MKK Facilitates The Account Opening Process in Türkiye for Non-resident Investors

Merkezi Kayıt Kuruluşu (MKK) is continuing its efforts to develop a Document Management System aimed at facilitating and accelerating the account opening procedures for non-resident investors.

Following an amendment by the Capital Markets Board of Türkiye (CMB) to the MKK Regulation, published in the Official Gazette on April 29, 2025, MKK has been assigned a new mandate to facilitate the account opening procedures for non-resident investors at investment institutions authorized in Türkiye.

This amendment enabled the establishment of a centralized and fully electronic Document Management System, to be operated by MKK and accessible to non-resident investors.

Through this system, non-resident investors will be able to electronically submit the necessary documents and information required to open an account at an investment institution in Türkiye, thereby significantly streamlining and accelerating the process.

As a key component of this initiative, a digital service for obtaining a potential tax number — to be offered to members — will soon be accessible via the MKK Communication Centre (MİM360).

Thanks to the Document Management System, non-resident investors will no longer be required to prepare documents abroad and physically deliver them to Türkiye. The entire process will become significantly faster.

Investors residing abroad will be able to easily transmit the necessary information through the Document Management System provided by MKK. Based on the information received, investment institutions will be able to quickly and efficiently complete the account opening procedures.

Details of the process are as follows:

• Investors residing abroad will be able to initiate the account opening process electronically, enabling them to start investing more quickly.
• Information required for obtaining a potential tax number will be electronically transmitted to the Digital Tax Office by the investment institution where the account will be opened.
• With the investor’s approval, the relevant documents can also be shared with other investment institutions, allowing for multiple account openings from a single center.
• Documents can also be uploaded to the Document Management System by institutions authorized by the investor residing abroad.
• The Document Management System will facilitate the secure sharing, updating, and rapid transmission of required documents among all stakeholders.