Which US banks actually accept Turkish founders?
Turkey is not on Mercury's prohibited list. Wise, however, stopped serving Turkish residents in May 2023 — a change many formation sites still have not caught up with.
Provider by provider
Verified July 28, 2026
Turkey is absent from Mercury's published prohibited-countries list.
Payoneer remains available in Turkey.
Wise ceased offering its full service to Turkish residents on 31 May 2023, citing local regulation.
We could not reach Relay's country list. Unknown rather than assumed either way.
Provider country policies change without public notice — Mercury revised its prohibited list in 2024 and has amended it since. Treat this page as a starting point that was accurate on the date shown, then check the provider's own page before you apply. We would rather you verify us than trust us on something this consequential.
The Wise exit is the fact most sites miss
Wise withdrew full service from Turkish residents in May 2023 for regulatory reasons. Formation guides written before that — and plenty written after — still list Wise as a straightforward option for Turkish founders. It is not, and finding that out after you have paid for a company is an avoidable annoyance.
Mercury is open, which puts Turkey ahead of most of this list
Turkey does not appear on Mercury's prohibited-countries list. Compared with founders in Nigeria, Pakistan, Vietnam or Indonesia, that is a materially better starting position for the banking step.
Decree No. 32 governs contracting, not company ownership
Turkey's Decree No. 32 restricts foreign-currency denomination in contracts between Turkish residents and was amended again in March 2025. It shapes how you contract and move money domestically; it does not prohibit owning a company abroad. Treat any summary of it, including ours, as a starting point for advice — it has been amended in 2018, 2022 and 2025.
Worth knowing before you buy
Turkish tax residents are taxed on worldwide income, and foreign dividend income is taxable above an annual threshold with a partial exemption available in some circumstances. The banking step being easy does not make the tax position simple — those are separate questions and the second one needs Turkish advice.
Common questions
Can Turkish founders open Mercury?
Turkey is not on Mercury's prohibited-countries list as of the date shown here. Approval remains subject to Mercury's own underwriting, but there is no country-level barrier.
Why can't I use Wise anymore?
Wise stopped offering its full service to Turkish residents on 31 May 2023, citing local regulation. Payoneer remains available in Turkey. Many guides still list Wise as an option because they have not been updated since the change.
Does Decree No. 32 stop me forming a US company?
No. It governs foreign-currency contracting and currency movement involving Turkish residents, not whether you may own a company abroad. It is relevant to how you contract and move money, and it changes often enough that current advice matters.
Form your US LLC from Turkey
Wyoming filing, Registered Agent, and EIN guidance. $100 state fee, filed in one to three business days.
RazorFile files companies. We are not a law firm, bank, or tax advisor, and nothing on this page is legal or tax advice.