The 60-second version
Turkish brokerage exit needs sell BIST holdings, GİB tax summary, depot termination letter, and USD SWIFT to NRE before India tax residency.
Sell BIST holdings before TRY wire — GİB summary from broker first
Turkey taxes capital gains on securities disposals — obtain broker annual summary from GİB portal before closing depot.
İş Yatırım, Garanti BBVA Yatırım, and Yapı Kredi serve retail custody — BIST has strong liquidity.
Greece neighbour: Greek brokerage guide if parallel Athens depot.
Turkish brokerage wind-down
| Broker | Tax doc | Step |
|---|---|---|
| İş Yatırım | CG stmt | Sell + close |
| Garanti BBVA | Annual cert | Zero holdings |
| BIST | Local stocks | Plan liquidity |
| Linked bank | TRY/USD | Close after depot |
Closure
Sell
Liquidate BIST holdings.
GİB tax
CG if required.
Convert TRY
USD before SWIFT.
Close depot
Termination letter.
Schedule FA
Last FY foreign asset.
Flow
Turkey brokerage kit
- Trade confirms.
- Tax summary.
- Closure letter.
- SWIFT.
- Passport copy.
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TRY volatility
Convert TRY to USD within days of sale — delay erodes repatriation value.
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Schedule FA?
Declare account in last FY you held foreign brokerage.
DTAA?
India-Turkey DTAA may reduce double tax — Form 67.
USD accounts?
Many brokers settle in USD — wire USD to NRE directly.
Greece parallel?
Greek brokerage guide for Athens depot.
US person?
FBAR + Form 8938 if thresholds met.
Linked bank?
Close TRY account only after depot zero and SWIFT confirmed.
Your NRE account redesignation has a deadline.
Banks don't remind you. You need the right account stack before salary, rent, and EMIs start moving. Get the exact sequence.