TURKEY
The favourable geographical location, diversified and fast-growing economy, and policy of attracting foreign investment have already made Turkey an attractive location for business. It has a stable legal system and well-developed financial sector, in particular the banking sector, which accounts for more than 80% of the financial sector. These features, combined with a sophisticated taxation policy, make Turkey an attractive destination for bank accounts.
At present, about 50 banking institutions operate in Turkey. Turkish banks are loyal to foreign business. There’s also no excessive control or bureaucracy on the part of the authorities. That is why Turkey is an excellent alternative to popular jurisdictions and also one of the main options for opening an account for a foreign company or individual. The most widely known banks in this country are Garanti Bankasi, Yapi Kredi Bankasi, Deutsche Bank, Is Bankasi, Citibank, Ziraat Bankasi, Turkiye Finans, Kuveyt Turk, Vakif, DenizBank and Isbank.
