| Account type | Price | Preparation of documents |
| Persons for physical | $200 dollars | All inclusive |
| Persons for physical from a distance |
On request | All inclusive |
| For the jury. persons (Turkish Companies) | On request | All inclusive
|
| For the Jury. persons (Foreign Companies) | On request | All inclusive
|
“Payment methods: Cash, to an account at the Bank of the Russian Federation (rubles), Golden Crown and Cryptocurrency”
People who are not Turkish citizens are considered foreigners regardless of their status or origin. They are subject to the provisions of the law regarding foreigners in this regard. Opening a bank account for foreigners is a difficult task in many ways. Many foreigners who study in Turkey, live in Turkey, want to invest and open a company, want to buy real estate, want to send money to their family in Turkey, etc. are learning how to open a bank account.
In our article, we will touch on how foreigners can open a bank account, bank account opening requirements for foreigners, required documents and application process, bank account opening procedures for foreign companies, bank opening requirements. Account and some banks’ practices in obtaining Turkish citizenship through investment, as well as other important details of the subject. We recommend that you read the article carefully to understand the process correctly.
IMPORTANT! A: In practice, every bank requests additional documents to the documents we will discuss below. In addition, in the form of a letter, especially for foreign companies, they ask for the company’s profile and resume, previous work and the reason for opening an account. Therefore, when making applications, we first meet with the banks and determine what the additional documents will be, get the bank’s approval to open an account and then invite our client to sign.
When a foreigner opens a bank account in Turkey, he/she can access this account whenever he/she wants and will have a more economical option in terms of money transfer. A foreigner can shop in Turkey with this bank card. This card can also be used for online shopping. However, opening a bank account does not automatically mean getting a credit card. Because having a credit card in Turkey is more strict than having a bank account.
Foreign companies may need to open a bank account in Turkey for various reasons. The legal procedures that foreign companies must follow when opening a bank account in Turkey can be listed as follows:
A bank account can be opened by an authorized person on behalf of the company, such as a director, partner, etc. who can perform legal transactions on behalf of the company. As with opening a personal bank account, a tax number must be obtained for the company before applying for an open account. However, a company that obtains a tax number does not need to be doing business in Turkey. Every company with a registered address can request this tax number from the tax office. This tax number does not mean that the company will pay taxes. In order to open a bank account for foreign companies; the company charter, an extract from the chamber of commerce record, founding documents and field of activity are required. A person authorized to open a bank account on behalf of the company can apply to open an account at any bank, together with the documents mentioned above, documents regarding the account in which the account is to be opened, tax number and residence. Banks operating in Turkey have a more tolerant approach towards foreign companies and provide ease of opening a bank account.
The procedures and conditions we mentioned are the minimum requirements that must be met in practice. Banks may create additional conditions at their own discretion. Many banks are reluctant to open bank accounts for companies and individuals with international problems. Since there are differences between banks when opening a bank account, participation banks may also differ from ordinary banks. It should also be noted that it is very difficult for citizens and companies of countries such as Iran and Afghanistan to open a bank account. The reason given is that banks do not open accounts that can finance international terrorism or violate the American embargo. Opening a bank account is basically a few hours that they will spend at the bank. Nevertheless, it may take time to fulfill the conditions mentioned above. In particular, the procedures for applying to banks, obtaining preliminary approval, filling out additional documents, and providing a residence address can be more complicated and take a little longer in some cases. One of the main factors affecting the time it takes to open a bank account for foreigners is undoubtedly the legal advice of an experienced foreigners consultant. Aliens Consultant follows the process quickly and efficiently, providing a positive effect on time. Of course, the legal advice of an experienced consultant in foreign affairs affects the time it takes to open a bank account for foreigners. Aliens Consultant provides a positive impact on time by following the process quickly and efficiently. Of course, what affects the bank account opening period for foreigners is the legal consultancy of an experienced consultant in foreign affairs. Aliens Consultant provides a positive impact on time by following the process quickly and efficiently.
Obtaining Turkish citizenship through investment is generally a subject that attracts great interest from foreigners. Especially since 2018, the conditions for obtaining Turkish citizenship through investment have been significantly simplified. Accordingly, interest in Turkish citizenship through investment has increased. Obtaining Turkish citizenship through investment is not the subject of this article. For detailed information on this subject, you can refer to our article titled Turkish Citizenship through Investment. However, in general, some capital investments grant citizenship rights to foreigners. These investments are also made through banks in Turkey. Accordingly, foreigners who want to become Turkish citizens through investment must open a bank account.
As everyone knows, a Russian military special operation began in Ukraine in 2022, and in connection with this situation, some embargoes and sanctions were imposed on Russia and Russian citizens. For this reason, it has become difficult for Russian citizens to do business in many countries, and even to open a bank account.
From our work, we understand that the vast majority of Turkish banks comply with these sanctions and do not open bank accounts for Russian citizens. Only a few banks in Turkey allow Russians to open bank accounts. These banks have stricter rules than before. Therefore, it would be more beneficial for Russian citizens to open a bank account in Turkey with an experienced consultant.