Compare countries & regions

Portugal vs Turkey

Portugal and Turkey side by side — economy, tax, company setup, visas, housing and study, from official and open data.

Economy & society

Metric Portugal Turkey
Population (2024) 10.69M 85.52M
GDP (current US$) (2024) $313.27B $1.36T
GDP per capita (2024) $29,292 $15,893
GDP growth (annual) (2024) 2.1% 3.3%
Inflation (annual) (2024) 2.4% 58.5%
Unemployment (2025) 6.2% 8.5%
FDI net inflows (2024) $13.49B $11.70B

Business & tax

Metric Portugal Turkey
Corporate tax General national corporate income tax rate. Sub-national tax is excluded and shown separately where it applies — a cell reading "15.825% +7–21% municipal" means the national rate plus a local business tax. "on trading income" and "on distributed profit" mark countries whose headline rate does not reach all profit. 19%
Top income tax Top marginal rate on employment income, NATIONAL layer only — that is what makes the column comparable. Where a sub-national layer applies it is added to the cell rather than folded into the number, so "20% +29–35% municipal" is Sweden's national rate plus its municipal one. Social-security contributions are excluded throughout. 48%
Capital gains Default rate on long-term gains from listed securities, for an individual. Varies by asset, holding period and residency. Where one percentage cannot state the answer the cell says so instead: "effective" = a fixed share of the gain is taxed as ordinary income; "on deemed return" = the tax falls on a notional return, not on realised gains; "as income" = there is no separate capital-gains tax; "Varies" = no single general rate; "No general CGT" = individuals are not taxed on capital gains, though gains that are trading in nature and gains realised in a business still can be. 28%
VAT / GST Standard statutory rate. Where one percentage cannot state it the cell says so: "effective" = the statutory rate applies to a reduced tax base; "temporary" = a time-limited rate charged instead of the statutory one, with its end date; "by supply" / "by state" = a band structure with no single standard rate; "No VAT or GST" = the tax does not exist there, which is not a 0% rate. Reduced, zero and exempt categories are not shown. 23% 20%
Digital nomad visa Whether a dedicated digital-nomad or remote-work visa exists. A country without one may still allow remote work on another status. Yes No
DNV income req. (mo) Minimum income the programme requires, converted to USD. Thresholds are set in local currency and move with it. $3,500

Figures are headline national values gathered for comparison, not tax or legal advice. Definitions differ between countries — read each row's basis before comparing, and verify against the official authority before acting.

Topic by topic

Company Registration

Portugal

Portugal offers fast setup via 'Empresa na Hora' and online services; the usual form is a Sociedade por Quotas (Lda). Founders need a Portuguese tax number (NIF), and the commercial registry records the company.

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Turkey

The common company is a Limited Şirket (limited liability); registration is via the Trade Registry (through MERSIS) and a notary, and a tax number is obtained. Foreigners can own companies fully in most sectors.

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Business Banking

Portugal

Portuguese banking includes major retail banks and online options. Opening an account usually needs an NIF, ID and proof of address; non-residents can open accounts with additional documents. The Banco de Portugal supervises banks.

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Turkey

Turkish banking is modern and digital. Foreigners can open accounts, usually needing a passport, a Turkish tax number and proof of address; many banks also ask for a residence permit (ikamet), though some open one without it. The CBRT and BDDK regulate banks.

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Investment

Portugal

Portugal welcomes foreign investment through AICEP (Portugal Global), with EU free movement of capital and no exchange controls. Screening applies only to a narrow set of strategic assets; incentives include investment tax credits (RFAI), the SIFIDE R&D credit, and EU-cofinanced regional programs.

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Turkey

Türkiye actively courts foreign investment through the Investment Office of the Presidency, granting foreign investors national treatment. There is no general FDI screening; incentives include the regional investment-incentive scheme, free zones and technology development zones. Capital and profits repatriate through banks, subject to central-bank foreign-exchange rules.

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Tax System

Portugal

Portugal taxes personal income (IRS), corporate profits (IRC) and VAT (IVA), run by the Autoridade Tributária (AT). Tax residents are taxed on worldwide income; special regimes for new residents have changed, so verify current rules.

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Turkey

Türkiye's taxes are run by the Revenue Administration (GİB): income tax, corporate tax and VAT (KDV). Residents are taxed on worldwide income, and high inflation means thresholds are revised frequently.

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Work Visa

Portugal

Non-EU nationals need a residence visa or permit that allows work; EU citizens work freely. Routes include the job-seeker visa, employed and skilled routes, the D7 for passive income and a digital-nomad visa. AIMA handles residence permits.

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Turkey

Foreigners need a work permit to work in Türkiye, which also serves as a residence permit; the Ministry of Labour and Social Security issues it, usually on the employer's application. A Turquoise Card suits qualified professionals.

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Student Visa

Portugal

Non-EU students staying longer than 90 days need a Portuguese student visa first and then a residence permit for study, based on admission to a higher-education institution, proof of funds and health insurance. The visa comes from the Portuguese consulate; residence is handled by AIMA, the Agency for Integration, Migration and Asylum — note that many older guides still name SEF, which AIMA replaced. EU/EEA/Swiss students need no visa.

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Turkey

Studying in Türkiye normally combines three things: university admission, an entry visa or exemption status, and a student residence permit obtained after arrival. One structural limit to plan around — the student residence permit cannot exceed the length of the education programme itself. Exchange schemes such as Erasmus, Mevlana and Farabi are named in the residence-permit framework. Student work rights are limited and need separate work-permit checks.

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Tourist Visa

Portugal

Portugal is in the Schengen Area, so short tourist or business visits follow Schengen rules: up to 90 days within any 180-day period across the whole area. Visa-exempt nationals need no visa; everyone else applies for a short-stay (type C) Schengen visa through the official Portuguese visa service. A new ETIAS authorisation is being introduced for visa-exempt travellers.

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Turkey

Entry to Türkiye depends on nationality: some travellers enter visa-free or on a national ID, while others apply through the official Ministry of Foreign Affairs e-Visa portal. The e-Visa is valid for touristic and trade purposes only — work or study travel uses different visa channels — and stays beyond 90 days generally require a residence permit rather than a tourist visa.

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Permanent Residency

Portugal

Portugal grants permanent residence after generally 5 years of continuous legal residence, requiring basic Portuguese (A2) and a clean record. It lets you live and work indefinitely and, uniquely, Portuguese citizenship is also available after 5 years — making the residence-to-citizenship path relatively fast.

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Turkey

Turkey grants a long-term (indefinite) residence permit after eight years of continuous legal residence, giving rights close to citizens' apart from voting and public office. A faster alternative is Turkish citizenship by investment. Applications go through the Presidency of Migration Management.

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Citizenship

Portugal

Portugal grants nationality after 5 years of legal residence, with an A2 Portuguese-language requirement, and permits dual nationality. Portugal is generous with time counted and Sephardic/Portuguese-speaking ties. Note: reform proposals in 2025 sought to lengthen the residence period — always verify the current rule before relying on it.

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Turkey

Turkey grants citizenship by naturalization after 5 years of continuous residence, with basic Turkish, good moral character, lawful means and no threat to health or security. A faster, separate route is Turkish citizenship by investment (for example a qualifying property purchase). Turkey permits dual nationality. The decision is by presidential decree via the Ministry of the Interior.

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Employment & Labor

Portugal

Portuguese employment under the Labour Code is protective: a national minimum wage (RMMG), 22 working days' paid holiday, and 13th- and 14th-month payments. Dismissal generally needs just cause and follows a set procedure; social security is compulsory and disputes go to the labour court (tribunal do trabalho).

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Turkey

Turkish employment under Labour Law No. 4857 sets a national minimum wage, a 45-hour week, annual leave of 14-26 days by service, and severance pay (kıdem tazminatı) of roughly one month per year for eligible employees. Social security is via the SGK, and most disputes need mandatory mediation before the labour courts.

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Import & Export

Portugal

Portuguese trade with non-EU countries clears through the Tax and Customs Authority (AT) with an EU EORI number. You classify goods in TARIC to find duty and import VAT (23%), which can be deferred to your VAT return. Declarations are electronic; intra-EU trade needs Intrastat and dual-use exports need a licence.

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Turkey

Turkish trade clears through the Ministry of Trade's customs using the BILGE electronic system. Türkiye is in a customs union with the EU, so most industrial goods move duty-free with an A.TR certificate; other imports carry customs duty plus VAT (KDV, 20% standard). Some goods need permits and standards approval.

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Trademark & IP

Portugal

Portuguese trademarks are registered with the National Institute of Industrial Property (INPI Portugal). You search the register, file under Nice classes, and it publishes in the Industrial Property Bulletin for a two-month opposition period. A Portuguese trademark lasts 10 years and is renewable; an EU-wide alternative is the EU trademark via EUIPO, and copyright arises automatically.

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Turkey

Turkish trademarks are registered with the Turkish Patent and Trademark Office (TÜRKPATENT). You search the register, file under Nice classes, and after examination the mark publishes in the Official Trademark Bulletin for a two-month opposition period. A Turkish trademark lasts 10 years and is renewable; Türkiye is a Madrid Protocol member.

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Jobs

Portugal

Portugal's public employment service is the IEFP, which runs the official job portal, while much hiring also happens on commercial boards and company sites. The structural point for non-EU workers is that two different bodies are involved: you need a work visa and residence permit tied to a job, and AIMA is the authority handling residence — so the employment service and the residence authority are separate doors. Citizens of the EU, EEA and Switzerland need neither document.

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Turkey

Türkiye's official employment agency is İŞKUR, which runs job matching alongside private platforms and direct employer hiring. The structural point for foreign candidates is that a work-permit decision is scored against published criteria that examine the employer as much as the applicant — the company's profile and the pay attached to the role type both feed into it — so a well-qualified candidate can still be refused because the hiring company does not meet the conditions. Student residence permit holders have separate and narrower work rights.

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Salaries

Portugal

Portugal's statutory national minimum wage is set by the government each year, so the cadence is a single annual decision you can plan around. It is expressed as a monthly amount and paid in 14 instalments, which matters when converting to an annual figure. Pay is quoted gross, with income tax (IRS) and social-security contributions reducing take-home, and Statistics Portugal is the authoritative source for wage data.

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Turkey

Türkiye has a national minimum wage, but high inflation makes any wage reference time-sensitive — official minimum-wage tables should be read as dated figures rather than durable salary benchmarks. There is also a structural reason the minimum matters even to higher earners: foreign work-permit salary thresholds are set as multiples of the current gross minimum wage for some roles, so when the minimum moves, those thresholds move with it. Use official wage and labour-statistics sources first.

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Scholarships

Portugal

Portugal's scholarships for international students come mainly through the Camões Institute (language and cultural cooperation awards), the FCT for doctoral and research funding, and individual university scholarships. Explore options on the Camões, FCT and university sites and apply by each deadline.

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Turkey

Türkiye's flagship scholarship is Türkiye Scholarships (Türkiye Bursları), a comprehensive government program run by the Presidency for Turks Abroad (YTB) that covers tuition, a monthly stipend, accommodation, health insurance, flights and a year of Turkish-language study. Apply through the single online system by the annual deadline.

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Study Abroad

Portugal

To study in Portugal you apply to the university, then, once admitted, apply for a student residence visa at the Portuguese consulate and, after arrival, complete your residence permit through the immigration authority (AIMA). Explore options on the Study in Portugal and university sites and apply by the deadline.

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Turkey

To study in Türkiye you apply to the university (some require the YÖS exam or a recognised equivalent), then, once admitted, apply for a student visa at the Turkish consulate and, after arrival, obtain a student residence permit from the Presidency of Migration Management. Explore the university sites and apply by the deadline.

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Housing

Portugal

Portugal places no restriction on foreigners buying property; you just need a NIF (tax number). Renting typically requires a deposit of one to two months and a registered contract. Buying goes through a lawyer/notary, is registered at the Land Registry (Conservatória do Registo Predial), and carries property-transfer tax (IMT) plus stamp duty.

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Turkey

Foreigners can buy property in Turkey, subject to limits (no purchases in military/security zones and an overall area cap per person). Renting deposits are typically one month, under the Code of Obligations. Buying is registered at the Land Registry (Tapu office), which issues the title deed (tapu), with a title-deed fee of around 4%. Buying above a set value can also qualify for Turkish citizenship by investment.

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Healthcare

Portugal

Portugal's public Serviço Nacional de Saúde covers legal residents with mostly free or low-cost care. Once you are a legal resident — registered and, where applicable, contributing to social security — you register with your local health centre for an SNS user number. The sequencing point: some visa applicants must show private health insurance until they are covered by the SNS, so the private policy is a bridge rather than a permanent parallel.

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Turkey

Türkiye combines public social-security healthcare through SGK / Genel Sağlık Sigortası with a large private hospital market, especially in major cities. The point that catches people out is that insurance is an immigration requirement: residence-permit applications require valid health insurance, which can be SGK/GSS coverage or qualifying private insurance. Verify enrolment, waiting periods and private-policy wording before relying on cover for either immigration or treatment.

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Insurance

Portugal

Portugal's Segurança Social provides pensions and social insurance, funded by employer and employee contributions. Beyond the public health service, motor third-party liability insurance is compulsory for vehicles, while home insurance is commonly held by tenants and owners without being a legal requirement — a useful contrast with countries where renters' cover is mandatory. Insurers and pension funds are supervised by the same body, the ASF, so retirement products fall under the same regulator as your car policy.

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Turkey

In Türkiye, insurance planning usually starts with residence-permit health insurance rather than with your own risk assessment. Private health insurance is commonly used for first permit applications when SGK/GSS coverage is not yet active — so it functions as a bridge. The trap is duration and wording: the policy should cover the full requested permit period and match Migration Management requirements, so a cheaper short policy can sink the application. Employer social-security and workplace obligations are separate from private buying.

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Related comparisons

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Frequently asked questions

How do VAT rates compare in Portugal and Turkey?

Portugal 23%%, Turkey 20%%.

Is Portugal or Turkey wealthier per capita?

Portugal — Portugal $29,292, Turkey $15,893 (World Bank, 2024/2024).

Do Portugal and Turkey offer a digital nomad visa?

Only Portugal does.

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