The Istanbul Financial Centre Expands Its Talent Incentive

Article 12 shows that the Istanbul Financial Centre is being designed to attract not only companies, but also people.

The provision expands the income tax advantage available to personnel with foreign experience.

This matters because a financial centre is not built only with buildings and licences.

A real financial centre is built with:

• fund managers,

• risk specialists,

• lawyers,

• compliance teams,

• fintech professionals,

• and data and technology teams.

Through this amendment, Türkiye appears to be trying to turn the IFC into a broader professional ecosystem.

It may become easier for foreign groups to transfer executives and specialists to Türkiye.

Still, tax incentives alone will not be enough. For international professionals, quality of life, children’s education, healthcare, work permits and banking access will also be decisive.