Türkiye's 2026 changes for Iranians: residence, tax and banking

2026 brought important changes for Iranians in Türkiye: some limits were lifted and a new tax opportunity appeared, while banking became harder. Here is what you need to know:

1. Closed neighbourhoods reopened (in practice)

Since about June 2026 migration offices have accepted residence applications from neighbourhoods closed since 2022; no official notice has yet been published. Residence in Türkiye

2. A 20-year exemption on foreign income

Law 7582 (June 2026) exempts new residents' foreign income from tax for up to 20 years, and an asset amnesty runs until July 2027. Details

3. Tighter banking

• The licence of Bank Mellat's Istanbul branch was revoked in September 2026.
• New US sanctions on an investment bank in Türkiye (September 2026) have led to closer bank checks.
• Large transfers and Iranian nationals' accounts face more limits and scrutiny.

4. Work and wages

• 2026 minimum wage: TL 33,030 gross and TL 28,075.50 net.
• The company capital criterion for hiring foreigners has been TL 500,000 since 2025. Work permits

5. What did not change

• 90-day visa-free entry for Iranians.
• $200,000 property residence and $400,000 citizenship. Citizenship by investment

Our advice

Before buying property or registering a company, settle a lawful route for transferring money and opening an account; in 2026 this is the main practical obstacle for Iranians in Türkiye. Imperial's Istanbul office supports you along the way.

Position as of October 2026.