Corporate Account in Turkey in 2025
Turkey is an attractive jurisdiction for doing business due to its strategic location, stable economy, and access to markets in Europe and Asia. Opening a corporate account in Turkish banks or payment systems allows foreign companies to manage their financial operations, make transfers, and work with local counterparts.
There are several main options for opening a corporate account in Turkey for foreign companies:
- Turkish Banks: The most common option is opening a corporate account in one of the major Turkish banks. This includes both traditional banks and specialized financial institutions.
- Turkish Payment Systems: An alternative to traditional banks are Turkish payment systems that offer corporate accounts with online banking and the ability to make fast transfers.
Features of the Account Opening Procedure
Documents Required to Open an Account:
- Company’s charter
- Passport and identification documents of directors and founders
- Business license (if applicable)
- Company financial statements
- Tax Identification Number (TIN) of the company registered in Turkey
- Company address in Turkey (local office or legal address)
Bank Requirements
Some Turkish banks require the owners or directors of the company to be physically present at the time of account opening. It is also important to note that the procedure may take several days or weeks depending on the chosen bank and the complexity of the operations.
Minimum Deposits
Some banks may require a minimum deposit to open an account, which varies depending on the bank.
Online Banking Services
Most Turkish banks provide corporate clients with access to online banking, which facilitates account management, transfers, and bill payments.
Top Turkish Banks and Payment Systems for Opening a Corporate Account
Ziraat Bankası — One of the largest and oldest banks in Turkey. Ziraat Bankası offers convenient conditions for opening corporate accounts for foreign companies, with online banking services and a wide range of financial services.
Garanti BBVA — One of the most popular banks for corporate clients in Turkey. Garanti BBVA offers a wide range of business services, including international transfers and convenient account management through online banking. This bank is also known for its strong reputation among foreign investors.
VakıfBank — One of the largest and most respected banks in Turkey, which actively works with corporate clients, including foreign companies. The bank offers various business services, including corporate accounts, international transfers, and financial consulting. It also provides a wide range of services for foreign clients, including online banking, which facilitates account management and operations.
PayTR — One of the largest payment systems in Turkey, offering solutions for online payments. The platform supports foreign companies, allowing them to open accounts for online operations, which is ideal for businesses involved in e-commerce and digital products.
How to Open an Account?
Opening a corporate account in Turkey for a foreign company is a process that requires attention and preparation. It is important to choose the right bank or payment system depending on the specifics of your business and planned operations.
To accelerate and simplify the account opening process, we recommend contacting IT-OFFSHORE specialists.
