Foreigners wishing to invest, reside, or establish a business in Turkey need to open a bank account to carry out financial transactions. Anyone living in Turkey or abroad can open a bank account in Turkey. Although the procedures for opening a bank account may vary from bank to bank, there are some essential steps that must be followed.
As Fidelis Law Office, our expert team manages the bank account opening processes for our clients. If you wish to open a bank account in Turkey, you can contact us.
STEPS TO OPEN A BANK ACCOUNT IN TURKEY
1- Obtaining a Potential Tax Number
To open a bank account in Turkey, you must first have a Potential Tax Number. This number can be obtained through the Tax Offices in Turkey. You can get your Potential Tax Number by visiting the Tax Office or online. Additionally, it can also be obtained through a power of attorney. If you have never entered Turkey and do not plan to come soon, you can give a power of attorney to a lawyer, who can obtain the Potential Tax Number on your behalf.
2- Passport Translation
Secondly, if you will not be participating in the account opening process, your passport needs to be scanned and translated. Our team of expert lawyers can quickly translate your passports.
3- Visiting the Bank to Open an Account
The third and final step in opening a bank account in Turkey is to visit the bank to open the account. Our expert team will ensure a smooth account opening process at the banks we have worked with for years. While some banks may require a residence permit to open a bank account, we have several options that do not require a residence or work permit. Additionally, thanks to our strong connections with banks, you will have access to online banking for your account.
IS A RESIDENCE PERMIT OR WORK PERMIT REQUIRED TO OPEN A BANK ACCOUNT IN TURKEY?
No. You do not need a residence permit to open a bank account in Turkey. Although some banks may request a residence permit to open an account, the banks we collaborate with will not require a residence or work permit.
CAN I ACCESS MY ACCOUNT FROM ABROAD?
Yes, you can access your account from anywhere in the world through online banking. Even if you are not in Turkey and we open your account with a Power of Attorney (PoA), we will provide you with the online banking password, allowing you to access your account.
WHAT TYPES OF ACCOUNTS CAN I OPEN IN TURKEY?
When opening a bank account in Turkey, you can choose from many types of accounts. Some of the accounts you can open include:
- Current Account
- Savings Account
- Eurobond Account
- Sukuk Account
- Gold Account
- Participation Account
- Corporate Account
- Joint Account
If you need reliable and reliable assistance in opening a bank account in Turkey, you can contact me via Whatsapp or the following contact information . Our expert lawyer will be happy to assist you.
