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.
STEP 1. Review and pre-approval
STEP 2. Full documents set
STEP 3. Visit to Istanbul