Opening an account with ALBARAKA BANK (Turkey)
Cost for the private persons from 0€
Cost for the legal entities from 0€
Opening Term: 3 weeks
Remotely: no
Cost for the private persons from 0€
Cost for the legal entities from 0€
Opening Term: 3 weeks
Remotely: no
Account in the Turkish bank Albaraka Bank
Albaraka Bank is a Turkish private bank founded in 1984. It began its activities in 1985. Albaraka Turk was founded by the Albaraka Banking Group, the Islamic Development Bank (IDB) and a Turkish industrial group. As of 30.06.2019, the bank's shares are owned by foreign companies in the amount of 65.99%, Turkish companies - 8.76% and listed shares - 25.25%.
Today, Albaraka Bank works with non-resident companies. The bank does not open accounts for companies with risky activities, as well as for Cypriot companies. Turkish banks do not work, do not accept and send payments to Cypriot banks.
Peculiarities of opening an account for a non-resident in a Turkish bank
For non-resident companies, Albaraka Bank has a daily limit of $30,000. It is possible to increase the daily limit after 3 months of working with the bank. The main advantage of opening an account in Turkey is free work with US dollars, the bank's good attitude towards Ukrainian citizens, as well as the possibility of opening an account for an offshore company.
How to open an account in the Turkish bank Albaraka Bank?
We obtain a Turkish tax number for a company and manager of a corporate account or for an individual (for a personal account). Turkish tax number is mandatory for any customer who wants to open an account in a Turkish bank.
We submit documents to Albaraka Bank for opening an account and agree on a date for your visit to a bank branch in Turkey. A personal visit to the bank takes 1 day. At the meeting with the manager, the client signs bank questionnaires, receives account details, Internet banking and a payment card. For non-residents, the card currency is available only in Turkish lira. The account is activated in 3 to 4 days after the visit to the bank.
Albaraka Bank adheres to the principle of "know your customer" and in each case reserves the right to request additional documents, which will lead to an increase in the time for opening an account, and may also refuse to open an account without giving reasons.
1
Work with USD currency
2
Account maintenance for free
3
Possibility to open an account for an offshore company
Personal and corporate accounts. It is necessary to obtain a Turkish tax number for any client who wants to open an account with a Turkish bank.
Director and beneficiary (for legal entities) or individual are verified at the bank's branch in Turkey.
Provided on an individual basis.
www.albaraka.com.tr
You fill out our questionnaire and provide us with full information about your activities and counterparties. Along with the questionnaire, you must provide corporate documents of the company (for a legal entity) and personal identification documents (for an individual).
Our specialists analyze the information and documents provided and fill out the ALBARAKA BANK questionnaires.
We send the ready-made package of documents for opening an account to ALBARAKA BANK for review. At this stage, we organize the translation into Turkish and notarization in Turkey of corporate documents, passports of the director and beneficiary or individual (for a personal account). And we obtain a Turkish tax number for the company and the corporate account manager or for an individual (for a personal account).
The director and beneficiary (for a legal entity) or an individual are verified at a bank branch in Turkey.
At this stage, ALBARAKA BANK checks the client and may request additional information about the activities and source of funds.
The account is opened within 1-3 business days after a personal meeting with the bank manager and submission of a full package of documents to the bank.
Phone
+380 97 527-66-30Client Relations Department
+380 73 427-66-30Address
Kyiv, 01054, Ukraine,
40B Ivan Franko St., office 207
