{"id":8882,"date":"2025-09-15T01:34:50","date_gmt":"2025-09-14T22:34:50","guid":{"rendered":"https:\/\/gnbtqytp2s.onrocket.site\/?post_type=makaleler&#038;p=8882"},"modified":"2025-09-15T01:34:53","modified_gmt":"2025-09-14T22:34:53","slug":"tax-number-and-bank-account-for-foreigners-in-turkey","status":"publish","type":"makaleler","link":"https:\/\/www.mfylegal.av.tr\/en\/articles\/tax-number-and-bank-account-for-foreigners-in-turkey\/","title":{"rendered":"Tax Number and Bank Account for Foreigners in Turkey | Practical Guide"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Why this matters for foreign investors<\/strong><\/h2>\n\n\n\n<p>Under Turkish law, <strong>foreign individual or corporate shareholders\/directors must obtain a Turkish tax number<\/strong> before they can be added to <strong>MERS\u0130S<\/strong> and proceed with company incorporation. In addition, certain structures\u2014especially the <a href=\"\/en?p=8841\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Joint Stock Company (A.\u015e.)<\/strong><\/a>\u2014require a <strong>pre-registration capital deposit<\/strong> into a <strong>bank account opened in the company\u2019s name<\/strong>. Without these two steps, the process will stall.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Full setup flow: <a href=\"\/en?p=8857\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Steps to Establish a Company in Turkey<\/strong><\/a><\/li>\n\n\n\n<li>Document checklist: <a href=\"\/en?p=8860\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Documents for Company Registration in Turkey<\/strong><\/a><\/li>\n\n\n\n<li>Minimum capital per entity: <a href=\"\/en?p=8863\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Minimum Capital Requirements in Turkey<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Part A \u2014 Getting a Turkish tax number (foreign individuals &amp; entities)<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1) Who needs it?<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Foreign individual shareholders\/directors<\/strong> to be listed on MERS\u0130S.<\/li>\n\n\n\n<li><strong>Foreign legal entities<\/strong> becoming shareholders of a Turkish company.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Per the official process, foreigners must first obtain a tax number and have it recorded in MERS\u0130S via the relevant trade registry office before they can be added as partners or authorised persons.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2) Typical documents (individual)<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Passport<\/strong> (bio\/ID page)<\/li>\n\n\n\n<li><strong>Basic contact details<\/strong> (father name, mother name, email, phone)<\/li>\n\n\n\n<li><strong>Address details<\/strong> (residential or correspondence)<\/li>\n\n\n\n<li>If represented: notarised <strong>power of attorney<\/strong> + sworn <strong>Turkish translation<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3) Typical documents (foreign legal entity)<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Certificate of incorporation \/ registry extract<\/strong> (apostilled &amp; sworn Turkish translation)<\/li>\n\n\n\n<li><strong>Articles of association \/ constitutive document<\/strong> (if requested)<\/li>\n\n\n\n<li><strong>Board resolution<\/strong> authorising a Turkish representative (apostilled &amp; translated)<\/li>\n\n\n\n<li><strong>Representative\u2019s passport<\/strong> and contact details<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Note: Apostille, translation and formatting requirements can vary by local tax office. To avoid rejection, have the file pre-checked before submission.<\/p>\n<\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Part B \u2014 Opening a company bank account<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1) When is the account needed?<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>A.\u015e.<\/strong>: At least <strong>25% of the cash-committed share capital<\/strong> must be deposited <strong>before registration<\/strong> into a bank account opened in the company\u2019s name; the balance is payable within <strong>24 months<\/strong> after registration. Details: <a href=\"\/en?p=8841\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Joint Stock Company (A.\u015e.)<\/strong><\/a><\/li>\n\n\n\n<li><strong>Ltd. \u015eti.<\/strong>: Cash capital may be paid <strong>within 24 months after registration<\/strong>, but you will still need a corporate account for operations. Details: <a href=\"\/en?p=8844\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Limited Company<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2) Typical bank KYC package (corporate)<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trade Registry<\/strong> registration &amp; incorporation documents<\/li>\n\n\n\n<li><strong>Articles\/company contract<\/strong> (final version)<\/li>\n\n\n\n<li><strong>Signature circular<\/strong> of authorised signatories<\/li>\n\n\n\n<li><strong>Tax numbers<\/strong> (company &amp; authorised persons)<\/li>\n\n\n\n<li><strong>Authorised signatory\u2019s passport<\/strong> (and residence card, if any)<\/li>\n\n\n\n<li><strong>Proof of company address<\/strong> (e.g., lease or documentation)<\/li>\n\n\n\n<li><strong>Board resolution<\/strong> authorising account opening\/signatories (if applicable)<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Banks apply their own <strong>KYC\/AML<\/strong> policies and may request additional information (business activity, source of funds, group chart, UBOs, etc.). MFY Legal can coordinate the bank dialogue and documentation.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3) Capital deposit proof<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>For A.\u015e. incorporation, the bank <strong>deposit slip\/letter<\/strong> evidencing the 25% capital payment is included in the <strong>Trade Registry<\/strong> application. See the flow: <a href=\"\/en?p=8857\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Steps to Establish a Company in Turkey<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Frequently asked questions (for International founders)<\/strong><\/h2>\n\n\n\n<p><strong>Q1: Can I open a personal account before the company is registered?<\/strong><\/p>\n\n\n\n<p>Yes, individual banking is often possible; however, <strong>share capital payments<\/strong> and commercial activity must go through a <strong>corporate<\/strong> account in the company\u2019s name.<\/p>\n\n\n\n<p><strong>Q2: Can the tax number and bank account be obtained remotely?<\/strong><\/p>\n\n\n\n<p>Often yes, via <strong>power of attorney<\/strong>. Some banks still require in-person identification or wet signatures this is policy-dependent.<\/p>\n\n\n\n<p><strong>Q3: Which entity type is more practical for banking?<\/strong><\/p>\n\n\n\n<p>Many SMEs prefer <strong>Ltd. \u015eti.<\/strong> for cost and operational simplicity. <strong>A.\u015e.<\/strong> is better if you anticipate future capital raising, <strong>bearer\/registered share<\/strong> flexibility, or debt instruments. Compare:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"\/en?p=8841\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>A.\u015e.<\/strong><\/a> vs <a href=\"\/en?p=8844\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Ltd. \u015eti.<\/strong><\/a><\/li>\n\n\n\n<li><a href=\"\/en?p=8863\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Minimum Capital Requirements<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Compliance reminders<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Competition Authority fee:<\/strong> <strong>0.04% of the company\u2019s capital<\/strong> (handled during establishment).<\/li>\n\n\n\n<li><strong>Audit thresholds:<\/strong> Capital companies exceeding certain size criteria are subject to independent audit. See <a href=\"\/en?p=8867\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Company Audit in Turkey<\/strong><\/a>.<\/li>\n\n\n\n<li><strong>Registration &amp; announcements:<\/strong> Share transfers, director changes, etc., may trigger registration\/announcement obligations. See <a href=\"\/en?p=8870\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Share Transfer in Turkish Companies<\/strong><\/a>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How MFY Legal helps<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tax number applications (foreign individuals and entities)<\/li>\n\n\n\n<li>Bank KYC file preparation and coordination with the selected bank<\/li>\n\n\n\n<li>Capital deposit and <strong>Trade Registry<\/strong> filing management<\/li>\n\n\n\n<li>Post-registration tax and social security registrations<\/li>\n<\/ul>\n\n\n\n<p><strong>Planning to invest in Turkey?<\/strong> Let us structure the process end-to-end so you launch fast and compliantly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why this matters for foreign investors Under Turkish law, foreign individual or corporate shareholders\/directors must obtain a Turkish tax number before they can be added to MERS\u0130S and proceed with company incorporation. In addition, certain structures\u2014especially the Joint Stock Company (A.\u015e.)\u2014require a pre-registration capital deposit into a bank account opened in the company\u2019s name. Without&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8883,"parent":0,"template":"","meta":{"_acf_changed":true,"inline_featured_image":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":""},"custom-post-tag":[143],"practice-area":[160,161],"published-year":[157],"class_list":["post-8882","makaleler","type-makaleler","status-publish","has-post-thumbnail","hentry","custom-post-tag-articles","practice-area-commercial-law","practice-area-company-law","published-year-2025-en"],"acf":[],"taxonomy_info":{"custom-post-tag":[{"value":143,"label":"Articles"}],"practice-area":[{"value":160,"label":"Commercial Law"},{"value":161,"label":"Company Law"}],"published-year":[{"value":157,"label":"2025"}]},"featured_image_src_large":["https:\/\/www.mfylegal.av.tr\/wp-content\/uploads\/2025\/09\/turkey-tax-number-foreigners-1024x683.jpg",1024,683,true],"author_info":{"display_name":"MFY Legal","author_link":"https:\/\/www.mfylegal.av.tr\/en\/author\/mfylegal\/"},"comment_info":"","_links":{"self":[{"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/makaleler\/8882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/makaleler"}],"about":[{"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/types\/makaleler"}],"author":[{"embeddable":true,"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/users\/2"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/media\/8883"}],"wp:attachment":[{"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/media?parent=8882"}],"wp:term":[{"taxonomy":"custom-post-tag","embeddable":true,"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/custom-post-tag?post=8882"},{"taxonomy":"practice-area","embeddable":true,"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/practice-area?post=8882"},{"taxonomy":"published-year","embeddable":true,"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/published-year?post=8882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}