If you have established a business or plan to set up a company in Turkey, you will need to open a company bank account in Turkey. This process is essential for daily operations, tax compliance, and international trade. Our English-speaking Turkish lawyers guide foreign investors through the process with clarity and speed.
Why You Need a Corporate Bank Account in Turkey
A Turkish corporate bank account is legally required for company transactions, paying taxes, receiving payments, and maintaining financial transparency. Without it, a company cannot function officially or engage in import-export activities.
Documents Required to Open a Company Bank Account in Turkey
- Company registration documents (Chamber of Commerce certificate)
- Tax ID number for the company
- Company signature circular (İmza Sirküsü)
- Passport or Turkish ID of the authorized signatory
- Board resolution (if required by the bank)
Which Banks Are Best for Foreign-Owned Companies?
Our Turkish law firm recommends banks that regularly work with foreign shareholders:
- Garanti BBVA – Strong English-speaking staff
- İşbank – Robust corporate banking support
- Yapı Kredi – Efficient for international transfers
- HSBC Turkey – Trusted for import-export operations
Can You Open a Bank Account Remotely?
Yes, but it requires a notarized power of attorney and certain banks may request in-person verification. Our English-speaking lawyers in Turkey assist foreign clients with remote bank account openings via authorized representation.
Common Issues Faced by Foreign Companies
- Language barriers with bank officials
- Missing documentation or translation delays
- Bank refusal due to lack of Turkish residency
Our Turkish lawyer firm proactively resolves these issues, ensuring your business banking is compliant and efficient.
Frequently Asked Questions (FAQs)
- Can a foreign company open a Turkish bank account? Yes. A Turkish-registered company with foreign ownership can open a corporate bank account with the right legal documents.
- Do I need to be in Turkey to open a company bank account? No. A power of attorney given to your Turkish lawyer allows remote bank account opening.
- What if my company is not yet fully registered? Most banks require the company to be fully registered. We recommend completing the company formation first.
- Are there English-speaking bank branches in Turkey? Yes. Especially in Istanbul, Ankara, and Izmir. Our firm helps connect you with the right branches.
- What are the banking fees for foreign companies in Turkey? They vary by bank, but are typically competitive. We guide clients in selecting banks with favorable rates.
- Can a Turkish law firm assist in opening my bank account? Absolutely. At ER&GUN&ER, we act on behalf of clients to open accounts, prepare documents, and liaise with banks.
- Which Turkish bank is best for import-export companies? HSBC and İşbank are highly recommended for international trade clients. We work closely with both.
- Why choose ER&GUN&ER Law Firm? We are one of the best law firms in Turkey serving foreign companies with full legal and banking support.
At ER&GUN&ER Law Firm, we ensure your business banking in Turkey is set up fast, legally, and in full compliance with Turkish regulations.
Related topic: Company Formation in Turkey