There are too many retirees from the UK, Canada, the USA and other European and West Asian countries such as Qatar, Saudi Arabia and the UAE who live in Turkey. Maybe because of its beautiful nature and the diversity of culture and food it is a choice.
Well done! I have been planning and preparing to retire early to Turkey (before I'm 60) for nearly 2 years now. August 2022 is my target date. I lived and worked there for 6 months in 2011. Without a doubt, everything you mentioned in this video is true. One of the more fascinating ideas about living in Turkey is the amount of money one can earn monthly by depositing Turkey Lira into a Turkish Time Deposit account. Turkish banks offer attractive interests rates. As a single person who fully purchased a home and invested $60K in a Time Deposit account as of today, one can retire quite well. Personally, i prefer the southern coast line of the mediterranean rather than the Aegean, but that's just me. I can barely wait! 🇹🇷❤️
@@hania77777 Yes Hania, İ completely agree. Almost every thing in Turkey is less expensive, and İ was amazed by the people's pride in quality. İ really love it there. ❤️🇹🇷
@@edagener3164 how long are you going to stay in turkey visa is 90 days only I would like to go there for retiring also but is not that easy to stay forever
Thanks for this video. I liked the quality of the very detailed information as well as the presentation, images, music and narration. Merci Monsieur Roninblue 👍
Unfortunately, if you stay longer than 6 months per year, they charge up to 40% of your worldwide income. 40% tax rate starts at about $10,000 per annum in income. Unfortunately the tax rate makes it one of the most expensive places on the planet to retire, especially for those on a fixed income.
Very nice video and tons of excellent information. Thank you. One little observation, kindly reduce the music volume as it is a bit difficult to hear your voice clearly. Thanks.
There are too many retirees from the UK, Canada, the USA and other European and West Asian countries such as Qatar, Saudi Arabia and the UAE who live in Turkey. Maybe because of its beautiful nature and the diversity of culture and food it is a choice.
You produce some great videos, but PLEASE turn down the volume of the background music. For those with hearing difficulties, your commentary is hard to hear.
For banking you can open an account in international banks which are also in Turkey like HSBC and keep using same account in Turkey. If you are asking if there will be a tax cut to your retirement there won't be but ofc there is value-added-tax in everything and you have to pay property tax as well if you buy a house etc. Turkey is giving citizenship to people who bought a property in Turkey but ofc there is a price limit but not high and you can also apply for residency which is given pretty easily. And health insurance is a must in Turkey anymore not optional but basic one is quite cheap as well.
Unfortunately, if you stay longer than 6 months per year, they charge up to 40% of your worldwide income, and everything is considered income, even capital gains. 40% tax rate starts at about $10,000 per annum in income. It's all tied to the Lira, as it devaluates, the thresholds stay the same, therefore more and more of your currency is taxed at the higher rates. Unfortunately the tax laws and rates make it one of the worst places on the planet to retire, especially for those on a fixed income who can't live outside of there for more than 6 months a year. My brother just landed today from the USA. He's driving the Aegean and Mediterranean from Istanbul to Antalya to see the sights and scope out places to retire part-time, i.e. less than 6 months a year.
There are too many retirees from the UK, Canada, the USA and other European and West Asian countries such as Qatar, Saudi Arabia and the UAE who live in Turkey. Maybe because of its beautiful nature and the diversity of culture and food it is a choice.
@@Provision600 1000$ is equal to 8500 Turkish Lira. So you can rent a house for 1500 Lira in Fethiye where you can also find local British people. Thus language is not a very big problem. Search for 'Mick Amca' for details. Or you may write me from instagram.com/a.yemliha
Great video. I think a striking point is that there are a lot of Persian words in Turkish language ! Persian was actually spoken and written by the Ottoman Sultans and it’s written all over the Topkapi palace on the walls. There is a large expat of over 1,000,000 Persians that also share similar words also with the 16,000,000+Kurdish Population of Turkey. Turkey is diverse and a beautiful country and you failed to mention the influence of the Persian culture which predominantly ruled over the entire Turkey and surrounding countries to Turkey for a very long time. Many Iranians also feel they share cultural characteristics with the Turkish society, in terms of food, music and history, which attracts a lot of Iranian tourists,” “Geographical proximity is also a factor which allows cheaper modes of travel.” So mention of Persian influence would be notable point. Thank you for a great video.
There are too many retirees from the UK, Canada, the USA and other European and West Asian countries such as Qatar, Saudi Arabia and the UAE who live in Turkey. Maybe because of its beautiful nature and the diversity of culture and food it is a choice.
Hi, again, I would greatly appreciate if you could indicate wich área of Turkey is warm and sunshine??? And where is the most likely British people stay, and free to many turist ???
5 days After Thanksgiving were still eating Turkey sandwiches and can hardly manage to wake up due to over dosing on the triptophan trifecta Warm milk + Bananas + fresh off the carcase Turkey. It will make you sleep Like a baby
Completely incorrect as Turkey's economic problem is having way more imports than exports so more foreign currency leaving the country than entering which decreases the value of Turkish lira!! In order to close this deficit Turkey needs to reduce imports, increase exports or bring foreign currency from elsewhere like tourism sector or foreign investments. So when foreigners retire in Turkey they actually help Turkey with their foreign currency not increasing prices at all...
@@koseku3 There is no shame in not knowing; the shame lies in not finding out. Clearly you are confusing luxury life style with tourism sector, for example there are very expensive restaurants, hotels, houses etc in Turkey even if they aren't touristic at all, if there is demand there will be always supply!! And Turkish lira loosing value makes Turkish people suffer a billion times more than some expensive hotels, restaurants as it is grealy increasing inflation in all products including even domestic products as simple as fruits and vegetables, because Turkish farmers using IMPORTED oil to produce them so when oil becomes more expensive as Turkish lira lost value even domestic fruits and vegetables are becoming more expensive!! Right now Turkey needs to increase Turkish lira's value back more than anything else and it is only possible by decreasing imports (Limiting oil, electronic imports etc), increasing exports or finding foreign currency from other sources like tourism sector, foreign investments, swap deals etc so nope, tourists are helping Turkish people without any question...
I would love to retire in Turkey. Turkey is so beautiful there is so much to see and experience, above all the people, are friendly and welcoming.
There are too many retirees from the UK, Canada, the USA and other European and West Asian countries such as Qatar, Saudi Arabia and the UAE who live in Turkey. Maybe because of its beautiful nature and the diversity of culture and food it is a choice.
I already live in Izmir and I admit it's a wonderful place to be.Thank you for the video and keep the good work.
Well done! I have been planning and preparing to retire early to Turkey (before I'm 60) for nearly 2 years now. August 2022 is my target date. I lived and worked there for 6 months in 2011. Without a doubt, everything you mentioned in this video is true. One of the more fascinating ideas about living in Turkey is the amount of money one can earn monthly by depositing Turkey Lira into a Turkish Time Deposit account. Turkish banks offer attractive interests rates. As a single person who fully purchased a home and invested $60K in a Time Deposit account as of today, one can retire quite well. Personally, i prefer the southern coast line of the mediterranean rather than the Aegean, but that's just me. I can barely wait! 🇹🇷❤️
I go with you. Ok ?
@@hania77777 Just remember to bring your swim suit, sunglasses and a good appetite 😎❤️🇹🇷
@@edagener3164 in Turkey everything is cheaper and better quality I am waiting for this covid to pass and the world will return to normal
@@hania77777 Yes Hania, İ completely agree. Almost every thing in Turkey is less expensive, and İ was amazed by the people's pride in quality. İ really love it there. ❤️🇹🇷
@@edagener3164 how long are you going to stay in turkey visa is 90 days only I would like to go there for retiring also but is not that easy to stay forever
Ronin! You outdid yourself with this one brother. I'm speechless.
Thanks so much for this detailed and very informative video.
I’m saddened to hear about Ronin’s passing.
Sam, please accept my sincere condolences.
Thank you, Rabia. Love, Sami
Thanks for this video. I liked the quality of the very detailed information as well as the presentation, images, music and narration. Merci Monsieur Roninblue 👍
Nice video! Istanbul usually is really cold in winters also it was snowing for weeks this year. Great information by the way!
Great info! If you allow me a constructive critique, lower the volume of the music. Your choice of music is excellent!
Thanks, will do!
Thanks for sharing the info and experience.
Thank you for the information
Unfortunately, if you stay longer than 6 months per year, they charge up to 40% of your worldwide income. 40% tax rate starts at about $10,000 per annum in income. Unfortunately the tax rate makes it one of the most expensive places on the planet to retire, especially for those on a fixed income.
Very nice video and tons of excellent information. Thank you. One little observation, kindly reduce the music volume as it is a bit difficult to hear your voice clearly. Thanks.
Noted. I have lowered the music for the other vlogs. Thanks for watching!
@@roninblue5885 Thanks. Great coverage though! Continue doing the good work!
Very nice info. Thank you.
There are too many retirees from the UK, Canada, the USA and other European and West Asian countries such as Qatar, Saudi Arabia and the UAE who live in Turkey. Maybe because of its beautiful nature and the diversity of culture and food it is a choice.
You produce some great videos, but PLEASE turn down the volume of the background music. For those with hearing difficulties, your commentary is hard to hear.
I'm happy to follow your channel.
Hi , thanks for the video but there wasn’t enough information retirement, as the title of the video implied. Taxes, banking, passport. Thank you
For banking you can open an account in international banks which are also in Turkey like HSBC and keep using same account in Turkey. If you are asking if there will be a tax cut to your retirement there won't be but ofc there is value-added-tax in everything and you have to pay property tax as well if you buy a house etc. Turkey is giving citizenship to people who bought a property in Turkey but ofc there is a price limit but not high and you can also apply for residency which is given pretty easily. And health insurance is a must in Turkey anymore not optional but basic one is quite cheap as well.
Unfortunately, if you stay longer than 6 months per year, they charge up to 40% of your worldwide income, and everything is considered income, even capital gains. 40% tax rate starts at about $10,000 per annum in income. It's all tied to the Lira, as it devaluates, the thresholds stay the same, therefore more and more of your currency is taxed at the higher rates. Unfortunately the tax laws and rates make it one of the worst places on the planet to retire, especially for those on a fixed income who can't live outside of there for more than 6 months a year. My brother just landed today from the USA. He's driving the Aegean and Mediterranean from Istanbul to Antalya to see the sights and scope out places to retire part-time, i.e. less than 6 months a year.
There are too many retirees from the UK, Canada, the USA and other European and West Asian countries such as Qatar, Saudi Arabia and the UAE who live in Turkey. Maybe because of its beautiful nature and the diversity of culture and food it is a choice.
Thanks for the info and video. Very useful and true information
Thanks friend! Nice video!
Turkey is not a city. Many areas have four seasons, not sunshine all year. You must do your research...It is definitely my favorite place!!:))
that s what l want to do
Im 22 years old lookin to retire to Turkey by 25 😆😃
Just get a parttime remote job and move in Turkey. Even 1.000$ would be enough for a single to live in Mediterranean cities such as Fethiye.
@@yemliha4434
American money is worth more there right ??
&&I should learn the language first lol.
@@Provision600 1000$ is equal to 8500 Turkish Lira. So you can rent a house for 1500 Lira in Fethiye where you can also find local British people. Thus language is not a very big problem. Search for 'Mick Amca' for details. Or you may write me from instagram.com/a.yemliha
@@yemliha4434 thank you 🙏🏾
Good luck
The music louder than your voice! That was trouble
Yes , it's good professional info & video, thanks . Background music is loud try to avoid in other videos. Good luck.
Great video. I think a striking point is that there are a lot of Persian words in Turkish language ! Persian was actually spoken and written by the Ottoman Sultans and it’s written all over the Topkapi palace on the walls.
There is a large expat of over 1,000,000 Persians that also share similar words also with the 16,000,000+Kurdish Population of Turkey. Turkey is diverse and a beautiful country and you failed to mention the influence of the Persian culture which predominantly ruled over the entire Turkey and surrounding countries to Turkey for a very long time. Many Iranians also feel they share cultural characteristics with the Turkish society, in terms of food, music and history, which attracts a lot of Iranian tourists,” “Geographical proximity is also a factor which allows cheaper modes of travel.” So mention of Persian influence would be notable point.
Thank you for a great video.
There are too many retirees from the UK, Canada, the USA and other European and West Asian countries such as Qatar, Saudi Arabia and the UAE who live in Turkey. Maybe because of its beautiful nature and the diversity of culture and food it is a choice.
Por favor, subtítulos en español. Me interesa su canal.
Thanks for this kind of videos. We can not buy residents as locals here.
Great info here. How are you ? Wouldn’t mind spending a couple months here...
Thank you Bryan. I'm well, just waiting on Japan to open their borders, should be soon I hope.
Thinking about retiring in Turkey
Great job
like the video but the music is too loud
Amo Turquía, pero la devaluación y el clima político no es bueno. Siempre fui de turista.
This would be a great informative video but that loud music makes it almost impossible to hear YOU. We want to hear YOU.
A few million Americans living in Turkey would be cool!
Why is your music so loud, its not easy to listen to your soft spoken voice!!!
Wich Town is has the best eazy accsessable beaches from Home Apartament????? Thank you, Regards
I would like to know about HEALTH CARE FOR OLDER FOREGN PEOPLE?????
its free
@@orikane1 Thank you, Regards,
Hi, again, I would greatly appreciate if you could indicate wich área of Turkey is warm and sunshine??? And where is the most likely British people stay, and free to many turist ???
@@rubirubi2259 southern coast. this channel could help 👇ruclips.net/user/mickinfethiye
@@rubirubi2259 Antalya, Muğla, İzmir is probably top three for your question. Hope it helps even though it's late response
How I become a permanent resident?
👌👌👌
5 days After Thanksgiving were still eating Turkey sandwiches and can hardly manage to wake up due to over dosing on the triptophan trifecta Warm milk + Bananas + fresh off the carcase Turkey. It will make you sleep Like a baby
beautiful place
How to get residency, and what steps do I take as am American citizen?
Over 1 million usd
@@tytraulich4987 noo it's not, if you start with a temporary permit
Just step back and live in America
Lol anyone thats not even 18 watching this
please dont come to turkey, you will increase the prices which are already high for its residents
Completely incorrect as Turkey's economic problem is having way more imports than exports so more foreign currency leaving the country than entering which decreases the value of Turkish lira!! In order to close this deficit Turkey needs to reduce imports, increase exports or bring foreign currency from elsewhere like tourism sector or foreign investments. So when foreigners retire in Turkey they actually help Turkey with their foreign currency not increasing prices at all...
@@ggoddkkiller1342 only for those who own a company in tourism will earn, others will suffer...
@@koseku3 There is no shame in not knowing; the shame lies in not finding out. Clearly you are confusing luxury life style with tourism sector, for example there are very expensive restaurants, hotels, houses etc in Turkey even if they aren't touristic at all, if there is demand there will be always supply!! And Turkish lira loosing value makes Turkish people suffer a billion times more than some expensive hotels, restaurants as it is grealy increasing inflation in all products including even domestic products as simple as fruits and vegetables, because Turkish farmers using IMPORTED oil to produce them so when oil becomes more expensive as Turkish lira lost value even domestic fruits and vegetables are becoming more expensive!! Right now Turkey needs to increase Turkish lira's value back more than anything else and it is only possible by decreasing imports (Limiting oil, electronic imports etc), increasing exports or finding foreign currency from other sources like tourism sector, foreign investments, swap deals etc so nope, tourists are helping Turkish people without any question...
Live in your country and retire in your own country. Turkey is not your country 😊
the fucking music is to loud
:)
like the video but the music is too loud