How to Transfer Funds When Buying Property in Turkey from Abroad
Looking into transferring funds when buying property in Turkey from abroad? You are in the right place. With 15 years of experience, we share every detail you need to know.
A Pakistani client who sent $420,000 from Dubai said the SWIFT transfer took 3 business days and intermediary bank fees totaled $1,200. Wise transfers are cheaper but have limits on large amounts.
A Pakistani client who sent $420,000 from Dubai said the SWIFT transfer took 3 business days and intermediary bank fees totaled $1,200. Wise transfers are cheaper but have limits on large amounts.
| Method | Duration | Cost | Limit |
|---|---|---|---|
| SWIFT | 2-5 business days | $30-100 + intermediary | Unlimited |
| Wise/Revolut | 1-2 business days | 0.5-1% | Usually up to $250K |
| Crypto (USDT) | Minutes | Low | Not legal (Turkey) |
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Frequently Asked Questions
How long does the process take?
Typically 3 to 8 months. The security investigation is the most variable phase.
Are family members included?
Spouse and children under 18 are included at no additional cost.
Do I have to live in Turkey?
No. There is no residency requirement after obtaining citizenship.
When can I sell the property?
After 3 years from the title deed transfer date.
What are my tax obligations?
Income earned in Turkey is taxable. Foreign-sourced income may be exempt under certain conditions.
What happens if my application is rejected?
The property remains in your name. You can sell it after 3 years.
Is dual citizenship possible?
Turkey allows dual citizenship. Check your home country's regulations as well.
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