Banking Specialists in Turkey

Choosing Banking Specialists in Turkey

Banking specialists help a company open and maintain a business bank account, which for a foreign-owned entity is often the slowest step in setting up. The work is preparing the file a bank's compliance team asks for and managing the process.

What to check before you engage a firm

• Ask directly whether they are introducing you to a bank or acting as a regulated adviser. Most are facilitators, which is legitimate but different.
• Treat any guarantee of account approval as a warning sign. The decision belongs to the bank's compliance function.
• Understand the fee structure, in particular what is payable if the account is declined.