Turkey vs UK · Non-dom reform and FIG regime
Turkey vs UK for international clients after the non-dom reform: FIG regime, foreign income, private banking, property, family, estate planning and relocation to Turkey.
Request a private assessment01
The UK still offers London, private banks, financial markets, English law, schools, universities, premium property and a global network. But the end of the old non-dom regime changes how internationally mobile families, entrepreneurs and investors should think about residence, banking, income and wealth planning.
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The Foreign Income and Gains regime is based on residence rather than the historic domicile concept. It is mainly relevant for eligible new UK tax residents during a limited period. Long-established UK residents and new arrivals do not face the same planning reality.
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Turkey will not replace London for every profile. But it may appeal to entrepreneurs, investors and families seeking Istanbul as a business base, Bodrum or Antalya for lifestyle, more flexible living costs, varied property, private healthcare and access to Europe, the Middle East, the Caucasus and Central Asia.
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The comparison should include real tax residence, foreign dividends, capital gains, interest, rental income, pensions, professional income, foreign companies, holdings, trusts, foundations, property, inheritance, banking, treaties and former-country rules. A tax headline is never enough without real-life substance and banking readiness.
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London remains a global wealth management center. Banks ask for source of funds, tax filings, source of wealth, offshore structures, trusts, holdings, companies, beneficial owners, tax residence and compliance. Turkey plays a different role: local life, property, business activity, local accounts, transfers, insurance and family coordination.
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Business owners should review where the company is managed, where clients are located, where contracts are signed, where decisions are made, where banks accept the structure and where dividends or gains arise. Families should compare banking, schools, universities, healthcare, insurance, housing, cost of living, estate planning, spouse status and daily quality of life.
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In the UK, London, Mayfair, Knightsbridge, Chelsea, Kensington, Marylebone, Canary Wharf, Oxford, Cambridge or Surrey may be relevant. In Turkey, Istanbul, Bodrum, Antalya, Izmir, Alanya, Fethiye or Mersin serve different goals: residence, investment, retirement, family life, resale, inheritance or healthcare access.
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Do not assume the former UK non-dom regime still exists as before. Do not choose Turkey only because a tax regime has been announced. Do not compare only tax without reviewing banking, healthcare, schools, property, family, inheritance, substance, exit planning and former-country rules.
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Bosphoras does not replace tax lawyers or wealth advisors. Its role is to coordinate a private review, compare Turkey with the UK and organize the Turkey side if suitable: residence, banking, property, healthcare insurance, family, estate planning and local partners.
The old domicile-based non-dom regime has been replaced by a residence-based approach commonly referred to as the Foreign Income and Gains or FIG regime.
Yes, for certain profiles seeking a more flexible operational base connected to Europe, the Middle East, the Caucasus and Central Asia.
No. Banking, healthcare, schools, property, family, cost of living, real residence, companies, estate planning, mobility and former-country rules matter.
Yes. Bosphoras can coordinate a private review to assess whether Turkey is coherent compared with the UK and other alternatives.