Opening a Bank Account and Tax Number in Turkey: Complete Guide for Foreigners
Opening a Bank Account and Tax Number in Turkey: Complete Guide for Foreigners
Opening a bank account in Turkey is an essential step for foreigners planning to live, work, or invest in the country. To do so legally and smoothly, you need a Turkish Tax Identification Number and some basic documents. This guide explains everything you need to know.
Why a Tax Number Is Required
A Tax Identification Number is mandatory for all foreigners who want to open a bank account in Turkey. It is issued by the Turkish Tax Office and ensures compliance with local financial and tax regulations.
You cannot open a bank account without it, whether you are a resident with a residence permit or a non-resident.
How to Obtain a Turkish Tax Number
Documents required:
- Valid passport (original and copy)
- Completed application form (provided at the tax office or online)
- Proof of address (if requested by the tax office)
Where to apply:
- In person at a tax office: Present your passport, fill out the form, and receive your tax number instantly.
- Via e-Devlet: Some foreigners can request a tax number through the official online government platform.
Once issued, the tax number is valid indefinitely and can be used for bank accounts, property purchases, and other legal procedures in Turkey.
Your tax number never expires and will be required for all future financial and legal transactions in Turkey.
Opening a Bank Account
To open a bank account in Turkey, you generally need:
- Passport
- Tax Identification Number
- Proof of residence or address
- Turkish mobile phone number
Steps to open an account:
- Visit a branch of your chosen bank (popular options include Ziraat Bank, İşbank, Akbank, Garanti BBVA, Yapı Kredi).
- Present your documents.
- Sign the account agreement and receive your bank card and online banking access.
Some banks allow online account applications for foreigners, but you may still need to visit a branch to complete verification.
Popular Banks for Foreigners in Turkey
Additional Tips
- Non-residents can usually open accounts in foreign currency (USD, EUR) as well as Turkish Lira.
- Some banks may request additional identification or proof of employment depending on your status.
- Keep your tax number safe—it will be needed for property transactions, utility contracts, and other financial procedures.
Why This Matters
Having a bank account and tax number ensures you can:
- Receive salary or rental income in Turkey
- Pay bills and taxes without issues
- Legally invest in real estate or other financial products
Skipping this step can lead to delays in transactions or even legal complications.
Quick Reference: Documents Checklist
✓ Valid passport + photocopy
✓ Tax Identification Number (obtain first)
✓ Proof of address (utility bill or rental contract)
✓ Turkish mobile phone number
✓ Residence permit (if applicable)
Conclusion
Opening a bank account and obtaining a tax number in Turkey is a straightforward process if you have the right documents. Every foreigner intending to live, work, or invest in Turkey must complete these steps to comply with local regulations.
With a tax number and a Turkish bank account, you gain access to financial services, property transactions, and legal operations safely and efficiently.
