Turkey vs UK · Non-dom and FIG
Comparison for investors and families after the UK non-dom reform: FIG regime, foreign income, private banking, property, family, estate planning and relocation to Turkey.
Request a private assessment01
London still offers private banks, financial markets, English law, schools, universities, premium property and a global network. But the end of the old non-dom regime changes planning for international families and entrepreneurs.
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The new Foreign Income and Gains regime is based on residence rather than the former domicile concept. It is mainly relevant for eligible new UK tax residents during a limited period.
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Turkey may fit investors and families seeking Istanbul, Bodrum, Antalya, flexible living costs, varied property, private healthcare and access to Europe, the Middle East, the Caucasus and Central Asia.
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Real tax residence, dividends, gains, interest, rental income, pensions, professional income, companies, holdings, trusts, property, inheritance, banking, treaties and former-country rules should be reviewed separately.
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London remains a wealth management center. Banks require source of funds, tax filings, wealth structures, companies, beneficial owners, residence and compliance. Turkey plays a different role around life, property, business, transfers, insurance and family.
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Families should compare private banking, schools, universities, healthcare, insurance, housing, cost of living, estate planning, spouse status, children and daily quality of life.
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The UK may mean London, Mayfair, Knightsbridge, Chelsea, Oxford or Cambridge. Turkey may mean Istanbul, Bodrum, Antalya, Izmir, Alanya, Fethiye or Mersin.
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Do not assume the former UK non-dom regime still works as before. Do not choose Turkey only because a tax regime has been announced. Banking, schools, healthcare, property, family, inheritance and exit planning matter.
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Bosphoras coordinates a private review and relevant advisors to assess whether Turkey is coherent compared with the UK and other alternatives.
The former domicile-based regime has been replaced by a residence-based FIG regime.
Yes, for some investors and families seeking a flexible base connected to Europe, the Middle East and Central Asia.
No. Banking, schools, healthcare, property, family, estate planning and former-country rules matter.
Yes. Bosphoras can coordinate a private review.