Banking & Payments
Corporate Bank Account
A real Turkish IBAN at a partner private bank, opened remotely via power of attorney. Internet banking, corporate cards, multi-currency rails included.
- Real TR IBAN
- Remote via POA
- Partner private bank
- 2–4 weeks
What it is
Banking is the single hardest step for foreign-owned Turkish entities, and the step most company-formation services quietly skip or hand off. Turkish banks face heavy AML obligations under MASAK Law 5549 and BDDK guidance, and the commercial reality is that many corporate desks decline foreign-owned LTDs without a pre-existing relationship. We work with a partner private bank that has a defined onboarding process for vetted foreign-owned studios, executed entirely via notarised power of attorney. You receive a real Turkish IBAN, full internet banking, corporate Visa or Mastercard cards, and SWIFT-enabled multi-currency rails. Not an e-money wallet with an IBAN-shaped string.
What you actually get
A real Turkish IBAN.
Accepted everywhere a bank IBAN is accepted.
Account holder
Your Studio LTD Şti.
IBAN
TR43 0006 4000 0011 2345 6789 01
TRY
Master
USD
Sub-account
EUR
Sub-account
Indicative layout. Real card design and partner-bank brand confirmed on the engagement call.
Filed and accepted at
Apple App Store Connect
Developer payout binding
Google Play Console
Developer payout binding
Steam, Epic, itch.io
Marketplace payouts
Stripe, Adyen, PayPal
Card-acquiring and PSP onboarding
B2B customers worldwide
SWIFT MT103 in USD or EUR
Turkish counterparties
Domestic TRY transfers
The licensed e-money alternative still has a place as a fallback. It is not where App Store payouts and corporate payors expect to send your money.
How we do it
From pre-screen to first deposit.
Two to four weeks from a complete KYC dossier landing at the bank's foreign-clients desk.
Pre-screen
Before incorporation we pre-screen your group structure, ultimate beneficial owners, and source-of-funds story against the partner bank's policy. If anything will trip the bank's compliance desk, we tell you up front and adjust the structure or the bank choice.
KYC dossier
Apostilled corporate documents from the parent, UBO declaration under MASAK rules, signature circular, articles of association, activity certificate, tax registration, and the scoped POA. Assembled and translated where needed, then submitted to the bank's foreign-clients desk.
Account opening under POA
Account opened by our partner law firm under your notarised POA. No travel required. Internet banking credentials issued; corporate cards produced and couriered to your registered address.
Multi-currency sub-accounts
USD and EUR sub-accounts opened under the same master account and the same IBAN root, so App Store, Google Play, Steam, and B2B customers can pay you in the original currency without forced conversion.
First deposit and reconciliation
We walk you through the first inbound SWIFT transfer, confirm the correspondent path, and reconcile the landing against your books and the service-export evidence file.
What's included
Pre-screen through first reconciliation.
- Pre-screen of UBOs and group structure against bank policy
- Corporate account opening at our partner private bank under POA
- Real Turkish IBAN (TR + 24 digits), accepted everywhere a bank IBAN is accepted
- USD and EUR sub-accounts under the same banking relationship
- Internet and mobile banking activation
- Corporate Visa or Mastercard cards (debit, with credit-card option subject to underwriting)
- SWIFT inbound and outbound instructions, including correspondent-bank routing notes
- First-deposit reconciliation against the service-export tax exemption file
Key facts
The mechanics behind the IBAN.
- A real bank, not e-money
- The IBAN is issued by a Turkish bank licensed under Law 5411, supervised by the BDDK. Accepted by Apple App Store, Google Play, Stripe, Adyen, Steam, and counterparty banks worldwide without the friction that licensed e-money institution IBANs increasingly attract.
- POA-only, no travel
- The whole opening runs on a notarised, apostilled, and bilingual power of attorney scoped strictly to incorporation, banking, and tax registration. It does not authorise discretionary fund movement. You sign in your country, we ship the original to Türkiye, the account opens 2 to 4 weeks later.
- Defined remediation if the bank declines
- If the partner bank declines after KYC, our engagement letter triggers a second attempt at an alternative partner. If both decline (rare on pre-screened files), we configure a licensed Turkish e-money institution alternative so revenue can still land while structure is adjusted.
- AML and UBO obligations
- Under MASAK Law 5549 and supporting regulations, the bank verifies the ultimate beneficial owner of every shareholder layer up to a 25% threshold. We assemble the UBO declaration and supporting evidence (corporate certificates, passport copies, residential proof) before submission, so the file does not bounce back.
- What the IBAN does for the tax exemption
- The 100% service-export corporate-tax exemption under Article 10/1-ğ of the Corporate Tax Law requires foreign-currency revenue to be remitted to a Turkish bank account by the corporate-tax filing deadline (typically April of the following year). A real bank IBAN, with USD and EUR sub-accounts, is the operational foundation of that exemption.
- Timing
- Two to four weeks from a complete KYC dossier landing at the bank's foreign-clients desk. The apostille at your end is usually the variable step. Card issuance and internet-banking activation typically follow account opening by 1 to 2 weeks.
Bundled in
- Starter✓
- Builder✓
- Enterprise✓
Pricing
Included in every package. A second backup bank account at an alternative partner is available as an add-on at USD 1,200.
Related services
Multi-Currency Banking
TRY, USD, and EUR sub-accounts under one corporate banking relationship. Receive in the original currency, convert on your timing, evidence the service-export exemption.
App Store & Google Play Payouts
Apple and Google paying your Turkish entity directly, in the original currency, at treaty withholding rates. The tax forms, the bank binding, the developer-account migration.
Virtual POS
A card-acquiring relationship for direct web, off-store, and B2B sales. Onboarded to a bank or licensed payment service provider, integrated against 3D-Secure 2, settled daily to your corporate IBAN.
Ready to map your setup?
Free 30-minute discovery call. We'll match the right services to your stage and come back with a fixed-fee proposal.