NO BS: 3% tax, no source docs, no residency needed.

[Reytonne]

Hello everyone.

The TRNC government is about to pass the “asset peace” law. The bill is being discussed in parliament.

Why is this so important?

With only a 3% tax, you can bring as much money as you want to TRNC (Dollars, EURO, Gold)

They will not ask or investigate the source of the money

There was a similar asset peace law in Turkey before and people could transfer millions via SWIFT with 0% tax.

This is for the new TRNC asset peace:

- Businesses and individuals can benefit,
- No need for citizenship and residence permit.
- You will be able to pass through customs in cash.

The law is still in the approval process, but should be finalized very soon.
It could be a great opportunity to invest, especially in some beautiful properties on the island!

Source:
https://basimevi.gov.ct.tr/Portals/6/2025/57.pdf?ver=2025-03-12-093941-990
https://www.ktto.net/wp-content/upl...tibari-Paralarin-Ekonomiye-Kazandirilmasi.pdf

 

[SCHLOSSFINANZ]

totally useless as this "country" does not exist officially and isn't recognized from anyone except Turkey!

 

[Reytonne]

totally useless as this "country" does not exist officially and isn't recognized from anyone except Turkey!

It is a beautiful place and you are right. I was there last year. It is probably quite easy to transfer money between TRNC and Turkey. Most of the banks there are Turkish owned, so TRNC can work as a proxy for transfers. I don't know, I will try my luck

 

[Clank]

How do you even open a bank account there?

 

[Reytonne]

How do you even open a bank account there?

I don't know at the moment. I will visit and ask when the law is approved. According to the relevant law, it does not require residency or citizenship, but I will visit trnc to be 100% sure.

 

[redeye]

Will never put my food into Turkey again, it's a country of criminals and scams.

 

[JustAnotherNomad]

What is the benefit?
So say you have a couple of millions in undeclared crypto, gold or cash that you want to get into the banking system.
You go there, open a bank account, deposit your millions, pay 3% tax... and then what? I guess you can't even transfer them to anywhere else than Turkey.
You transfer your money to a Turkish bank account - and then what?
If you transfer the money anywhere else, surely the next bank will ask for proof of funds?