Tax Number and Bank Account Consultancy

The first thing foreign nationals need in order to buy property, set up a company, take out a utility subscription or pay a residence permit official fee in Türkiye is a potential tax identification number. For people who do not hold a foreign national identity number, this number forms the basis of official transactions.

When it comes to opening a bank account, banks assess the documents relating to identity, address and the purpose of the transaction according to their own internal rules. At BKT we complete the tax number application, prepare the document set the bank requires and, on request, provide interpreter accompaniment during the procedures.

Who is it for?

• Foreign nationals who will purchase immovable property in Türkiye
• Shareholders who need a tax number before a company formation
• Foreign nationals who will pay residence permit official fees and other official payments
• Foreign nationals wishing to open a bank account in Türkiye
• Those who need an account for rent, subscription and bill payments
• Investors who will make payments in the Turkish citizenship by investment process

Required documents

The list below is for a typical case. Additional documents may be requested depending on your nationality, the type of application and the practice of the relevant authority; the definitive list is given to you in writing at the initial consultation.

• Passport and its notarised translation
• Address declaration or certificate of residence
• Foreign national identity number and residence permit card, if any
• Document relating to the purpose of the transaction (preliminary title deed agreement, company paperwork, etc.)
• Income or source of funds declaration documents requested by the bank

The process step by step

1. 1

   Tax number application

   The potential tax identification number is obtained through the tax office or by electronic application.

2. 2

   Document preparation

   The passport translation, address declaration and documents relating to the purpose of the transaction are prepared.

3. 3

   Choice of bank

   Bank options suited to the purpose of your transaction, with favourable conditions for accepting foreign customers, are assessed.

4. 4

   Branch procedures

   Interpreter accompaniment and support in completing the forms are provided during the account opening.

5. 5

   Afterwards

   Basic guidance is provided on internet banking, cards and transfers.

Common mistakes

• Submitting the passport translation without notarisation
• Going to the branch without documentary evidence of the address declaration
• Not having the document explaining the purpose of the transaction to hand
• The spelling of the name on the tax number differing from the passport
• Leaving the account opening to the same day as the title deed appointment