Seeking Safety in Turkey: How Conflict Refugees Can Legally Transfer Wealth and Start a New Life

In today’s unpredictable world, armed conflicts, regional instability, and economic collapse are forcing many people to leave their home countries in search of safer places.

From Ukraine and Gaza to Sudan and other regions, many individuals who have wealth, even if it is not in liquid form, are looking for new homes where both their safety and their assets can be protected.

For many, Türkiye stands out as one of the most practical and accessible destinations. As a country that connects East and West, Türkiye offers not only a strong strategic location but also a legal system that supports people who need immediate refuge and financial stability.

Why Türkiye is a Safe Haven for Wealthy Individuals Fleeing Conflict

Türkiye is considered a stable and militarily strong nation. It remains neutral in many of the current global conflicts and does not suffer from the chaos experienced in war-torn regions.

Thanks to its growing infrastructure, NATO membership, and modern banking and legal systems, Türkiye offers a sense of security that few countries in the region can match.

In particular, Türkiye welcomes foreign investors with open arms. The country grants both residence permits and Turkish citizenship to individuals who make qualifying investments.

While bank transfers and capital flow into Türkiye are regulated, many individuals fleeing conflict do not have the luxury of making traditional wire transfers, especially when international sanctions, frozen accounts, or failed governments block outbound transfers.

This is where Türkiye's legal exemptions regarding personal valuables become essential.

Legally Bringing Personal Valuables into Türkiye

Türkiye offers one of the most flexible customs frameworks in the region for travelers bringing in personal belongings.

According to Turkish customs law, individuals entering the country are allowed to bring in a wide range of personal items without customs duties—so long as these items are for personal use and not deemed commercial.

Valuable personal items such as:

• Luxury wristwatches (e.g., Rolex, Patek Philippe)

• High-end handbags (e.g., Hermès, Chanel)

• Gold jewelry and small bullion pieces

• Precious stones

• Collectible items (e.g., rare coins, vintage goods)

are generally exempt from declaration if they are part of one’s personal effects. As long as these items are carried on the person or in personal luggage and not brought in large, suspicious quantities, they fall under customs exemptions for “personal belongings.”

This provides an essential lifeline to those unable to send funds through banks but still possessing real portable wealth.

Selling Valuables and Converting to Cash

Once these valuable items are brought into Türkiye legally, their owners can convert them into cash. The local market in Türkiye, especially in big cities like Istanbul, Ankara, and İzmir, has a strong second-hand luxury scene.

You can find many high-end jewelry stores, gold exchanges, auction houses, and shops that sell second-hand luxury goods.

Bayraktar Attorneys regularly assists clients in:

• Finding reputable buyersfor personal valuables to avoid fraud or undervaluation.

• Preparing sale contractsor consignment agreements to maintain legal clarity.

• Reporting large cash acquisitionsto the relevant Turkish financial institutions to ensure compliance.

• Opening Turkish bank accountsto deposit the proceeds safely.

• Structuring subsequent investmentsto qualify for a residence permit or Turkish citizenship.

We do more than just help you enter the market. We make sure your rights are protected, your transactions are clearly documented, and your money is fully handled within the Turkish legal system.

Using the Proceeds for Residency or Citizenship

Once the valuables are sold and converted to Turkish Lira or a foreign currency account in Türkiye, these funds can then be legally used for:

• Purchasing real estateworth at least $200,000 for a residence permit, or $400,000 for Turkish citizenship.

• Making fixed-term bank depositsof at least $500,000 for 3 years, which qualifies for Turkish citizenship.

• Establishing a businessin Türkiye with a minimum capital of $500,000 or hiring 50 employees.

• Investing in Turkish government bonds, real estate investment funds, or venture capital funds.

Our law firm provides turnkey support for all of the above pathways.

Türkiye’s Strategic Legal Position in a Global Crisis

With growing fears of global conflict, including the risk of a third world war, Türkiye stands out as a country with a strong location, a stable legal system, and solid military protection.

Its history of staying neutral in many international issues and its strong diplomatic connections with different parts of the world make it a smart backup option for foreign nationals facing uncertainty in their own countries.

Unlike many Western countries, Türkiye does not treat people differently based on their nationality when it comes to owning property or making investments. More importantly, it offers a clear legal path to citizenship through investment. This can be both a safety net and a smart long-term plan for you and your family.

Why Clients Choose Bayraktar Attorneys

Bayraktar Attorneys is a leading law firm in İstanbul assisting high-net-worth individuals and families from conflict-affected regions. We have helped clients from:

• Middle Eastern countries blocked by sanctions

• African countries with unstable banking systems

• Eastern European nationals fleeing war and political turmoil

We handle the full spectrum of legal services, including:

• Legal customs compliancefor personal belongings

• Legal sales agreementsfor asset liquidation

• Real estate and investment assistance

• Bank account opening

• Citizenship application filing and follow-up

• Representation in front of Turkish government authorities

We understand the urgency, sensitivity, and confidentiality such situations demand.

Conclusion

In times of geopolitical crisis, Türkiye remains one of the rare countries where wealth preservation, personal safety, and legal migration intersect.

If you or your family need to relocate urgently but are limited by financial transfer restrictions, bringing personal valuables and converting them into local investments in Türkiye may offer a life-changing solution.

At Bayraktar Attorneys, we’re ready to support you from the moment you land in Türkiye to the final stage of your residence or citizenship acquisition.

Let our team help you turn uncertainty into opportunity, in a legal, safe, and efficient way.