Retirement Law In Turkey
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FAQ
In this article, we discuss various factors to consider, but as a rule, any retired person who owns their own home, does not smoke, drink, or drive, and is savvy with their money management should budget in at least 5000 Turkish lira each month. How Much Money do You Need to Retire in Turkey? - from blog turkeyhomes.com ? blog ? post ? how-muc... turkeyhomes.com ? blog ? post ? how-muc...
In this article, we discuss various factors to consider, but as a rule, any retired person who owns their own home, does not smoke, drink, or drive, and is savvy with their money management should budget in at least 5000 Turkish lira each month.
Tax on Pensions in Turkey They only have to pay taxes if they source their income from within Turkey. Since Turkey does not tax pensions, you can enjoy living here as a retired expat without paying taxes on your foreign pension.
Retiring in Turkey requires careful planning and preparation. The first step is to obtain a residence permit. To apply for a residence permit, you will need to provide a valid passport, proof of income or savings, and medical insurance. You must be at least 55 years old to apply for a retirement residence permit.
There is an online application you fill out at the Turkish Ministry of Interior's website. Once you finish, it will prompt you to make an appointment with the nearest DGMM office to continue the process and pay the fee your visa requires. A short-term residence permit is issued on a two-year basis.