Other legal obligations, including banking compliance, anti-money laundering rules, customs documentation, accounting rules and international tax reporting obligations, may still be relevant.

For this reason, high-value declarations should be planned carefully and supported with proper legal and financial documentation.

The 20-Year Income Tax Exemption for Certain New Tax Residents

Law No. 7582 also introduced a significant income tax exemption for certain individuals who become resident in Turkey.

Under the new rule, if a real person becomes resident in Turkey and did not have a residence or tax liability in Turkey during the last three calendar years before becoming resident, income and gains obtained outside Turkey may be exempt from Turkish income tax for 20 years.

This provision should not be confused with the asset repatriation mechanism. The asset repatriation regime concerns the declaration and transfer of certain assets. The 20-year income tax exemption, on the other hand, concerns foreign-source income and gains of qualifying individuals who become tax resident in Turkey.

This new exemption may be especially important for high-net-worth individuals, foreign investors, entrepreneurs, retired persons, remote workers, and internationally mobile individuals considering relocation to Turkey.

Why Legal Assessment Is Important

Although the regulation provides important tax advantages, each case should be assessed individually. A person who brings assets to Turkey without proper planning may face practical difficulties regarding bank compliance, documentation, tax residency, accounting records or future tax questions.

Before making a declaration, the following issues should be reviewed:

Whether the person or company is eligible,

Whether the asset falls within the scope of the regime,

Whether the asset can be transferred to Turkey within the required period,

Whether the declaration may affect tax residency status,

Whether the asset should be recorded in statutory books,

Whether there are reporting obligations in another country,

Whether the source of funds can be documented if requested by financial institutions.

The regulation creates opportunities, but it should be used with a clear legal and tax strategy.

Conclusion

Turkey’s 2026 asset repatriation regime under Law No. 7582 offers a significant opportunity for individuals and companies wishing to bring foreign assets into Turkey. The regulation provides a declaration mechanism, potential tax advantages, and protection against tax inspection for properly declared assets.

At the same time, the new 20-year income tax exemption for certain individuals becoming resident in Turkey may make Turkey more attractive for internationally mobile persons and foreign investors.

However, the rules should be applied carefully. Before declaring assets or transferring funds to Turkey, legal and tax advice should be obtained to ensure compliance with the applicable requirements and to avoid future disputes.