GOFIRM
Türkiye Emlak Katılım Bankası

Bank account opening

An Emlak Katılım account: opening by power of attorney, fees and documents

Emlak Katılım is a state-owned Turkish and our main route for a UAE company. The account is opened by a representative under a power of attorney; from you — scans, details for the questionnaire and documents prepared to Turkish rules.

Message us on WhatsApp
By power of attorney
A representative opens the account — as a rule, without your visit
6 currencies
Including AED and CNY — alongside lira, dollars and euros
0.5%
Outgoing SWIFT for companies: no less than USD 50, no more than USD 2,250, excluding BSMV
Free
Transfers within Turkey via online banking — for companies

Other banks in Turkey

VakıfBankİşbankZiraat Bankası
All banks in Turkey

In short

At Emlak Katılım, a UAE company’s account is opened by a representative under a power of attorney, as a rule without your visit; documents are attested by the UAE MOFA and legalised at the Turkish consulate. Six currencies, including AED and CNY; outgoing SWIFT for companies is 0.5%, USD 50 to 2,250.

Checked 18 October 2026 · Elizaveta Germash

Cost of a mistake

Rejected documents

The bank does not accept “lawyer” legalisation of UAE company documents — they need UAE MOFA attestation and legalisation at the Turkish consulate.

How to avoid it

Emlak Katılım — an account without the trip, if your documents follow Turkish rules

The bank opens accounts for non-residents — companies and individuals — through a representative. What decides it is not a visit or a balance but the form of the documents and a consistent questionnaire: legalisation, sworn translation, beneficial owners and the payment profile.

  • No interest

    Instead of deposits — . Separately — the bank’s exclusions: alcohol, cigarettes, precious metals trading, sanctioned goods.

  • Dirhams and yuan

    Lira, dollars and euros — plus AED and CNY. Of the four Turkish banks we work with, only this one offers that set of currencies.

  • Published fees

    Outgoing SWIFT for companies — 0.5% of the amount, from USD 50 to USD 2,250; incoming — 0.1%, from USD 30. is charged on top. Transfers within Turkey via online banking are free.

  • The bank gets the tax number

    The bank obtains the Turkish tax number for the company, its representatives and shareholders itself. From you — passports and the parents’ names of each person.

Expert tip

We prepare the questionnaire so that countries, volumes and the payment setup match your contracts. Payments outside the declared profile may lead to requests from the bank.
Elizaveta GermashElizaveta GermashLawyer · Bank accounts

Bank profile

Emlak Katılım: terms, fees and exclusions in one place

Türkiye Emlak Katılım Bankası

Türkiye Emlak Katılım Bankası

State-owned participation bank · Istanbul

  • By power of attorney
  • 6 currencies
  • No limits
  • Personal manager
Open to
Non-residents — companies and individuals, including UAE companies
Opening
By power of attorney, through a representative — as a rule, without a visit
Currencies
TRY, USD, EUR, AED, CNY, RUB
Documents
Scans at the first stage; for a UAE company — consular legalisation and sworn translation
Beneficial owners
Reviews all owners
Tax number
Turkish — the bank obtains it itself: for the company, representatives and shareholders
Limits
No limits — within the profile from the questionnaire
Personal manager
Yes

Account terms — based on our experience as of October 2026; fees — the bank’s table for companies, updated on 16 February 2026; history and products — the bank’s website, checked on 18 October 2026. The bank decides whether to open the account.

Who it suits

Who it suits — and when to choose something else

A good fit if

  1. 01You need an account without travelling to Turkey — a representative will open it under a power of attorney.
  2. 02You settle with the UAE and China and need dirhams and yuan alongside lira, dollars and euros.
  3. 03You want an interest-free bank operating on Islamic banking principles.
  4. 04You’re ready to legalise your company documents at the Turkish consulate and have them translated by a sworn translator.
  5. 05You need a second banking channel alongside your UAE account — in another country and another banking system.

Consider something else if

  1. 01Your business involves alcohol, cigarettes, precious metals trading or sanctioned goods — the bank doesn’t serve such companies.
  2. 02The owners aren’t willing to be disclosed — the bank reviews all owners of the company.
  3. 03You need a conventional bank, not an Islamic one, and the signatory can come for the opening.Ziraat Bankası
  4. 04Your business operates in Turkey itself: an office, staff, local clients.Turkey

Benefits

What you get

Profile checked before applying

We check your activity, goods and payment countries against the bank’s exclusions. If the profile won’t pass, we say so before legalisation, not after.

Legalisation without rework

UAE Ministry of Foreign Affairs, Turkish consulate, sworn translation and notary — in the right order. The “lawyer” route the bank rejects is ruled out from the start.

A consistent questionnaire

We describe SWIFT payment countries, volumes, transit and vessels so the answers match your contracts and statements.

Tax number without delays

We collect the passports and parents’ names of the director, representatives and shareholders upfront — the application doesn’t stall over a single detail.

Power of attorney in the bank’s form

We prepare a power of attorney for the representative, agreed with the bank: they submit the package and sign the bank forms.

Status in the client portal

What’s at legalisation, what’s with the translator, what’s already at the bank — all visible in the client portal.

Let’s discuss the details

Is Emlak Katılım right for your company?

Describe your goods, payment countries and owners — we’ll check your profile against the bank’s exclusions and tell you which documents to legalise in advance.

Account opening

Who does what while the account is opened without your trip

Timelines — based on our experience as of October 2026. The bank’s review time depends on the profile and how complete the answers are, so we don’t promise it.

You
02

Scans and details

Company documents, passports, details of all owners, parents’ names for the tax number.

3–5 days
05

Power of attorney

You sign a power of attorney for the representative in a form agreed with the bank.

1–3 days
08

Online banking

You set up online banking and make the first payments — within the questionnaire.

up to 1 week
GOFIRM
01

Profile and exclusions

We check goods, payment countries and owners against the bank’s terms.

1–3 days
03

KYC questionnaire

SWIFT countries, volumes, transit, vessels, the link to Turkey — so that it matches your contracts.

2–3 days
06

Submission

The representative submits the package and signs the bank forms.

Bank
07

Tax number and review

The bank issues the tax number, vets the beneficial owners and checks the questionnaire against the documents.

Authority
04

Legalisation and translation

UAE Ministry of Foreign Affairs and the Turkish consulate, then sworn translation and a notary.

usually 2–4 weeks

From you — scans, details for the questionnaire and a signed power of attorney. As a rule, there’s no need to travel to Turkey.

Documents

What to prepare for Emlak Katılım — for a company and an individual

Information

Documents

Ready

0 / 12

Scans are enough at the first stage. The bank provides the exact list of company documents — we check it before legalisation so you don’t attest anything unnecessary.

Timing and budget

What makes up the budget

Fees for companies — per the bank’s table updated on 16 February 2026, excluding : indicative as of October 2026, the bank has the final say. Document preparation is costed upfront — UAE Ministry of Foreign Affairs, translation and notary.

  • Outgoing SWIFTDepends on0.5% of the amount, no less than USD 50 and no more than USD 2,250 per transfer. Correspondent banks may deduct their own charges.WhenPer transaction
  • Incoming SWIFTDepends on0.1% of the amount, no less than USD 30 and no more than USD 1,250.WhenPer transaction
  • Transfer inquiryDepends onTracing a sent transfer and the SWIFT messages on it — 0.2% of the amount, from USD 50 to USD 2,250.WhenOn request
  • Transfers within TurkeyDepends onEFT and in-bank transfers via online banking and ATMs — free. EFT through a branch — 39.87, 79.76 or 797.68 TRY depending on the amount.WhenPer transaction
  • Consular legalisationDepends onThe UAE Ministry of Foreign Affairs charges AED 2,000 for each commercial document: the licence, articles of association, board resolution, power of attorney from the company. The Turkish consular fee follows the consulate’s tariff — we calculate it for your set of documents.WhenBefore applying
  • Sworn translation and notaryDepends onTranslation — 500–1,200 TRY for a short document, usually from English; notary — 1,000–3,000 TRY for a simple translated document, excluding VAT. Powers of attorney and lengthy documents are priced separately.WhenBefore applying
  • Our supportDepends onThe profile and the bank’s exclusions, the order of legalisation and translation, the questionnaire, details for the tax number and the power of attorney. We quote the cost after reviewing your profile — as a separate line in the proposal.WhenAt the start of work

Getting it right

Common mistakes — and how to avoid them

Click a card to see how to do it right · 0 of 5 open

  1. 01 What people often do

    Having UAE company documents certified by a lawyer and assuming that’s enough.

  2. 02 What people often do

    Leaving cigarettes or precious metals out of the questionnaire: “it’s a small part of turnover”.

  3. 03 What people often do

    Writing “any volumes, countries as needed” in the questionnaire — since there are no limits.

  4. 04 What people often do

    Remembering the shareholders’ parents’ names only when the bank is already issuing the tax number.

  5. 05 What people often do

    Sending a large payment abroad without the supporting document ready.

FAQ

Expert answers

Elizaveta Germash — Bank accounts

As a rule, no: the account is opened by a representative under a power of attorney. You sign the power of attorney in a form agreed with the bank and send the documents. If the bank asks for an in-person appearance, we’ll tell you before applying.

Elizaveta Germash · Bank accounts

Sources

  1. Emlak Katılım — Commercial Banking Product and Service Fees (16 February 2026)
  2. Emlak Katılım — product and service fees page
  3. Emlak Katılım — history
  4. Emlak Katılım — bank website
  5. Emlak Katılım — TSRS report 2024
  6. Turkish Revenue Administration (GİB) — tax number for foreigners
  7. İşbank — transaction limits and hours (TCMB rule from USD 50,000)
  8. Milli Gazete — who owns Emlak Katılım

Deadlines, amounts and rules are based on these sources as of the check date. Rules change: check with us before deciding.

Often goes with this

What else you may need

Bank Accounts

Ziraat Bankası

A state-owned conventional bank: no limits and a personal manager — if you need a non-Islamic bank and the signatory can travel.

Bank Accounts

İşbank

A private bank for large businesses: document lists for foreign-capital companies and published fees; opening requires a visit.

Company Registration

Turkey

Your own company in Turkey — if the business operates in the country itself: Ltd. Şti., A.Ş. or a branch.

Next step

An Emlak Katılım account — will the bank accept your company?

Tell us about your business activity, owners and payment countries. We’ll check your profile against the bank’s exclusions, list the documents for legalisation and translation, and prepare the power of attorney.

Elizaveta GermashElizaveta GermashLawyer · Bank accounts
Preferred way to reach you

By sending a request, you agree to the processing of your data under our privacy policy.

Or reach us directly: WhatsApp · +971 58 520 7952