When sending to Turkey use the USD transfer option as transferring in TRY can be expensive to the people. As the intermediate bank has some spread on USD to TRY exchange and it will cost dearly to the customer. Also in some cases the intermediate bank holds the money until there is significant spread which is made out of customers money. So better to transfer in USD to turkey.
I expected nazrin to talk about correspondent bank charges (mainly based in US) and in some cases the intermediate bank charges involved in a wire or swift charges, apart from Turkish bank charges. The corresponding bank uses the intermediary bank when the currency is different than USD or the receiving bank doesn’t deal with the corresponding bank. The Turkish bank mainly charges 100 usd for documentation required by the corresponding bank. Usually the corresponding bank can charge up to 100 usd as well.
Great video , my question to her is , how about getting money out of turkey , how does that works , are we allowed to get money out of Turkey freely or there are some restrictions
There is no restriction to send out money from Turkey. There just daily limitations according by each bank... You can find out details while you open a bank account from particular branch...
Hi Aladdin and the magic camera,,, very critical and a really highly anticipated topic of today's vid,,, my question to Nasrin Q1. I came across this on a Turkish lawyer website and it says: "Turkish residents are subject to income tax on their worldwide income. An individual whose domicile is in Turkey or any person who remains in Turkey more than six months in one calendar year is deemed to be a resident of Turkey" Thus a person becomes Turkish resident for 6 months Then any inbound transfers are subject to Turkish taxes ? Does this condition applicable to foreigners staying on TRP ? Good luck to you with the response 👍
Thanks to both of you on discussing this issue. I believe more sessions are needed to cover this topic. For me there two parts of it.one is about initial period where you buy property and other information that important if you decide to live in Turkey. One question is about bank account security or I should say insurance. In some western countries the government insures up to $100,0000 in each regular bank account like chequing and saving for every bank. Is there such insurance policy in Turkey and what the maximum insured amount? The second question Nasrin may talked about it. Can you open an account without being physically in Turkey?
How about : bank loans; down payment; for eg: in USA. 20% rest is bank loan, but in China now- foreigner can not get loans. Please explore: for eg: 250 k property- I put out 30% downpayment - rest in installments each month- loan period 15 years - 20 years... current bank % interest rate - of course depending on the qualification of the client financial .. Now your programmes more professional with detials - maps and neighborhood specific. good work.
Hi, great content as always :-). I have some questions :- (1) Can I pay for the property by crypto for the citizenship by property investment program? (2) If it's not possible, is there any bank which I could open an account that can accept crypto and then convert it to cash? (3) If both options are not possible, can I open a Turkish bank account, link it to my new crypto wallet or trading account (can set up a new one in minutes), liquidate the crypto into fiat and withdraw via my bank account? Thank you.
you can buy a property using crypto but not for the citizenship , cause the payment for the citizenship should be tracked by the turkish government and cryptos are not in turkey 🙏
The main issue is that most developers do not accept a credit card payment unless you are in the country. There is no payment gateway on their website through which you could pay.
Turkish government should have some sort of law for a scammer I love to buy the property but when come to the reality there is no law no phone number people can’t speak English I love to hear from you Kauser I am one of your subscriber
However, the question is whether the cash you bring in can go towards paying for property and apply for citizenship program. How do you prove that you brought the money with you from abroad. Also, should money be transferred as USD or TL?
Slms. What are the tax rates on the income received on rented property, and what is the estimated return on commercial and residential properties? Can these properties be purchased under a company or property trust name and the directors and shareholders get citizenship or only available for purchase in an individuals name? Can a property be jointly registered under a husband and wifes name and how does that affect the citizenhip application, will it show they each only purchased 125k usd of the required 250k value?
Hi Yusuf Mia. Estimated ROI depends on your property's condition, its location etc. Under current regulations a property, worth $250K, should be registered under say a husband's name and the husband may apply for the Turkish citizenship. The wife, and if there are two under age children (below the age of 18), will automatically be eligible for the citizenship.
Is an account in QNB Finans Bank Turkey eligible to make property payments for citizenship by investment program? Actually I live in Qatar and this bank is owned by Qatar National Bank. I am an account holder in QNB Qatar and it is easier for me to open an account in QNB Finans Bank Turkey and get the tax number in Turkey while sitting in Qatar.
Hi Muhammad, so far all Turkish banks are eligible including the QNB Finans Bank Turkey. Kindly contact our consultant via WhatsApp : wa.me/908505325195, for more information.
1. Who can or cannot open an account in Turkey? What is the minimum requirement for a visitor. You mentioned a contract or tax number. Suppose someone is on a visit and has 30-40 thousand dollars has no intention of signing a contract yet right away. Can he simply walk into HSBC with his passport and request for a dollar account. ?
Turkey quite cryto friendly and bineace which is the world most trustable exchange is also available in turkey and as an option to cash out in Turkish lyria
Dear panel members, south east Asian countries put restrictions on transfer of funds overseas. N such restrictions are imposed by Central Bank not by commercial Banks. May be 1/4 of people which have certain profile, may be able to meet such conditions to be eligible for transfer of funds abroad. Otherwise, here is not matter of Tax in home country for remitting money abroad, it's matter of RESTRICTION by law , so it is just cup of tea, how easily you are telling. You are just aware of Turkish law, but not other country 's law, therefore, thinking & taking it so easy. N what about Turkish law about if some one wants to take money from Turkey, is it same easy as to bring inside ? Pls comment
Yes if i open a turkish bank account and my clients transfer money to my account from china and i am based in dubai as an expat. How will turkish banks see this will this kind of transaction be ok in Turkey.
Any amount transferred in Personal Account of a foreigner, having Bank Account in Turkey, supposed to be his amount as foreign investment, but same amount later transferred to other person's Bank Account, will not support to qualify for citizenship, to second person . Because it does not prove as Foreign Investment for 2nd person , which is basic requirement to apply for citizenship
@@sheikhshuaib4571 do you also mean from anywhere in the world and lets say china as i asked previously. I can transfer amount from china, UA E and my home country in one single turkish account or lets to reach 250000$ limit and its okay.
I sent $100 from US Morgan and Chase bank to Garanti Bank (USD Account). The US Bank charged $7 in fee, and the Granti Bank charged almost half of the amount and in the end the receiver got $70
I need to ask that if a person brings cash and deposit it in turkish bank to go for citizenship route by buying property would the bank ask from which channel u brought that money to turkey? And if the bank wont ask and deposits the money in ur bank account can u use it for citizenship route or u latter u have to hive justifications how u earned and brought that money to turkey? Kind reply is awaited please
Hi Mudassar, the banks generally do not question the origin of the deposit you intend on making. If you're interested in taking the property route you can exit with a considerable appreciation. If you're interested please contact our client advisors via Whatsapp: wa.me/908505325195
I need to ask that if I transfer try in my Turkish account directly equivalent to the 250 or 400k whatever the citizenship criteria amount is, will it be counted or I just need to transfer USD or Euros etc. foreign currencies. if I send USD or Euros I find it double expensive as I have to convert my currency to USD or Euros etc thn after receiving i need to convert again to try, so double conversion charges makes the try more expensive for me.
The people in property turkey have many accents. Alaattin sounds like an American, this lady sounds like German.. and the man who hates beylikduzu sounds like an Englishman.
I started getting massive returns in my investment when I let expert Martina Rodriguez handle my trades. She knows the system inside out. I was so sad after receiving the first pay knowing I invested so low
Amazing to see people who invest with my acct manager. I have earned consistently trading with the assistance of Mrs. Martina Rodriguez My account manager knows the financial market in and out.
With her stop loss and Take profit placed in the right places, I just have to relax and watch my trade move into profitability. I'm really lucky to meet her. She makes trading look so easy.
What about when Turkey, can you pay with your credit card larger amounts? Such as I.e. putting a down payment for a property in the amount of $40,000? Thank you.
Hi Burhan, if you make a down payment with a credit card the Turkish bank will freeze your funds for a period of 6 months. So it is best to consider another option.
Hello there, when buying a property can one transfer money in Turkey from different accounts which aren't under there names,? And also can one transfer half of the money from there account and the rest from a different thats not under their names
Informative Video, please let me know how could we open a bank account in Turkey with out having residential address. Because normally tourist stay in the hotel, we could buy the property when we transfer money in my account in a Turkish bank
is there any banks that allow you to open an account from outside of the country, I have a Tax number now and a property address I just can t get there.
@@danaakal-kawari6924 Hi Dana could you tell me how to obtain a Turkish tax fill number abroad and also is there any way to open a bank account if you are not there in Turky physically I appreciate your time thanks
@@zandadel Sorry I have still not managed to there due to restrictions I am also waiting to open an account . My Lawyer (POA) obtained my tax number when she signed for the deeds.
is this correct info some channels on TH-cam sharing that STATE BANK OF PAKISTAN has restricted sending amount abroad for property buying? kindly confirm.
Central Bank or State Banks of various countries, impose such restrictions to stop the fly of foreign reserves. It is not just in Pakistan but in many countries. It is not matter of just buying of property abroad, even for other purposes it is also restricted, on individual ,case to case basis. Education, health treatment or any other whatsoever reason there, any transfer of funds is supported by documentary evidence, to make it justified. Few thousand US $ transfer is not such restricted subject to valid proved reason but huge amount transfer needs a valid reason and profile of individual. Like if first of all, if some one is Tax Payer, n Secondly he has declared and assessed wealth ( which is called in general White Money) , sure he can transfer any amount , available in his wealth statement. In Pakistan, generally people do not understand this difference. Suppose I am Tax Payer and my Income/Wealth status is assessed by Tax Department, n my wealth after conversion in US $ , is US $ 10 Million, I can transfer this all amount from Pakistan to any country, as this money is officially earned, declared n assessed by Tax Department, then No one even State Bank can not stop me to transfer. So people mostly who live and earn in Pakistan, do not consider such things, even who file Tax Returns, hence their legal money is shown very less, even their wealth is much higher in actual, due to this reason. If you go to transfer money for kids education or any sort of medical treatment, then also you have to provide documentry evidence from such country, to your bank/State Bank. People who are receiving foreign remittances , by doing online work OR receiving from family members, are in more comfortable zone to send money abroad , as their funds are justified. It is also not AS EASY for people doing Import/Export in Pakistan because what they transfer in A FOREIGN Country is a business transaction which is always falls in a corporate Account n Never in PERSONAL ACCOUNT. So, even after occurring such transaction, State Bank inquires in routine , where such money has paid ? Conclusion is that, it is not easy for people in general to transfer huge funds from Pakistan , depending on personal profile. Tried to clarified few basic things. Regards
This is TURKIYE and I am happy you learned how to say banana republic. Talk properly, and look at states where you can't have and bring in more than 10 thousand dollars. KNOW YOUR BANANA REPUBLICS DOLT.
So if I bring a million dollar in cash, not saying I can but good to imagine, can I deposit the full amount in my bank account via cash teller? Are there any additional factors to be considered if trying to deposit cash in turkish bank?
Hi Max, yes. One needs to give Power of Attorney to a Turkish solicitor at the Turkish embassy, where one resides. The solicitor will be representing his/her client here in Turkey throughout the entire CBI procedure and even beyond if the client requires.
@@maxmedia7612 yes, you can open an account and purchase a property from overseas with the help of POA that you’ll give to a Turkish solicitor. For more information kindly reach us at WhatsApp : wa.me/908505325195.
HI Nazrin: I am one of Thodex crypto exchange victims and I live out of Turkey. Do I have to give power to attorney in order to catch back my lost assets out there? Tesekkurler in advance.
Hi Gulf Football Management! We're sorry to hear you lost your crypto assets. Yes, you need to give a power of attorney to a Turkish lawyer so that he represents you here, in Turkey.
sir how to get approval of transfer to finance ministry of turkey I am here in another country I need approval from finance ministry in turkey to transfer my money bank to bank.
Hello Sir, You can open bank account EUR GBP and other currencies in Turkey. TL is the must it is automatically activated while you open a bank account.. You can also use foreign currency transactions from your account..
Admin can you please detele these commet regarding these scam investment commet, all these People are in it scam together , do you own research regarding cryto and invest direct your self in a proper exchange like bineace not these scammer
I don't like the idea giving my attorney power of attorney to buy my property what will stop her or him to buy the property and keep it under their name I just don't trust
Hi Mrs. Ohrid, what you described happens when working with individual and unverified lawyers. This is why we advise our audience to work with reputable and well established law firms and companies. Moreover, you can give your solicitor either an extensive or limited authority to make legal decisions about your property, finances, or healthcare, depending on the terms of your power of attorney.
No tax will be deducted by Turkish government but transferring money from our country will rip half of our pocket 😛.. This time we have government in Pakistan which is the most tax collector in history of Pakistan.
There are restrictions here in Egypt to send money to Turkey . Is there any 3rd party i can use to send money to Turkey ? Not western-union pls they are thieves .
well my wife is Turkish and I applied for the citizenship and should get it soon. However that wont solve the problem since its forbidden to send money from any Egyptian bank to Turkey due to political issues. I wonder if there is any other solution ? Regarding crypto , how can I exchange my crypto inside Turkey to TRY ? Thank you
Pakistan doesn’t allow more then 10 thousand Dollars 💵 while travelling and turkey doesn’t accept hawala (Reference) system so obviously one way to create account in turkey 🇹🇷 first and then back to Pakistan and send money from Pakistan to turkey account in dollar
Central Bank or State Banks of various countries, impose such restrictions to stop the fly of foreign reserves. It is not just in Pakistan but in many countries. It is not matter of just buying of property abroad, even for other purposes it is also restricted, on individual case to case basis. Education, health treatment or any other whatsoever reason there, any transfer of funds is supported by documentary evidence, to make it justified. Few thousand US $ transfer is not such restricted subject to valid proved reason but huge amount transfer needs a valid reason and profile of individual. Like if first of all, if some one is Tax Payer, n Secondly he has declared and assessed wealth ( which is called in general White Money) , sure he can transfer any amount , available in his wealth statement. In Pakistan, generally people do not understand this difference. Suppose I am Tax Payer and my Income/Wealth status is assessed by Tax Department, n my wealth after conversion in US $ , is US $ 10 Million, I can transfer this all amount from Pakistan to any country, as this money is officially earned, declared n assessed by Tax Department, then No one even State Bank can not stop me to transfer. So people mostly who live and earn in Pakistan, do not consider such things, even who file Tax Returns, hence their legal money is shown very less, even their wealth is much higher in actual, due to this reason. If you go to transfer money for kids education or any sort of medical treatment, then also you have to provide documentry evidence from such country, to your bank/State Bank. People who are receiving foreign remittances , by doing online work OR receiving from family members, are in more comfortable zone to send money abroad , as their funds are justified. It is also not AS EASY for people doing Import/Export in Pakistan because what they transfer in A FOREIGN Country is a business transaction which is always falls in a corporate Account n Never in PERSONAL ACCOUNT. So, even after occurring such transaction, State Bank inquires in routine , where such money has paid ? Conclusion is that, it is not easy for people in general to transfer huge funds from Pakistan , depending on personal profile. Tried to clarified few basic things. Regards
When sending to Turkey use the USD transfer option as transferring in TRY can be expensive to the people. As the intermediate bank has some spread on USD to TRY exchange and it will cost dearly to the customer. Also in some cases the intermediate bank holds the money until there is significant spread which is made out of customers money. So better to transfer in USD to turkey.
I expected nazrin to talk about correspondent bank charges (mainly based in US) and in some cases the intermediate bank charges involved in a wire or swift charges, apart from Turkish bank charges. The corresponding bank uses the intermediary bank when the currency is different than USD or the receiving bank doesn’t deal with the corresponding bank. The Turkish bank mainly charges 100 usd for documentation required by the corresponding bank. Usually the corresponding bank can charge up to 100 usd as well.
Great video , my question to her is , how about getting money out of turkey , how does that works , are we allowed to get money out of Turkey freely or there are some restrictions
There is no restriction to send out money from Turkey. There just daily limitations according by each bank... You can find out details while you open a bank account from particular branch...
@@nazrinaliyeva1799 that raised some alarms, daily limitations for withdrawal (ie. from ATM or teller), or daily limitations on TRANSFER , or both?
Hi Aladdin and the magic camera,,, very critical and a really highly anticipated topic of today's vid,,, my question to Nasrin
Q1. I came across this on a Turkish lawyer website and it says: "Turkish residents are subject to income tax on their worldwide income. An individual whose domicile is in Turkey or any person who remains in Turkey more than six months in one calendar year is deemed to be a resident of Turkey" Thus a person becomes Turkish resident for 6 months Then any inbound transfers are subject to Turkish taxes ? Does this condition applicable to foreigners staying on TRP ?
Good luck to you with the response 👍
interested in the response to this.
She was amazing and i must say she was supper good with her explanations
thank you 🙏
I must make it my home this gorgeous country
🙏
Thanks to both of you on discussing this issue. I believe more sessions are needed to cover this topic. For me there two parts of it.one is about initial period where you buy property and other information that important if you decide to live in Turkey. One question is about bank account security or I should say insurance. In some western countries the government insures up to $100,0000 in each regular bank account like chequing and saving for every bank. Is there such insurance policy in Turkey and what the maximum insured amount? The second question Nasrin may talked about it. Can you open an account without being physically in Turkey?
all your questions were noted , we are thinking about making part 2 indeed 🙏
please answer my questions too
"no tax at all...", the most fascinating phrase ever.
How about : bank loans; down payment; for eg: in USA. 20% rest is bank loan, but in China now- foreigner can not get loans. Please explore: for eg: 250 k property- I put out 30% downpayment - rest in installments each month- loan period 15 years - 20 years... current bank % interest rate - of course depending on the qualification of the client financial .. Now your programmes more professional with detials - maps and neighborhood specific. good work.
What if i bring bitcoin and sell it in turkey? And use that cash to purchase property
The Turkish lira is very low compared to stronger currencies.
Hi, great content as always :-). I have some questions :- (1) Can I pay for the property by crypto for the citizenship by property investment program? (2) If it's not possible, is there any bank which I could open an account that can accept crypto and then convert it to cash? (3) If both options are not possible, can I open a Turkish bank account, link it to my new crypto wallet or trading account (can set up a new one in minutes), liquidate the crypto into fiat and withdraw via my bank account? Thank you.
you can buy a property using crypto but not for the citizenship , cause the payment for the citizenship should be tracked by the turkish government and cryptos are not in turkey 🙏
What's the policy of transfer from 3rd country?
The main issue is that most developers do not accept a credit card payment unless you are in the country. There is no payment gateway on their website through which you could pay.
Which bank would you recommend for foreigners in Turkey? Thank you.
Hi Prince, all Turkish banks are good.
Can Nasrin elaborate on the how Turkey views crypto assets.
Definitely next topic we will cover all of what you need
Turkish government should have some sort of law for a scammer I love to buy the property but when come to the reality there is no law no phone number people can’t speak English I love to hear from you Kauser I am one of your subscriber
thats why we always recommend you guys not to look for cheaper offers but for quality companies , thank you so much 🙏
Very informative vlog.
Thanks
Hi Munawar! Glad you enjoyed it!
which bank is best who give us good interest rate in Turkey and best in transferring money from Pakistan?
Hi Sumera, most probably Albaraka (Türk) bank but we would still advise you visit the Turkish banks yourself if you're here, in Turkey.
Difference on tax between Bank transfered amount and personal carried amount
Informatve video. Thanks for sharing useful information.
Glad it was helpful!🙏
However, the question is whether the cash you bring in can go towards paying for property and apply for citizenship program. How do you prove that you brought the money with you from abroad. Also, should money be transferred as USD or TL?
if you're buying for the citizenship , its better to transfer the money in USD 🙏
Thank you so much for this important information.
VAT on property purchase?
Nazrin, you were amazing on camera 😊
thanks , plz do let your audience know about the TRAVELERS CHEQUE trick to carry abroad.
Excellent performance
Thanks for feedback
Thanks brother you are always a great help
Happy to help 🙏
Lots of love from pakistan ......you make us proud.....Allah blessed you
🙏
Slms. What are the tax rates on the income received on rented property, and what is the estimated return on commercial and residential properties?
Can these properties be purchased under a company or property trust name and the directors and shareholders get citizenship or only available for purchase in an individuals name?
Can a property be jointly registered under a husband and wifes name and how does that affect the citizenhip application, will it show they each only purchased 125k usd of the required 250k value?
Hi Yusuf Mia. Estimated ROI depends on your property's condition, its location etc. Under current regulations a property, worth $250K, should be registered under say a husband's name and the husband may apply for the Turkish citizenship. The wife, and if there are two under age children (below the age of 18), will automatically be eligible for the citizenship.
I have 3 kids under 18 and 2 wives vll they be eligible for the citizenship??
Nice vlog keep up the good work really informative 👍
Glad you enjoyed it🙏
Is an account in QNB Finans Bank Turkey eligible to make property payments for citizenship by investment program? Actually I live in Qatar and this bank is owned by Qatar National Bank. I am an account holder in QNB Qatar and it is easier for me to open an account in QNB Finans Bank Turkey and get the tax number in Turkey while sitting in Qatar.
Hi Muhammad, so far all Turkish banks are eligible including the QNB Finans Bank Turkey. Kindly contact our consultant via WhatsApp : wa.me/908505325195, for more information.
No! Your client is wrong. Dollar is going down and the Lira is going up! I mentioned this already back in early November.
Hi bro,thanks for asking the question on be half of the Bangladeshi.
1. Who can or cannot open an account in Turkey?
What is the minimum requirement for a visitor.
You mentioned a contract or tax number.
Suppose someone is on a visit and has 30-40 thousand dollars has no intention of signing a contract yet right away.
Can he simply walk into HSBC with his passport and request for a dollar account. ?
Hey , kindly contact us using this WhatsApp number
+908505325195
@@user-ov2tm2un1r please reply over here so v could know about it
my question is which is best bank in turkey ??????? and second best ????
there is no best and worst bank .
Is there any tax applied recently on USD bank accounts ?
Thanks for watching.
Check our latest Ep about Bodrum:
th-cam.com/video/prMQ6r5IKiY/w-d-xo.html
How much amount turkish Government has guaranteed in case of bankruptcy???
Very very informative discussion
Turkey quite cryto friendly and bineace which is the world most trustable exchange is also available in turkey and as an option to cash out in Turkish lyria
thank you 🙏
Dear panel members, south east Asian countries put restrictions on transfer of funds overseas. N such restrictions are imposed by Central Bank not by commercial Banks. May be 1/4 of people which have certain profile, may be able to meet such conditions to be eligible for transfer of funds abroad. Otherwise, here is not matter of Tax in home country for remitting money abroad, it's matter of RESTRICTION by law , so it is just cup of tea, how easily you are telling. You are just aware of Turkish law, but not other country 's law, therefore, thinking & taking it so easy. N what about Turkish law about if some one wants to take money from Turkey, is it same easy as to bring inside ? Pls comment
Yes if i open a turkish bank account and my clients transfer money to my account from china and i am based in dubai as an expat. How will turkish banks see this will this kind of transaction be ok in Turkey.
I’d also appreciate if you answer this question, Aladdin / Nazrin
Any amount transferred in Personal Account of a foreigner, having Bank Account in Turkey, supposed to be his amount as foreign investment, but same amount later transferred to other person's Bank Account, will not support to qualify for citizenship, to second person . Because it does not prove as Foreign Investment for 2nd person , which is basic requirement to apply for citizenship
@@sheikhshuaib4571 What if I send money directly from my Uae company's Bank account to my own Turkish bank account ?
@@sheikhshuaib4571 do you also mean from anywhere in the world and lets say china as i asked previously. I can transfer amount from china, UA E and my home country in one single turkish account or lets to reach 250000$ limit and its okay.
@@Ahn-n4i yes, you can do, as it is via banking channel, n UAE policy is enough relaxed in this regard
I think it would first be better to have a legal vehicle for such dealings, perhaps a Trust, Corporation or Foundation.
You can watch our latest episode about it on our channel.
Thanks for watching.
I sent $100 from US Morgan and Chase bank to Garanti Bank (USD Account). The US Bank charged $7 in fee, and the Granti Bank charged almost half of the amount and in the end the receiver got $70
Revolut?
Some name to name, you can send up to 30K in a single transfer for $29.99. Ask me how
@@gianinepreuss9999 how???
ma sha Allah nasrin absolutely beautiful and very interesting topic my dear
Thanks for watching 🙏
I need to ask that if a person brings cash and deposit it in turkish bank to go for citizenship route by buying property would the bank ask from which channel u brought that money to turkey? And if the bank wont ask and deposits the money in ur bank account can u use it for citizenship route or u latter u have to hive justifications how u earned and brought that money to turkey? Kind reply is awaited please
Hi Mudassar, the banks generally do not question the origin of the deposit you intend on making. If you're interested in taking the property route you can exit with a considerable appreciation. If you're interested please contact our client advisors via Whatsapp: wa.me/908505325195
Question for you guys; if I transfer Euroes to my own Turkish account, will they automatically be converted to Lira or can I keep my money in Euroes?
Hi, thanks for the question. Yes, you can open up a foreign currency account to keep your foreign currencies.
@@user-ov2tm2un1r Thanks for the quick reply. Follow-up question if you don't mind. Are the foreign currency accounts also eligible to interest?
@@hatimnoli There are but the interests are really low.
@@user-ov2tm2un1r could you write what is % of interest rates in Turkish banks?
I need to ask that if I transfer try in my Turkish account directly equivalent to the 250 or 400k whatever the citizenship criteria amount is, will it be counted or I just need to transfer USD or Euros etc. foreign currencies. if I send USD or Euros I find it double expensive as I have to convert my currency to USD or Euros etc thn after receiving i need to convert again to try, so double conversion charges makes the try more expensive for me.
Please help and let me know the cheaper way out of it please
The people in property turkey have many accents. Alaattin sounds like an American, this lady sounds like German.. and the man who hates beylikduzu sounds like an Englishman.
Hi Laughing Hyena, your comment is living up to your TH-cam name and made us laugh too.
Hello, if I want to buy a house can I use a credit card from other contry to pay part of the houde? (visa martercard)
hey , yes you can 🙏
Can you send me your number
Great info. Thanx guys
🙏🏼
Money Transfer from Bangladesh???
useful information thank you
can you suggest us which is the best bank for foreigners in Turkey
By the name you romanian??
Depends on your situation 🙏
Dear, make video mandatory in Urdu on this topak, transfer payment se legal or bank
Which bank is best with least fees? And best exchange rates? I'm sending from UK and wanted to open a GBP and lira account
@@scottmelker1193 you guys lied, healthcare is not free for citizens 65+
I started getting massive returns in my investment when I let expert Martina Rodriguez handle my trades. She knows the system inside out. I was so sad after receiving the first pay knowing I invested so low
You kidding lol, I'm currently on my 4th trade with her. Her strategies and expertise's mind blowing, detailed to the core.
Amazing to see people who invest with my acct manager. I have earned consistently trading with the assistance of Mrs. Martina Rodriguez My account manager knows the financial market in and out.
With her stop loss and Take profit placed in the right places, I just have to relax and watch my trade move into profitability. I'm really lucky to meet her. She makes trading look so easy.
@@peace1696 reach her by tele--gram via
Username @Investwithmartina.
What about when Turkey, can you pay with your credit card larger amounts? Such as I.e. putting a down payment for a property in the amount of $40,000? Thank you.
Hi Burhan, if you make a down payment with a credit card the Turkish bank will freeze your funds for a period of 6 months. So it is best to consider another option.
UK is 1000 GBP or you need to explain it
Hello there, when buying a property can one transfer money in Turkey from different accounts which aren't under there names,? And also can one transfer half of the money from there account and the rest from a different thats not under their names
Hi Rob, one can transfer funds from different/someone else's account to one's own account and can do it in two or more payments too.
@@user-ov2tm2un1r okay thank you, so for that you first need to have a Turkish bank account
Is there restrictions in Turkey to sent money from Turkey to India please help
Not that we know of, Nif. You may want to look up Western Union and see if it's present in the particular area in India you're sending it to.
Even some country they don't alwaod to send any hard currency to anther country
how much in dollar amount a Turkish citizen can remit outside of Turkey (for different reasons)?
hey , we advise you to check with a lawyer 🙏
Very good Topic
thank you 🙏
We in Norway not allowed to transfer money abroad in bags, Govt. allow the money transfer through bank.
hey , money can also be transferred through banks 🙏
Hello we are afraid of turkish lira going to 20 per euro
Can I open bank account in turkey online without visiting Bank in Istanbul Turkey.
hey , unfortunately you can not .
Can I obtain mortgage from a bank in turkey to purchase property?
hey , kindly check our blog to answer all your mortgage related questions
www.propertyturkey.com/blog-turkey/can-a-foreigner-get-a-mortgage-in-turkey
Unfortunately, in China u can in no way send money abroad above 50 thousand Dollars per yr.
Hey guys, Turkan is working in this company.
Informative Video, please let me know how could we open a bank account in Turkey with out having residential address. Because normally tourist stay in the hotel, we could buy the property when we transfer money in my account in a Turkish bank
hey , there is one bank where you can with only your passport and tax number , its called Albaraka bank 🙏
is there any banks that allow you to open an account from outside of the country, I have a Tax number now and a property address I just can t get there.
@@danaakal-kawari6924 Hi Dana could you tell me how to obtain a Turkish tax fill number abroad and also is there any way to open a bank account if you are not there in Turky physically I appreciate your time thanks
@@zandadel Sorry I have still not managed to there due to restrictions I am also waiting to open an account . My Lawyer (POA) obtained my tax number when she signed for the deeds.
@@user-ov2tm2un1r can this be done remotely though from the UK?
is this correct info some channels on TH-cam sharing that STATE BANK OF PAKISTAN has restricted sending amount abroad for property buying?
kindly confirm.
Central Bank or State Banks of various countries, impose such restrictions to stop the fly of foreign reserves. It is not just in Pakistan but in many countries.
It is not matter of just buying of property abroad, even for other purposes it is also restricted, on individual ,case to case basis.
Education, health treatment or any other whatsoever reason there, any transfer of funds is supported by documentary evidence, to make it justified.
Few thousand US $ transfer is not such restricted subject to valid proved reason but huge amount transfer needs a valid reason and profile of individual.
Like if first of all, if some one is Tax Payer, n Secondly he has declared and assessed wealth ( which is called in general White Money) , sure he can transfer any amount , available in his wealth statement.
In Pakistan, generally people do not understand this difference. Suppose I am Tax Payer and my Income/Wealth status is assessed by Tax Department, n my wealth after conversion in US $ , is US $ 10 Million, I can transfer this all amount from Pakistan to any country, as this money is officially earned, declared n assessed by Tax Department, then No one even State Bank can not stop me to transfer.
So people mostly who live and earn in Pakistan, do not consider such things, even who file Tax Returns, hence their legal money is shown very less, even their wealth is much higher in actual, due to this reason.
If you go to transfer money for kids education or any sort of medical treatment, then also you have to provide documentry evidence from such country, to your bank/State Bank.
People who are receiving foreign remittances , by doing online work OR receiving from family members, are in more comfortable zone to send money abroad , as their funds are justified.
It is also not AS EASY for people doing Import/Export in Pakistan because what they transfer in A FOREIGN Country is a business transaction which is always falls in a corporate Account n Never in PERSONAL ACCOUNT. So, even after occurring such transaction, State Bank inquires in routine , where such money has paid ?
Conclusion is that, it is not easy for people in general to transfer huge funds from Pakistan , depending on personal profile.
Tried to clarified few basic things. Regards
kindly check with the nearest state bank to you for a more comprehensive answer 🙏
Can the power of attorney to the lawyer in Turkey open a bank account for us?
good question, I'd like to know the answer to this as well.
@@danaakal-kawari6924 yes
Yes u can
it depends on what kind of power of attorney you made , but once you make the right one he will be able to open a bank on your behalf 🙏
i have property purchase and registration of utilities only I d need a specific one so I ll leave it until I can get there. 🙏
This is TURKIYE and I am happy you learned how to say banana republic. Talk properly, and look at states where you can't have and bring in more than 10 thousand dollars. KNOW YOUR BANANA REPUBLICS DOLT.
3:45 money restriction between airports. Turkey unlimited
Thanks for feedback
Great information
Glad you think so!🙏
Interesting information!
Thanks for watching!🙏
Very will done good episode
thank you 🙏
So if I bring a million dollar in cash, not saying I can but good to imagine, can I deposit the full amount in my bank account via cash teller? Are there any additional factors to be considered if trying to deposit cash in turkish bank?
you can deposit the amount you want in your bank account 🙏
Hi, it‘s a great video, appreciate. Can I transfer money from HSBC -Deutschland when I‘m in Turkey ?
Can one open a bank account in Turkey for CBI Program without physically visiting the country?
Hi Max, yes. One needs to give Power of Attorney to a Turkish solicitor at the Turkish embassy, where one resides. The solicitor will be representing his/her client here in Turkey throughout the entire CBI procedure and even beyond if the client requires.
So that means account can be opened through a Turkish solicitor without visiting Turkey. Thanks for your response
@@maxmedia7612 yes, you can open an account and purchase a property from overseas with the help of POA that you’ll give to a Turkish solicitor. For more information kindly reach us at WhatsApp : wa.me/908505325195.
HI Nazrin: I am one of Thodex crypto exchange victims and I live out of Turkey. Do I have to give power to attorney in order to catch back my lost assets out there? Tesekkurler in advance.
Hi Gulf Football Management! We're sorry to hear you lost your crypto assets. Yes, you need to give a power of attorney to a Turkish lawyer so that he represents you here, in Turkey.
Informative vedio, thanks
Good job
Thanks🙏
V important topic,
🙏
@@user-ov2tm2un1r, Dear, make video mandatory in Urdu on this topak, transfer payment se legal or bank
part 2 needed.can you open a bank acount and not live in turkey
hey , yes you can 🙏
sir how to get approval of transfer to finance ministry of turkey
I am here in another country I need approval from finance ministry in turkey to transfer my money bank to bank.
Kindly contact us using this WhatsApp number
+908505325195
3:05 does anyone do this: by lawyer, buy in your name etc? Are they trustworthy
Thanks for watching
Dear, can I open a bank account in Euro ?
Yes in Turkey you can open USD OR TL OR GBP OR EUR OR......
@@mahdemahde6359 THX
Yes you can!🙏
Hello Sir, You can open bank account EUR GBP and other currencies in Turkey. TL is the must it is automatically activated while you open a bank account.. You can also use foreign currency transactions from your account..
Please provide your service in our country to transfer money from Pakistan in order to do legally transfer.
Can you open a bank account without coming to Turkey
Hi Asghar! You may open a bank account with an Apostille or with a Power of Attorney through the Turkish Consulate in your country of residence.
@@user-ov2tm2un1r many thanks!
Admin can you please detele these commet regarding these scam investment commet, all these People are in it scam together , do you own research regarding cryto and invest direct your self in a proper exchange like bineace not these scammer
Best way is bring bitcoin to Turkey. Much better and in Turkey market pays a premium for that. Much better than bring cash. Cash is Trash (Ray Dalio)
How can u cash your bitcoin in Turkey? Do u need an exchange account?
@@ashvoj there are 3 brokers, stores in Istanbul... Many ways
I don't like the idea giving my attorney power of attorney to buy my property what will stop her or him to buy the property and keep it under their name I just don't trust
Hi Mrs. Ohrid, what you described happens when working with individual and unverified lawyers. This is why we advise our audience to work with reputable and well established law firms and companies. Moreover, you can give your solicitor either an extensive or limited authority to make legal decisions about your property, finances, or healthcare, depending on the terms of your power of attorney.
No tax will be deducted by Turkish government but transferring money from our country will rip half of our pocket 😛.. This time we have government in Pakistan which is the most tax collector in history of Pakistan.
Love u sooooo much Aladdin
🙏
There are restrictions here in Egypt to send money to Turkey .
Is there any 3rd party i can use to send money to Turkey ? Not western-union pls they are thieves .
hey , if you're not thinking about getting the citizenship , you can use crypto
well my wife is Turkish and I applied for the citizenship and should get it soon. However that wont solve the problem since its forbidden to send money from any Egyptian bank to Turkey due to political issues.
I wonder if there is any other solution ?
Regarding crypto , how can I exchange my crypto inside Turkey to TRY ?
Thank you
You will soon, in the next 5-10 years, have a influx of crypto currency millionaires. I hope Turkey will allow them to buy property without a bank.
Let's see MU Ahmed. Please contact our customer service for more information via Whatsapp: wa.me/908505325195
My bank deducted 1000 dollars. AlBaraka bank
Hi Rose, thank you for sharing! It'll help our viewers when selecting a bank in Turkey.
I want to transfer money from Pakistan to Turkey
Can you send me your number
VISIT PAKISTAN PLEASE
soon 🙏
Never even attempt to send money to a Turkish bank, it won't get there!
Thanks for feedback
Pakistan doesn’t allow more then 10 thousand Dollars 💵 while travelling and turkey doesn’t accept hawala (Reference) system so obviously one way to create account in turkey 🇹🇷 first and then back to Pakistan and send money from Pakistan to turkey account in dollar
Central Bank or State Banks of various countries, impose such restrictions to stop the fly of foreign reserves. It is not just in Pakistan but in many countries.
It is not matter of just buying of property abroad, even for other purposes it is also restricted, on individual case to case basis.
Education, health treatment or any other whatsoever reason there, any transfer of funds is supported by documentary evidence, to make it justified.
Few thousand US $ transfer is not such restricted subject to valid proved reason but huge amount transfer needs a valid reason and profile of individual.
Like if first of all, if some one is Tax Payer, n Secondly he has declared and assessed wealth ( which is called in general White Money) , sure he can transfer any amount , available in his wealth statement.
In Pakistan, generally people do not understand this difference. Suppose I am Tax Payer and my Income/Wealth status is assessed by Tax Department, n my wealth after conversion in US $ , is US $ 10 Million, I can transfer this all amount from Pakistan to any country, as this money is officially earned, declared n assessed by Tax Department, then No one even State Bank can not stop me to transfer.
So people mostly who live and earn in Pakistan, do not consider such things, even who file Tax Returns, hence their legal money is shown very less, even their wealth is much higher in actual, due to this reason.
If you go to transfer money for kids education or any sort of medical treatment, then also you have to provide documentry evidence from such country, to your bank/State Bank.
People who are receiving foreign remittances , by doing online work OR receiving from family members, are in more comfortable zone to send money abroad , as their funds are justified.
It is also not AS EASY for people doing Import/Export in Pakistan because what they transfer in A FOREIGN Country is a business transaction which is always falls in a corporate Account n Never in PERSONAL ACCOUNT. So, even after occurring such transaction, State Bank inquires in routine , where such money has paid ?
Conclusion is that, it is not easy for people in general to transfer huge funds from Pakistan , depending on personal profile.
Tried to clarified few basic things. Regards