Foreigners bring raw gold to Turkey to exchange it for real estate and citizenship

Foreigners bring raw gold to Turkey to exchange it for real estate and citizenship

More and more foreigners from the Middle East bring raw gold in their luggage to Turkey (the permitted amount is five kilograms) in order to use the proceeds to buy real estate in Turkey and obtain citizenship for the whole family as an investor. Foreigners received the right to carry with them during the flight up to five kilograms of gold sand or ingots in March 2020. Turkey has taken such measures for residents of countries where it is very complicated to transfer money (Iran, Afghanistan, Bangladesh and other countries). Five kilograms of raw gold costs about $316,000 in Turkey and you need to buy real estate in Turkey for $ 250,000 to get Turkish citizenship for the whole family. Thus, travelers who bring gold to Turkey receive citizenship in the Republic, their own home and a certain amount of money for life.

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