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Türkiye’s Central Securities Depository, the institution responsible for managing the country’s electronic securities registry, is developing a new system to make it easier and faster for foreign investors to open investment accounts in Türkiye.
The new platform, called the Document Management System, will allow foreign investors to send all required documents and information electronically to licensed investment firms in Türkiye. This means they will no longer need to send physical documents from abroad, which is expected to save time and reduce paperwork.
Once the documents are submitted through the system, they can be shared with multiple investment firms with the investor’s permission. This will prevent the need to repeat the account opening process at different institutions, allowing all necessary paperwork to be managed from a single platform.
Authorized representatives of investors will also be able to upload and share documents on behalf of the investor through the system.
As part of the broader effort, MKK is also preparing to launch a digital service that will allow investment firms to request a "potential tax number" for foreign investors. This number is required to open an investment account in Türkiye.
Through the MKK’s digital service center, known as MIM360, investment firms will soon be able to send the investor’s information to the Digital Tax Office and receive the tax number electronically, without needing to go through manual procedures.
According to the latest data, Borsa Istanbul currently hosts 29,186 foreign investors, who collectively hold 35.11% of the total investment portfolios. The new system is expected to further encourage international participation by simplifying entry procedures and reducing administrative hurdles.
Once launched, the Document Management System is expected to speed up account opening procedures and improve the way investment firms handle and exchange investor information.
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