Retirment
Is Türkiye a Good Place to Retire?
Many people often wonder thee Türkiye is an excellent place to settle after retirement. With the improving economy of Türkiye, fantastic health care, moderate cost of living, and flexible policies, the answer is pretty straightforward. Türkiye is a great place to retire if you are ready to give up work and have enough funds.
Low Cost of Living
One of the biggest motivations for retiring to Türkiye is the inexpensive cost of living. Life is substantially less expensive in contrast to European countries. You'll no longer be working, therefore you'll need a place where you won't have to spend a lot of money to get the most comfort. The cost of food and water is reasonable. You don't even need a television license.
Simple Residency Process
The first thing you should know is that you must apply for a residence permit within a month of arrival in Türkiye. The online residence permit process is easy and simple. You can apply for one year first and then two years. After you retire here for more than 8 years you may apply for a long-term residence permit. You may find more details about this issue in our article on the “Residence Permit in Türkiye” page. If you are considering retiring as a citizen in Türkiye, you may think about getting Citizenship by investment which means owning a property that values at least 250 000 USD. Check out more information on our “Turkish Citizenship by Investment” page.
Soothing Weather
The weather in Türkiye is very pleasant; in the summer, you may swim in the water and enjoy the mild air, while in the winter, you can go skiing. The warmest place in Türkiye in December is Antalya, a city on Anatolia's southern coast.
Fresh and Healthy Cuisine
The importance of highlighting Turkish food, which offers a diverse spectrum of flavours, cannot be overstated. Turkish cuisine is made with fresh ingredients and has a large variety of dishes to choose from.
Excellent Healthcare
Given the average age of retirees, adequate healthcare is required to enjoy the post-work era. As a retired expat, you can join the Turkish government's SGK scheme or acquire personal coverage. In any case, you'd be getting one of the top healthcare systems in the world at a reasonable price.
Tax and Turkish real estate
Income tax liability in Türkiye depends on residency. If you are regarded as Turkish resident, then you will be liable to pay income tax in Türkiye. If you are not Turkish resident, then you are not liable to pay taxes in Türkiye except for tax on earnings derived in Türkiye such as real estate taxes