Getting a Tax Number and Opening a Bank Account in Turkey for Property Buyers

Getting a tax number and opening a bank account in Turkey for property buyers

Buying property in Turkey requires some essential administrative steps for foreigners. Two of the most important are obtaining a Turkish tax number and opening a bank account. These are necessary for property registration, paying bills, and managing transactions.

1. Getting a Turkish tax number (Vergi Numarası)

A tax number is mandatory for all foreigners buying property or conducting financial transactions in Turkey.

Steps to obtain a tax number:

• Go to the local tax office (Vergi Dairesi) with your passport.
• Fill out the application form; it is usually available in English.
• The tax office issues the number immediately in most cases.

Key points:

• Required for signing property contracts and utility agreements.
• Free of charge.
• Keep a copy safe; it may be requested by banks, notaries, or government offices.

ℹ️ Your tax number is valid for life – keep it for all future procedures.

2. Opening a bank account

Having a Turkish bank account makes buying and managing property easier. It allows you to pay property taxes, utilities, and transfer funds securely.

Steps to open an account:

• Choose a reputable bank (common choices: Ziraat Bankası, İşbank, Garanti BBVA).
• Provide your passport and Turkish tax number.
• Some banks may require a residence permit, but many allow non-residents to open accounts.
• Deposit funds; many banks offer debit cards and online banking in English.

Tips:

• Compare fees, online services, and currency options.
• Use the account for property-related payments and rental income if applicable.
• Ask the bank about multi-currency accounts if you plan to send money from abroad.

⚠️ Important: If a bank insists on a residence permit, try another branch or a different bank. Many institutions open accounts for non‑residents with just a passport and tax number.

3. Why these steps are important

• Legal: Property registration at the Land Registry (Tapu) requires a tax number.
• Financial: Banks ensure safe transfers, currency exchange, and bill payments.
• Convenience: Utilities, maintenance, and mortgage payments are easier through a local account.

✅ With tax number + bank account you are ready for title deed transfer and property management.

Conclusion

Obtaining a tax number and opening a bank account are simple but essential steps for property buyers in Turkey. With these in place, you can complete your purchase smoothly, pay bills, and manage your investment efficiently. Always work with experienced real estate agents or legal advisors to ensure compliance and make the process hassle‑free.

⚠️ Only use licensed real estate agents and lawyers – never hand over your passport or tax number to unverified persons.

* requirements may vary slightly by city and bank branch – confirm with your property advisor or legal consultant.