Looking to invest in property, explore Turkish citizenship or establish your own business in Türkiye? Let us help you make the most of the opportunities.
There is more to Türkiye than its beautiful landscapes, rich culture and strategic location. Sitting at the crossroads of Europe, Asia and the Middle East, Türkiye has become an interesting destination for international investors, entrepreneurs and families looking to explore new opportunities.
Whether you are considering purchasing a property in Istanbul, looking into Turkish citizenship, opening a local bank account or setting up a company, Türkiye offers several possibilities worth exploring.
But where do you start? What are the requirements? And more importantly, how do you make sure everything is done properly?
At Prism Consultancy, we understand that making an international investment or establishing a presence in another country is a big decision. It involves more than paperwork. It requires proper planning, the right information and people who can guide you through the process.
That is exactly where we come in!
We help individuals, investors and businesses explore opportunities in Türkiye through three key areas: property investment and citizenship, banking solutions, and company incorporation.
1. Invest in Turkish Property
If you have been considering investing in international real estate, Türkiye is certainly a market worth looking into.
From the vibrant streets of Istanbul to the coastal lifestyle of Antalya and the growing commercial centres of Ankara and Izmir, the country offers a variety of property opportunities for different investment objectives.
Whether you are looking for a holiday home, a property for rental income, a long-term investment or a potential route to citizenship, there are options to consider.
But property investment should never be just about finding something you like. It is about understanding what you are buying, whether the property is fairly valued, what the legal conditions are and how it fits into your long-term plans.
What about Turkish citizenship?
One of the biggest attractions for foreign investors is the opportunity to obtain Turkish citizenship through qualifying real estate investment.
Under the current investment programme, eligible foreign nationals can apply for Turkish citizenship by purchasing qualifying property with a minimum investment value of USD 400,000, provided they meet the applicable requirements.
The main conditions include:
- Purchasing qualifying real estate with a minimum value of USD 400,000.
- Registering a restriction preventing the sale of the property for three years.
- Meeting the required valuation, payment and title deed conditions.
- Completing the relevant investment eligibility and citizenship application procedures.
Eligible applicants may also include their spouse and dependent children under 18, subject to the applicable requirements.
For many investors, this is an opportunity to combine property ownership with greater international mobility and a potential long-term connection to Türkiye.
However, it is important to remember that not every property qualifies. The legal status, valuation and transaction structure must be properly checked before proceeding.
How can Prism help?
We can assist you in understanding the investment requirements, coordinating property-related documentation and navigating the citizenship application process with the appropriate local professionals.
Our priority is to help you make an informed decision before committing to an investment.
2. Open a Bank Account in Türkiye
If you are planning to invest, purchase property or establish a business in Türkiye, having a local bank account can make things considerably more convenient.
Think about it: you may need to transfer funds for a property purchase, manage rental income, pay local expenses or handle the financial transactions of your newly established company.
Having access to the local banking system can help you manage these activities more efficiently.
The good news is that foreign nationals can apply for personal bank accounts in Türkiye, even without necessarily holding Turkish citizenship. However, requirements differ between banks and applicants, and approval remains at the bank’s discretion.
Who should consider opening a Turkish bank account?
A local bank account can be useful if you are:
- Planning to purchase property in Türkiye.
- Investing in the Turkish real estate market.
- Looking to manage personal finances and local expenses.
- Receiving rental income from Turkish properties.
- Establishing a company and preparing for business operations.
What documents do you generally need?
Depending on the bank and your personal circumstances, you may be asked to provide:
- A valid passport.
- Turkish tax identification number.
- Proof of residential address.
- Turkish mobile number, where required.
- Additional identification or residency documents, where applicable.
- Source-of-funds and supporting financial documents.
Corporate banking applications may require additional company registration documents, shareholder information and authorised signatory details.
Every bank has its own compliance requirements, so preparing the correct documents from the beginning is important.
How can Prism help?
We help you understand the banking requirements, prepare your supporting documents and coordinate with the relevant banking institutions.
Rather than leaving you to figure everything out on your own, our team can guide you through the process and help make your application more straightforward.
Please note that final account-opening decisions are always subject to the bank’s internal compliance and approval procedures.
3. Start Your Business in Türkiye
Perhaps your interest in Türkiye goes beyond property investment.
Maybe you are an entrepreneur looking to enter a new market, an existing business owner exploring international expansion or an investor interested in establishing a company with local operations.
Whatever your plans may be, setting up a company in Türkiye could be an important first step.
Türkiye offers access to a sizeable domestic market, an established manufacturing base, a skilled workforce and convenient connections to Europe, the Middle East and Central Asia.
For international businesses, this creates opportunities to develop commercial relationships, work with local partners, reach new customers and build a presence in the region.
Can foreigners own a company in Türkiye?
Yes. Foreign investors can generally establish and fully own a Turkish company, subject to applicable regulations and sector-specific requirements.
The two most common corporate structures to consider are:
Limited Liability Company (Ltd. Şti.)
A popular choice for entrepreneurs, SMEs and international investors looking to establish a local business. It offers a separate legal identity and limited shareholder liability, subject to applicable legal exceptions.
Joint Stock Company (A.Ş.)
Often suitable for larger businesses, investors and companies requiring more structured shareholding arrangements or corporate governance.
The right structure will depend on your business activity, ownership arrangements, capital requirements and future expansion plans.
What does the incorporation process involve?
Setting up a company is generally a structured process involving:
- Business consultation: Understanding your business plans and identifying the appropriate company structure.
- Documentation: Preparing the necessary shareholder and incorporation documents.
- Registration: Completing the required Trade Registry and tax registration procedures.
- Corporate banking: Coordinating the application for a company bank account.
- Post-incorporation support: Addressing accounting, taxation, payroll and ongoing compliance obligations.
And this last part is particularly important.
Registering a company is only the beginning. You also need to make sure your business remains compliant with local tax and corporate regulations.
How can Prism help?
We work with clients from the initial planning stage through company establishment and beyond.
From helping you understand the appropriate corporate structure to coordinating registration and post-incorporation requirements, our objective is to make your entry into Türkiye as smooth and organised as possible.
You focus on building your business. We help you navigate the administrative and professional requirements.
Why Manage Everything Separately When You Can Have One Partner?
Here is something many international investors overlook: property investment, banking and company incorporation can often be connected.
You might be purchasing property and need assistance with banking arrangements. You might be applying for citizenship and need your investment documentation properly coordinated. Or you might be establishing a company and require ongoing accounting, tax and corporate support.
Handling each requirement through different providers can make the process more complicated than it needs to be.
At Prism, we take a more connected approach.
We want to understand what you are trying to achieve first, then help you identify the services and professional support required to get there.
Our international consultancy network allows us to support clients with a broader range of cross-border requirements, including:
- Property investment and citizenship assistance.
- Personal and corporate bank account opening.
- Company incorporation and corporate structuring.
- Accounting, taxation and regulatory compliance.
- Business expansion and international consultancy.
We believe that good consultancy is not simply about completing a transaction. It is about building a relationship and being there when our clients need support beyond the initial setup.
Your Next Opportunity Could Start in Türkiye
Whether you are an individual investor, an entrepreneur or an established business looking to expand internationally, Türkiye is a market worth exploring.
You do not need to have everything figured out before getting started. Sometimes, all you need is the right conversation to understand what is possible and what steps to take next.
Let us discuss your plans, understand your objectives and help you explore the opportunities available.
Ready to make your move into Türkiye?
Get in touch with Prism Consultancy. Our team will be happy to discuss your plans and guide you through the available investment, banking and business establishment options.
