Türkiye has become one of the top destinations for foreign investors, holiday home buyers, and people looking for a vibrant new lifestyle. Whether you’re from a European country or a Russian-speaking region, transferring money to Türkiye is a key step when purchasing property or making a significant investment. Understanding the process and regulations will make your purchase smooth and stress-free.

How Can Foreigners Bring Money to Türkiye?

Foreigners can legally bring money into Türkiye through various secure channels. The Turkish government allows international money transfers for property purchases, investments, and personal use, provided that the transactions comply with Turkish laws and financial regulations.

Common Methods to Transfer Money to Türkiye:

1. International Bank Transfers (SWIFT Transfers)

   • The most common method is using SWIFT transfers from a foreign bank account to a Turkish bank account.

   • Funds are typically transferred in Euro, USD, GBP, or Russian Rubles and automatically converted to Turkish Lira (TRY) if required.

   • Processing time: 1 to 5 working days.

2. Carrying Cash

   • Foreigners can bring cash into Türkiye legally, but amounts over €10,000 must be declared at customs.

   • Carrying large amounts is not recommended for security reasons.

3. Using Foreign Exchange Companies

   • Currency exchange companies can offer competitive rates and faster transfers, especially for European clients.

   • This option is often used by buyers from countries like Germany, the Netherlands, Belgium, and the UK.

4. Transferring Through Crypto Exchanges (If accepted by the receiving party)

   • Some investors from Russia or Ukraine prefer to use cryptocurrency platforms to move their money internationally before converting to local currency in Türkiye. This should always be done under the guidance of financial experts to ensure legal compliance.

Examples by Country

European Countries:

• Germany, the Netherlands, Belgium, UK: Buyers often prefer bank-to-bank SWIFT transfers or foreign exchange companies for competitive rates and speed.

• Scandinavia: Buyers typically use their home banks’ international transfer services.

• Italy, Spain, France: Traditional bank transfers remain popular and secure.

Russian-Speaking Countries:

• Russia: Since 2022, some Russian banks are restricted internationally, so Russians often work with banks in third countries (such as Kazakhstan or the UAE) or explore cryptocurrency options under financial advisory.

• Ukraine: Many Ukrainians use SWIFT transfers through European intermediary banks.

• Kazakhstan, Belarus: Bank transfers and carrying cash are common, but it’s essential to follow international financial regulations.

Important Notes:

• Foreign Currency Exchange Documentation: When purchasing property in Türkiye, buyers must show the foreign exchange purchase document (Döviz Alım Belgesi) provided by the Turkish bank as proof of transfer.

• Legal Support: Working with reliable professionals ensures that all steps are handled correctly, including the transfer of funds, tax declarations, and title deed registrations.

Best Invest | Forbes Global Properties is Here to Help You

At Best Invest | Forbes Global Properties, we guide you through every step of the process. From opening a Turkish bank account to managing your international money transfers safely, our experienced team ensures your investment journey in Alanya and across Türkiye is smooth and hassle-free.

Whether you are from Europe or a Russian-speaking country, we can help you find the most efficient, legal, and cost-effective way to transfer your money and purchase your dream property in Türkiye.