Corporate bank account in Turkey

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We are happy to assist you with a non-resident corporate bank account opening. Here are some information you should know about the process.

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Identification method

A company shareholder or an authorized attorney should come to Istanbul to visit the bank personally.

This is a pre-scheduled meeting and we will kindly accomplish you and assist you until you get your company's bank account opened.

Required documents

Here is a basic list of documents, which you should prepare to open your bank account in Turkey if you are a foreign legal entity:

Articles of Association | Memorandum | Bylaws

1.

Register Extract | Certificate of Incumbency

2.

Certificate of Incorporation

3.

Tax Board | Tax certificat

4.

Company licenses/certifications

5.

Power of Attorney (if applicable)

6.

Business profile describing your planned transactions, their volume etc. (we provide you a questionnaire)

7.

Personal documents for each of the company officials (directors, shareholders, UBOs, attorneys)

Passport

8.

Address proof (utility bill or national ID card)

9.

In case of corporate shareholder(s) the set of documents above is required for each legal entity in the structure.

Important

Procedure

Documents and information review; initial KYC, KYB and sanctions check; set up your profile and submitting full documents set to the bank for pre-approval of your company's business bank account.

For pre-approval, you should send us all the documents in scan copies and fill in a questionnaire. The documents should be in English, if not, English translation (no certification) should be provided.

Waiting time to get a reply from the bank after submitting the entire file is 7 to 10 working days

If you pass pre-approval successfully, the full documents set should be certified by Apostille or Consulate and send to our office in Istanbul

Getting this we give the set to the Turkish certified translator and Notary in order to submit the certified copies set to the bank

Normally it takes 5-10 working days depending on the volume of your files.

We schedule a meeting with the bank in order to open your company's bank account. Normally it takes from two to four hours to set up everything and you have your account opened the same day.

Which means that they can only get their pre-approval to the company's business therefore the risk of rejection related to the physical persons involved still exist.

Meanwhile we try to avoid it doing full KYC report for each company's official, therefore you could know in advance if such risk appears in your case.

Due to the specific compliance system in Turkey, the bank will be able to check the company's officers only after onboarding.

Important note

STEP 1. Review and pre-approval

STEP 2. Full documents set

STEP 3. Visit to Istanbul

Our fees

Low/middle risk business profile

AND

Straight ownership/management structure of the company

EUR 2500

High risk business profile

OR

Complicated ownership/management structure of the company

EUR 3000

High risk business profile

AND

Complicated ownership/management structure of the company

EUR 3500

Order

Translation and notary expenses are not included in the price. You will know your price in advance as soon as we get the full set that requires the bank.

Important

In order to save your time and money we might recommend getting your pre-approval first:

Please note that this amount is non-refundable. If you succeed with pre-approval and willing to proceed, the pre-paid amount will be deducted from your final invoice for our assistance services.

SPECIAL OFFER

Straight ownership/management structure of the company

EUR 200