Some Notes about Opening a Bank Account for a Foreign Company in Turkey

Author: Mr. Gökhan Cindemir , Phd Candidate , Senior Partner Lawyer cindemir@cindemir.av.tr

Opening a bank account for foreigners without residence permit is possible. In addition, Turkey does not require any presence in Turkey from the foreign entities. In that case, Turkey presents alot of opportunites to the foreigners who are willing to open a bank account in the country. There are few documents and one day procedural actions to open the bank account. However, the foreigner must be ready in front of the bank officer while signing the bank custormer contract. In that regard, the clients are obliged to come to Turkey to open a bank account. We can assist to open a bank account for Russians and Iranian origin foreigners. As mentioned before, foreign company does not require to open a company in Turkey to have a bank account. There is no legislation restricting to have a account of a foreign company which is not registered in Turkey. Definitely the banks are checking the company before opening bank account and in ordinary circumstance the clients don’t confront with any problem. In any case, during the signature conclusion process we accompany to our clients and assist them at the bank.