Bank Account and Payment Setup Consulting
From getting a tax number to opening a bank account and securely transferring your property payment, we build your financial infrastructure together.
A Turkish bank account: the invisible but critical step
Every foreign investor looking to buy property, receive rental income, or obtain a Foreign Exchange Purchase Document (DAB) for a citizenship application in Türkiye needs a Turkish bank account.
Before opening an account, you need a tax identification number, which can be obtained free of charge at the tax office with your passport in about 15-30 minutes; the first and most important step in the process.
Banks typically ask for a passport, tax number and a document showing your address in Türkiye (a residence certificate or a utility bill); applying in person at a branch, the process can be completed in about a week on average. We're with you through all of these steps, from choosing the right bank to preparing your appointment and documents.
Support We Provide in This Process
Tax Identification Number
Guidance on quickly obtaining your tax number from the tax office.
Choosing the Right Bank
Determining the bank and branch that fit your needs.
Document Preparation
Preparing the passport, address and other documents needed for account opening in advance.
Foreign Exchange Purchase Document (DAB)
Obtaining the DAB correctly for property or citizenship payments.
Payment Transfer Tracking
Tracking that transfers from abroad reach the right account with the right description.
Remote Process Management
Clarifying which steps can be handled by power of attorney for investors who can't be physically present in Türkiye.
What to watch for when opening a bank account
- The foreign ID number is issued to those who've resided in Türkiye for at least 6 months; some banks can open accounts without it given extra documentation
- The tax identification number must be obtained before account opening
- A document showing your address in Türkiye (residence certificate, utility bill) may be requested depending on the bank
- The Foreign Exchange Purchase Document (DAB) is separately required for title deed and citizenship processes on property payments
- Some steps (account opening excepted) can be handled from outside Türkiye via a notarized power of attorney
Common questions on bank accounts and payments
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Let's start your banking and payment process together
Tell us what you need, and we'll clarify the process for you, from tax number to bank account.